Wyckoff trading method, page-249

  1. 16,642 Posts.
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    Nothing particularly exciting happened on the NWZ daily chart again today.
    Much of the same really.

    There was an increase in volume again, and on that volume-price dipped below the low of the previous two bars, and recovered to close unchanged.
    This price action continues to suggest that absorption of supply is continuing to take place - potential accumulation.
    (although I am keeping an eye out incase there are any hints that it is being 'held up' - to sell into any demand present......just in case.....)

    NWZ 280116.png

    cheers
    Last edited by Jako8557: 28/01/16
 
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