My Arguments why it is showing bearish signs.
1. SLKB 1 gave a Bullish impulse and a genuine one on an existing uptrend and made a good progress to push the price higher.
2. SLKB 2 gave a bullish impulse too, but progress was not made as it made in previous impulse, means loosing bullish momentum
3. This price is between A and B trendline, but it had ND and a SB. which acted as a resistance where EVRT(SLKT to RFSB) and SB appears this is confirmation of Bearish signs and loosing Bullish Momentum.
High Chance of Breaking down of Line B and find Support near Line C or next support where NS+DB occurred.
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
1. SLKB 1 gave a Bullish impulse and a genuine one on an existing uptrend and made a good progress to push the price higher.
2. SLKB 2 gave a bullish impulse too, but progress was not made as it made in previous impulse, means loosing bullish momentum
3. This price is between A and B trendline, but it had ND and a SB. which acted as a resistance where EVRT(SLKT to RFSB) and SB appears this is confirmation of Bearish signs and loosing Bullish Momentum.
High Chance of Breaking down of Line B and find Support near Line C or next support where NS+DB occurred.
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
Nota
This setup is not valid anymore. Still I am not bullish to this stock. Its way too overpriced. I would now only buy of thinking when it reaches at appropriate levels.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.