Notice I am looking for a Upper test and a Sign of Weakness to verify a distribution top. At this point I am watching this channel to further develop.
Notice that 1D MA50 is acting as resistance and UPPER BB.
I was expecting a pump (which occurred) and a dump (TBD).
I'll update as I see more.
Good Luck
Notice that 1D MA50 is acting as resistance and UPPER BB.
I was expecting a pump (which occurred) and a dump (TBD).
I'll update as I see more.
Good Luck
Note
Note
This is how I see the distribution top now that upper test appears almost complete. looking for a decline below 20250 and not able to get back in.
Note
20250 is having a struggle to reclaim, next level is the test below 19800
Note
Yet another bearish signal, 50% retrace rejection. add that to the lowest monthly candle close in 2 years.
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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.