Price has reached the area of major liquidity as suggested last week (outlined in green). Now price will range in this area to absorb liquidity created 11 Feb -18 Mar (Price will be similarly volatile as prior price movement in this area). Once the "Cause" has been created then we can assess for the next major "Effect" be it a markup or markdown in price. (**pt2...
Notice above avg. buying volume increases at new highs followed by above avg. selling volume (White circles). The volume on continuation highs were not followed by above avg. selling volume (Green circles). My conclusion is shares are being absorbed from weak hands. Once the CO has accumulated the desired amount of the float the price will continue higher to...
