Yeah, I also wondered that.... @Beany72 will probably know......
Looks nasty !!
At this point it can really only be a breakdown, or half a shakeout (reversal of some type)....not much else fits.
So if it is a breakdown........I have been considering this sideways action as part of a re-accumulation, and that means they dumped (or have started to dump) their position.
And if it is 'half a shakeout' there should be a strong recovery on reduced volume in the coming days, and would suggest the re-accumulation may almost be completed.
cheers
cheers
- Forums
- General
- Wyckoff trading method
Wyckoff trading method, page-2264
- There are more pages in this discussion • 445 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online