Accumulation Patterns - very bullish background Coterra Energy
Assessing the market according to the wyckoff method, we see a classic accumulation in the attached chart.
1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power.
833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings divided by 100k (ex on chart 833 = 8,330,0000)
742 - The largest buying wave in the system confirms that institutional capital has been pumped in.
A very interesting last candle suggesting that there is still an upsell and most likely we are dealing with the absorption of short selling by professionals
Value with a large potential range of growth
Indicators used: Wyckoff Wave Chart
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1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power.
833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings divided by 100k (ex on chart 833 = 8,330,0000)
742 - The largest buying wave in the system confirms that institutional capital has been pumped in.
A very interesting last candle suggesting that there is still an upsell and most likely we are dealing with the absorption of short selling by professionals
Value with a large potential range of growth
Indicators used: Wyckoff Wave Chart
What do you think about this chart?
Follow us for updates!
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