PERSISTENT SYSTEMS-
case of wyckoff accumulation with a pinch of salt for now
monthly chart on volume candles…
daily chart on volume candles[the current ascending triangle phase]…
So basically even though on the monthly chart the accumulation is visible,
looking a bit deeper in to the weekly and daily picture, the markup is facing severe resistance
with the fundamentals on track, why the composite group might not be able to launch adequate bull market campaign , is may be due to the general negativity and caution in the market and hence the supply is flowing back in…
i will be cautious here, as one cannot deny fresh evidence of distribtuion might have started…
personally, without a clear breakout , i will not be risking entry into this setup…
disclaimer… no positions