Technical analysis by lukeyhwh about Symbol ALGO: Buy recommendation (9/28/2023)

Based on a current 3m chart analysis and comparing it to the daily chart, I have spotted a potential fractal pattern that may indicate a reversal is on its way on the daily chart. Looking at the 3 minute chart over the past 2 days, I see an identical fractal pattern, as indicated by my blue squiggles. I encourage you to analyse the 3 minute chart on the 2 most recent bullish candles and see this pattern for yourself. Algo is super supressed, but we also see that the selling volatility has greatly reduced over time, with less severe sell offs. This could also indicate reduced selling pressure and a chance for a reversal.