As the title says. Looks like 
NVO is finishing up an relative small accumulation range. Question is whether the spring-test is done here or not. Sometimes there's a big push and retrace to create a test. Sometimes something that resembles current PA can be enough.
Let's see how it develops. But expecting continuation up on the higher timeframe. Breakout and retest of downwards trend (descending channel) would be a big sign.
NVO is finishing up an relative small accumulation range. Question is whether the spring-test is done here or not. Sometimes there's a big push and retrace to create a test. Sometimes something that resembles current PA can be enough. Let's see how it develops. But expecting continuation up on the higher timeframe. Breakout and retest of downwards trend (descending channel) would be a big sign.
Nota
Perfect execution. Expecting consolidation now. Trade attivo
Consolidation could go as deep as .5 or .618. We want to see a LPS-phase next. Trade chiuso: obiettivo raggiunto
NVO went way deeper than that .618 retracement. Nevertheless I am still convinced this is part of the accumulation. New thread opened up here:
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