A classic Accumulation pattern of Rising-bottom #2 as mentioned by the late Dr Hank Pruden
As Demand going in by the evidence of Vol (Black arrow)
Price going up
THis is basically an increasing effort with increasing result, always an indiciation of positve demand influx (2nd Wyckoff Law)
In view of that, i am humbly initiated a position as attached
Pure Wyckoff, Anything can happen
**there is still a lot of potential upsde (3rd Wyckoff Law, Yellow Arrow)
As Demand going in by the evidence of Vol (Black arrow)
Price going up
THis is basically an increasing effort with increasing result, always an indiciation of positve demand influx (2nd Wyckoff Law)
In view of that, i am humbly initiated a position as attached
Pure Wyckoff, Anything can happen
**there is still a lot of potential upsde (3rd Wyckoff Law, Yellow Arrow)
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.