Setup description:
21 October 2022
14th October opened can be considered as reversal stock opened below 12th October an closed near top with high volume.
From 14-21 October previous day low not broken yet.
On 21 October again stock went above 9 and 21 days with high volume and close near top.
Now we wait for conformation and hope it takes out 200 day with a huge volume too.
Still few days left to confirm
Cons :
Elliott Oscillator made lower. I am not convinced with this setup 100%
21 October 2022
14th October opened can be considered as reversal stock opened below 12th October an closed near top with high volume.
From 14-21 October previous day low not broken yet.
On 21 October again stock went above 9 and 21 days with high volume and close near top.
Now we wait for conformation and hope it takes out 200 day with a huge volume too.
Still few days left to confirm
Cons :
Elliott Oscillator made lower. I am not convinced with this setup 100%