Sideways trends on WDC
Analysis explained:
1. Support zone identified by multiple lows bouncing at the same line, validated by volume profile (at left).
2. Channel identified, confirmed with volume profile (to see this confirmation you must change the chart for 4hrs instead)
3. Check the volume to confirm when the bounce is happening.
Expectations: wait for a new bounce (to buy) or wait for a new breakout, always confirming with volume.
Best Regards,
Roberto
1. Support zone identified by multiple lows bouncing at the same line, validated by volume profile (at left).
2. Channel identified, confirmed with volume profile (to see this confirmation you must change the chart for 4hrs instead)
3. Check the volume to confirm when the bounce is happening.
Expectations: wait for a new bounce (to buy) or wait for a new breakout, always confirming with volume.
Best Regards,
Roberto
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