Using historical volatility and the Wyckoff method, we've determined that the current range which began with a selling climax on Dec 3rd will produce a prolonged uptrend in the near future. Look for a shakeout and subsequent breakout to the upside.
The current range is almost identical to the May 2021 range and in a miniature form the Sept 2021 range where the market settles at the low of the original selling climax that created it but never quite distributes below.
The current range is almost identical to the May 2021 range and in a miniature form the Sept 2021 range where the market settles at the low of the original selling climax that created it but never quite distributes below.
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These are particularly confusing, even for Wyckoffians because the market tappers down AFTER the spring as well. But the lack of effort to go further down is a tell-tale sign.GreyPool.io
Try our automated trading strategies at: greypool.io
Try our automated trading strategies at: greypool.io
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
GreyPool.io
Try our automated trading strategies at: greypool.io
Try our automated trading strategies at: greypool.io
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.