It is likely to see a continuation Down, After many tests and signs of weakness within the range. After phase c was created it is evident that the trendline created is part of Phase d. around phase C was evident of an Extreme SOW and confirmation of the previous sow after breaking the AR level.
General TELL recently visited the bottom of the range and started heading higher in the last months. Planning to take a little position if price should manage to get above "Level 1", generating a new swing and getting above it again. Target: A bit under the 50% of the range SL: I dont want price going lower than the swing after breaking it. Invalidation: ...
AMEX:TELL TELL Fair Value Gap Price at 2.84. Lose 4.20 support and down she goes.
So, a lot going on in this chart, but what I want to draw attention to is the crossover of the 20ma down through the 50ma (yellow ellipses) and the price action that follows. We have 3 analogs on the chart over the past year or so. The crossover coincides with near term oversold conditions and and a brief correction followed by further downside. The downside from...
Todays wick shows good resistance off the 200ma. I am looking for a gap fill as shown on chart, especially with the anticipation that we hear good results on the consumer price index(CPI).
many failed upthrusts occurred within the upper range and medium range of the channel. One major lesson I have learned with identifying a Wyckoff schematic is that ranges must be horizontal. Horizontal ranges would identify price levels. This is far more important than resistance levels. Though price and resistance may be the same, the concepts listed evolve...
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Sideways Wyckoff channel manipulation. The biggest downmove occurred due to news and the institutions using this news as leverage to sell into lower lows. Then one morning we had a shakeout that occurred that failed to leave the range--insisting that all supply was being absorbed by the professionals.
Tellurian might be solid OIL sector investment. Liquidity grab folled by bullish break of structure indicates bullish momentum.
yesterday on this stock we have a good golden point as we see on the chart: - intersection of support and resistance line; - breakout of the support line with force with a large volume; At these elements we have a downtrend.
Breakout of the support line and the vwap indicator with force with a large volume so downtrend...
Seems that phase c already happened. LPS probabiliy increased. Increasing volume on Rallies and low supply on support areas shows that demand is prevalent.
Nice setup up on this one, look at the volume increase!! bigger breakout is coming in my opinion. once it breaks local trend resistance we can target 8.63-12.62-16.6
We see on the chart a good spring effect on the vwap indicator at the same time a pullback. This means that buyers came to test the vwap and they were rebuffed by sellers..Big probability on downtrend...
On TELL as we see on the chart we obsreve a downtrend.. Breakout of the support line and also we have a large volume..
On TELL as we see on the chart the sellers are there. Little by little they impose themselves....Downtrend....
*TELL made a New 6 Month High Yesterday *Last dip held by 200 DMA *Almost double volume on breakout candle *Price above 200 DMA *10% Intuitional ownership in last 3 months