Quotes:
..“The market always tells you what to do. It tells you: Get in. Get out. Move your stop. Close out. Stay neutral. Wait for a better chance. All these things the market is continually impressing upon you, and you must get into the frame of mind where you are in reality taking your orders from the action of the market itself — from the tape.”...
.."Tape reading is rapid-fire horse sense...The Tape Reader aims to make deductions from each succeeding transaction -- every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision"..
Richard D Wyckoff
The longer the base normally leads to a greater prize!
Chart 1 - HMY moving in lock step with the Richard Wyckoff Accumulation plan.
Chart 2 - The Richard Wyckoff Accumulation map. Notice the change in behaviour of price action.
Original Post: https://ift.tt/dDOoEIf
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