$BTC #Wyckoff Accumulation - Aug 22st
After an extremely aggressive Spring event now is the LPS.
LPS in the Wyckoff Method stands for Last Point of Support.
In the classic Wyckoff accumulation schematic (Phase C → Phase D), the LPS is a secondary test of support that occurs after the Spring (or Shakeout). It represents the final successful test of demand before the markup phase begins.Key characteristics of an LPS:It usually forms as a higher low (or equal low) after the Spring.
Volume is typically lighter than on the Spring.
Price action shows absorption of remaining supply and increasing demand.
A successful LPS is often followed by a Sign of Strength (SOS) and then the “Jump Across the Creek” (JAC) as price leaves the trading range.
After an extremely aggressive Spring event now is the LPS.
LPS in the Wyckoff Method stands for Last Point of Support.
In the classic Wyckoff accumulation schematic (Phase C → Phase D), the LPS is a secondary test of support that occurs after the Spring (or Shakeout). It represents the final successful test of demand before the markup phase begins.Key characteristics of an LPS:It usually forms as a higher low (or equal low) after the Spring.
Volume is typically lighter than on the Spring.
Price action shows absorption of remaining supply and increasing demand.
A successful LPS is often followed by a Sign of Strength (SOS) and then the “Jump Across the Creek” (JAC) as price leaves the trading range.
