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Wyckoff trading method, page-1610

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gypaetus

1,270 Posts.

28/03/17

00:09

Post #: 23663799
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Originally posted by Jako64 ↑

Yep, I generally agree with that.

There is still weakness overhead.....although there is that recent shakeout now........so two opposing forces......

You can see the two bars that appeared as though price would breakdown, but they both failed to follow through to the downside, and now today's bar appears poised to breakdown........but there is no certainty it will.

When price does not respond as expected, especially repeatedly, there is usually something serious going on, the difficult part is working out just what it is.......at some point it will become more clear....no doubt.

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G'day Jako

Having a look at the course of sales there are plenty "bot"/small orders - to my mind that is an accumulation tactic. The spread was too wide for the volume - price fell too easy, but...
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