as I was trading I had to show this example of accumulation, markup & possible distribution -
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Measured move puts this Bear Target below $198*Bears want to close below $198 for the month to strengthen Their Narrative
This also coincides with weekly expected low and and Maximum Options Pain
This Pattern is NOT Confirmed
Bulls - Just Keep Price Above $200 for today for New Monthly High, then Push to 200 daily MA then to $234 etc....
Note
Bears are loosing the Monthly Candle * New High with Close above $198 - Bulls need to close above 208.29 (previous Monthly Closing Support -now resistance) or best if Bulls can close above $209.70 0.5 retracement from Previous Top
There is still 1 hr left...
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Well .. Buy the roomer sell the fact..New Analysis after Price Action Tomorrow
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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.