notmeanymore

notmeanymore

We're in a small accumulation here at the bottom. How we test these points of interests will determine whether we will be seeing another bottom again.

notmeanymore

We look to be in a clear ascending triangle distribution structure. As we approach our final test we should break up above our UT line, before dropping down to (hopefully) find support at the midline from the larger accumulation TR. If the support at 7260 holds...we're heading up for a while...

notmeanymore

Head and shoulder type Wyckoff pattern could possibly play out from this point. I imagine this would wreck a lot of people given that once we break the ~12-13k point the world will go bullish... So, rosy outlook for the shorter term, but yeah...be careful! At least it means we're at the local bottom for now, right?

notmeanymore

An update on my previous chart, still learning but noticing the way the 'fractals' are inside each other, playing out different wyckoff accumulation/distribution + (re) inside and between each other on different timeframes. I felt a bit stumped after seeing we were inside a distribution pattern on the 4hr and wondering how it could work out that we were also in...

notmeanymore Updated 

After becoming more and more convinced that we are following the classic Wyckoff Accumulation #1 schematic, I decided to chart it out properly and came up with what you see above. To give a little more direction I went and added our recent resistance/support lines and based predicted future movements on measured moves from the mirror of our current fractal cup. ...