Hey guys, today I went to the higher timeframes to really depict what's happening in this market longer term so that I can understand what my bias needs to be and what it needs to follow when I do enter the lower timeframes.
We can see that we had a clear pullback in the market where we came to Accumulate and start the next Bullish impulse higher. This impulse has been moving with crazy amounts of volume which is evident by the lack of pullbacks and correctional waves.
What we have been delivered is a re-accumulation which is used when the institutions would like to bring more demand into the market without having to create an entire pullback. Given the volume to the upside, I will be looking to get involved in long entries throughout the week in order to capitalise on this volatility in. the market.
I really love to implement my understanding of My. Richard Wyckoff's finding and concepts into my analysis because it helps me to predict the next movements. This is now where I will drop to the 15-Min or 1-Hour to find entries on market open through simple SSC or even ICI's
We can see that we had a clear pullback in the market where we came to Accumulate and start the next Bullish impulse higher. This impulse has been moving with crazy amounts of volume which is evident by the lack of pullbacks and correctional waves.
What we have been delivered is a re-accumulation which is used when the institutions would like to bring more demand into the market without having to create an entire pullback. Given the volume to the upside, I will be looking to get involved in long entries throughout the week in order to capitalise on this volatility in. the market.
I really love to implement my understanding of My. Richard Wyckoff's finding and concepts into my analysis because it helps me to predict the next movements. This is now where I will drop to the 15-Min or 1-Hour to find entries on market open through simple SSC or even ICI's