$XONE Chart Review (see notes)

Seasonality Chart

September has been a tough month historically but October has been consistent bullish.

SEASONALITY

 

Wyckoff Distribution Schematic

distribution

 

Wyckoff Accumulation Schematic

Accumulation

 

Point and Figure Chart

XONE PnF

 

Bar Chart (Weekly)

XONE BARCHART WEEKLY

I think XONE is promising and is under organized accumulation in the process of breaking out of consolidation to start the next phase: MARKUP.

That said this is a crappy entry for any new long.  I hate buying into  resistance.  Be careful if you are.

Where would I enter?

  1. After a breakout and confirmation that resistance is support
  2. TEN BUCKS

Good luck traders!

 

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