Gang we have stumbled upon quite an interesting chart analysis on the infamous GBP/JPY. Here we can analyze from the past analysis that price broke tot he downside, instead of completing a wyckoff accumulation schematic it burrowed to the down side leaving us to questioned what happened a lot can be learned from the information presented to you in both chart analysis the prior and the update and ill slice it down, to perfect inch rounds. Here We Go. Mario.!
1. We screwed up into thinking that the PS phase had ended with GJ, It actually was continuing in a downtrend. Hence it wasn't over with Phase {PS} of The wyckoff Schematic accumuataion #1.
-- We in the process before knowing we had screwed up we took the Fibb level on what we assumed was {ST IN PHASE B} in the {YELLOW} box description to the upper left hand corner of our chart.
--We then noticed that said Candle which we threw our fibb on from the top to the bottom of the candle & Marked up our 50% Level That Price gave us an opportunity to sell down pass the 50% to the downside of our {ST IN PHASE B} in the upper left hand corner of our chart.
--We Also noticed that it gave us an opportunity for yet another sell entry perfectly marked up on the {ORANGE} Line that being the 50% fibb level off the Last St In Phase B, to then give an opportunity of entry for the ACTUAL Schematic of accumulation #1. Pretty Cool Right?
2. We Then continued to carry on and mark up our Schematic of Accumulation #1, After we noticed that the Actual Ps Phase had been over.
-- We Threw a fibbs on {AR} and Marked up our 50% Level As a resistance level *Refer to the Accumulation Schematic #1 To see why its a resistance level*
-- We as well Grabbed our fibbs and placed it on {ST IN PHASE B} From Wick to Wick, Up To Down, And Marked up our 50% we then looked to the right and it just so happens that the {SPRING} wicked into the 50% off our {ST IN PHASE B} Then took off.
--AR resistance level 50% Sell 50 Pips 1-2 pip drawback
--{ST IN PHASE B} 50% Entry Buy 120 Pips. 0 drawback
-- The Entry for a sell off the PAST , {ST IN PHASE B} {ORANGE} Line 70 Pips. 1-2 pip drawback.
TH... TH... TH... That's all Folks!, For this training and example i hope you got great value out of this. More to come soon Gang.
1. We screwed up into thinking that the PS phase had ended with GJ, It actually was continuing in a downtrend. Hence it wasn't over with Phase {PS} of The wyckoff Schematic accumuataion #1.
-- We in the process before knowing we had screwed up we took the Fibb level on what we assumed was {ST IN PHASE B} in the {YELLOW} box description to the upper left hand corner of our chart.
--We then noticed that said Candle which we threw our fibb on from the top to the bottom of the candle & Marked up our 50% Level That Price gave us an opportunity to sell down pass the 50% to the downside of our {ST IN PHASE B} in the upper left hand corner of our chart.
--We Also noticed that it gave us an opportunity for yet another sell entry perfectly marked up on the {ORANGE} Line that being the 50% fibb level off the Last St In Phase B, to then give an opportunity of entry for the ACTUAL Schematic of accumulation #1. Pretty Cool Right?
2. We Then continued to carry on and mark up our Schematic of Accumulation #1, After we noticed that the Actual Ps Phase had been over.
-- We Threw a fibbs on {AR} and Marked up our 50% Level As a resistance level *Refer to the Accumulation Schematic #1 To see why its a resistance level*
-- We as well Grabbed our fibbs and placed it on {ST IN PHASE B} From Wick to Wick, Up To Down, And Marked up our 50% we then looked to the right and it just so happens that the {SPRING} wicked into the 50% off our {ST IN PHASE B} Then took off.
--AR resistance level 50% Sell 50 Pips 1-2 pip drawback
--{ST IN PHASE B} 50% Entry Buy 120 Pips. 0 drawback
-- The Entry for a sell off the PAST , {ST IN PHASE B} {ORANGE} Line 70 Pips. 1-2 pip drawback.
TH... TH... TH... That's all Folks!, For this training and example i hope you got great value out of this. More to come soon Gang.