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You chose the perfect timeframe to explain the movements!...

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bulldozer130

1,059 Posts.

29/12/16

10:19

Post #: 21587759
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Originally posted by Jako64 ↑

I had a much closer look at the different IAM charts on Christmas eve and today, and thought this 2hr chart summed it up quite nicely.
And I do think the recent price action may be potential climactic action of some form, where a breakout would come if/when price pushes up through the 6.5/6.6 zone above. Although in Wyckoff terminology, this recent trading may be better termed a re-accumulation zone......we'll see.......

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cheers

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You chose the perfect timeframe to explain the movements! Excellent explanations. Thanks for looking into it...I will try do a bar by bar again soon (after reading up more of VSA and Wyckoff) once we have seen more action. Cheers Jako64!
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