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Wyckoff trading method, page-1716

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seagull

3,016 Posts.

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11/04/17

06:48

Post #: 23988210
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Originally posted by gypaetus ↑

And yet todays action sees it close at the top of its bar (3/4s of yesterdays volume with twice the spread) almost looked too easy in terms of ease of movement. Looking within the bar at the course of sales the morning was quiet and it actually touched 050 (which is in line with the behaviour it has exhibited over the previous 4 days) then in the afternoon session we see approx 5 times the morning volume traded and its bid up to 057. Either the previous 3 days were enough to clean out supply, or maybe there is an announcement to come. Time will reveal all. What's your take on todays action @seagull?

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As a holder I think it was brilliant but my charts are still telling me that a retracement is highly likely.
I guess we should discuss this over on the AGY thread .
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