The landscape has changed a little and brought the Symmetrical Triangle very much into play, so now looking for that elusive Spring? Target 1 (Diamond Half Staff) : $5716 Target 2 (Symmetrical Triangle) : $4400
This is how the market removes weak people from it's trends. Yes, you can sell now and buy little lower, but is it worth it? Imagine price now is 18k, would you like to go long? lol, that's how i see it if you short it now
zippy1day
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@G1979, Agree if you missed the short opportunity early this year which I did for personal reasons ~ no point now as easily get REKT
I am confused, where are you saying it is going after a bounce at 5716?
zippy1day
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@Dubcor3, It is possible but like you I don't have a crystal ball unfortunately ~ this figure is the minimum target for the Diamond Pattern and the lower target $4400 for the big Symmetrical Triangle so we will have to wait and see!
NB : I have noticed recently somebody or some people are pre-empting my targets!
Brunano
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Hello good morning, for me the Wyckoff Methodology without Volume represents nothing, since this is the basic principle.
I'm sorry but I think it's not representing well.
zippy1day
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@Brunano, A low volume sell off culminating in a Spring now would validate this Wyckoff see previous schematics!