AKE Chart, page-3069

It is obvious to me that AKE is in distribution phase now. So I doubt that it will keep going up from here like in markup phase, unless suddenly there is a very positive news. I do, however, believe that the sp will break $14.21 (26 August) to make an upthrust. I don't know how high this upthrust will be. And the fact that we get a pin bar with very high volume today, this upthrust may very likely be reached tomorrow.

As an upthrust is a bull trap, there will be a heavy sell-off after the sp peaks. Then I think there are 2 possibilities. If the pullback is aggressive, the distribution may be jagged like the one before this. But if the pullback is rather mild, the distribution will be stretched like in August to November last year.