INJ is showing signs of a massive sell-off coming soon. Here is the explanation for this Wyckoff Distribution:
PS (Preliminary Support):
SC (Selling Climax):
AR (Automatic Rally):
LPS (Last Point of Support):
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PS (Preliminary Support):
SC (Selling Climax):
AR (Automatic Rally):
- ST (Secondary Test):
LPS (Last Point of Support):
Follow if you like this kind of analysis!
Comment:
Fake break out at 40usd. Price seems bearish over the next few days.
Trade active:
I am still expecting the price to go lower.
Comment:
My target is around 27 usd
Trade closed: target reached