1 Possible Outcome Next Week. (Secondary Test of Climax). Note that SC is denoted by closing off the low with a long lower wick (stopping volume), signalling Panic selling where strong hands start buying heavily. Expect the price to revisit the SC area to confirm that supply has been absorbed. Given that
→ Volume: Decreasing compared to SC and AR.
→ Candle: Narrower spread, small body, low volume test; may form equal or slightly higher low.
However, it is better to wait for the Wyckoff 'Spring' → price dips below support, instantly reclaims it.
This is not a recommendation to buy or sell in these areas; just theories on where the market may go. Instead, wait for the 'Spring' and align with Elliott Wave Structure, Fibonacci retracement = 50%–61.8% zone, Volume is contracting → showing absorption, Price is in a clear Dow trend, that confluence zone = precision entry point.
If you do plan on trading the Secondary Test,
→ Volume: Decreasing compared to SC and AR.
→ Candle: Narrower spread, small body, low volume test; may form equal or slightly higher low.
However, it is better to wait for the Wyckoff 'Spring' → price dips below support, instantly reclaims it.
This is not a recommendation to buy or sell in these areas; just theories on where the market may go. Instead, wait for the 'Spring' and align with Elliott Wave Structure, Fibonacci retracement = 50%–61.8% zone, Volume is contracting → showing absorption, Price is in a clear Dow trend, that confluence zone = precision entry point.
If you do plan on trading the Secondary Test,
- Mini breakout structure (ChoCH) on 5m–15m if trading intraday.
- Bullish divergence on RSI/MACD/OBV.
- Accumulation volume pattern: high volume down bar → low volume test → up bar with strong close.
Attached Image (click to enlarge)
