ABC 2.04Monday Dumped down from a consolidation to expand the...

ABC 2.04
Monday Dumped down from a consolidation to expand the range and form a new peak formation low.
Tuesday put in a lower peak formation low and then bounced higher but failed to close above the 34wma
Wednesday opened lower to form a lower peak formation low and trap the buyers from Tuesday above and formed a lower high as again it failed to close above the 34wma
Thursday spiked higher at the open with two candles but both formed dojis as there was confusion about whether price was going higher or lower. Price then slammed down to form another peak formation higher low inside the demand level. Then price shuffled sideways from the candle body to end the day
with a small green candle
Friday opened with a big green candleboucing higher than anything from the past three days and went higher most of the day until the last candle which tested the 8wma for support.
Overall the weekly template was dump and pump for the Friday trade.