We have managed to break the PS-AR range and are showing signs of a potential SOS before a mark up. Volume has slowly been increasing on the advance, and now we are prepped to put in another LPS on diminished volume, as per the schematic. RSI is steadily trending in the bullish control zone.
Given the nature of this price action, we could be seeing a quick thrust to 56.5k on the mark up, much like the drop following the break of 43.6k > 30k.
Given the nature of this price action, we could be seeing a quick thrust to 56.5k on the mark up, much like the drop following the break of 43.6k > 30k.
Comment:
This idea is following on from previous study:
Comment:
Phase E breakout?
Comment:
Good lawd we're close to 56.5. That would make a complete measured price target for Wyckoff schematic 1. Above there and we should be off to the races.
Trade closed: target reached:
Ding ding ding! Target for Phase E markup.. COMPLETE
