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

Wyckoff trading method, page-1610

First 1610 Last

Share
Profile

Follow
gypaetus

1,270 Posts.

28/03/17

00:09

Post #: 23663799
Share

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.

View attachment 523731

cheers

Expand

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...
1 Upvote

Reply

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 849 more messages in this thread...

First 1610 Last