Replies to post #3683 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

holding channel
would mean this is a wave 4. I think we break the channel and go lower

but nice short covering and this down move is based on some weak china ECO
data.

but not real bearish. they can still run this up all day.
tics and adv-dec good for bulls

[jxyzobrien]

excess high on short covering rally
this is very bearish.

so market became too bearish rallied back to value. then created
excess high above value area.

now if we stay in the value area for the rest of the day we are then
accepting those prices.

breadth and tics decent so its not impossible to hold value area low

[jxyzobrien]

attempting to rally

[jxyzobrien]

5th wave
do we just chop around value area.