FapFop89

FapFop89 Updated 

(1) Macro Downtrend (Below 50/100/200 Moving Average). Sideway Trending (Meso)= Holding current Level(?) (2) Break TrendLine=Next Phase --> Accumulation (3) POC* = $31.9 + Most traded zones. Trend Currently Negative Conclusion: Downtrend, horizontal OBV (D) Price Tgt #1: 25.82 - 26.7 Price Tgt #2: 29.24 - 29.85 Price Tgt #3: 19.27 - 18.22 (Demand...

FapFop89 Updated 

(1) Previous accepted Demand (D) Zone. 'Smart-Money Zone'(?) (2) POC + Most traded=16.5 - 17.2 (Best balance?) (3) OBV Flattening (4) RSI (D) Oversold = Previous oversold zone (short) Trend Revearsels. Conclusion: Buy Zone Tgt #1: 12.6 - 14.05 (Current zone!) Price Tgt #2: 16.5 - 17.2 Price Tgt #3: 22.48 - 28.34 (Depend Strength Trend) Review= 1. Break...

FapFop89

(1) Macro Downtrend (Below 50/100/200 Moving Average). Trend=Oversold (RSI) (2) POC =$24.8 (3) Decreasing OBV (Negative) Conclusion: 1. Is Demand(6) Zone respected? Buy Zone #1: 14.37 - 13.88 Buy Zone #2: 10.7 - 9.14 Price Tgt #1: 21.28 (Trend Line) Price Tgt #2: 26.16 Review= 1. Break Demand 6 (!) 2. Unknown Hype *POC=The price level for the time period...

FapFop89

(1) Daily Demand zone Broken= Supply > Demand + Increase in Volume (Selling) iccw declining OBV (2) Weekly Demand zone + 2x Legit Renko Support Line (3) Decending Trendline still Legit (4) RSI --> Oversold (Demand W Legit for bounce?) (+) Support at Falling Wedge pattern, weak(?) Conclusion: PA ≈ Volume --> Legit move (down) Price Tgt #1: $3.51 (High) SL:...

FapFop89

The Wyckoff Distribution & Accumulation Events + Phases are in the chart. Disclosure: This is just a personal idea, not a trading advice.