Price action analysis
Explain the price action for me The price action in this chart appears to depict a phase of consolidation following an earlier upward trend. Here’s a breakdown of what is visible: 1. Initial Uptrend: The earlier part of the chart shows a strong bullish movement with green candles steadily increasing in price. This indicates buying pressure, suggesting optimism or a reaction to positive fundamentals. 2. Choppy Consolidation: After the upward move, the candles become smaller, and there is a mix of green and red candles....