Salutations,
The US Dollar exhibits a prototypical double-zig-zag configuration,
reminiscent of what can be described as "Phase E" in the canonical Wyckoff Accumulation Schematic.
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During Phase E, an asset breaks free from its trading range,
demand exerts unambiguous control and the appreciative trend becomes palpable to the discerning eye.
Potential setbacks such as shakeouts and customary corrections typically recede quickly.
Higher echelon trading ranges that encompass both profit realization and the procurement of additional holdings(“re-accumulation”) by influential stakeholders may manifest at any juncture during Phase E.
These intermediate trading arenas are sometimes metaphorically referred to as the “stepping stones,”
paving the way to even loftier price objectives.
My conjecture posits that the recently completed local Wave B in April symbolizes one such "stepping stone".
---
Wave Y - 131 - 143
☿
The US Dollar exhibits a prototypical double-zig-zag configuration,
reminiscent of what can be described as "Phase E" in the canonical Wyckoff Accumulation Schematic.
---
During Phase E, an asset breaks free from its trading range,
demand exerts unambiguous control and the appreciative trend becomes palpable to the discerning eye.
Potential setbacks such as shakeouts and customary corrections typically recede quickly.
Higher echelon trading ranges that encompass both profit realization and the procurement of additional holdings(“re-accumulation”) by influential stakeholders may manifest at any juncture during Phase E.
These intermediate trading arenas are sometimes metaphorically referred to as the “stepping stones,”
paving the way to even loftier price objectives.
My conjecture posits that the recently completed local Wave B in April symbolizes one such "stepping stone".
---
Wave Y - 131 - 143
☿