Long
DREP.UST (Y21.P2.E1). Macro.1st Phase of Wyckoff
Hi Traders,
DREP had a nice rally and peaked with a 40% pullback which usually gives a nice bounce or rally falling short from its previous high (now expecting)
This tends to be the hallmarks of a Wyckoff Distribution or Re-accumulation structure.
For now it can be a break out from a wedge or take form of an inverse H & S.
Its very unlikely that we can have a deep pullback but more so, a ranging price action in this box in the coming weeks.
All the best,
S.SAri
DREP had a nice rally and peaked with a 40% pullback which usually gives a nice bounce or rally falling short from its previous high (now expecting)
This tends to be the hallmarks of a Wyckoff Distribution or Re-accumulation structure.
For now it can be a break out from a wedge or take form of an inverse H & S.
Its very unlikely that we can have a deep pullback but more so, a ranging price action in this box in the coming weeks.
All the best,
S.SAri
Note
resistance level is clear...so a breakout trade or pullback for an inverse H&SNote
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.