EIHOTEL Trade Analysis for Buy using Wyckoff method

8월 26일

Wyckoff Story

• Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
  

Down wave Analysis

• We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias.
  

Volume Analysis

• We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
  

Final View

• Bullish on stock with entry marked on the chart