RE: Chart analysis4 Jan 2026 15:26
ā
What msuk.int post gets right (as per AI)
1. āStill no COC (Change of Character)ā
ā Correct
After the spike (AugāSep), price made a lower high and then rolled over.
No higher high / higher low structure has formed yet.
So, from a market-structure perspective, no confirmed trend reversal.
2. āVolumes remain lowā
ā Correct
The huge volume came on the spike.
Since then, volume has tailed off significantly.
That suggests distribution / lack of fresh demand, not accumulation.
3. āIn the supply zoneā
ā Correct
The Ā£6āĀ£7 area aligns with:
Prior consolidation
Breakdown area after the spike
This is a classic overhead supply zone where sellers previously stepped in.
4. āStill under 50 EMA on higher timeframeā
ā Correct
Price is below the 50 EMA (blue line on Yahoo).
On daily/weekly terms, that keeps the trend technically bearish.
5. āStill weakā
ā Fair summary
Momentum has cooled
EMAs are flattening / curling down
No impulsive bullish candles
6. āAll prints are built into priceā
ā Conceptually correct
The spike + retrace reflects known news / speculation
Without new volume or RNS, price is unlikely to move meaningfully
ā ļø Where the post is a bit too dismissive
āNo complications requiredā
This is mostly fine, butā¦
š The chart is stabilising, not collapsing.
Price is holding above the 200 EMA / long-term mean.
Volatility has compressed ā often a pre-move condition, though direction is unknown.
So itās not strong, but itās also not breaking down aggressively.
šÆ Balanced technical takeaway (best view)
Bias: Neutral ā slightly bearish
Trend: Still corrective, not reversed
Bullish confirmation would require:
Break and hold above 50 EMA
Volume expansion
Clear higher low
Until then:
This is a āwait-for-confirmationā chart, not a buy-the-dip chart.
Question to you intelligent folks - Problem is that if we wait-for-confirmation of the "red dot", will it then not be too late?