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...
GNRC Stock Price:102.78 Difference: $6.50 (undervalued) Over all Avg Price: $109 My Enterprise Value Price(enterprise value/outstanding shares): HKEX:122 True Price Value (market cap/outstanding): HKEX:104 Float Price (market cap/float): FWB:108 Market Capitalization: HKEX:6 ,470,000,000 outstanding shares: 62,030,000 float : 59,730,000 ev...
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! Learn to Read and Trade and Market
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:
Every chart has a story to say and this is the story of this one: This video explains a Wyckoff Spring and a PRL signal on Fib Area
Every chart has a story to tell and this is the story of this chart The Story: We are on a heavy down trend Broke Support Level but with a very high PVR This High PVR on the down wave were buyers. How do I know? I do not at that time, but I do know later on because price never broke the low of the down wave Fast move up The confirmation is the down wave...
This video explains how Wyckoff Up-Thrust is confirmed by Plutus using PVR, Speed Index and Plutus signals. Enjoy! Learn to Read and Trade any Market
This video explains that the possible Wyckoff Spring did not occur! Patience is a virtue as they say because we have not entered Long on the pullback after the break and we were waiting for speed index confirmation. Enjoy! Learn to Read and Trade any Market
hi Technically, the sushi token is in a good area for buying transactions, and despite the divergence in the 4-hour time frame, which can be seen in both RSI and MACD, this analysis has been further confirmed. Make money 🔥 Comment your opinions, I will read them
This video explains the logic behind this short trade. Enjoy! Learn to Read and Trade any Market