Hello Birdies,
The stock marketer biggest mover who has the responsibility to keep the market up is topped out. Since June it is in distribution phase.
The price is at 1.618 fib level and also taking resistance at fib circle.
Once it broke down from yellow line thats the start of bearish trend.
The targets are on the line which were converted into support its time to retest and confirm them as support.
The stock marketer biggest mover who has the responsibility to keep the market up is topped out. Since June it is in distribution phase.
The price is at 1.618 fib level and also taking resistance at fib circle.
Once it broke down from yellow line thats the start of bearish trend.
The targets are on the line which were converted into support its time to retest and confirm them as support.
Comment:
Block and Range analysis telling the same.
Comment:
Hell of a drop.
Trade closed manually