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Wyckoff trading method, page-882

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Rx7driftking

7,797 Posts.

19

17/07/16

20:28

Post #: 18290860
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Originally posted by Jako64 ↑

......cont.......

A2M Weekly - unconfirmed breakout last week.
View attachment 207537

.

Daily - I basically marked all the SR lines at those two important levels which different people would pick up.
They generally show broad bands or zones of support and resistance, instead of just a single line.
The lower zones was gapped over, which was quite bullish.
And price used the absorption process, to grind through the higher one.
As for the target, I would mark the high of the up bar......although if it was me, I would have either found a more exact level from the intraday charts, or just put the crawler on it and ride it up until stopped out (there are 'fors and againsts' for this type of trade though, which will not suit everyone).
View attachment 207538

cheers

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Holy MOLY i was looking at A2M and i thought i missed the trade LOL, great insight.
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