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BABA is definitely in wyckoff accumulation. It’s just a matter of if it is in wyckoff with spring or with no spring. My bet is that there is no spring since this new LPS retested the multi-year downtrend resistance as support, and is trying to reclaim the 200 day moving average. If it reclaims it successfully, high chance of SOS soon. No Spring schematic here Spring schematic here Any thoughts? submitted by /u/dep15105 to r/wallstreetbets |