LINK Potential Sign of Weakness Between $4.80 and $4.05

21 ott 2022Hi Everyone! This looks like we could still see a Sign of Weakness in Phase E of Distribution to a price point somewhere between $4.80 and $4.05. However, it may take its time about doing this. We are waiting for "both" Red AND Blue Lines to fall below Yellow Level 50 in the 9-Day and 2-Week time frames to create cause for Stage 1 expansion down.

Here is our Short Term Group of time frames:


Here is our Near Term Group of time frames: The Blue Line in the 6-Day may still hold us back from seeing a significant move to the downside all of a sudden. Mainly for how far it has yet to move down below Yellow Level 50. The 6-Day is top right of center on this chart. This looks like a slow bleed down due to how much work the Blue Line has to do to get below Yellow Level 50 to create EXPANSION down.



I hope this analysis was helpful.

Happy Trading and Stay Awesome!

David

21 ott 2022

Commento

21 ott 2022

Commento