The chart is very descriptive,You can see the start of selling to the herd on the left at point A.
Point B is the confirmation forming an up thrust bar with high , this is big money selling to the herd.
And this confirms the stock is weak.
The stock then drops in a and changed behavior below the EMA's
Notice at point A the low of this wide range bar will act as a resistance because of the high combined with it.
Today at point C the stock tagged that low from below, and closes as a no demand bar (narrow spread, close in the mid up bar with low ) there is no chance to break above the low of point A with such low .
The stock now in a down trend with weakness in the back ground from A and B.
The no demand at C confirms a very strong sell signal in such conditions.
The trigger is below the swing low, so I still wait for the trigger.
the stock made a push today I know, but the stock is weak and will come back, This is a daily trade so you have to wait until low break out.