Expecting Mark Down Phase
Updated
Charles Schwab (SCHW)
Entering Mark Down Phase
Distribution Phase Observations:
-Upthrust (Failure to mark Up)
- Uptrend Line Broken
- Sign of Weakness (Fall Thru Ice)
- RS Negative
- FFI Negative
1st Target: US$42.96
Comments:
Trading risk will be reduced, if entry when price makes an LPSY to retest previous Ice (support-turn-resistance zone)
Risk:
A break about US$53, will falsify the Distribution Set-up.
Entering Mark Down Phase
Distribution Phase Observations:
-Upthrust (Failure to mark Up)
- Uptrend Line Broken
- Sign of Weakness (Fall Thru Ice)
- RS Negative
- FFI Negative
1st Target: US$42.96
Comments:
Trading risk will be reduced, if entry when price makes an LPSY to retest previous Ice (support-turn-resistance zone)
Risk:
A break about US$53, will falsify the Distribution Set-up.
Trade closed: target reached
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