The green arrow was a crazy dump, and we're now entering it's price box, so it's the first test of an area shown to have a ridiculous supply.
That being said, volume is reducing, as price is going up...so Supply is being absorbed, a Bullish sign.
I just posted about how I think we're at a key juncture....That post was about Gann Fan and it's findings....This is a PnF chart, helps reduce some of the noise.
Watch the next large volume candle...should be quite telling....
As always, practice solid risk management, good luck, and have fun.
That being said, volume is reducing, as price is going up...so Supply is being absorbed, a Bullish sign.
I just posted about how I think we're at a key juncture....That post was about Gann Fan and it's findings....This is a PnF chart, helps reduce some of the noise.
Watch the next large volume candle...should be quite telling....
As always, practice solid risk management, good luck, and have fun.