If it is not too much to ask, one noob question - according to you, which are the appropriate time-scales to look for the events and the price action phases?
I think the pattern has resolved unless you expect continued price markup.
Ideally 300 should hold. Time will tell. If Im wrong and this is distribution price can come back to the low at the end of August.
Check out this short video: https://www.youtube.com/watch?v=UN6ioChNsIY#t=2m03s
I do think $300 will hold. We attempted to break it 4 times in 2015 and it was very established resistance, now turned support. The corresponding level in china is even stronger:
I 100% agree the "spring" or failed selloff was that August 24 dump to $192... Then it started moving.
Besides, It's my first Wyckoff attempt. Don't expect me to know everything :)
"Don't expect the market to behave exactly the same way twice. The market is an artist..." R.W.