Solid accumulation on the 1 hour time frame, also hitting leg start offering optimal risk to reward.
After selling was absorbed, CADC formed a hammer with solid volume. It now appears to be in accumulation, waiting on a breakout.
Based on Support/resistance, I estimate target 1.35. It can go higher based on P&F.
On accumulation schematic, price broke Automatic Rally line. Once back up to it and show "no supply" on lower time frame, I will consider long position.
I'm expecting pullback to AR, which is 107-107.5, ideally spring / ABCD and continue uptrend. From point & figure chart possible target 120-122.
Using a mechanical-only approach to analyzing the market can provide disciplined, unbiased and unemotional projections. The AUDUSD has been building a base down here for the last 9 months where every single month has traded between 0.75 and 0.764. The trend-indicator "RgMov" hit a new 44-bar high in early 2016 which pointed to opportunities to buy 11-week...
weekly blocks have been touched, with a lot of resistance the 1 hour clear resistance was violated the 4 hour level of 1.208 should be touched as a first target (green line) the huge void created liquidity accumulation has happened before to build charge take out stops and then come crashing down like before.
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy! Ethereum Classic is giving off many signals that trend is shortly reversing. The pattern is clear to see, there is a triple bottom forming, the price has been fiercely defended at the current levels, on the...
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This...
Some remarks on the price evolution of CS Credit Suisse stock was in a downtrend which ended with a selling climax (SCLX) on February 11 this year. After that CS showed signs of being accumulated. The Brexit vote initiated a huge shake out. During this shake out it broke below its trading range, after which it trended back up into the trading range. Here it...
Eventhough Friday closed down on wide spread it is a quite bullish signal. Why: because all of that wide spread was backed by low volume which in Wyckoff law of effort and result is little effort resulted in strong downmove which is an anomaly, some would call it false breakout. To back out theory of false breakout we have low volume weekly downward movement, if...
With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area. The goal: buy as low as possible in the Buy area to start off with a nice solid position. Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
We have shortening of thrust on way down. The last swing before trading range has very high cumulative volume. It indicates possible hidden buying. The current range could be accumulation schematic. 2 possible bullish scenarios: 1. Price false break of trading range (spring) and goes up. While breaking the creek, there is possible backup to the creek. A spring and...
Cant help but think with the Bitshares Graphene technology and community it may be a good buy right now.
Cant help but think with the Bitshares Graphene technology and community it may be a good buy right now.
After a downtrend $CS reached multi-decade lows. It appears that here Credit Suisse Group stock was, and still is, being accumulated. Currently it looks to be completing phase C to enter phase D.
We may've reached a vital bullish orderblock which is in the way. The monthly shows potential signs of a continuation in downtrend.
I wanted to take a moment and train myself into recognizing the ICT accumulation / reversal / distribution. We can see this pattern come back to us on many occasions but this one is particularly easy to spot and so I'll happily take this chance to set this in stone for later reference. Inside fractals We have got buy and sell fractals generally consisting of: ...