Replies to post #12897 on Wyckoff volume benchmarking / market profile bt a

[AllTheHype]

Wave iii of 3 will be intense, just as it is playing out. May get to 50 dma.

FWIW, I don't expect a straight down like March. There will be plenty of give and take in this DOWN. If you look at past chart retests of lows in corrections and bear markets, such as 2010 and many others, the first 2 days are intense selling, followed by consolidation and then DOWNward chop. Day 3 may actually gap down but then fade, at least in past instances that is a common pattern.

Starting tomorrow things get more difficult to figure out.

Fortunately I saw this one coming well in advance, have been planning for it, and executed fairly well.