My Wyckoff Prediction I charted right after the may dump

Wyckoff Prediction potentially playing out. I believe we're in the Re-Accumulation phase right now and my prediction being ever so slightly off if that is the case. Looks like we bounced perfectly off the bull market support band, as well as a diagonal orange trend line I had placed that stretches all the way back to 2015. All EMAs are pointing up and we are above the .5 fib level on a fib retracement pulled from all time highs. Volume is a little lower than I personally would like to see. We also bounced off the 40 in the NVT + HV while staying green which can be used a bullish indicator. VWAP looks like it may want to trend up and a green triangle printed on the momentum wave in the custom Profit Checker Indicator. This green triangle indicates a shift in price movement. I would have to predict we continue to trade sideways in this re-accumulation zone before our next leg up come 1-2 weeks from now.
Chart PatternsTrend Analysis

Get Access to MADALGO indicators: madalgo.io

Join our community: discord.gg/urfhuyhTXd

All scripts & content provided by MADALGO are for informational & educational purposes only. Past performance does not guarantee future results.
Also on:

Disclaimer