I had a crack at labelling the phases on this one and initially labelled it as reaccumulation however while studying it I saw repeated weakness after the BCX when the only bar to close above it reversed the next day, definately a supply zone, this was followed by the upthrust and then from what I could tell a lack of demand and drift lower till a small spring of what I've labelled as AR kicked off what looks to me like a final test of Supply in the UTAD setting a lower high before breaking below the TR where what looks like a nice shakeout that I've labelled as a SOW reaction setting a lower low, potential weakness, if this is a SOW confirmation will be found in a test of old support now resistance setting a LPSY before Phase E, Markdown outside Trading Range.
Not completely confident in what I'm seeing as that shakeout appears shows some strength but could simply be some swing traders, following action will be interesting and completely happy to be wrong here as still learning, P.S. I know nothing regarding the FA but now tempted to have a look
Cheers HF
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I had a crack at labelling the phases on this one and initially...
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