New Monthly Distribution Schematic; 77.7K to 131K to 0
As you can see, the Wyckoff schematic below shows a strong possibility that the 2021 bullrun was simply our Preliminary Supply area.
There is no way of knowing what the exact numbers are, but there is a strong possibility we top way before 150K, and a fair way above 123.6K, which is where the majority of shorts would be placed.
Currently we have a 5 wave structure. This is too easy. As the schematic shows, a Buying Climax liquidates Elliot Wave Bears.
130+ would create some euphoria, and lots buying the dip all the way down.
There is no way of knowing what the exact numbers are, but there is a strong possibility we top way before 150K, and a fair way above 123.6K, which is where the majority of shorts would be placed.
Currently we have a 5 wave structure. This is too easy. As the schematic shows, a Buying Climax liquidates Elliot Wave Bears.
130+ would create some euphoria, and lots buying the dip all the way down.
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.
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.