Local Breakout after Bullish Behaviour Suggests Further Advance
WYCKOFF STORY
Upsloping price structure of higher highs and higher lows suggests accumulation that happens on diminished supply signature.
Last bar acts as a local breakout which is confirmed by increased demand signature.
Up trending OBV suggests that institutions are actively getting into this position. Relative Strength is improving.
Trading Target $180 Count Line + (21 boxes * 3 reversal * $2 box size)= $306
Pattern Confirmation Continuation of rally above $230
Pattern Failure Close below $190
WYCKOFF STORY
Upsloping price structure of higher highs and higher lows suggests accumulation that happens on diminished supply signature.
Last bar acts as a local breakout which is confirmed by increased demand signature.
Up trending OBV suggests that institutions are actively getting into this position. Relative Strength is improving.
Trading Target $180 Count Line + (21 boxes * 3 reversal * $2 box size)= $306
Pattern Confirmation Continuation of rally above $230
Pattern Failure Close below $190
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
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.
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
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.