$DLR successful breakout notes

Jul 18, 2023

Daily

DLR 0.00%↑ formed a base formation on a rising 20ema.

Price was trading at volume point of control.

Lots of volume accumulation right before base formation.

Base formed on a rising 10ema with volume accumulation.

Multiple liquidity bars appeared during the base formation.

Multiple sessions of absorption, followed by exhaustion and initiative by buyers.