Wyckoff method:
Backgrounds:
PSY (Preliminary Supply).
BC (Buying Climax). 10min $732 & 1D $792
ARn (Automatic Reaction).
ST (Secondary Test(s)).
Ice (Secondary support).
SOW (Sign of Weakness). 10min $658 & 1D $500
Now:
LPSY (Last Point of Supply). A pullback to resistance that was support on failing spread and volume after signs of weakness. 10min $663
Future:
The phase in which supply exceeds demands is a downtrend.
Stop limit. $680
Limit order. $650
Target. $550
Backgrounds:
PSY (Preliminary Supply).
BC (Buying Climax). 10min $732 & 1D $792
ARn (Automatic Reaction).
ST (Secondary Test(s)).
Ice (Secondary support).
SOW (Sign of Weakness). 10min $658 & 1D $500
Now:
LPSY (Last Point of Supply). A pullback to resistance that was support on failing spread and volume after signs of weakness. 10min $663
Future:
The phase in which supply exceeds demands is a downtrend.
Stop limit. $680
Limit order. $650
Target. $550
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