PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move.
- Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom.
- Often price will close well off the low in an SC , reflecting the buying by these large interests.
AR—Automatic Rally, which occurs because intense selling pressure has greatly decline.
- A wave of buying easily pushes prices up.
- The high of this rally will help define the upper boundary of an accumulation.
ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand.
- If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC .
- It is common to have multiple STs after an SC .
LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS.
BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume .
SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume .
- GME is in a Wyckoff Accumulation Pattern
- Latest drop indicates a Bear Trap setting up GME for new ATHs
- Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom.
- Often price will close well off the low in an SC , reflecting the buying by these large interests.
AR—Automatic Rally, which occurs because intense selling pressure has greatly decline.
- A wave of buying easily pushes prices up.
- The high of this rally will help define the upper boundary of an accumulation.
ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand.
- If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC .
- It is common to have multiple STs after an SC .
LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS.
BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume .
SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume .
- GME is in a Wyckoff Accumulation Pattern
- Latest drop indicates a Bear Trap setting up GME for new ATHs