After the cut of the 2024 prognosis the share price drop significantly. The pattern has all characteristics of a BnR and the 20th October candle is almost an hammer. We see a drop equal to two times the width of the lead in channel. The important low of 2022 was broken within day but not on a daily basis. So we may see either a quick V-shape rebound (black) or no...
We are now in the stage 1 price accumulation setup. According the daily MACD, RSI and the volume profile the setup is bearish. The take profit of the short psoition is the heaviest volume area of the next cluster.
