DYDX Finished Phase D of a Wyckoff Accumulation Schematic
DYDX has been in Accumulation since May 2022. The accumulation range-low is 1$, and the accumulation range-high is 2.88$
On November 6th, DYDX moved above the Accumulation range in a Sign of Strength. The price range and increased volume confirm this is genuinely a SoS.
Now, DYDX is a retesting the range high as support in what is called, in Wyckoff terminology, “Back Up the Edge of the Creek” or “Last Point of Support.” A successful retest will lead to the Markup phase.
The train is about to leave the station.
NFA.
What do you think? Please share in the comments.
On November 6th, DYDX moved above the Accumulation range in a Sign of Strength. The price range and increased volume confirm this is genuinely a SoS.
Now, DYDX is a retesting the range high as support in what is called, in Wyckoff terminology, “Back Up the Edge of the Creek” or “Last Point of Support.” A successful retest will lead to the Markup phase.
The train is about to leave the station.
NFA.
What do you think? Please share in the comments.
