wyckoff chart is hopium, peter l brandt and tone vays expect slow decline to 3k and multi-year bear, only that is true, everything else is false
you will see they will be 100% right, all bulls will cry very soon when we dump bigly soon...
daniel.blenkey
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@MonocoleDundee, hardly, ever heard of stop losses? I'll switch bear if it's invalidated
daniel.blenkey
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6 and 7-through to the end of Phase B: SOS (sign of strength) Major Creek!... Upper branch, The jump of the major creek is a larger move and it very often carries the price above the old supply levels in the T/R often into new high ground. This is confirmed as a Backup to the edge of the creek (BEC) as it coincides with a previous last points of support ( 5 and 1)
8: #3 SPRING: #3 Spring is evidenced by lack of a INCREASE in the general level of trading. Any INCREASE in volume if at all is very, very MINOR. And there is a lack of IMPORTANT PRICE WEAKNESS as it goes into NEW LOW GROUND and the SPREAD does NOT materially WIDEN. Small supply and HEAVY DEMAND a #3 spring.
Springs can be preceded by at least Minor and often intermediate distribution which is far more likely to occur in stocks which are in mojor and sustained downtrends then they are to occur in uptrends.
Low volume on break of support at the spring, indicates that the way is clear for a sustained advance.
9: "Bulltrap". Automatic Technical rally, following spring below support. Too fast too quick, Technical retrace before Test and Reversal stages
10: Sign of strength following test, advance in price on increasing volume
10+... Cross or Jump the creek next??? rally above the creek tops trendline. This jump or crossing will be a Sign Of Strength (SOS). Now where is the creek? After much searching for the answer to this question Applying this to the market, the CREEK cross/jump is WHERE the VOLUME CAME IN, where the EFFORT, the PUSH, the POWER came in.... Volume is now increasing after a decrease from december
subjock
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most likely that the spring of phase C has not yet arrived.
daniel.blenkey
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@subjock, that really is a possibility, will rechart, and classify said spring if that occurs
daniel.blenkey
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@subjock, well no, the spring must breach the Selling climax support to be a spring, which it did. though it does not have to follow the accumulation trading range anatomy perfectly
daniel.blenkey
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8 SPRING: Low volume on break of support at the spring, indicates that the way is clear for a sustained advance.
9: "Bulltrap". Automatic rally, following spring below support. Too fast too quick, Technical retrace before Test and Reversal stages
10: Sign of strength following test, advance in price on increasing volume
you will see they will be 100% right, all bulls will cry very soon when we dump bigly soon...