US100 possible long trade

13 thg 11, 2020

As an avid aspiring technical analyst that devours any trading material, nothing captures my attention like the use of old concepts in a modern trading environment. As is the case with Wyckoff analysis and schematics. This is my very first attempt to label a potential schematic so feel free to correct any mistakes. The current approach is to wait for a schematic to complete, then wait for a retest of either the last candle of a test or the spring. Then go to an even lower time frame to spot the same accumulation playing out before a trade is considered. Lets see how it plays out.