$RSR Wyckoff Schematic - Full Return
To validate, youd want to see a reclaim of 0.004 and a checkback to confirm the break into the range is now being supported. Then youll typically get the sign of strength in short order, an impulsive move to 0.009 before you could expect a high and tight consolidation for the partial decline move / bu
This could present itself as a checkback at the prior supply zone or support. The partial decline would confirm with a retest of the range high, with the expectation thereafter of a breakout of the range and expansion phase into fib extension levels.
The liquidity dots are meant to represent path of travel when a level is reclaimed, or lost, and id consider each level a partial take profit opportunity, or zone you may expect to see consolidation / checkback after breaking out.
Dont let the operator fool you, he'll often over shoot these levels and then mean revert as a way of trapping traders in both directions.
The parabolic log curve is meant to act as a representation of time / mean reversion, alongside the initial trend. While an accelerating asset will steepen its trend, its often a good gauge of fair market value, and potential targets on corrective phases.
This could present itself as a checkback at the prior supply zone or support. The partial decline would confirm with a retest of the range high, with the expectation thereafter of a breakout of the range and expansion phase into fib extension levels.
The liquidity dots are meant to represent path of travel when a level is reclaimed, or lost, and id consider each level a partial take profit opportunity, or zone you may expect to see consolidation / checkback after breaking out.
Dont let the operator fool you, he'll often over shoot these levels and then mean revert as a way of trapping traders in both directions.
The parabolic log curve is meant to act as a representation of time / mean reversion, alongside the initial trend. While an accelerating asset will steepen its trend, its often a good gauge of fair market value, and potential targets on corrective phases.