NASDAQ: Re-accumulation
Price currently been trading in phase C at secondary test after the spring.
On phase C.
volume and spread forming a DOWN THRUST on the spring, this is the divergence between spread and volume which signifies that there is more demand than supply.
also on secondary test , VSA forming a INVERSE DOWN THRUST, this is the disagreement between spread and volume which also signifies that there is more demand than the supply causing price to rise in near future.
in coming week we will be trading in phase D, hopefully we will see sign of strength towards the creek.
On phase C.
volume and spread forming a DOWN THRUST on the spring, this is the divergence between spread and volume which signifies that there is more demand than supply.
also on secondary test , VSA forming a INVERSE DOWN THRUST, this is the disagreement between spread and volume which also signifies that there is more demand than the supply causing price to rise in near future.
in coming week we will be trading in phase D, hopefully we will see sign of strength towards the creek.
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