Anatomy of a congestion in real time with A2M
It is important to know that the MAJOR TREND is still DOWN with obvious change in MEDIUM TERM TREND from DOWN to CONGESTION/TRADING RANGE where our analysis kicks off.
A real time study for those of us who may be interested in uncovering the motives of the smart money on display with A2M.
Boundaries as marked with the CLIMAX/EXHAUSTION LOW followed by CLMAX RALLY (counter trend). This counter trend move is highlights the change. This move fills the gap with vengeance making it an EXHAUSTION GAP. Inability of the seller, even with deep pockets(funds) with diminished selling power is now on display....
Now that the price is congested in the medium term, those with deep pockets, would try with their big buying and selling power to accumulate for the medium/long term....
Price tests and re-tests of important price levels, within the congestion, reveals their motives like the exhaustion gap being filled with a climax rally. Their medium/long term accumulation tactics are revealed by our charts.
Moving averages in use should also give us levels to watch which also gives us clues about the trend conditions...
Watch the boundaries of the GREEN BOX/RECTANGLE on the chart which is indicative of the current congestion(medium term trend).Once this congestion is resolved, next major move will be sharp and decisive....
This analysis is NOT A FINANCIAL ADVISE.
A real time study for those of us who may be interested in uncovering the motives of the smart money on display with A2M.
Boundaries as marked with the CLIMAX/EXHAUSTION LOW followed by CLMAX RALLY (counter trend). This counter trend move is highlights the change. This move fills the gap with vengeance making it an EXHAUSTION GAP. Inability of the seller, even with deep pockets(funds) with diminished selling power is now on display....
Now that the price is congested in the medium term, those with deep pockets, would try with their big buying and selling power to accumulate for the medium/long term....
Price tests and re-tests of important price levels, within the congestion, reveals their motives like the exhaustion gap being filled with a climax rally. Their medium/long term accumulation tactics are revealed by our charts.
Moving averages in use should also give us levels to watch which also gives us clues about the trend conditions...
Watch the boundaries of the GREEN BOX/RECTANGLE on the chart which is indicative of the current congestion(medium term trend).Once this congestion is resolved, next major move will be sharp and decisive....
This analysis is NOT A FINANCIAL ADVISE.