Small trade you could take, it involves Wyckoff distribution and a bear flag with an overbought 15min time frame. High chance this plays out but not financial advice, just showing reasons why i believe this move is likely. Volume is declining with this pump which is bearish. According to the Wyckoff distribution schematic, a sign of weakness should form and break the trading range then bounce back inside. Next would be an upthrust (UT) breaking up out of the trading range then coming back inside. I will update Wyckoff Distribution if this SOW gets a bounce and fills more of Wyckoff distribution out.
评论:
I posted my updated idea, risng wegde has finally formed and broke down. I saw it coming, just not the right time. It is very hard timing markets as we can see.
