Spring
RRR of +2: 10% win vs 5% potential loss on STX- After trying to establish a new downtrend the plunge stops on point " 1 ".
- From there we went back into the trading range " a/b " and tested the upper line.
- From there we went back to the supportlin " b " (potential axisline).
- Here we formed out a SPRING . It it likely that the price moves back to the upper side of the trading range.
- Today bar is also an ODR (One Day Rerversal)
Classic Wyckoff Spring in Encana The latest intra-day candle in Encana seems to demonstrate a classic Wyckoff spring at a support level. There seem to be willing buyers below the current support level. This looks like a pullback in a trending stock to be bought.
