Classical Wyckoff Market Cycle example. BABA!
Expanding on a previous chart I quickly produced for BABA using simple elliott wave cycle (where I also unloaded 100% of my BABA holdings), it looks like BABA is signalling off a classical wyckoff market cycle.
As the phrase goes, a picture says a thousand words.
Let me show you a picture for reference from my teacher of all things, the internet. Please compare this to the chart above.
[img]d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff1/wy-01-accumdist.png[/img]
Can you see the similarities?
As the phrase goes, a picture says a thousand words.
Let me show you a picture for reference from my teacher of all things, the internet. Please compare this to the chart above.
[img]d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff1/wy-01-accumdist.png[/img]
Can you see the similarities?
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