Initial balance basing action never did pick up buying hitchhikers. And the subsequent, predominately below VWAP, price action, triggered a triangle breakout dump lower at 10:30. Usually it's 11:00 for a programmed dump lower like this.
So it was a textbook double distribution day on the profile and price is now nearing the bottom of the multi-month range and a 8 day range.
Range, range on the wall, which way are you going to fall?
I'm on breakout watch for lower tomorrow but the expected response should be a push higher back up into the range.
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