We shall follow this study in 7 steps (see chart numbers)
1) Triple sell signal activated, short term average goes below a declining wave.
2) 5 day average is below the 200 day average. (Major sell)
3) Gap up is not followed by high volume ........warning .......
4) Price reverses right at the 200 day average and in the same time, the middle line of the wave crosses below the LT average.
5) Level 1 buy signal goes into a sell signal , you get a GVN action right after (Gap, Volume, and News).
6) Fake move ; and the short term average does not even enter level 1 (lower band of the wave).
7) Another GVN action ; main problem is still the downtrending wave .....as long as we remain inside the wave .....and move above 28 ; in a few weeks , I will be more bullish.
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