Re-Distribution or Accumulation that is the question???
Let's observe charts the way Wyckoff looked at them:
Analysis of supply and demand on bar charts, through examination of volume and price movements, represents one of the central pillars of the Wyckoff method.
Wyckoff's third law (Effort versus Result) involves identifying price-volume convergences and divergences to anticipate potential turning points in price trends.
To answer this question we need to get help from the volume of QQQ:
Analysis of supply and demand on bar charts, through examination of volume and price movements, represents one of the central pillars of the Wyckoff method.
Wyckoff's third law (Effort versus Result) involves identifying price-volume convergences and divergences to anticipate potential turning points in price trends.
My observation:
Possibly we are in the AR zone..!
Why?
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short-covering. The high of this rally will help define the upper boundary of an accumulation TR.
The last upward move happened just before the Quadruple Witch on March 18, 2022, and since the market was down constantly before it, it makes the short-covering rally justifiable..!
*March 15, 2022 recommendation:
Recommendation:
Be careful if you have had shorted the market, realize the gains and wait ..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Analysis of supply and demand on bar charts, through examination of volume and price movements, represents one of the central pillars of the Wyckoff method.
Wyckoff's third law (Effort versus Result) involves identifying price-volume convergences and divergences to anticipate potential turning points in price trends.
To answer this question we need to get help from the volume of QQQ:
Analysis of supply and demand on bar charts, through examination of volume and price movements, represents one of the central pillars of the Wyckoff method.
Wyckoff's third law (Effort versus Result) involves identifying price-volume convergences and divergences to anticipate potential turning points in price trends.
My observation:
Possibly we are in the AR zone..!
Why?
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short-covering. The high of this rally will help define the upper boundary of an accumulation TR.
The last upward move happened just before the Quadruple Witch on March 18, 2022, and since the market was down constantly before it, it makes the short-covering rally justifiable..!
*March 15, 2022 recommendation:
Recommendation:
Be careful if you have had shorted the market, realize the gains and wait ..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.