We Have A New Downward Column On P&f Chart TBC in 2.5 Hours!

I'm always keeping an eye on the p&f chart as it's one of the main pillars of wyckoff method and we got our new downward column as we entered in to 32k territory. You may say we have recovered and held 33k and it was just a wick. A wick is still weakness and p&f chart created the new column to be confirmed at the day close. This new column, if persists and beaks below $31k, could very well end up at low 20's, which would be a double bottom breakdown pattern in terms of p&f chart reading.

So, keep an eye on it!

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Yes, the down column is here to stay, unless we reverse back, break above 36.600 and get a new higher high.

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Let's zoom out and look at the big picture.