It is not a great time to buy during the mark-up, better to wait for the reaccumulation range to form, but the buying volume observed in April is now playing out. When all the other stocks were having a selling climax in March we observed that there was significant buying pressure on Tongaat (See posts below). After some more high volume, we are now seeing a...
Multichoice has been strong. After a reaccumulation range and spring, we can expect the mark-up to continue.
Distell has formed a typical Wyckoff Accumulation Trading Range. After the Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST) in Phase A we saw a lower volume adsorption volume in Phase B and then a Last Point of Support (LPS). Now there has been a change in character with Signs of Strength (SOS) seen by the increase in volume and ease of movement...
Blue Label has formed an accumulation base (See the previous post below), broken out had a shallow pullback and is now ready for the markup. We are looking for a target of R5 and then possibly R8 giving some potential upside.
HS1! Scenario - Short Short from Resistant 1 Target 1 = 50% of range Target 2 = 26680 Extended target = Support 1 Support 2 = critical support Scenario - Long Would prefer to long at support zone Target 1 = 50% of range
Bullish pennant, Spike in volume, higher oil prices is the catalyst.
we have clear shark pattern near to completed we just will wait for price action rejection at the level as shown on the chart
we expecting bull back just to retest the strong resistance level than back to the support level at the poc to got the strong push by buyers
Description: An analysis for the week ahead. Points of Interest: Projections near $3,710.00, the micro-composite HVNode at $3,690.75 and $3,667.75, as well as the $3,682.00 and $3,640.00 balance boundary. Technical: During much of the week, participants lacked the conviction to break through to new highs. However, conditions markedly improved after...
Price broke descending channel and head and shoulders pattern, I'm waiting for retest of neckline to get long ...aggressive traders will try to catch the retest while conservative traders will wait for long term buy trade...
Strong Bullish Signal: The price tested the resistance, but could not break it out and corrected downwards. However, given the presence of the strong uptrend which was supported by the large volume, we still should consider that the smart money are pushing the price up. Volume Zones: We need to point out the resistance level 1.2155 - 1.2170, which contains the...
Hi, friends. I dont write for a long time. I like you make money on this great long on btc and eth. But today very interesting situation and i want to be helpful for my subscribers. We have a picture when market cant make money for future gross. Maybe just no money on purchases pockets ) X-Volume show strong short position to 18028 and then maybe to 17200. Keep...
Price formed a head and shoulders pattern and broke support level of consolidation to the down side I'm waiting for retest of Support and head and shoulders neckline and maybe a touch of POC before shorting this pair
OANDA:DE30EUR Price had been in a range. Would prefer to stay away at the moment. Resistant2 = 13497 - 13830 Resistant1 = 13222 - 13300 Support1 = 13019 - 13057 Support2 = 12684 - 12720
OANDA:NAS100USD Nasdaq broke previous ATH 12467 and established a new ATH of 12542 The same story goes: price advanced on very low volume . . . if you have eyes to see Resistant 1 = 12542 - 12494 Resistant2 = 12590 Resistant3 = 12655 Support1 = 12317 - 12350 Support2 = 12095 - 12127 Support3 = 11785 - 11812
Left side shows the city. Left side shows the town. Trend analysis versus range analysis. Might get a 5 wave or better. But we don't chase into resistance.. who does that? lol Waiting for appropriate volume situation and RSI target.
If you are in an uptrend (use the daily) you are going to look for a few key identifying factors for re-accumulation. One of the most useful ways to know the re-accumulation cycle ongoing is when an RSI set at 7 is below the axis level of RSI (50 level). If you are familiar with Wyckoff you want to look for your spring below axis (below 25-30 level even...
First a little show and tell. The chart below is the 3-day chart of the XRP/USD pair. The two lines you see are the 50-day* moving average (blue - yes on a 3-day chart and the 21-week (green) moving averages. When we have a 3-day life cross (black circle) and price action finds support on the 50-day an explosive move follows. The 3-day chart above of Spend we can...