Join our Telegram channel (7000+ subscribers) for daily market analysis & trading tips: t.me/synapsetrading
About a week ago, I shared this chart of Vard which was making historical lows. Buyers of all timeframes, techniques and indicators will no doubt notice this, given rise to a confluence of wills.
After breaking new lows, buyers immediately stepped in due to the vacuum effect, pushing price up 6.4% today. The skill, of course, is spotting it before it happens and anticipating the move, which we did as shown in the screenshot below.