This is Accumulation of Rising Bottom (#2 )
Supply drying up, Demand going in (Red Arrow)
-it seems that absroption is on going
-typical of Springboard in action
Thus position initiated as attached
Short swing
Pure Wyckoff
Supply drying up, Demand going in (Red Arrow)
-it seems that absroption is on going
-typical of Springboard in action
Thus position initiated as attached
Short swing
Pure Wyckoff
Trade closed: stop reached
Cut loss @ 4.16 (22/4/24)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.