$RIVER
$RIVER has pushed aggressively into a high volatility zone after a sharp upside expansion, and price is now trading near a clear short term exhaustion area. The recent pump has moved price far from its value zone, and current structure shows signs of distribution rather than continuation. Sellers are beginning to absorb bids near the highs, which increases the probability of a corrective move.
Liquidity has been built above recent highs and the market is struggling to hold acceptance at these elevated levels. Momentum is slowing after the impulsive leg, and repeated failure to extend higher suggests buyers are losing control. As long as price remains below the upper resistance band, downside targets remain active.
EP (Entry Price): $69.10 to $73.00
TP1 (Take Profit): $67.20
TP2 (Take Profit): $63.80
TP3 (Take Profit): $60.00
TP4 (Take Profit): $55.00
SL (Stop Loss): $81.20
The short term trend is overstretched and vulnerable to mean reversion after the recent vertical move. Momentum is fading near the highs, with volatility expanding but follow through strength declining. Price is positioned below heavy sell side liquidity, and a rejection from this zone is likely to drive price back toward lower demand levels.