NZDUSD bearish price action at top of down trend channel with low volume.
Spring further confirm by breaking down channel. It is bullish flag. Target 0.887
Aussie retraced last move down. There is no actual volume supporting move up, which suggest it is correction / redistribution.
TBBK went through a major downtrend in the 2014/15 timeframe. A distribution zone preceded this downtrend with a price potential in the $2-$3 range. The stock did achieve this price potential. Over the last year the stock developed an up-trend in the monthly graph. Looking at the daily/weekly graph one can observe a narrow accumulation range, last week the price...
MYL rose from ~$25 in 2012 to ~$80 in 2015 with a 12months re-accumulation period in 2014. This re-acc period generated a price potential of ~$90, potential that has not been reached. In mid 2015 the stock went through a short, 3 months, distribution phase that generated a price potential of $36 (a down move) - this target has been met in late 2016! Starting rom...
Clearly visible on cumulative volume selling pressure - falling through the ICE pattern. Wait for pullback and go short.
* Wyckoff Analysis * Distribution Phase * Doji @ top #Invalid above 12050
I personnaly think everything is on the tape, including comments. Do not hesitate to ask questions.
After ride to suport level, time for retracement 38 or 50% (come back to ICE) and continue move down.
Although the entry is in the daily, weekly timeframe also merges soon, potenial entry zone for long distance runner, if not, still a valid early trend entry on the small daily-weekly time-frames. hopefully the upcoming momentum will be enough to distance from current location and proceed to the higher timeframes trend potential.
Break out trend channel. Going up in anticipation of USD correction.
Break down trend channel. Anticipating USD down, gold up.
After spring, USDPLN most likely continue up to 4.3 to upper line of trend channel and upthrust last high. It can be about FOMC next week.
Based on Support/resistance, I estimate target 1.35. It can go higher based on P&F.
On accumulation schematic, price broke Automatic Rally line. Once back up to it and show "no supply" on lower time frame, I will consider long position.
"Bargin price", after failed news and into supply zone + oversold zone. evidence of buyers and increased volatility, could be a quick one.