A 18 Line Change bar is a powerful signal that indicates the trend will reverse or continue in Mark-Up stage. High volume 18 Line Change bar show Smart Money ready to absorb the supply at the resistance and pushes the price above the resistance to lock the weak-hand holders from the left.
Based on Carimin daily chart, Smart Money have re-accumulate during the pullback and ready to mark the price higher. The chart come with strong background with accumulation stage follow by mark-up. Looks for the next Sign of Strength near support to trade with lower risk.
Based on hourly chart, Carimin formed a classic Volume Spread Analysis pattern with 4 narrow spread bars low volume just above support level. This is a good potential entry as the narrow bars after Line Change indicates Smart Money are testing the potential supply. If the bar come with low volume, mean it is a successful test.
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock