Wyckoff trading method, page-953

Interesting chart that one......

It is initially a bit tricky to read, so I pulled right out to the monthly chart to get my head around it.

In a nutshell it appears that when price moved above ~94cps some decent supply was drawn out.
There was an attempt to absorb the supply above 94cps which eventually failed, and in response price pulled back and found support at about 76cps.
And after some time consolidating (two and a half months...), price attempted to push higher again, but still drew out some supply (although reduced).
And in response, it pulled back on decent volume, then reversed up - on low volume (nice.....), which together forms a shakeout of sorts.
The last complete month accelerated higher on increased volume, and also confirms the reversal.
This current month is way too early to draw any conclusions over at all......
Looks quite good actually overall (even if the daily and weekly charts are initially a bit tricky to read).


cheers