Perfect Wyckoff accumlation schematic 2 - stockcharts.com...school/doku.php?id=chart_s...
-MACD crossed above the signal line and under the horizontal
-Demand signature on volume proceeding supply absorbtion - VPVR confirms this aswel.
-3rd test of range support, just for good measure I have placed the stoploss under the 1.618 fib Extension incase we see a schematic 1 'Spring' below support.
-RSI commencing trend up from oversold condition - slight bullish divergence as price failed to make a HL
-Finalization of E-wave 1 (midline of range channel + top of Kumo + likely convergence of 200ema).
Follow me on Twitter @crypto_mickbit
-MACD crossed above the signal line and under the horizontal
-Demand signature on volume proceeding supply absorbtion - VPVR confirms this aswel.
-3rd test of range support, just for good measure I have placed the stoploss under the 1.618 fib Extension incase we see a schematic 1 'Spring' below support.
-RSI commencing trend up from oversold condition - slight bullish divergence as price failed to make a HL
-Finalization of E-wave 1 (midline of range channel + top of Kumo + likely convergence of 200ema).
Follow me on Twitter @crypto_mickbit