EDELWEISS
a gross mistake made in the prior post…
which i considered to be an accumualtion , i was looking some where else, focussing more on the activities that happened at the support which seemed like absorption , but totally failed the weaning demand at the top, post result day, i realized this is going to be a bearish kicker pattern that is forming, i booked out, stunned at the events…
the results were per se not bad, and the long term fundamentals still on track…
now with the price action in the over sold zone, when i look back it was distribution all along…
entering into phase d from phase c…
there is a possibility of a bounce considering these oversold conditions…
which according to wyckoff schematics, should generate the last point of supply, before markdown…
disclaimer… exited positions post q1 result trading day… not interested any more