Chartwatch, page-119

hi @Tradergimp

can kind of see three phases on the chart

the first is a typical secondary re accumulation just before they pump into distribution

distribution this time begins with the big sell off bar .. note how it immediately turns south next bar

as well those two lower highs are followed by an immediate turn south next bar ... also note the increase in volume on the secondary bar .. = supply

atm its being held by that big down bar 3days ago .. now would expect it to have trouble getting back up into that top range .. likely will bash itself silly going sideways for a while and a bit .. the high of that bar 3days ago is an important point,... if it can take that out and successfully back test or not be troubled by it, well possibly some north bound progress can begin ... but