Expecting Mark Down Phase

Charles Schwab (SCHW)
Entering Mark Down Phase

Distribution Phase Observations:
-Upthrust (Failure to mark Up)
- Uptrend Line Broken
- Sign of Weakness (Fall Thru Ice)
- RS Negative
- FFI Negative

1st Target: US$42.96

Comments:
Trading risk will be reduced, if entry when price makes an LPSY to retest previous Ice (support-turn-resistance zone)

Risk:
A break about US$53, will falsify the Distribution Set-up.

Trade closed: target reached