ZNGA: accumulation is over?

853 6 3
I'm in study of Richard Wyckoff's trading method. This chart is how I understand his doctrine.
I may be wrong, so you are free to critic and comment.
do you still think we go higher before lower ??
ramek 24SevenCharts
I don't know, let's see how it goes. Is I see ZNGA is in up trend. It makes higher highs and higher lows. I don't see any significant selling. According to Richard Wyckoff up trend should continue until Smart Money starts distributing the stock. I don't see that. May be 11.03 bar was a preliminary supply.
3.00 mark may also catch some attention before breaking down further seems price was congested there some time.
ramek OptnTradr
So you think, ZNGA must go down to 3$ and lower?
No, If does travel lower it 3.00 will be a key line in the sand honestly right now looks like it setting up for cup and handle rounding bottom break out pull back watch for another break out.
Forgot to mention:
in this accumulation each up move becomes little faster, and down moves become slower and take more time. That is also a sign of strength.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out