Litecoin 🔥 Study This Pattern
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The Livermore Accumulation Cylinder was popularized by Massachusetts-born American investor Jesse Lauriston Livermore – who was known to be one of the greatest traders at his time.
Livermore’s theory involved what is more commonly defined as an ascending broadening wedge, that takes place over larger time periods. Inside this upward-sloping broadening wedge, strong accumulation takes place at key supports, and each support is used to propel the price of the asset higher and higher. At the end of the structure, there is an extremely powerful breakout to the upside, which could once again cause the asset price to go parabolic.
The theory suggests that not only will this happen, but a new all-time high is the next step in the pattern.
The Livermore Accumulation Cylinder was popularized by Massachusetts-born American investor Jesse Lauriston Livermore – who was known to be one of the greatest traders at his time.
Livermore’s theory involved what is more commonly defined as an ascending broadening wedge, that takes place over larger time periods. Inside this upward-sloping broadening wedge, strong accumulation takes place at key supports, and each support is used to propel the price of the asset higher and higher. At the end of the structure, there is an extremely powerful breakout to the upside, which could once again cause the asset price to go parabolic.
The theory suggests that not only will this happen, but a new all-time high is the next step in the pattern.
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