2 inside day candlesticks are forming in ZM as a coiled spring is forming on the lower timeframes. ZM has not participated in the recent market bounce and seems to be acting inversely to the action. Watch ZM to start breaking out today or tomorrow above 147. Long @ 147 Stop Loss @ Below today's low. Target @ 180
Well, we know what is happening right now rgarding Covid-19 considering that could be a possible spring wich can be helpful to make a little profit , but becareful , the market is still bearish. I would enter a position with a tight SL. Target 23 If more than 23 , i could be a trap .. becareful. I hope this is helpful , I tend to share my ideas and I would...
After dropping below the trading range, the yearly pivot point and 200 Day SMA, today it has rallied and is showing a reversal bar. This looks like a spring and what is expected now is for the markup in Phase D. Due to the high volume we may have a test of the spring again to use up the last bit of supply but in the weeks to come we are looking for a markup to the...
The closing hour today printed a type 2 wyckoff spring which means it tested support to a moderate depth compared to the selling climax and also moderate volume. This is bullish and means this more likely an accumulation zone than distribution however because it's a type 2 spring there are probably going to continue to be tests lower in the range to fully shake...
"To the moon, to the sky, to the highest ever price!" - this is what you will see and hear everywhere after BTC will reach 13k+ in April. But be smart. Bitcoin is in a phase of tremendous volatility and that means the short-term nature of any strong movement.
XAUUSD Buy setup. I figured out WYCKOFF theory in Gold. Every wave was easy to predict. expecting more buys in gold. previous Charts
On the left we have the coinbase 4hr chart from October. You can see the shakeout drop from 7990 to 7300 There is a spike in volume which acts as a spring to pump price to 10540 On the right we have the coinbase 4hr chart from November. Don't be fooled in to thinking this is the same price action. After distribution finished, the price dropped. Slowed by the...
BTC descending channel with HTF horizontals and descending resistance. Keeping it simple with lower green demand pool highlighted.
Good morning traders. I hope my continued insistence on risk management over everything else has gotten through to everyone. Yesterday's surprise news -- the Binance "hack" -- was a good example of the importance of risk management. Price dropped just over $200, as a result of the news, which liquidated many traders. The positive side to this is that Binance will...
Investec has formed a Trading Range (TR) after Preliminary Support (PS), Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST). There has been low absorption volume in Phase B and we have now seen a spring and test in Phase C. After the test is done we can expect a markup in the TR in Phase D to the top of the TR.
Famous Brands was in a Markdown until the end of 2017. The downward stride has been broken after a selling climax and low volume accumulation. We have now seen a spring form and tests on lower volume. The expectation is for the markup in Phase D to start back to the Yearly Pivot Point before a potential Markup in Phase E.
NEPI has been range bound since February. At the end of November we have seen a spring on high volume. There has been a lower volume test and I am waiting for a good bullish bar to start building a position and a jump across the 200Day SMA. However, some caution is still needed as the 200Day SMA seems to be holding. There is divergence on the Volume RSI confirming...
Good morning, traders, and Merry Christmas Eve. Bitcoin has been offering itself as a great present this past week and it looks like we've got some more upward momentum coming our way. I've got multiple things noted on these two charts, so take some time to understand it all. The 4H chart gives us the bigger picture. I have the large green accumulation TR noted...
Hello traders. Going to open a short position around this 4170 area at the next 4hr red candle for several reasons : - We are around a 0.786 Fib Retracement from the previous 4.4k top and 3.1 bottom which is a key level for reversal. - We are making a nasty bearish divergence on RSI, MACD and Stoch, they have proven their worth during this bear market. - It...
Good morning, traders. I was wrong yesterday and it appears that Bitcoin had one more leg up. This is why I continue to stress the importance of risk management, not only in your entry but also in your exit. If you watch my morning live streams then you know I consistently discuss the importance of having your exits figured out before you enter a trade. This...