Trends rarely reverse instantly.
It took 3 days to print this reversing pattern.
It is always good to have a real world example of Wyckoff accumulation at hand.
Including the volume!
In this case the main stopping power occurred in the Preliminary Support.
PS - Preliminary Support
SC - Selling Climax
AR - Automatic Rally
ST - Secondary Test
SOS - Sign of Strength
LPS - Last Point of Support
It took 3 days to print this reversing pattern.
It is always good to have a real world example of Wyckoff accumulation at hand.
Including the volume!
In this case the main stopping power occurred in the Preliminary Support.
PS - Preliminary Support
SC - Selling Climax
AR - Automatic Rally
ST - Secondary Test
SOS - Sign of Strength
LPS - Last Point of Support
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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.