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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.