The stock tested the Initial Balance at the downside and reversed from 1050.
The retracement should have greater volumes and momentum and
wide range candles than the bearish candles to gain strength.
Failing this, it will continue its downward journey or simply trade in the range.
We will see what happens throughout the day.
Check for updates and any trade signals
The retracement should have greater volumes and momentum and
wide range candles than the bearish candles to gain strength.
Failing this, it will continue its downward journey or simply trade in the range.
We will see what happens throughout the day.
Check for updates and any trade signals
Trade active:
It is still weak
Comment:
The stock has been ideal for Option Sellers it is consolidating since morning.
Trade closed manually:
position Squared Off before final hour
The volumes supporting this candle (C7) is unable to match any of the previous bearish bars.