Get in there people and grab your bag! Re-accumulation before a massive move.
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The re-accumulation low is respected by the inside bar on the H4 time frame. You can expect a retest of this low and possibly a fake out side of the box ($20.518) to liquidate any Long stops that might be under there - $20-18.5 would be a good liquidity zone for me if i were an institution/bank, but going lower is possible as next resistance level is $18.09. When you see the break below it would mean this is the start for the up move, look for good volume to the upside and candle patterns and good break of structure to determine your entry. For me personally i always layer in my positions at levels of strong support. Currently the volume for the bulls look good, but the bears are trying to hold that level down below the 50 fib and stacking up orders which makes me think this is very bullish.
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My limit order has been filled at $18.50. Ill be very surprised if price keeps moving lower beyond $18.5. This has now formed a falling wedge patter, now a small consolidation before a volatile run back up into the box and run up to $22.2 area. I see a possible inversed h&s to give the bulls the push out of the top of the range. viewing this on the H4 tf. Of course price can do all the opposite so good luck to you all. This is not financial advice :)
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This seems to be bottom of the falling wedge with 3 driver pattern in falling wedge to confirm the bullish up move. Not to mention most TF showing bullish divergence.
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Wyckoff accumulation is in progress. Last chance to catch the bottom if you see the 'spring break' good luck!!
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Wyckoff can be seen on th 15M TF.
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wyckoff spring is in at $18.711 on H1 tf. If price breaks past $18.5 then we could be in a distribution, rather than a re-accumulation. then down we go...
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watching for a double bottom to form for the bounce up. The RSI on the 15m tf is one to watch if this plays out. youll want the RSI touch the 30 level on your RSI, it should show bull divergence. Lower tf such 3m you can get yourself a sniper entry.