Based on the Weekly chart and using the Weinstein Stage Analysis, the asset is currently in Stage 1 (Base/Accumulation).
Upon closer inspection, a classic Wyckoff Accumulation pattern is unfolding.
The price action is now in the decisive Final Phase of the Wyckoff model. The Sign of Strength (SOS) has already occurred, and the pattern is currently testing the Last Point of Support (LPS).
Upon closer inspection, a classic Wyckoff Accumulation pattern is unfolding.
The price action is now in the decisive Final Phase of the Wyckoff model. The Sign of Strength (SOS) has already occurred, and the pattern is currently testing the Last Point of Support (LPS).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.