Based on the trend line, scope has rebounded at the trendline and now will making new high. Volume entry was nice a 5 Feb 2021.
Red line = expected to Break previous Peak and making small Pullback before going up for a new high.
Green line = BO without making PB
Red line = expected to Break previous Peak and making small Pullback before going up for a new high.
Green line = BO without making PB
Note
As we see now SCOPE is following both Line, But from the look at the last candle and Stoch+MACD. there is higher change for a small pullback following the RED LINE before making a new high again.Note
Yes, it is confirm that the counter will continue making pullback. Before going up again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.