Short
Afterpay -is the hype over ??
Using Gann time analysis, afterpay should drop from here (Aug 6).
Aug 7 being a Gann seasonal date, usually this date calls a turning point. Since Aug 7 is a saturday and non trading day, the turn normally takes place 1 trading day before or after the weekend.
Counting 42 days up and another 43 days we comes to another top on Aug 6.
Gann says that tops and bottoms usually comes with high excessive volumes, and with this top we been getting massive volumes in the past 1 week.
Lets see ....
Aug 7 being a Gann seasonal date, usually this date calls a turning point. Since Aug 7 is a saturday and non trading day, the turn normally takes place 1 trading day before or after the weekend.
Counting 42 days up and another 43 days we comes to another top on Aug 6.
Gann says that tops and bottoms usually comes with high excessive volumes, and with this top we been getting massive volumes in the past 1 week.
Lets see ....
Note
Sep 8 update = still sideways ... now around 130Note
volume getting weaker too ... so i see this as a distribution.. highly likely this will break down
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.