For JGP, This is a Typical Rising Bottom (Schematic #2 of Accumulation)
Few reasons, should be pointed out :
1/ Based on Comparative Analysis, JPG somehow shows interest from the CO (JPG did HH HL, While General Market did HL LL)
-- This is a sweet spot
2/ Supply Evaporating (black arrow)
3/ JPG so far fulfilling the Wyckoff 9 Buying Criteria
4/ TriggerBar (red arrow) shows relatively higher average intraday vol influx
**Red line = Creek
EP n SL as attached
pure wyckoff
Few reasons, should be pointed out :
1/ Based on Comparative Analysis, JPG somehow shows interest from the CO (JPG did HH HL, While General Market did HL LL)
-- This is a sweet spot
2/ Supply Evaporating (black arrow)
3/ JPG so far fulfilling the Wyckoff 9 Buying Criteria
4/ TriggerBar (red arrow) shows relatively higher average intraday vol influx
**Red line = Creek
EP n SL as attached
pure wyckoff
Trade closed: stop reached
Cut loss
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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.