25 - 29july weekday charting , page-112

Hi Toby! Thanks for putting up your chart. Great place to practice Charting here so go for broke.

As for DML - I'll have a guess at what they are doing (only guessing) - Now I notice there has been some good news so the herd is definitely buying. I also notice after they broke out at $1.35 and backtest - they cut through the rest of the supply in one hit, (no problem with a lot of willing buyers) and made a new high and the price held the new high the next day as well. So I suspect they are actually capping it at the top because once they get over the locked in buyers to the left there's only blue sky above - so wheres the capping coming from? It looks like they are capping it while they mop up behind them, breaking it back down and whipping it up and down to shake out the competition (other short term potential sellers). So I suspect it will go sideways while they reaccumulated between the last break out and the high (unless they are done with it in which case it will just collapse till they're interested again)
I'm just guessing - but I certainly wouldn't be buying while the dogs are amongst it with the sole objective of taking me and any other hangers on out of the way. They are very good it. If it does go higher then we wait for them to come back and retest into this volume. Best entries are when we see them trying not to be noticed. Volume still gives them away.