- Three lower lows and lower highs ---
- below VWMA (early) -
- Decreasing volume --
- Bearflag setup on daily ---
- Good volume in the demand zone ++
- IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
Trade active:
Volume still low, and into heavy supply...I expect weakness to start soon.
Trade active:
Today is the day ramp down has started...let's see if there is follow through.
Comment:
Bingo..first target 560
Trade closed manually:
I still have short bias, but hard to stay in the trade with the current price action. Price above VWMA could push higher.
Comment:
Leaders lead...formed a flag on daily and brokeout for the test of ATH.