This is solely for educational purpose.
Waiting for a shift in the market for a bearish move that will create the "Test".
Then, we can for a bullish move after the "Test" is confirmed.
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This is solely for educational purposes.
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My very first video analysis on TradingView. No editting.
Mixed up the ST(B} support which I called consolidation in the video.
Hope to give the community better video and more in-depth analysis...
This is for educational purposes only
Wyckoff Accumulative Schematic forming -- anticipating a "TEST".
If this works out, we can look for entry at the LPS that is if you did not buy at the TEST. Look for your entry confirmations/criteria
However, if the price breaks the SPRING.
Then the IMBALANCE might be filled and probably the DAILY OB will be...
This is for educational purposes.
The price action started with an accumulative move which initially had a SPRING or what I call FALSE SPRING (ON HINDSIGHT; though the false spring gave us good profit as well).
I am currently short biased based on the distributive schematic shown by price action.
I have identified a POI which might serve as an entry...
This is for educational purposes. Taking a trade base on this analysis is strictly at your own risk.
Now the price is at the third touch of the bearish daily trend line which induces retailers to sell. However, I am anticipating that the algorithm will make an inducive bearish move before spiking up to the 1911.500 zones to takeout the sell-side liquidity....