The 21-day stochastic has surged past the critical 20% level, flashing a powerful bullish signal in this weak downtrend. Adding fuel to the fire, the price phase indicator is climbing, hinting that a price surge could be on the horizon.
Meanwhile, volume accumulation is on the rise, further reinforcing the case for an upward move. Historically, when these conditions align in a downtrend, they act as a precursor to a market rebound.
Even as intraday lows hit a 21-day bottom, the positive volume accumulation percentage suggests underlying strength. While this is a weaker bullish signal, it still points toward a potential recovery.
One final twist: though the price phase indicator remains negative, the advancing volume accumulation creates a rare non-confirmation signal—one that often precedes a strong bullish reversal.
The stage is set. Will the market follow through? Stay sharp—this could be the turning point.
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