Bears can play the Wyckoff hype too... Looks bad ? So does the accumulation one.
Too many people using the wyckoff accumulation pattern in a very wrong way these days.
Maybe they are right, maybe not. If they are, Spring will happen soon as we are squeezed and I will join at almost the same price.
My point here is more that if you are desperately looking for patterns, they will appear to strengthen your bias. Traders need to focus on what they see, and not what they hope, and seize opportunities
d.stockcharts.com/sc...wyss-02-markdown.png
Note : I don't think we are in a Wyckoff accumulation yet, not do I give a lot of credit to this Wyckoff distribution either. Just warning people of false hopes
Too many people using the wyckoff accumulation pattern in a very wrong way these days.
Maybe they are right, maybe not. If they are, Spring will happen soon as we are squeezed and I will join at almost the same price.
My point here is more that if you are desperately looking for patterns, they will appear to strengthen your bias. Traders need to focus on what they see, and not what they hope, and seize opportunities
d.stockcharts.com/sc...wyss-02-markdown.png
Note : I don't think we are in a Wyckoff accumulation yet, not do I give a lot of credit to this Wyckoff distribution either. Just warning people of false hopes