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 …

At The Top Of The Trading Range. Up or Down?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-13-2015 This past week the stock market, as measured by the Wyckoff Wave, reversed course and continued its rally within the trading range. At Friday’s close, it was testing the top of the range (line drawn from point H). When the market reaches these critical points, the Wyckoff student needs to analyze at every possible scenario. Will the test be successful and cause the Wyckoff Wave to react back …

Leaving The Apex, What’s Next

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-06-2015 This week the Wyckoff Wave left the apex to the upside. Unfortunately for the bulls, it is running into resistance as the Wave approaches the top of the trading range (line drawn from point H). While it could certainly move through the resistance (jump the creek), the Wyckoff indicators suggest it is unlikely to happen. Friday’s market action indicated the presence of supply. The Wyckoff Wave attempted to …

Is Something About To Happen?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-29-13 The Wyckoff Wave finished a shortened, but unproductive week, with an attempt to leave its most recent sideways movement or trading range to the upside. While Thursday’s market action was not, in itself, particularly impressive, we might be seeing the beginning of some ending action. The Wyckoff Wave has spent the last two weeks in this minor sideways movement, which began at point X. The operative word here …