By mentioning the Upthrust, the trouble with this Twitter post is, that it advances a good possibility and even would be in line with what another Wyckoff Expert here could have posted. Then again the question is does it consider LTR's fundamentals? A point worth considering, because that has been the weak point our local Wyckoff Expert missed out on too.
It is possible though to make a case with EWT that explains the last move up as labeling it as a minor wave 5 kind of move, which then does ask for a pullback/correction. So I guess as in previous discussions about Wyckoff vs EWT and Wyckoffian Distribution or Wyckoffian Re-Accumulation it will depend on further SP developments and therefore only time will tell what the correct outcome will be.
So far EWT has had the wining edge and so when some here claim that in the past I missed the 4 "obvious" selling points, looking at the overall trend they may want to ceconsider their judgement and instead look at those pullbacks as an opportunity to by the dip! The trend has been our friend as many LT holders can attest to!
New TA/Charting, page-10188
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Price($) | Vol. | No. |
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