September has been a tough month historically but October has been consistent bullish.
Wyckoff Distribution Schematic
Wyckoff Accumulation Schematic
Point and Figure Chart
Bar Chart (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?
- After a breakout and confirmation that resistance is support
- TEN BUCKS
Good luck traders!