Great thread! I added it to my watchlist as soon as I found it (sadly, it was just a few days ago), and it's astonishing how accurate was the method here:
Price objective for the accumulation pattern highlighted in the first post in between 910 (for the most risk aversive) and 1044 (for the less risk aversive).
PS: this is just price objective regarding the accumulation pattern, and it should be carefully revisited as price fluctuate.
I've just bought a book about Wyckoff, and I really want to dig into it! However, I have a few questions; For instance, in the quoted message, you/he talked about the price objective; what is it exactly? I mean, what is it for? Is it a time for reversals? Or maybe new accumulation phases? Or you just have to wait until a new pattern is formed after that?
And what about the recent crash? How do you think it's going to evolve? (I'm more interested about the WHY than about the price direction itself;I really want to understand the market)
Finally, how does this relate to the "cup and handle" pattern we've been seeing and hearing about all these months? Is it compatible with Wyckoff method?
Price objective for the accumulation pattern highlighted in the first post in between 910 (for the most risk aversive) and 1044 (for the less risk aversive).
PS: this is just price objective regarding the accumulation pattern, and it should be carefully revisited as price fluctuate.
I've just bought a book about Wyckoff, and I really want to dig into it! However, I have a few questions; For instance, in the quoted message, you/he talked about the price objective; what is it exactly? I mean, what is it for? Is it a time for reversals? Or maybe new accumulation phases? Or you just have to wait until a new pattern is formed after that?
And what about the recent crash? How do you think it's going to evolve? (I'm more interested about the WHY than about the price direction itself;I really want to understand the market)
Finally, how does this relate to the "cup and handle" pattern we've been seeing and hearing about all these months? Is it compatible with Wyckoff method?