- SNXUSDT was bounded in the ( FW ) pattern.
- A pattern is a reversal pattern.
- A to be precise.
- Price brokeout above the falling wedge's resistance.
- The market is consolidating in a rectangular pattern.
- This rectangular pattern consolidation is known as the accumulation phase (wyckoff method).
- The accumulation phase is a pre uptrend phase ( build up).
BUY ENTRY ⬆️
- Breakout above the accumulation phase horizontal .
- Horizontal (R1).
- Horizontal (R2).
- Horizontal (R3).
SETUP INVALIDATION ❌
- Breakdown below the accumulation phase horizontal .
- This breakdown invalidation will probably lead to the retest of the falling wedge's support.