Recognized accumulation pattern
A - decreasing volume on lows
B - decreasing volume on lows
The lows in pattern B did not break the lows from A. This indicates that the market is strong and well controlled by large operators. In the lows of pattern B, the last one on the lowest volume [7] forms a very large, bullish engulfing candle.
C - the largest buying wave not only in the entire accumulation pattern but also the largest since the beginning of the decline - showing strength, breaking out of the range on very high volume.
The recent 4h candles on the chart are testing the breakout.
It seems that the pattern is set up for an upward move.
I'm providing two targets...
Indicators used: Wyckoff Wave Chart
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VolumeDayTrader
A - decreasing volume on lows
B - decreasing volume on lows
The lows in pattern B did not break the lows from A. This indicates that the market is strong and well controlled by large operators. In the lows of pattern B, the last one on the lowest volume [7] forms a very large, bullish engulfing candle.
C - the largest buying wave not only in the entire accumulation pattern but also the largest since the beginning of the decline - showing strength, breaking out of the range on very high volume.
The recent 4h candles on the chart are testing the breakout.
It seems that the pattern is set up for an upward move.
I'm providing two targets...
Indicators used: Wyckoff Wave Chart
What do you think about this chart?
Follow us for updates!
VolumeDayTrader
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👉👉 Get Free US Stock Market PTA Signals
👉👉 Get Wyckoff Wave Chart Indicators
🌎 Free materials 👉👉 volumedaytrader.com
✳️ Free Signals & Technical Charts: t.me/volumedaytrader
support@volumedaytrader.com
👉👉 Get Wyckoff Wave Chart Indicators
🌎 Free materials 👉👉 volumedaytrader.com
✳️ Free Signals & Technical Charts: t.me/volumedaytrader
support@volumedaytrader.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。