Long

Wyckoff accumulation idea

Updated

Still new to this, but for now seems like we are following a Wyckoff accumulation. Confirmed Phase A, looking to reach Phase B levels.

Note

Just notice I'm missing the initial PS point...this could be either on the 48k level or around 44k, the current rally will likely determine the level.

Note

Although the phase B is prolonged, the structure stands, we will have a high point in Phase B and then a substantial crash. This could play out through the summer.

Note

The move to the 28.5k could have been the ST(B) labeled on the chart, from here we are looking for another jump to the upside, and possibly another test of the low levels to initiate phase C.

forthescoopJ

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