#EWT
This beautiful falling wedge or #bullflag has all the mechanics of a #Wyckoff Accumulation Schematic built into it, which can be seen by #volume tells in all the right places.
After The low was breached note the negligible #volume, then observe the volume on the first solid bullish candle to break through the #wedge. What we want to see after is the follow-through retrace candles reaction, and not just the #volume, but the fact it snatched the stops on the candle a month before it.
Pair that all with my favorite leading indicator, #OBV, which has already breached the last swing.
I like this PA...
This beautiful falling wedge or #bullflag has all the mechanics of a #Wyckoff Accumulation Schematic built into it, which can be seen by #volume tells in all the right places.
After The low was breached note the negligible #volume, then observe the volume on the first solid bullish candle to break through the #wedge. What we want to see after is the follow-through retrace candles reaction, and not just the #volume, but the fact it snatched the stops on the candle a month before it.
Pair that all with my favorite leading indicator, #OBV, which has already breached the last swing.
I like this PA...
