Distribution TR?
- Diverging volume (only converging with price rise during reactionary bounce through TR's EQ)
- Overall decreasing volume and candle spread
- RSI falling through support
- Stoch RSI double top in overbought and will print bearish cross if price settles here or lower for the week
- Current doji candle may be signalling an imminent reversal
- Price falling through blue C-Fork (Chuvashov Fork) support should indicate upcoming series of lower highs.
- Failure of HVN at $2650 to hold should mark end of market distribution and further movement into markdown.
- Diverging volume (only converging with price rise during reactionary bounce through TR's EQ)
- Overall decreasing volume and candle spread
- RSI falling through support
- Stoch RSI double top in overbought and will print bearish cross if price settles here or lower for the week
- Current doji candle may be signalling an imminent reversal
- Price falling through blue C-Fork (Chuvashov Fork) support should indicate upcoming series of lower highs.
- Failure of HVN at $2650 to hold should mark end of market distribution and further movement into markdown.
