Candlestick patterns may not repeat exactly, but they rhyme!Last...

Candlestick patterns may not repeat exactly, but they rhyme!


Last Friday AKE sp went down to the SOW level. It also broke down the EMA 100 line; a very bearish sign. And because I believe AKE is still in Phase B of Wyckoff Distribution Phase, that the sp reached as low as the SOW after the Upthrust is a breach of Wyckoff Distribution schematic. The structure is obviously on the verge of a total breakdown.

But I believe the seemingly breaking down structure will be rebuilding this week. The reason for my belief is that there are two precedents showing how such a structure recovers to reach a UTAD. The first one is from July - November 2021 and the second one is from March - May 2022. The first one is stretched out and the second one is compressed.