This is a follow-up on an idea that I published at the beggining of december 2018 (www.tradingview.com/...his-one-The-Wyckoff/)
I still think this is valid and we are now at the beggining of phase C of the Wyckoff accumulation (imgur.com/a/M57LYxc)
We are creeping up against the resistance but will eventually fail. We currently have a bullish sentiment and a long/short ratio that is increasing. This will provide liquidity on the way down.
Target is between 2600-2800$. If this scenario plays out and heavy selling ensue once we break support, we may have to move our target downward.
Good luck.
I still think this is valid and we are now at the beggining of phase C of the Wyckoff accumulation (imgur.com/a/M57LYxc)
We are creeping up against the resistance but will eventually fail. We currently have a bullish sentiment and a long/short ratio that is increasing. This will provide liquidity on the way down.
Target is between 2600-2800$. If this scenario plays out and heavy selling ensue once we break support, we may have to move our target downward.
Good luck.
Comment:
The target:
Comment:
Relief rally is about to start. Closed the short and going to reopen at about 3800$