We have been following the AVI distribution since the beginning of the year (see posts below). We are now in the markdown phase. Price has found some support at 8500 but is looking like selling pressure could push it through this level. The 200 day MA has been tested and we see an increase in volume on down bars as it pushes up against 8500. Watching for the break lower.
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.