- Admittedly, I got tricked by the Whales as price exited Trading Range with strong Bear Volume.
- A Test of Supply occurred below the Trading Range on low volume (no more Long stops to liquidate).
- Price advancing back into Trading Range on high Bull Volume confirms successful test and Spring Phase.
- π¨ A break below Last Point of Support $9,350-ish will invalidate this analysis!!
Trade closed manually:
Top of Channel
Some weak bearish Divergence on the Daily... but not too concerned about that since RSI peaks are level and peaks are not sloping down.
A drop back to the midline of the Pitchfork is 5%-ish