M_M - Possible range breakdown

14 במרץ 2023

I've tried to explain the lifecycle of M&M chart with different phases it has gone through, currently weekly candle has a possibility of breaking down a range which is formed at top and it could be a signal of distribution and stock entering into another consolidation/negative phase. Overall chart is showing weakness as of now

There is no buy or sell reco in this chart but is made only for learning purpose.