For some while now, we've seen ZSL making it way down, but for the past 460 days, institutions have been accumulating their orders and looking to take the asset up.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulating, institutions gave us a nice shakeout/spring which also produced huge volume, before the rally that produced our SOS(sign of strength)
In this setup, we have volume aligning with our accumulation schematic, which makes it a good justification to enter long into the asset.
Furthermore, according to Richard Wyckoff; the number of hours/days/weeks it took for an asset to accumulate will most times determine it's explosive moves.
I hope this helps someone.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulating, institutions gave us a nice shakeout/spring which also produced huge volume, before the rally that produced our SOS(sign of strength)
In this setup, we have volume aligning with our accumulation schematic, which makes it a good justification to enter long into the asset.
Furthermore, according to Richard Wyckoff; the number of hours/days/weeks it took for an asset to accumulate will most times determine it's explosive moves.
I hope this helps someone.