I'm still bullish based on price and volume
1. We're still in a uptrend.
2. Trendline gets respected
3. Volume profile and support levels got respected.
4. High volume, very long wick, downtrust candlestick gives a strong reversal signal. The reversal is probably going to happen after a strong correction in the uptrend.
Since there is another volume level I placed a risk/reward ratio of 1 to be sure. TP and stoploss will likely be moved if my prediction was right.
2. Trendline gets respected
3. Volume profile and support levels got respected.
4. High volume, very long wick, downtrust candlestick gives a strong reversal signal. The reversal is probably going to happen after a strong correction in the uptrend.
Since there is another volume level I placed a risk/reward ratio of 1 to be sure. TP and stoploss will likely be moved if my prediction was right.
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