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Wyckoff trading method, page-1380

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gamefisherman

3,651 Posts.

69

30/01/17

22:44

Post #: 22231652
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Originally posted by Jako64 ↑

yes, the last three bars are of some interest GF.
If you are fairly quick & nimble, you could trade it for a potential bounce trade (AR) over the short term, perhaps up to ~23.5cps if all goes well.
But as I prefer swing trades over a slightly longer holding time, if I was to enter I would prefer to sit back and watch it for a little longer and see if it eventually comes back and retests the lows, where it may even put in a little spring if I am lucky (and if it doesn't, and it fails to do anything spectacular, then I have avoided a potential losing trade....in my timeframe).
Just remember that at this point in time, the trend remains down, and this may only be "some temporary support in a downtrend"......aka - a little counter trend rally........we'll see....time will tell.

View attachment 432485

cheers

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@Jako64

Hi Jako

Well things are becoming more interesting with ADR. Please refer to chart for comments.
Cheers GF
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