Buyers attempt to break out of the recent multi-day balance area was firmly rejected, marked by a double distribution outside day to the downside, effectively filling the gap at 5274.25.
Lovely traverse after cleaning up the unfinished business. The bottom line is that we are basically still within the upper distribution from the previous week, which keeps buyers out of trouble.
From the Weekly Plan: "The less bullish response would involve filling the gap at 5274.25, but rejecting the lower distribution."
Thanks Smash! Finally some downside action!
Lovely traverse after cleaning up the unfinished business. The bottom line is that we are basically still within the upper distribution from the previous week, which keeps buyers out of trouble.
From the Weekly Plan: "The less bullish response would involve filling the gap at 5274.25, but rejecting the lower distribution."
Absolutely, sellers need to keep going or we traverse back haha
Yeah, that confluence was welcoming!