In the Chart Below note the following:
- OBV/Price Divergence at the peak.
- The final stages of a melt up exhaustive gaps buying splurge, followed byBear Break away & Continuation gaps
- The Aug – Sep 2015 Bull HVF, built up around the Key Level of Significance [KLoS] of $500, Funnel has been run in a clear ‘undoing’ of previous successful bullish patterns continuation series and a clear Bear signal
- Also note Price behaviour & Pegging levels for options at $450, 550, $600
- The previous alluded to HVF provided a $650 target as you expect it to be just run, this was close to a working neckline for what seemed and imperfect Head & Shoulders top which on the OBV was clearly already diverging to a collapse.
Here is the Annotated Chart.
In this clip I mentioned ‘Fangs cant Thrive in a Void’, As other equities spill, and the retail consumer is squeezed.
Here is Amazons latest news on the link below.
FANGS can’t thrive in a void.. of collapse ..AMZN << Click Here <<
The NASDAQ will fold with the other Indices.
Gain a full shift, to your trading…
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