Your wyckoff analysis of this congestion zone is very nice. I had similar ideas on this trade and feel like the basis approach was correct but the stop was too tight or maybe the entry was too early. How would you go about setting a stop for trades like this?
MacroTradingE
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@mljones, i setup a TR when Selling climax happen , and opening long postion from there with stop under SC. then stack up till when i clearly see Automatic Rally, and when price drops from top (AR) which means we have top of TR , so i sell my stocks. and rinse and repeat in trading range.
mljones
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@MacroTradingE, thank you! Can you recommend your favorite resources on learning wyckoff, such as youtube channels or authors?
MacroTradingE
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@mljones, there is lots of information about stock chart on google :)