Wyckoff trading method, page-1658

  1. 16,642 Posts.
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    Yep, no inclination to take it higher at all by the looks.....and yep, weekly looks OK.
    Possibly forming a potential accumulation zone.
    Did price get rammed down earlier in the week, just so that the entire 'offer' stack could be bought on that upbar on Thursday ??
    looks a bit like it to me.......I have seen that tactic a few times now, most particularly when not enough stock can be shaken out on downbars.
    (gotta get a meaningful position somehow I guess..........)
    Perhaps you could buy on any low downbars, that appear to threaten a breakdown if possible........(and sell some on the spike higher, and see what you can accumulate for free.....or for not much outlay.......)

    cheers
 
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