$ONDS is trying to carve out a bottom. Why? Here's a freebie using my Meridian system. 1) Panel 2 FORCE is flipping bullish again (early). 2) Panel 3 TIDE is trying to flatten and slope upwards again. What needs to happen to confirm a bottom? 1) Price needs to reclaim the strongest positioning shelf + the band confluence from $7.70 to $9.00. 2) A North Star entry signal needs to fire again (the latest exit signal fired at $10). 3) TIDE needs to cross back above the anchor line. 4) COMPASS Smart Money index (panel 4) needs to increase again. Simple, effective, uniform framework with reliable levels and clear conditions that have to be met.
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