My last chart was a complete disaster.
Even though I pinpointed where the last dip should stop, the bounce was disappointing.
Now, this looks like a classic Wyckoff Acc. Schematic, the only difference I see is the "Creek" not going all the way to the resistance levels.
If it does happen, we should expect a spring any time soon, with an increase in volume and an abrupt pump.
We shall see.
https://cmtassociation.org/wp-content/uploads/2015/11/WyckoffFig66.jpg
Even though I pinpointed where the last dip should stop, the bounce was disappointing.
Now, this looks like a classic Wyckoff Acc. Schematic, the only difference I see is the "Creek" not going all the way to the resistance levels.
If it does happen, we should expect a spring any time soon, with an increase in volume and an abrupt pump.
We shall see.
https://cmtassociation.org/wp-content/uploads/2015/11/WyckoffFig66.jpg
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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.