Hello traders!
In my last post as I told you I am expecting Wyckoff's distribution pattern so when the market reached BC(buying Climax) it was a clear sell because the market dropped after making M reversal pattern, according to Wyckoff's theory that was the Automatic Reaction AR after that market formed bullish engulfing at 16500 and the engulfing pattern is best for this type of scenarios. Buy target is hit now and now expect a drop that will break the previous low.
Hit the like button if you successfully traded both waves.
In my last post as I told you I am expecting Wyckoff's distribution pattern so when the market reached BC(buying Climax) it was a clear sell because the market dropped after making M reversal pattern, according to Wyckoff's theory that was the Automatic Reaction AR after that market formed bullish engulfing at 16500 and the engulfing pattern is best for this type of scenarios. Buy target is hit now and now expect a drop that will break the previous low.
Hit the like button if you successfully traded both waves.
코멘트:
Previous analysis
