The white volume line has been fading during the climb inside the wedge
Broadening wedges often end with a volume pickup on the breakdown, not on the way up
- That’s typical of an exhaustion rally inside an ascending broadening wedge where price pushes higher on weaker participation
- The last push up showed a small bounce in volume, but not a breakout-level surge
- For a wedge, this usually suggests the rally is running out of gas rather than building strength
Broadening wedges often end with a volume pickup on the breakdown, not on the way up
- If we see that white line spike while price loses the wedge bottom, that would be a strong bearish confirmation
- Conversely, if volume expands while breaking above $573–$574, it would invalidate the bearish read & confirm strength instead
- So, right now volume is consistent with a potential bearish resolution
Nota
** I posted an updated version with some correctionsI am not a licensed professional & these posts are for informational purposes only, not financial advice.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
I am not a licensed professional & these posts are for informational purposes only, not financial advice.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
