EA ANALYSIS BASED OFF OF WYCKOFF SCHEMATICS

Dec 22, 2020

Based on the exhausted down trend and briefly falling below then coming back above a previous significant low, I expect price to continue to rally to the upside, creating new structure and filling demand zones recently left untested. Potential take profits marked in yellow dashed lines and long-term take profit indicated by purple box. Abbreviations across the chart are in reference to the Wyckoff Method, research at your leisure to understand further.