CXO

Summary

Previous zigs and zags bouced off the zag zone (good sign of continuation), next push up and back down did NOT buy off the zag zone and just fell thought
Break support for two reasons - grab liquidity or continue the trend. If it broke up and right back down this would most likely NOT be to continue the trend
Exhaustion gap filled quickly
Gapped into bearish divergence on the RSI
Price made a new high but OBV didn't make a new high