AXIATA: Phase D accumulation.

2022년 1월 3일

Price action been moving in rounding bottom up in this accumulation phase indicate a healthy move.

WYCKOOF.
Price currently been trading in phase D after sign of strength from phase C and manages to reach the top of the trading range "creek jump" JAC. this indicate change of character.
(price will move soon)

This back to the creek is the big reaction before the bull market starts.

VSA.
Point A- Failed effort selling climax. next candle is bullish, absorbing the entire bearish effort.

Point B- inverse bullish pin bar having low spreads and projected on average high volume. more demand than the supply causing price to rise in near future. (continuation signal)

Point C- inverse bullish pin bar having low spreads and projected on average high volume. more demand than the supply causing price to rise in near future. (continuation signal)

Point D- No supply bar indicate there is lack of supply and demand is overpowering supply causing price to rise in future. "low spread candle having downward wick whose volume is lower than the previous two candle volume"

Point E- expecting no supply bar in this back to the creek zone. today closed T+2 possible T+3-T+6 reversal.

1st TP 52wh $4.185

telegram ---VSA & WYCKOFF trading practice.
idea posted as for study purposes.