Dpharma 7148 

 

Requested by one of our subs. 

 

Overall prices are in a downtrend with the critical resistance of the 2/1 level tested twice before prices managed to breakout from that level last month. 

 

Prices tried to rally and trying even harder to resume uptrend, however, prices reaches to an area where all hope is loss. The Death Triangle Pattern. In life, while we have the Golden Triangle, we also will have the Death Triangle. Death Triangle is where the bankers would sell most of their positions and perhaps even get out of the game leaving the losing retailers lost at sea. Notice how prices got rejected so hard at that area that the next few candles are also red, at the same time, high outflow of monies are also occuring. 

 

Best if we stay out for now. Wait for a confirmation of re-entries of bankers before we enter ourselves. 

 

Industry: Healthcare.