Wyckoff trading method, page-2269

  1. 16,642 Posts.
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    If every thing proves to still be OK with the stock, then price just needs to get away from that nasty downbar, and the volume associated with it, and the only way that can happen is over time (unless it miraculously accelerates higher and puts that event well below it, and then it is also 'out of the way' - although that seems less likely at this time).
    When the price action is confusing, it usually means price is being manipulated for some reason, usually either for accumulation, or distribution.
    I thought the price action and volume made reasonable sense over the last two weeks, apart from that big volume spike on Thursday (which I guess was a XT).
    ****see the note on the chart.
    RXP 051117.png

    cheers
    Last edited by Jako8557: 05/11/17
 
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