axanthics6770

axanthics6770 Updated 

This phase is complete with the breakout (JAC) with the follow up confirmation (BUEC). Now we watch follow through price action!

axanthics6770 Updated 

As a follow up from yesterday in this re-accumulation pattern, it appears that the shakeout has occurred, hitting both a support line and demand line intersecting at $29,900. Then, a secondary test of the supply line occurred. We will wait for the breakout (JAC) and backtest (BUEC) confirmation to happen above the fib extension mentioned yesterday before...

axanthics6770 Updated 

Given this Wyckoff automatic reaction (over $8K selloff) to the buying climate (breaking ATH), I anticipate that we'll cool off during this re-accumulation phase for a while.

axanthics6770 Updated 

A few days back we saw the AR (Automatic Reaction) for this phase of re-accumulation, testing support at $24,165 from a BC (Buying Climax) of $33,253. Now we have progressed through the next phase including an (UT) Upward Thrust testing resistance at $34,616 and minor Sign of Weakness finding support at $27,942. It appears that eventually during this...