POTENTIAL WYCKOFF SPRING
Price currently been trading in downslove trading range near its support .
i expecting around this level price might form a spring in phase C wyckoff.
in this phase C, we might see SPRING.
is it a test in the form of breakout of the minimums of phases A and B. there are three type of springs.
1-test spring. downward movement towards lows of the range in order to check the commitment of the seller.
2-last point of support. test in form of bearish movement that fails to reach the minimum range.
3-terminal shakeout or shakeout. abrupt movement of minimum breakout that produce a deep penetration of the level of support and a fast recovery.
i expecting around this level price might form a spring in phase C wyckoff.
in this phase C, we might see SPRING.
is it a test in the form of breakout of the minimums of phases A and B. there are three type of springs.
1-test spring. downward movement towards lows of the range in order to check the commitment of the seller.
2-last point of support. test in form of bearish movement that fails to reach the minimum range.
3-terminal shakeout or shakeout. abrupt movement of minimum breakout that produce a deep penetration of the level of support and a fast recovery.
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