Archive for July, 2019

Ambiguous double top…

Posted on Jul 21, 2019 by .

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http://schrts.co/wuWAJSNw

This double top is 588 points deep.  That forecasts a downside target of 1763.  IF…  If it is fulfilled and if its significance has not been canceled by the two waves at the end.  Wykoff practitioners might interpret this latest wave as a UTAD (or upthrust after distribution).

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Posted on Jul 05, 2019 by .

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http://schrts.co/ZSynMrVZ

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As is obvious from the chart,  price has broken out from the stutter step it engaged in at the prevous high and is giving a buy  signal.  We will be adding on to our position.

http://schrts.co/RZDZHKZs

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