Hi Everyone! We do have potential to rise up to the preliminary support range of $32,9xx to $34,3xx the NEXT 12-hour candle. It depends on what we have going in the Short Term Group of time frames at that time. The short term group is the 30-min. 60-min. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. and 8-hr. time frames.

We cannot rule out this move down for this 2nd Sign of Weakness in Phase E is completed yet. However, it’s also possible it is completed and we go sideways (diagonally) before falling again with another Sign of Weakness event in Phase E to around $24,500. We don’t know yet. We don’t know what we don’t know until we know it.

If you have not watched the previous video regarding Application of Wyckoff Method 2.0 to Current Distribution Schematic, you may want to watch it.

Hope this was helpful…

Happy Trading and Stay Awesome!

David