Not every formation works!!!! Wyckoff Spring that failed!

That's an example of an ideal Wyckoff Spring formation that did not work. This formation is ideal because we have overshoot of a 61.8 Fib retracement and the next down wave it's a very slow wave with Speed Index 13.1 which means that buyers are coming in, not letting the price go down.

Unfortunately that Long did not work for too long. As Mark Douglas notes "Every Trade is Unique" no matter how ideal the pattern looks. Yes, you might read it right but a after a few hours the banks or the funds decided to short it or the selling was too strong in the background or ....................... or ................ or .................

Too many "ors" so do not get crazy on why did this happened. But "Takis has told me that this a very good pattern formation". Just move to the next trade without going crazy about it.