Robinhood entering accumulation
Updated
I see 
HOOD ending its distribution cycle, thus of course entering accumulation cycle. I see a V shape recovery taking place making its way near the 18.5 level indicated by the orange line. I believe Hood is general, has found its bottom, and prepping for a recovery upwards. I will be watching to break the local downtrend in yellow, making a move out of the global down trend in blue, respecting the blue up trend to make its way towards the key level.HOOD
HOOD ending its distribution cycle, thus of course entering accumulation cycle. I see a V shape recovery taking place making its way near the 18.5 level indicated by the orange line. I believe Hood is general, has found its bottom, and prepping for a recovery upwards. I will be watching to break the local downtrend in yellow, making a move out of the global down trend in blue, respecting the blue up trend to make its way towards the key level.HOODNote
As you all can see I was completely wrong, the important thing is to go back and understand why you were wrong. We do see our previous support become resistance, nothing new but a great example. Oh well, the risk/reward of catching a falling knife!
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