GCN pt 8

3 Rev Chart  note the OBVIOUS ZONE of RESISTANCE

that price pushed into !

Obvious does nor mean it will be real resistance .

Real resistance is always met UP ahead.

Real effective resistance is actual  Selling .

Selling has to come from someone

This links to EXPECTATIONS and The Technical Position.

This is not in a Mark-Up Phase as YET in my opinion

So it is then still an Accumulation Zone

Note the very clear Stair Steps on the MOVE UP from the ultimate bottom

Vs The Zig Zag tendency on the WAY down .

( stair steps relate to the Wyckoff --CAUSE AND EFFECT )

These Patterns are produced by the  shifts and rotations of DEMAND and SUPPLY.

The pattern UP is a very POSITIVE.

What about the last DAY ? ( a little Zig Zag ? )

( Between the last two purple Xs on the 1 Reversal  Chart. ( A proper Wyckoff 1 reversal chart  too:-) )

Positive or Negative ?

The chart did not have to HUNT as much.

It was able to PARK.

 "shifts and rotations of DEMAND and SUPPLY"  

" shifts in Populations of  Interest and their information sets "

CONSOLIDATION or REVERSAL ?

I would say atm clearly CONSOLIDATION

Another look here below

Look at these horizontal lines and what they are linking UP.

Notice how the Price action is in a bit of a no mans zone atm.

Motorway