Evening Traders,
Today’s analysis – FLOKIWETH – Trading with consecutive higher lows where a trend continuation is probable,
Points to consider,
- Price Action Trending
- Dynamic S/R Support
- Swing High Objective
- Low Volume
FLOKIWETH’s immediate price action is trading with consecutive higher lows, allowing for a bullish bias.
The Swing High is the immediate objective, exceeding this level increase the probability of a trend continuation.
The current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, FLOKIWETH is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.