Replies to post #19881 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

fed speak changed everything
so the up move was a b wave

we are now in a c wave downtrend

ruling reason is the market is hyper sensitive to the fed

4 waves are not impulsive they are choppy and lack energy
big red candles say trend change

spy hanging out the 50da ma is real bearish

markets are not static and change violently


https://schrts.co/kNTGJDtR

[AllTheHype]

No, standard retrace targets fib 38.2% and rule is generally 4th wave should not get into 1st wave zone.

This may not be a 4th wave, at this point, given how deep it is.