Medium hump
Medium hump is 3 small humps
Best way to read medium humps is with comparing greens versus reds
Greens versus reds
Highlight the ups and downs only.
How to read this?
Compare the greens and reds
From the 1st to 2nd hump, the greens got weaker and the reds got stronger. Therefore, start being on the lookout for a bearish signal.
HOWEVER, the green from the 3rd small hump is so strong, so now, scratch the "looking for a bearish signal". What a twist!
The hump finished with the 3rd red stronger than the 2nd red which makes this reading inconclusive.
This medium hump is telling us that it was on its way up, thought about going down, BUT it is putting up a fight.
The next medium hump, starting with its 1st small hump, will say a lot about where it is headed next. We have to wait for the next chapter!