After a precipitous drop from the IPO highs set in March 2017, SNAP shows signs of intelligent accumulation between $12 and $17, starting in July/August 2017. A selling climax, automatic rally, and secondary test completed Phase A. The secondary test was successful, as it made a higher low relative to the selling climax on lower volume . The following rally was...
Over the last 3 years, EURUSD has undergone a classic Wyckoff method accumulation, starting with a selling climax in early 2015, and ending with a Sign of Strength and Backing Up Action in the second half of 2017. The Mark Up phase is well underway, and horizontal Point and Figure counts that span the width of the accumulation point to the potential for new highs...
