Price action & Psychology - Triple bottom reversal
Hello !
Key points :
Rising volume ?
On this particular chart, it doesn't seem like the volume is actually rising. This is because the chart shows the data only for the current exchange (Cboe BZX). On my brokers account, I am able to see the overall data (in this case volume). In fact, if you combine the volume of shares traded on every exchange, you get a very different picture of what's really happening (see screenshot below).
ibb.co/WPFDtLd
Earnings call
Everytime I get into a trade, no matter what happens, I always liquidate before they present their earnings.
***Disclaimer : This is not an advice to buy the stock.***
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
Key points :
- Triple bottom pattern
- Rising volume
- Price rejection ("hammer" formation) on higher volume than previous sessions
Rising volume ?
On this particular chart, it doesn't seem like the volume is actually rising. This is because the chart shows the data only for the current exchange (Cboe BZX). On my brokers account, I am able to see the overall data (in this case volume). In fact, if you combine the volume of shares traded on every exchange, you get a very different picture of what's really happening (see screenshot below).
ibb.co/WPFDtLd
Earnings call
Everytime I get into a trade, no matter what happens, I always liquidate before they present their earnings.
***Disclaimer : This is not an advice to buy the stock.***
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
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