The Phases A & B structure and volumes looks to me we are about to enter the to final shakeout and to check the available supply. The eyes now in the volume and if stay low, a low volume uptick, followed further price increase with increasing volume. This uptick is expected to pass 42K, followed by small shake out with lower volume. Should we continue up after this, the pattern is consider to be complete and recovery pass 50k is possible.
This one of my first Wycoff analysis, and happy to receive anytype of feedback on it.
This one of my first Wycoff analysis, and happy to receive anytype of feedback on it.
Trade active:
The dip for final flush of loose supply did not reach the 32k area. The volume remains low and now uptick yet. Still expecting the dip to 32K within 24h of latest before the close of the symmetric triangle. Not updating the chart yet, but waiting for the validation, or invalidation
Trade active:
The dip to $32.xx came a bit later, but it came hitting the LPS as expected.
No looking for higher volume push past $37.
If LPS doesn't hold, the pattern is invalidated.
No looking for higher volume push past $37.
If LPS doesn't hold, the pattern is invalidated.