Australia's largest stock trading and investment forum Australia's #1 stock forum

Wyckoff trading method, page-1728

First 1728 Last

Share
Profile

Follow
gurnz1

194 Posts.

4

15/04/17

10:42

Post #: 24082236
Share

Originally posted by Jako64 ↑

Just had a bit of a look (while I am waiting for the ladies to finish getting ready to go out, jeez they are slow),

Anyway, that looks like a shakeout, particularly if all the trading was done 'on market'.

Most shakeouts are tested (but not All shakeouts), particularly if the shakeout draws out increased supply.
It is a quite deep shakeout, and did draw out more supply. This will increase the chance that this one will be tested in the future (not necessarily immediately), so expect price to come back to at least 5cps and test (and if it does, and volume is found to be quite low), the probabilities are increased, that price will make an attempt to accelerate higher.......no guarantees it will successfully accelerate higher, just that the response to a shakeout is usually a test, and if the test is successful, then an attempt to accelerate higher.

cheers

Expand

Thanks for the help, appreciated.
2 Upvote

Reply

There are more pages in this discussion • 731 more messages in this thread...

First 1728 Last