as I was trading I had to show this example of accumulation, markup & possible distribution -
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Measured move puts this Bear Target below $198 *Bears want to close below $198 for the month to strengthen Their Narrative This also coincides with weekly expected low and and Maximum Options Pain
This Pattern is NOT Confirmed
Bulls - Just Keep Price Above $200 for today for New Monthly High, then Push to 200 daily MA then to $234 etc....
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Bears are loosing the Monthly Candle * New High with Close above $198 - Bulls need to close above 208.29 (previous Monthly Closing Support -now resistance) or best if Bulls can close above $209.70 0.5 retracement from Previous Top