citigroup completed wyckoff accumulation - ready for take off
Updated
citigroup is showing all major signs of having completed wyckoff accumulation near bottom since 2009. it has been in congestion for more than a decade now and has failed to make a new low over more than a decade. currently it is reversing strongly from the bottom of the trading range. next ten years could see it reach 500 again (10x potential)
Note
money.cnn.com/quote/shareholders/shareholders.html?symb=C&subView=institutionalInstitutional investors purchased a net $4.2 million shares of C during the quarter ended June 2019 and now own 74.68% of the total shares outstanding. This majority interest is a greater percentage than is typical for companies in the Financial Conglomerates industry and highlights that the smart money sees this stock as an important holding.
Trade active
we are completely on track. rest of the year citi should rally hard if analysis is correct. we have completed waves 1 and 2, and also subwave 1 and 2 of wave 3. now we should enter the strongest part of rally which is subwave 3 of wave 3. the rally must be strong. If the rally is weak then we know there is an issue with analysis and there is more correction to play before the strong part of rally
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