TOTAL - One Day We'll Have "Good" News But Not Today
As requested
Its a good moment to look at TOTAL.
Price broke up from the Supply Trendline which is the perimeter of the re-distribution downtrend.
And we wondered if there might be an ALT rally.
But unfortunately price has rejected from some important landmarks:
Price will most likely trickle down from here, perhaps with bounces - but it doesn't look good for potential bullish price action.
...
If this is the retracement top then good chance it completes the B wave an ABC from the top.
And this topping area will become another re-distribution.
None of this is good for potential ALT rallies.
We'll see how ALT charts look after this rejection over the next few days.
Not advice.
Its a good moment to look at TOTAL.
Price broke up from the Supply Trendline which is the perimeter of the re-distribution downtrend.
And we wondered if there might be an ALT rally.
But unfortunately price has rejected from some important landmarks:
- Price pierced a fast shooting star through distribution area resistance.
- Price faked through and rejected from 200ma so it remains in a technical bear market.
Price will most likely trickle down from here, perhaps with bounces - but it doesn't look good for potential bullish price action.
...
If this is the retracement top then good chance it completes the B wave an ABC from the top.
And this topping area will become another re-distribution.
None of this is good for potential ALT rallies.
We'll see how ALT charts look after this rejection over the next few days.
Not advice.
Comment:
On the Weekly print a bearish looking shooting star.
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Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Get the "heads up" at critical moments - don't lose your shirt.
$50 per month 👍🏻.
Contact: t.me/dRends35
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