If the volume profile of T tells the story, then it is developing a D shaped profile in the decline.
Which means the point of control is remaining up high and in the middle.
So it is then initiating downward to find a Buyer.
That buyer should be found where the last set of buyers initated before at the Pink lines.
Ideally, it checks out with growth model proportions downward from the current decline... And it does at the red Fib symmetry line for 200% at 30.00
Then there's that strong leg down from the all time highs to contend with.
The grey box could represent that same range extension at the top, projected into the future at the bottom.... COULD.
In any case, 30 is a great place to own T from for a few reasons.
1) it's where buyers last acted aggressively as fact - there was a huge rally last time price accumulated volume there, not a decline obviously - so must've been buyers.
2) the dividend payout would be pretty good down there
3) The decline D shaped profile is pure statistical distribution and price is likely to be pulled back up into recent fair value as lower prices apparently are not being as accepted as higher prices were. In 2017-18 anyways.
Which means the point of control is remaining up high and in the middle.
So it is then initiating downward to find a Buyer.
That buyer should be found where the last set of buyers initated before at the Pink lines.
Ideally, it checks out with growth model proportions downward from the current decline... And it does at the red Fib symmetry line for 200% at 30.00
Then there's that strong leg down from the all time highs to contend with.
The grey box could represent that same range extension at the top, projected into the future at the bottom.... COULD.
In any case, 30 is a great place to own T from for a few reasons.
1) it's where buyers last acted aggressively as fact - there was a huge rally last time price accumulated volume there, not a decline obviously - so must've been buyers.
2) the dividend payout would be pretty good down there
3) The decline D shaped profile is pure statistical distribution and price is likely to be pulled back up into recent fair value as lower prices apparently are not being as accepted as higher prices were. In 2017-18 anyways.