Price has to close in the trading range-5777 sometime this week or next in order to be considered a Wyckoffspring. If not, this might signal continuation of the trend. Also, the 100WMA hovers just around the new yearly low so, price might not get below it so easily. Considering a new cycle low has been formed confirmed by cycle time zones in horizontal blue lines, might be difficult for bears to out in a new low just yet.
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.