Text and pattern copied from the link, all I did was to apply it to the chart.
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is...
I was posting an idea days ago about Wyckoff accumulation, but since the spring was dropping way harder than I expected, I started to consider another mid-term scenario.
Looking at how aggressive the drops have been lately, the chances are big that we'll make a drop of 75%~ over a mid-long-term just like the waterfalls from 2008 and 2008, a lot of noise will be...
Once again, fractals always re-occur.
The green line is a Wyckoff structure from 2014 Nov. (and not 2015 April as I stated in the chart)
Downscaled and resized, still, a fractal is a fractal.
Hope you enjoyed this visually.
Hi folks, this is my first time posting an idea/"short" analysis publicly, hope you'll enjoy it
This is the chart from SP500, I mirrored 2007 financial crisis structure, unedited, raw and pure, pasted it below our chart, checked the fractals/similarity, and it's deadly alike.
With the somewhat positive sentiment from OPEC...