WHC - Walk it up to value high (300%+ long term)
Using the volume profile (VPVR), we can see confluence between the 2009 swing low and the bottom of "value". This immediately gives two reasons to signal that the tide may have turned in favor of the bulls.
The value high @ $3.845 lines up with the midpoint (50%) of the entire chart, which gives extra validity to that price level acting as significant high timeframe resistance.
Learning how to spot confluent factors to help frame your trades/investments will give you a significant edge over the rest of the market, making TA an incredibly powerful tool!
Good luck!
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The value high @ $3.845 lines up with the midpoint (50%) of the entire chart, which gives extra validity to that price level acting as significant high timeframe resistance.
Learning how to spot confluent factors to help frame your trades/investments will give you a significant edge over the rest of the market, making TA an incredibly powerful tool!
Good luck!
Hit the LIKE button if you find my analysis valuable and want to support my channel. Follow to make sure you don't miss any future trade ideas.