An LPSY (Last Point of Supply) is one of the more reliable of Wyckoff entries. It also offers one of the best R:R ratios of all Wyckoff entries. We have had one false attempt to reverse at the SP (Spring), followed by a SOS (Sign of Strength). Now we have a second attempt at a reversal, generally the last in the form of a TSO (Terminal Shakeout), followed by a pullback to major support where there is one earlier attempt at a reversal, which was followed by a gap up to new highs that has been subsequently trading in a range above major support. This long trading range is a good example of the Wyckoff principle of "Cause and Effect", which is really just another way of saying contraction leads to expansion (energy builds up in the form of mass accumulation prior to a major breakout). This trade offers a 1:2.85 immediate R:R ratio, with a clear stop level, that if violated quickly tells us if we are wrong. Plus, their is further significant upside potential (as high as $160) if we can re-test and break the current resistance level (AKA Creek), which is where our immediate take profit is set. Good trading all.