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: ...
There is consistent dominance of demand over supply. Signs of strength with widening price spreads and increasing volume. The reactions (LPSs) have smaller spreads and diminished volumes. We are moving away from the trading range resistance lines. Based on this I think we are in the mark-up phase. Looking for some good pips on the way up.
Price has moved away from the resistance line and yearly PP. Price has retested these levels and is now moving away from the resistance and trading range. There is consistent dominance of demand over supply. Signs of strength with widening price spreads and increasing volume and reactions (LPSs) on smaller spreads and diminished volumes is still observed. The 'TDI...
There is consistent dominance of demand over supply. Advances (SOSs) are on widening price spreads and increasing volume. The reactions (LPSs) have smaller spreads and diminished volumes. We are at the top of the trading rand and moving away from it. Based on this I expect the mark-up phase to start soon.
As indicated last week we expected to find support at the resistance lines. There is consistent dominance of demand over supply. Advances (SOSs) have widening price spreads and increasing volume. Reactions (LPSs) on smaller spreads and diminished volumes was again seen. We are at the top of the TR. We should see the mark-up phase should start soon.
After a long downtrend $MU bottomed out and began a period of accumulation. It looks like $MU is about to enter the mark up Phase E and start a new uptrend. Besides the purely technical analysis, I want to point out that Micron Technology's business is a very cyclical one. About 60% of Micron Technology's revenue comes from DRAM, the rest comes from 'NAND'.The...
The market is again testing the Last Point of Support (LPS). These tests are noted by smaller spreads and diminished volumes. There is consistent dominance of demand over supply. Price has moved to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. We have reached such a point at the yearly PP and...
To confirm our analysis we are looking for a consistent dominance of demand over supply. Volumes are low in general but up moves are supported by higher volumes (21 day average volumes) and pullback even lower volumes. Price spreads are widening with the up move evident in TDI above 50%. The reactions at LPS are on smaller spreads and diminished volumes. Price is...
Similar to the NZDUSD pair we are looking for the breakout in Phase E to start of a Wyckoff view of the market. In Phase D if the analysis is correct we should see a consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, and reactions (LPSs) on smaller spreads and diminished...
Apparently the mark-up has not started. The NZD is showing weakness with divergence on the TDI and a break of the 21 Day OF. A great analysis by @IvanLabrie () seems to confirm this weakness. So I was too quick to call the start of Phase E. In Phase E if the analysis is correct we should see a consistent dominance of demand over supply. This is evidenced by a...
Been zippin through the timeframes. Looks to me like there's some accumulation going on and there's potential for a move upwards to last lost support.
I have been adjusting my view over the past weeks. My main view is that we are in an accumulation phase using the Wyckoff analysis. Sticking to this view we could have seen a back-up (BU) to the last point of support (LPS) at the resistance lines. If this holds we are now seeing the final test of supply around the area of resistance before a more substantial...
Last week I was wondering if we reached the ind of the ZigZag. On the weakly time frame price has broken above the Kumo. Looking at the daily chart the yearly pivot point has been broken and retested as support. The 55 day Oscillation Frequency (OF) around the Senkou Span B has held since September 2015 but now a break to the upside is indicating that the market...
ZG shows accumulation of position. Intraday behavior looks like limit seller presence with price stepping down.
The INDEX:MXX are in the accumulation zone at the weekly graph, and at daily and weekly graph are close to the end of an uptrend cycle. No more than 45900. this is a nice opportunity to go short or go out for few weeks. Ideas, comments, corrections. They are always welcome.
VRX is offering a good buy opportunity for next week, after taking off from a sizeable accumulation base. We can buy signs of strength (a new high, or the day turning up above the previous close). We can also look into buying on retracement to support at 34.92. Keep stops below 33.35 and if we open with a considerable gap up, cancel the orders and stand...
PBF has broken the inside downtrend line, forming a mode after rallying above earnings resistance. Free cash flow has turned positive recently, and the stock looks to be accumulated and ready to rally very soon. The dividend yield is quite attractive and I think we can see some nice upside in due time intil FCF yield is low again. Look to enter longs at market,...