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I do like the sound of the: "Wyckoff Spring” a signal he...

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verce

7,518 Posts.

847

10/03/24

22:46

Post #: 72834777
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Originally posted by float^ ↑

@verce

Sort of, but not really. There's not enough volatility or volume to say much about the chart.

Since the right side of the "double bottom" is below the left, see also the Vic-2B pattern, the Wyckoffian spring pattern and the good old sell-side liquidity raid (ICT method). These are basically the same. They indicate a price move below a previous trough, followed by a swift move back above it.

NGL!, NGL chart looks good, despite the lack of turnover.

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I do like the sound of the:
"Wyckoff Spring”

a signal he quantified that occurs when a chart falls below its support and makes a new panic low but then springs back into its previous trading range. It’s a rare signal that usually occurs near market bottoms and usually happens during the last sell off on a chart.
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