@Boro76 i just looked at some wyckoff and have highlighted the two bars below - yesterdays and todays.
according to wyckoff, since it closed near the middle at yesterday's bar we can assume buying emerged at the lower levels - tick. today was a narrower range, indicating no ease in downward momentum and again indicates buyers at lower levels, finishing mid-range - tick (also note today's volume was lower - confirming lack of selling). according to wyckoff, the market is showing an unwillingness to go lower - therefore expect a rally on the next day - that would be monday. but if the rally exceeds today's high and it reverses below today's low - expect further weakness aka bearish engulfing candle.
let's see what happens eh?
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@Boro76 i just looked at some wyckoff and have highlighted the...
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