TEL (BVB) – Key signal at resistanceC.N.T.E.E. Transelectrica SABVB_DLY:TELzylvyu66TEL (BVB) – Key signal at resistance At the area marked by the black arrow (~89–90), we see: High volume spike Very small candle (doji / indecision) This combination is not neutral in context. After a completed impulsive move ((5)) and a sequence of lower highs, price tests former support turned resistance — but fails to advance despite strong participation. 👉 Interpretation: Absorption on the rebound = likely distribution Large players are using liquidity to exit, not accumulate. What matters next: Failure to break above 90 → bearish continuation Break below 88 → confirms downside leg (C) Only a strong reclaim above 92 invalidates this view Conclusion: High volume + doji at resistance suggests inefficient buying pressure → bearish bias in the short term.