Long
Wyckoff Accumulation spotted in CPC!
Hi,
I think this bottom resembles a typical Wyckoff distribution. We should spring from the new accumulation range.
Terms:
PS = Preliminary Support
SC= Selling Climax
AR= Automatic Rally
ST = Second Test
I believe the lack of volatility we've seen over the past week is caused by large buyers accumulating their positions for the next pump.
We should be in Phase D or the price increase part of the cycle:)
I think this bottom resembles a typical Wyckoff distribution. We should spring from the new accumulation range.
Terms:
PS = Preliminary Support
SC= Selling Climax
AR= Automatic Rally
ST = Second Test
I believe the lack of volatility we've seen over the past week is caused by large buyers accumulating their positions for the next pump.
We should be in Phase D or the price increase part of the cycle:)
Note
Well that's our first break from the accumulation!!!! Should be new highs in the next weekNote
We've pulled back to a bottom. Big buyers started at the dashed line. I believe this will be defended.
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.