UnknownUnicorn2405278

UnknownUnicorn2405278

Wyckoff Accumulation Cycle phase just after Markdown phase earlier on the 1h time frame? A classic Wyckoff Spring was formed denoted by the second of the two green arrows. These two reversals can indicate two selling climaxes especially on the second climax indicating a Wyckoff Spring. This may hint at accumulation. Looking at the market structure, price is...

UnknownUnicorn2405278 Updated 

Would probably short hopefully as close as possible to $7,400 or wait until confirmation of breakout of the bear flag. With a stop loss above $7,450. Profit target would possibly be around $7,050-7,100. Edit: There is a bearish divergence with the money flow index further aiding the case of the bear flag succeeding and hitting the target. Thanks for reading my...