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RJDTC
Feb 27, 2019 8:33 AM

KEY Wyckoff accumulation schematic #2  Long

Description

Maybe going for the long stops just beneath previous low and create a spring from there.
Target is first resistance line

Chart is self-explanatory and follows accumulation schematic 2 of the wyckoff method. See link below for info about Wyckoff
stockcharts.com/articles/wyckoff/2015/07/wyckoff-power-charting-lets-review.html

Comment

altho trendlines aren't very reliable, they can be used to indicate possible upcomming momentum switches. This trendline is now broken, however with lack of volume

Comment

KEY has made the ST in phase B and is now making an ascending triangle on the 4h chart. 14/200 EMA are about to cross bullish which indicates that a momentum shift may be comming.
Comments
AaronX
nice chart :) liked & followed
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