Replies to post #22846 on Wyckoff volume benchmarking / market profile bt a

[learningthetruth]

Great chart....let's see where we end the day!

[dotnet]

I have exactly same drawn...Right now a tad bit above line.
https://www.tradingview.com/x/SeETc6Ut/

[AllTheHype]

An EPIC breakdown of what was established and solid longer term support, will lead to a fast acceleration downward in the next week in my view. I will be very surprised if it does not.

Just as such breakdowns lead to acceleration on 5 min charts, so too they happen on longer term charts, except we don't see such breakdowns on longer term very often. We have one now, and I suspect Tuesday will be the day that the market gaps down and goes hard lower.

The back test of support has already happened, and failed. While it is possible it back tests again, it is doubtful. Bears will assert control in the coming week.

This is not a news related event, timing wise. It is purely technical.