There might be a case for lower lows since the peak from March 30. But I see a upward price wave coming.
The reading that I see is the VCO divergence, as the red-shaded box ending at Apr4 boundary, is much narrower than the prior red downtrend at Apr3 boundary.
The alternative translation from a trader psychology perspective, is that those sellers represented red shading, are about to be punished by an upward price move.
The reading that I see is the VCO divergence, as the red-shaded box ending at Apr4 boundary, is much narrower than the prior red downtrend at Apr3 boundary.
The alternative translation from a trader psychology perspective, is that those sellers represented red shading, are about to be punished by an upward price move.
My usual pattern is "patient in, impatient out" based on my system.