Local breakout after bullish behavior suggest further advance
Wyckoff Story
Upsloping price structure of HHs and HLs and decreasing supply signature from Phase A to D suggest accumulation.
Breakout in Phase D out of the local Last Point of Support (LPS) suggests a possible breakout above $210 and a Major Sign of Strength to come.
Relative strength is improving.
Trading Target:
$148 count line + (21 boxes * 3 reversal * $2 box size) =$274
Pattern Confirmation: Breakout above $210
Pattern Failure: Close below $165
Happy Trading,
Roman
Wyckoff Story
Upsloping price structure of HHs and HLs and decreasing supply signature from Phase A to D suggest accumulation.
Breakout in Phase D out of the local Last Point of Support (LPS) suggests a possible breakout above $210 and a Major Sign of Strength to come.
Relative strength is improving.
Trading Target:
$148 count line + (21 boxes * 3 reversal * $2 box size) =$274
Pattern Confirmation: Breakout above $210
Pattern Failure: Close below $165
Happy Trading,
Roman
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
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Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.