TOTAL - One Day We'll Have "Good" News But Not Today
As requested
Its a good moment to look at TOTAL.
Price broke up from the Supply Trendline which is the perimeter of the re-distribution downtrend.
And we wondered if there might be an ALT rally.
But unfortunately price has rejected from some important landmarks:
Price will most likely trickle down from here, perhaps with bounces - but it doesn't look good for potential bullish price action.
...
If this is the retracement top then good chance it completes the B wave an ABC from the top.
And this topping area will become another re-distribution.
None of this is good for potential ALT rallies.
We'll see how ALT charts look after this rejection over the next few days.
Not advice.
Its a good moment to look at TOTAL.
Price broke up from the Supply Trendline which is the perimeter of the re-distribution downtrend.
And we wondered if there might be an ALT rally.
But unfortunately price has rejected from some important landmarks:
- Price pierced a fast shooting star through distribution area resistance.
- Price faked through and rejected from 200ma so it remains in a technical bear market.
Price will most likely trickle down from here, perhaps with bounces - but it doesn't look good for potential bullish price action.
...
If this is the retracement top then good chance it completes the B wave an ABC from the top.
And this topping area will become another re-distribution.
None of this is good for potential ALT rallies.
We'll see how ALT charts look after this rejection over the next few days.
Not advice.
تعليق:
On the Weekly print a bearish looking shooting star.
Next video Saturday 22 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
1:1 ABC.
1:1 fib time.