Classic trade for the SI traders. This is an Exit from Range trade with PRL signal on the exit of the Range!.
Not much to say!
Enjoy your Weekend!
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This Entry is called "Exit from Range with Plutus" a classic textbook entry for the SI traders. The result is 69 pips so far!. Get some profits in the bank.
Enjoy!
Learn to Read and Trade Any Market
Plutus got the short yesterday with the Exit from Range with PRS and the Long today at Support Level with a PRL signal. The result 55 pips , time to get out at resistance again.
Every chart has a story to day and this is the story of this one:
We are up-trending
We are retracing with a low SI
Hitting Fib area
After the Fib hit have a Wyckoff Spring signal from Plutus
The result : 34 pips from entry - move stop or get some profits out would be wise since we are in a resistance level.
Enjoy!
Learn to Read and Trade Any Market
This a classic entry for the SI traders on a ranging environment.
This entry is called "Exit from Range with Plutus" and in this specific case the signal is a PRL. The result is 28 pips so far
Enjoy!
Learn to Read and Trade any Chart!
Hi everyone,
Current state looks like an 'Accumulation type #2', and I would expect the following move of the price upper from 0.5 of the wick.
We have lots of liquidity at the top, and sweeped enough liquidity from the bottom side. If switch to the 1W or 1D timeframe, we can see, that the last move has taken the key liquidity from the bottom side.
I had been shorting NIO stock due to the very apparent downtrend as portrayed by the 50 and 100 EMA. However, I noticed that the swings from high to low were getting narrower, signaling a loss in momentum. Throwing some zones on the chart, you can see a small trading range has formed.
I compared the Wyckoff accumulation schematic to the NIO chart. The schematic...
Ive discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below.
Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a...
Yet another Wyckoff pattern. I believe this pattern matches the Wyckoff schematic shared in the chart. I am making my list and checking it twice...
Wyckoff checklist:
PS—preliminary support, Done
SC—selling climax, Done
AR—automatic rally, Done
ST—secondary test, Done
Spring - optional, Done
Test— test, ACTIVE. We are looking for a series of higher lows to...
Sell trade in my account (MT5)
Valid DROP base Drop scenario ---> wyckoff distribution
I wait for valid BOS in lower and higher TF then entry at mitigation of 15 min IC in the structure.
RR: 1:9
take home 1:7 only because of my set TP in mobile.
Note:
for study purposes , please check my charts published.
This idea is based on Wyckoff's accumulation schematic. Based on the recent price action, BABA has shown sign of strength when it jumped out of the creek and retested its upper limit 2 times now.
Based on the accumulation count, BABA should move pretty fast to 430-450 once it breaks out of the upper range limit of the accumulation range.
All info is on the...
I have several time frames I have charted for this going over everything I see. RRR is red rock resorts in Las vegas nevada, and both my fav casino which is off strip about 15 mins and one of my fav stocks to play.
I am huge on wyckoff , demand and supply, volume tracking, price targets based off the prior, and control box master pattern targets...
Every chart has a story to tell and this is the story of this one:
The Story:
This is David's Weis concept shorting of thrust, a price moves up price waves get shorter.
On the the last volume we have an abnormal SI of 24.1 = HTMU (Hard to Move Up) = Sellers =Short on the downwards break
Simple as that!
190 pips so far
Enjoy!
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Bitcoin dominance shows similarities to Wyckoff accumulation here, getting ready to enter into Phase E after SOS in Phase D.
This chart inspired by a comment from @averkie_skila on my previous Bitcoin Dominance chart here:
