chart pls - mitta / funkymonk, page-15

A quick look at how that recent weakness was easy to spot with EHL and whilst preparing for this, one could've taken the necessary steps to help their pocket.

Two daily charts, the second have panned in a tad to get a closer look.

bar #(1), The heavy volume combined with the middle closing action, gave a hint of a warning that there may be some hidden selling happening.

The very next bar that followed it, also added to it being a dangerous time to be buying.. Note its also on high volume, big thing though is its narrow, which as an upbar simply means its being capped or sold into by the pros.

Next, just had to wait to see any further signs/confirmation that this was a period of distribution (selling).

It then just basically went sideways with a lot of low closing bars, two of them acting as upthrusts, with also a no demand #(2) on the right hand shoulder. The cautionary warnings got posted on numerous occasions over in the DT forum.

Fridays bar is the most bullish of the last three, just have to wait for it to basically do the complete opposite of what it did over the top, ie more bullish bars to turn up.

dyor