Wyckoff trading method, page-1340

  1. 694 Posts.
    @Jako64 Hey mate

    Keen to hear your thoughts on RMX if possible, just to see if i'm on the right track in regards to my interpretation of the chart.

    Also keen for anyone else to provide input

    Cheers

    Pink = previous creek
    Black (top) = resistance
    Black (bottom) = short term resistance/possible new creek
    Red = Support

    I'm expecting a test of 0.041/2 to occur soon based on recent volume. Buyers are outweighing sellers again and the sell down/accumulation looks to be well and truly done. If price pushes through the st resistance, than I see a further test of 0.047 occurring once drilling commences this week or next.

    Screen Shot 2017-01-04 at 10.27.07 am.png
 
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