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Wyckoff trading method, page-2154

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Johnnyzadeh

1,836 Posts.

1

09/08/17

14:31

Post #: 26390919
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Originally posted by Jako8557 ↑

Hmmm, I see what you mean....

probably not really Bag Holding..... too much of a gap down for my liking (consider the true range of the bar as well).
But it may turn out to be climactic action of some sort for sure (potential Selling Climax).
If so, and you are nimble, you may be able to trade the AR (automatic reaction) in the short term.
After that a sideways range may develop, as supply is mopped up, and you could trade within the range.
Barring that, and you like it for some reason, wait and watch for now, as there will likely be more to play out before anything sustainable takes place.

and there is still a small chance it could breakdown even further yet..........

cheers

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Yeh i thought the spread mite be a little to big, thought ide double check anyways.

Probably to risky for my appetitite, big co. and i dont know much about them.

Cheers, hopefully ill see one soon
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