Wyckoff trading method, page-2032

Hi Jako,

Considering the Supply present to the Left of the chart, my entry would be on the Close of Bar following the Spring of the test of the breakout, around Feb 1, I think. This is a safe entry as there have been a total of 4 bars respecting the support area following the breakout.

The support rests on top of the Creek and is roughly around the 50% retracement of the Breakout bar.

That Up bar has above average Volume, bigger than the previous 4 bars and only less than the Breakout bar, which means "it is standing "Tall and Proud". Looks good to me.

My Stop Loss would be a bit below 1.90 to give the Price some room to move, in case of stubborn Supply still present.

Cheers and thanks - you are a very good teacher and very generous Jako.

soccer