Would you take a little of Wyckoff again ?
Actualizado
I will not develop the wyckoff accumulation pattern again, I made already a lot of idea about it in the past few days and on short timeframes and don't really have time to write a lot right now on a trading session.
So I will just say that we are always in market psychology pattern, the accumulations of this ones on the few last support, show the interest of institutionnals to find a level which can act like support.
The daily plan develop in the LDTP idea is always in activity and before the close of a candle there is no conclusion to be drawn. I just note that I like the fact the spring of this Wyckoff accumulation pattern happen on the top level of the major support area. If we close back up tonight it could be a good candle of pressure, with volume, and new level added in the pattern.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
PS : I'm sorry for the entry signal, too short timeframe to be post as idea. I'm actually in on the spring, breakeven already. I will try to post signal on retest of support or SOS/LPS of resistance if I have time to write it at time and if we go for it.
So I will just say that we are always in market psychology pattern, the accumulations of this ones on the few last support, show the interest of institutionnals to find a level which can act like support.
The daily plan develop in the LDTP idea is always in activity and before the close of a candle there is no conclusion to be drawn. I just note that I like the fact the spring of this Wyckoff accumulation pattern happen on the top level of the major support area. If we close back up tonight it could be a good candle of pressure, with volume, and new level added in the pattern.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
PS : I'm sorry for the entry signal, too short timeframe to be post as idea. I'm actually in on the spring, breakeven already. I will try to post signal on retest of support or SOS/LPS of resistance if I have time to write it at time and if we go for it.
Nota
Here the entry on 5 minutes timeframes to remind you the initial pattern : Exhaust + Pressure + Volumes (and levels of course). Here it's a more complexe pattern that I never had the opportunity to describe technically on another setup. I spoke of anomalies in the two last LDTP#, here it's the exploitation of an anomaly which take place of the pressure. Like the internal pressure on LDTP #2 it can replace the initial pressure in the pattern but you need to be way more experimented to read them well.
Nota
The global pattern have reached is first target like show this image :Nota
Pullback on resistances lines are always a good opportunity to accumulate more when there is signals.
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