Short
UTX transfering into Mark Down Cycle
MARK UP - higher highs above rising moving averages, low volume pullbacks
DISTRIBUTION - no direction (range), clear resistance at $120
MARK DOWN - bear channel in fornt of support $112.50 (and 200EMA) and break down on earnings
Some flagging before continuation down. If it will hold 1/2-1/3 then we will see quick resuming of selling
DISTRIBUTION - no direction (range), clear resistance at $120
MARK DOWN - bear channel in fornt of support $112.50 (and 200EMA) and break down on earnings
Some flagging before continuation down. If it will hold 1/2-1/3 then we will see quick resuming of selling
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.