(1) Daily Demand zone Broken= Supply > Demand
+ Increase in Volume (Selling) iccw declining OBV
(2) Weekly Demand zone + 2x Legit Renko Support Line
(3) Decending Trendline still Legit
(4) RSI --> Oversold (Demand W Legit for bounce?)
(+) Support at Falling Wedge pattern, weak(?)
Conclusion:
PA ≈ Volume --> Legit move (down)
Price Tgt #1: $3.51 (High) SL: $2.9 (17%)
Price Tgt #2: $3.00 (Low) SL: $2.48 (17%)
Price Tgt #3: Break Trendline + Confirmation
Review=
1. Revisit 'old' Daily Demand
2. Break Weakly Demand
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.
+ Increase in Volume (Selling) iccw declining OBV
(2) Weekly Demand zone + 2x Legit Renko Support Line
(3) Decending Trendline still Legit
(4) RSI --> Oversold (Demand W Legit for bounce?)
(+) Support at Falling Wedge pattern, weak(?)
Conclusion:
PA ≈ Volume --> Legit move (down)
Price Tgt #1: $3.51 (High) SL: $2.9 (17%)
Price Tgt #2: $3.00 (Low) SL: $2.48 (17%)
Price Tgt #3: Break Trendline + Confirmation
Review=
1. Revisit 'old' Daily Demand
2. Break Weakly Demand
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.