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