Still in this range… for weeks.. abut 56 days ish .

Frustrating. When things are ranging like this it can burn you out. Thats why as a trader you need to have a span of different things to analyse.

This drawing is obviously hypothetical but is based on the characteristics of an accumulation cycle. You can see how visually it could make sense.

PERSONALLY.. I do not think there is enough demand stored in here. However, right now its difficult to tell. I would much rather see a large volume spike like we se to the left (arrows pointing to indicate).

The other variable here is that the selling back at the top looks light and if it was to get back up to those levels, its plausible that it can get through based on the low supply pressure.

Obviously anything can happen. It can hit a large supply spike and get pushed down… r it can drift down to support, hit a large demand spike and take off to the upside.

Keep your eyes on support areas for demand volume an resistance areas for supply volume .

Lets see where it goes. It can stay in this range for another 60 days of its wants to. Ther is A LOT going on in the world right now!!!

Stay safe. Stay rational. Practice your technical analysis and you will be 3-4 steps ahead of everyone in the news. It’s actually very interesting skill set to have. If you can read volume , you will know exactly what the banks are doing… and banks and government work hand in hand.

(Chart is practice/hypothetical do not risk your money listening to some stranger).

Learn Wyckoff and VSA tactics. It’s not that hard.

START HERE!!

Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA / Master the Markets
Pete Faders VSA*
Sam Seiden ( supply and demand )
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)

Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)