After the Buying Climax on 7th of July, brief distribution was carried out between 25950-26250.
Today saw a gap down and a selloff to first of the 4 unfilled gaps below which is acting as a support for time being.
Key resistance above now is 25850-950.
Move down so far appears to be in a channel formation.
Major chunk of distribution took place between 24500-300 since the low in March. Gap through that will signal the start of a markdown and accelerated move towards 20k and below.
Regards
Today saw a gap down and a selloff to first of the 4 unfilled gaps below which is acting as a support for time being.
Key resistance above now is 25850-950.
Move down so far appears to be in a channel formation.
Major chunk of distribution took place between 24500-300 since the low in March. Gap through that will signal the start of a markdown and accelerated move towards 20k and below.
Regards
