XML Wyckoff Update

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Support has been found over the sign of weakness.

Entry price 0.6438, very tight stop... could try to uphold a descending wedge to 60 but we've already explored those areas in the process.

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تم فتح الصفقة

Here's the start to a blowoff distribution

١٨ مايو ٢٠٢١

ملاحظة

beautiful

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right on!!

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tradingview.com/chart/aVeRcEdK/ insane volume here

١٨ مايو ٢٠٢١

ملاحظة

good enough to sleep on.

١٨ مايو ٢٠٢١

تم فتح الصفقة

You can see the wave 2 support invites "Phase B" to the UTAD. I sold the 5th wave top and figured a backtest of the bottom was needed to invalidate the weakness. Currently sitting on a position at these levels (0.65)

١٨ مايو ٢٠٢١

ملاحظة

In the above picture: I also forgot to mention the finite divergence from where wave 3 began to the lows we see here (why I provided the underline).

١٨ مايو ٢٠٢١

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Looks like this may fall out. I'm waiting for the real phase B.

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١٩ مايو ٢٠٢١

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Fell through the support! How about that!