JMFINANCIL: Wyckoff Method Signals a Strong Buy OpportunityWyckoff Story
Prior to trading range we were in downtrend and then we have SC and CHoCH (Change of character). Let’s assume our bias is accumulation.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Final View
Bullish on the stock
