Dear Analysts and Traders,
In my opinion, the UNFI chart looks very promising. I see few things that suggest strong bull market in the nearest future.
I use my indicator, he’s set up for visible range analysis.
In first plan I can see accumulation structure compliant with Wyckoff theory. Events according to Wyckoff method and VSA, I marked with white letters descriptions. For me, very important is phase C of accumulation. In this case phase C tells me that supply is collected by Smart Money. I think that because phase C of market big structure takes lower tier of accumulation – events are marked by yellow description. In smaller structure I see strong building of case future movement. That’s not all, The Composite Man tested last low what I see as VSA pattern – no supply, this test is confirmed by strength cande with elevated volume. The structure have expected by me volume action and consistent to Wyckoff logic.
What’s next? I think that UNFI price will be raise to marked supply zone. If there will be subsequent accumulation and succeed Jump Across The Creek confirmed by bull structure above The Creek, I’ll be sure, that bullrun is coming. I will be monitoring this market closely.
Whoever reached the end of my thoughts, I thank you and I hope that the time to explore my thoughts was not wasted.
I wish You great trades and faultless analysis.
CatTheTrader