Wyckoff
Updated
LTF Redistributio?n, or Accumulation? - Volume and reaction to horizontal line will give us the answer.
Watching now very closely as IMO this could give us clues to a more Macro PA going forward.
Watching now very closely as IMO this could give us clues to a more Macro PA going forward.
Trade active
decision time 1; push to a local HH and mark-up - target 29-30k
however, current low volume would normally mean a failed drive (cant trust a low volume weekend PA)
2; failure and redistribution confirmed, markdown , targeting 25-25.5k
Trade active
Could just keep on pumping, but ideally would like a test of blue horizontal now.Note
possibly a hard test of previous resistance turned support. reclaim and off it goes, or bearish test and we go alot lower. position dependant on test (if it happens at all - LTF)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.