Wyckoff trading method, page-1161

  1. 7,797 Posts.
    lightbulb Created with Sketch. 19
    so i finished uni and trying to get back into WYCKOFF had a few bad runs with the WYCKOFF  method.... ugghh cant and dont want to mention them, lucky they are blue chip stocks so i will wait them out
    so here i got is BPT, it has a had a nice fall from its glamorous years from 2014 in the year of oil fall crisis.
    so it has based off for the past 1 year give or take and lets call that accumulation

    now we have a breakout as shown by the last 3 candles.
    Did i read the chart right or is it going back down?....

    Oil sector isnt very pretty
    I dont know if its the noise that is in my head but its telling me not a buy mostly because of the OIL market.
    I would like to hear your opinion

    upload_2016-11-20_21-21-18.png
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.