WILL CRESCENDO CONT ITS MARK UP?
Updated
This is a continuation from previous analysis of Crescendo (Refer Link Below)
As price Tightening Approaching the Creek, Supply seems to shrink.
All these occurs in the background of High /Huge Vol of Supply
PRobably this is An Absorption which is on going
(Hallmark of Absroption)
I am a bit concern with the Bar & its Vol on (Black Arrow) :
1/ 12 jun 24
2/ 28 Jun 24
- So far, demand still not showing interest overcoming these area
In view of that, i let the market to prove me wrong
Position initiated as attached
Pure Wycoff, Anything can happen
As price Tightening Approaching the Creek, Supply seems to shrink.
All these occurs in the background of High /Huge Vol of Supply
PRobably this is An Absorption which is on going
(Hallmark of Absroption)
I am a bit concern with the Bar & its Vol on (Black Arrow) :
1/ 12 jun 24
2/ 28 Jun 24
- So far, demand still not showing interest overcoming these area
In view of that, i let the market to prove me wrong
Position initiated as attached
Pure Wycoff, Anything can happen
Trade active
added position @ 3.84 todayTrade active
added position @ 3.98 todayTrade closed: target reached
Sold fully, profit taken @ 4.27 today
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