Reaccumulation Schematic
Wyckoff schematics come in many different forms but originate from a basis of 3 other schematics: distribution, accumulation, and reaccumulation. Reaccumulation patterns consist of many creeks and channels. As you may see here, the minor creek has been broken with a lot of volume. Then, after a big jump--wide spread and high volume-- we saw another break of the major creek creating a major sign of strength. This momentum was enough to confirm a breakout and create an LPS to add to a profitable position. The LPS is shown here in the circle. It is hard to see on a 15 min time frame, but it does exist there for a perfect low risk entry.
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