HI @ddwn
Def FA events kicked in as u pointed out.
Downward pressure.
Would be better TA'ers than I that may have picked something up (possibly around VSA / Wyckoff maybe) and in hindsight (always easy haha) looking at the bar on the 10th you can see the vol was pretty std but the spread increased marginally compared to days just b4 which possibly indicated smarter money wasn't supporting the run up & quite possibly were distributing in retailers then the dump with stops etc & smarter money mopping up b4 the meeting.
Following that on the bounce, if you look at the previous charts you will see there was indicated a couple of things. The 1st chart (Kumo) shows on the labels right side the weekly supp level ~ 3.06 which also correlated with the 3rd chart (wkly), label right side showing the HL lower pivot at 3.06 & the Kumo (cloud) also acts as supp / resist depending on SP above / below, so there appeared a poss support area around there. As it was, that's pretty much where held.
Haven't got the "blue boxes" wider view chart set up anymore but have essentially recreated using a RSI driven indicator that looks for RSI swing areas that can indicate poss supply / demand areas. I have used that and extended the previous areas both daily & weekly & notated range as poss areas to watch.
Also are the previous charts updated slightly with some blue comments & will include the prev Kumo & Wkly charts with todays so easier to look at.
Cheers mate & have a good weekend all.
Today
Prev 10th
Today
Today
Prev 10th
Wider view zones - daily & weekly overlaps.
MSB Charts, page-419
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$1.19 |
Change
0.085(7.69%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.20 | $1.09 | $13.21M | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.19 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 75212 | 5 |
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