A Friday Surprise And Coming Soon – An Upgraded Website With Some Exciting New Features

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-10-2015 Last week’s post, entitled “A short-term down trend with some bullish scenarios”, underestimated the bullish scenarios. Last week the Wyckoff Wave reacted to point W, on the daily chart, and began a week rally. While supply was not completely in charge, it appeared dominant and the Wyckoff Wave is expected to continue to react and test the lows at points K and I. Instead, on Monday the Wyckoff …

The Wyckoff Wave Is At A Critical Point – Up Or Down?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-20-2015 On Friday, after spending the week testing the top of the trading range (line drawn from point H) on very narrow price spread, the Wyckoff Wave rallied strongly and penetrated this resistance. It closed, on increased volume, at the top of a wider price spread at an all-time high. While that seems good news for the bulls, the Wyckoff Wave is sending both positive and negative signals. At …