PHASE A: Represents the area of the stopping of the previous move/trend BC: Buying climax, The buying climax has increased volume and a widening spread as it moves up. PSY: preliminary Supply, the first meaningful reaction in the initial distribution in phase A, Usually there’s some form of a Buying Climax which stops the move and that is followed by a...
fulcrum bottom occurs when a market forms a complex H&S top pattern after a prolonged and extended decline. Fulcrum point refers to a turning point for a security or the economy in general that marks a major change in direction. but "The compound fulcrum is an extremely rare pattern. In fact, if a chartist diagnoses this pattern more than once every few years,...
PHASE A: Represents the area of the stopping of the previous move/trend BC: Buying climax, The buying climax has increased volume and a widening spread as it moves up. PSY: preliminary Supply, the first meaningful reaction in the initial distribution in phase A, Usually there’s some form of a Buying Climax which stops the move and that is followed by a REACTION,...