Possible Wyckoff on ETH 4hr
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Spotted a pattern that reminded me of the out of no where drop that hit back half way through the 2021 bull run where everything crashed around May if I remember right. It was clear as day after, but at the time no one I followed or knew called it in time.
I am not a Wyckoff expert but doing a little mirroring I can find a rough pattern that resembles Wyckoffs example charts. Lets see if it plays out, if it does we would expect some consolidation followed by a rise up into the UTAD test area making a new but brief local high.
Would expect further downside after that as well if they wyckoff is validated.
Anyhow, this is NFA. Just another idea that I would like to see if out of pure curiosity plays out.
I am not a Wyckoff expert but doing a little mirroring I can find a rough pattern that resembles Wyckoffs example charts. Lets see if it plays out, if it does we would expect some consolidation followed by a rise up into the UTAD test area making a new but brief local high.
Would expect further downside after that as well if they wyckoff is validated.
Anyhow, this is NFA. Just another idea that I would like to see if out of pure curiosity plays out.
Note
invalidated
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