The VSA Guy

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Joined Sep 2019

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CCK - First Pullback from Accumulation

1. Shakeout completed
- removal of weakhand holders

2. Long period accumulation
- Shakeout in accumulation
- False breakout in accumulation
- Lots of upbar with increasing volume

3. Change in trend with high volume
- Pullback
- Testing major resistance
3 years · translate
Not 100%, just look at the current setup, risk to rewards and strength of the chart
4 years · translate
Yes, likely...good setup
4 years · translate
Pullback with low volume...
4 years · translate
Tested well now at pullback
4 years · translate
Completed reversal. Look for low risk entry with pullback next week
4 years · translate
Testing for supply at support level
4 years · translate
Closed with Up-Thrust. Might pullback to support for re-entry opportunity
4 years · translate
Still forming Up-Thrust for now. Will monitor till the end of today.
4 years · translate
KNM back to support at re-accumulation. Notice formed few Spring and Test bars
4 years · translate
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