March 29, 2025
(Not financial advice)
Price has moved down from GB83, but based on current structure, GB83 may not be a rejection point — it could be the Sign of Strength (SOS) in a broader Wyckoff Accumulation.
That means the move down toward GB59 ($1,284) isn’t necessarily weakness — it could be a Last Point of Support (LPS) or even a final spring test before a potential mark-up phase begins.
Current View:
GB83: Potential Sign of Strength (SOS) – a strong move above prior structure followed by a controlled retrace.
Weekly Distribution Candle: Formed near the low, currently expanding downward. This aligns with distribution behavior, but within accumulation context, this could be part of the final test.
GB59 ($1,284): Still valid as the Goldbach pathway termination, and now a critical support to confirm the LPS/spring narrative.
Wyckoff Context:
If GB83 = SOS → GB59 = LPS
A bounce and structure reclaim from GB59 would validate the larger accumulation thesis
Failure to hold GB59 would put that theory at risk
Bias:
Short-term: Bearish pressure still in play
Mid to long-term: Bullish bias intact if GB59 holds as support
Summary:
GB83 may be the SOS, not the top
GB59 is a key reaction zone
Structure still fits within Wyckoff Accumulation
Watching for a bounce and reclaim to confirm LPS → mark-up
Lord MEDZ Final Word:
“If GB59 holds, this isn’t distribution. It’s preparation.”
(Not financial advice)
Price has moved down from GB83, but based on current structure, GB83 may not be a rejection point — it could be the Sign of Strength (SOS) in a broader Wyckoff Accumulation.
That means the move down toward GB59 ($1,284) isn’t necessarily weakness — it could be a Last Point of Support (LPS) or even a final spring test before a potential mark-up phase begins.
Current View:
GB83: Potential Sign of Strength (SOS) – a strong move above prior structure followed by a controlled retrace.
Weekly Distribution Candle: Formed near the low, currently expanding downward. This aligns with distribution behavior, but within accumulation context, this could be part of the final test.
GB59 ($1,284): Still valid as the Goldbach pathway termination, and now a critical support to confirm the LPS/spring narrative.
Wyckoff Context:
If GB83 = SOS → GB59 = LPS
A bounce and structure reclaim from GB59 would validate the larger accumulation thesis
Failure to hold GB59 would put that theory at risk
Bias:
Short-term: Bearish pressure still in play
Mid to long-term: Bullish bias intact if GB59 holds as support
Summary:
GB83 may be the SOS, not the top
GB59 is a key reaction zone
Structure still fits within Wyckoff Accumulation
Watching for a bounce and reclaim to confirm LPS → mark-up
Lord MEDZ Final Word:
“If GB59 holds, this isn’t distribution. It’s preparation.”
Trade active
Lord MEDZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Lord MEDZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.