false break or trend change

已更新

the reversal pattern is in if we close above the key levels marked out. we have tested this sentiment a few times in the past month, but each time its proven resistive. if that pattern turns green and we close in a bullish pattern breaking out of this wedge to the upside daily id imagine were in for the upper horizontals, and if we stay with sss and qqe in the red treating this area as resistive id imagine it gets shorted back down to the lower horizontals. bulls really want to hold that orange line (high volume area), and bears want to move below it.

注释

Comment: trama and vwma showing a similar story as break out to the upside seems imminent if trama starts to rise, and we stay over vwma. impending doom is just as certain if we fail that trama, and it begins to sink again with the price moving below vwma.