My last chart was a complete disaster.
Even though I pinpointed where the last dip should stop, the bounce was disappointing.
Now, this looks like a classic Wyckoff Accumulation, the only difference I see is the "Creek" not going all the way to the resistance levels.
If it does happen, we should expect a spring any time soon, with an increase in volume and an abrupt pump.
We shall see.
https://cmtassociation.org/wp-content/uploads/2015/11/WyckoffFig66.jpg
Even though I pinpointed where the last dip should stop, the bounce was disappointing.
Now, this looks like a classic Wyckoff Accumulation, the only difference I see is the "Creek" not going all the way to the resistance levels.
If it does happen, we should expect a spring any time soon, with an increase in volume and an abrupt pump.
We shall see.
https://cmtassociation.org/wp-content/uploads/2015/11/WyckoffFig66.jpg
This is where volume needs to come in, we need more buying volume that the selling volume we had yesterday.
Overall i'm feeling bullish.