VolumeDayTrader

Bullish patterns - Wyckoff Chart Volume

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NASDAQ:CHK   Chesapeake Energy Corporation
The Q2 earnings season began in August. Data for this asset are released today. The recent behavior of the price indicates that there may be a resistance breakout. The most important are the last three sessions on the chart where ultra high volume appeared. Additionally, on the Wyckoff Chart Volume Indicator we see very high volume on down swings but no progress in price. We read it as the absorption of a large sell-off. Buyers seem to control this market.https://www.volumedaytrader.com/

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