BREAKOUT AFTER BACK UP ACTION SUGGEST COMPLETION OF ACCUMULATION AND FURTHER ADVANCE
Wyckoff Story
Long-term price structure of higher highs and higher lows suggest accumulation
Breakout in Phase D confirms accumulation
Absorption bar #1 and #2 has supply followed by successful tests
Absorption bar #2 has less supply than Absorption bar #1 and it happened at higher price confirming absorption story, bullish bias and timing
Relative strength got into uptrend
Trading Target
$36 count line +(27 boxes*3 reversal*$1 box size)=$117
Pattern Confirmation:
Continuation of rally
Wyckoff Story
Long-term price structure of higher highs and higher lows suggest accumulation
Breakout in Phase D confirms accumulation
Absorption bar #1 and #2 has supply followed by successful tests
Absorption bar #2 has less supply than Absorption bar #1 and it happened at higher price confirming absorption story, bullish bias and timing
Relative strength got into uptrend
Trading Target
$36 count line +(27 boxes*3 reversal*$1 box size)=$117
Pattern Confirmation:
Continuation of rally
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.