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Wyckoff trading method, page-698

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KabaiSengh

1,401 Posts.

20/04/16

22:07

Post #: 17560773
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Originally posted by Jako64 ↑

Next Update is served.......and it appears to be getting exciting.
Just look at all the recent volume (activity), and the price action.........

as usual, hit me up with any questions on the principles involved, or the jargon used.
(there should be some questions from time to time, surely - you will learn more if I expand on some of the principles I'm sure)

Weekly

View attachment 169647

.

and the daily to look 'inside' the weekly bar....

View attachment 169648

Next few bars are likely to be very important..... not only to confirm the suspected supply event..... but also (if it is confirmed) to watch the process unfold.

View attachment 169649

Expand

Thanks Jako,

I believe we saw a replica of this with MXC this week. A strong upthust bar ultimately failing when hit with supply. I think that MXC likewise experienced profit taking after reaching an all time high.

Last edited by KabaiSengh: 20/04/16
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