Lots of effort but little reward (or "result") recently.
Wyckoff says if the effort is great but with little result, the trend is coming to the end.
Now volume is beginning to fall of as traders lose confidence.
Perhaps we will see a bullish move to the trendline, followed by a reversal of the bullish trend, the first target being the .382fib, followed by the .5
Wyckoff says if the effort is great but with little result, the trend is coming to the end.
Now volume is beginning to fall of as traders lose confidence.
Perhaps we will see a bullish move to the trendline, followed by a reversal of the bullish trend, the first target being the .382fib, followed by the .5