Smart money is shaking out the weak-hand holders by pushing the price below the support level on 23 October 2018. Notice the price eventually closed above the support level on 5 November 2018 indicate smart money have successfully removed the weak-hand holders. Currently, Smart money is still testing the supply in this market near the support level.
The testing of supply is detected by the Spring bar (13 Nov) and confirmed No Supply bar (21 Nov). The confirmed No Supply signal offer traders an opportunity to trade a lower risk with stop loss below the support level.
Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.