Hi,
I think this bottom resembles a typical Wyckoff distribution. We should spring from the new accumulation range.
Terms:
PS = Preliminary Support
SC= Selling Climax
AR= Automatic Rally
ST = Second Test
I believe the lack of volatility we've seen over the past week is caused by large buyers accumulating their positions for the next pump.
We should be in Phase D or the price increase part of the cycle:)
I think this bottom resembles a typical Wyckoff distribution. We should spring from the new accumulation range.
Terms:
PS = Preliminary Support
SC= Selling Climax
AR= Automatic Rally
ST = Second Test
I believe the lack of volatility we've seen over the past week is caused by large buyers accumulating their positions for the next pump.
We should be in Phase D or the price increase part of the cycle:)
Comment:
Well that's our first break from the accumulation!!!! Should be new highs in the next week
Comment:
We've pulled back to a bottom. Big buyers started at the dashed line. I believe this will be defended.
