Wyckoff Accumulation Event - Phase E (Textbook Trading Patters)
"Phase E: In Phase E, the stock leaves the Trading Range, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level Trading Ranges comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These Trading Ranges are sometimes called “stepping stones” on the way to even higher price targets."
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