Corn Wycoff. Painted as distribution, but 50/50 really on reaccumulation and posted because i think its pivotal what happens from here. Cyan line shows how a reaccumulation should look from hereonin with the trademark grind to above previous bottoms without retesting tops. No trade on this one, but does look decent wycoff overlay stuff, be interesting to see if/how it plays out. one for the TA perverts.
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This one is done imho. 10k hit, think we should move up from here. Wycoff deffo something i will use going forward as part of a default approach. Maybe we go 9.6-7 and hit that CME gap. Do think we are near bottom here. So all done. Thanks for people liking.
@jackhammer1000, could be not sure tbh. I feel 12200 is pretty strong resistance and it paint. I thinkl if we saw a surge to 14k, this perspective would be cancelled and on our way to 16.
jackhammer1000
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@Swiller, my theory is there is a lot of liquidity up there, I feel if the market makers want everyone bullish this is the way they go, after yesterday retail will be expecting lower prices and to fill that cme gap. I always try to think the opposite of how I would normally trade lol let’s see
Swiller
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@jackhammer1000, wont argue with that. this chart raised a few angry eyebrows when it was painted on a few subs, so inverse market i like.