When it failed to ricochet, the standard pattern then began for this signal.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Look at $nvda, have you ever regretted that you didn’t buy nvdia when it jumped from $35 to $150??
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
This move happened on lower volume, as yesterday’s volume was down 1.89% from the day before — and down 52.14% from the same day the week before.
This move happened on lower volume, as yesterday’s volume was down 5.84% from the day before — and down 54.07% from the same day the week before.
As for how volume fared, yesterday’s volume was up 72.98% from the previous day (sunday), and up 124.5% from monday of the week before.
The price move occurred on volume that was down 22.15% from the day prior, but up 112.57% from the same day the week before.