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A chart is its own interpretation

Line of least resistance would appear UP

looking for a possible LPS to form

No JUMP as yet .

Indications are for a "normal reaction"
Back to support ( which is always met up ahead )

Where is the volume met
and how... Is what matters now

and will define the zone at 5650 to 5700

B% is holding up .
The negative divergence over the recent action

( B% is holding up well )

Suggests to me little more that some "waiting"
in order
to get back in sync
before a move HIGHER

B% is not concerned with price levels
but support levels

For Discussion
On Wyckoff Method.

Very narrow range on the last bar
With falling volume

no work on the P&F at the pivot high
but an uncorrected column

( which has now corrected )

Could even be as low as we go
( P&F )

motorway

<blockquote data-quote="motorway" data-source="post: 297604" data-attributes="member: 7360">A chart is its own interpretation&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />Line of least resistance would appear UPlooking for a possible LPS to formNo JUMP as yet .Indications are&nbsp; for a &quot;normal reaction&quot;Back to&nbsp; support ( which is always met up ahead )Where is the volume metand how... Is what matters nowand will define the zone at 5650 to 5700B% is holding up .The negative divergence over the recent action( B% is holding up well )Suggests to me little more that some &quot;waiting&quot;&nbsp;in orderto get back in syncbefore a move HIGHERB% is not concerned with price levelsbut support levelsFor Discussion <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />On Wyckoff Method.Very narrow range on the last barWith falling volumeno work on the P&amp;F at the pivot highbut an uncorrected column( which has now corrected )Could even be as low as we go ( P&amp;F )motorway</blockquote>

[QUOTE="motorway, post: 297604, member: 7360"] A chart is its own interpretation :) Line of least resistance would appear UP looking for a possible LPS to form No JUMP as yet . Indications are for a "normal reaction" Back to support ( which is always met up ahead ) Where is the volume met and how... Is what matters now and will define the zone at 5650 to 5700 B% is holding up . The negative divergence over the recent action ( B% is holding up well ) Suggests to me little more that some "waiting" in order to get back in sync before a move HIGHER B% is not concerned with price levels but support levels For Discussion :) On Wyckoff Method. Very narrow range on the last bar With falling volume no work on the P&F at the pivot high but an uncorrected column ( which has now corrected ) Could even be as low as we go ( P&F ) motorway [/QUOTE]

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