XOM - Daily Analysis
A. Slowing of uptrend in to prior swing high - Creation of chop - General consensus about appropriate price created.
B. Swing high up to lows of congestion zone.
C. Congestion at point of resistance w/ very high volume on small candles on breakout.
D. Shortest band of selling in the day with retracement to resistance and then another rebound off of support.
B. Swing high up to lows of congestion zone.
C. Congestion at point of resistance w/ very high volume on small candles on breakout.
D. Shortest band of selling in the day with retracement to resistance and then another rebound off of support.
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