This idea is testing the Accumulation Phases of Wyckoff combined with Trend Analysis.
Initial target 520, then bu/re to 545 If rejected markdown to 470
Okay traders hope you have a great weekend ! after a unusual drop in November price recovered very soon with a very good strength ! but it trapped in long term side way ! but its a good thing and why is that ! it shows us that the price does not want to see that lower prices anymore ! so the price tested the key level of the previous drop and ready to go up !
The recent correction seems to have dived a bit too close to short-term support. This raises the question, were institutions building liquidity to continue bullish momentum, or are we seeing signs of diminishing demand? The answer will be determined by the ability of the price to break out of the trading range with enough volume to sustain a clear direction &...
Every chart has a story to tell and this is the story of this one: We have been trending up until we have hit resistance After the hit we start ranging around resistance area Last up move fails to stay above resistance Next up wave has an Abnormal Speed Index of 27.2 = HTMU (hard to move up) = sellers Plutus confirms the short with two signals PRS (Plutus...
For now, I think this is the way to go. Of course, it's a long-term idea; the final target is for 2024 and next. XAUUSD (Gold Spot) is forming a Wyckoff pattern and I see a drop in the chart. As always, not financial advice :)
Because we don’t know what the future holds, everything is conceivable within the parameters of probable future outcomes. Let's see where it goes.
Distribution phase in MIL:TISG according to a Wyckoff pattern. Watch out below
Using volume to price analysis in correlation with market cycles of accumulation and distribution (Wyckoff), I believe that NASDAQ:HYMC is setting itself up for a strong reversal to the upside on this 'test' region: double bottom. During the mark-down phase, NASDAQ:HYMC exhibited several stopping actions up until the massive change of behavior that came with...
Ok Traders ! hope you enjoying your life ! first of all what do we want to see in phase c ? -strong rejection: point of fear : traders start to panic in downtrend and close their positions and open a new short positions to take gains . participation of buyers : for fundamental reason market makers and other whales see an ...
Markups on the chart. Long setup continuation of yesterday's push up. Phase D w news catalyst later at 10 Could reverse but biased towards tagging Monday's high opening range.
Every chart has a story to say, this is the story of this one: We have been up-trending until we hit a Resistance level coming from the Daily chart. Some Sellers at the top with PRS signal Pullback to Fib and buyers are there again Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at...
Annotations and markups on chart. If price respects the low bear resistance and gets up to break M15 supply, we freaking buy! $$$$$$ Sell Setup is just a straight away sell. Heavy selling pressure present but we are at previous levels of month, week, and day. So, we'll see. Good luck, traders!
Examining a Resistance Level and if we are going to break it.
Every Chart has a story to tell this is the story of this one: We have been down trending with Plutus Short signals The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again. We a have few pips left to reach 61.8 (get some profit...
This is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in...
This idea is based on Wyckoff's method for calculating target objectives using the Point & Figure chart. The premise behind it is that NKE's shares are currently being accumulated prior to a break out that will go beyond all time highs. All other information is on the chart.
This video explains the Long Entry after the Exit from Range with PRL. A Classic Entry for the SI traders