It looks like the trend is changing in Z, it doesn't mean it's a short, it will more likely change from the former uptrend to a lateral trend or reversal process, as a reminder Z popped up on our radar because of long term , bigger troubles brewing.
The 15 min chart showing accumulation and distribution zones
I expect price to move more sideways as drawn in to the right in green.
The 30 min Trend Channel we were using last week/Friday has stopped out, the channel has held all of stage 2.
The larger trend for a swing type trader, the 60 min has a stop on the close of the candle below the channel, currently at $144.40, it should lock in a little more upside (the Trend Channel) before any stop out.
This is the intraday leading negative divegrence slap-down of the gap up.
We had already seen the base or gas in the tank and that running on fumes with a large leading negative divergence (5 min).
I don't expect there will be much left in the way of trend, maybe some spiky lateral chop, but it's really not worth the risk to me at that point in which it's just luck to get out at one of the spike chops in a lateral range.
UI'd say the easy money has been made here.
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