Wow, price has finally reached the weekly demand zone we have all been waiting for! Will we see immediate price reaction? OR Will we see a slow compression delivery to manipulate key level buyers before the true bullish move into the break and retest liquidity comes in? Vote BELOW!
WYCKOFF METHOD It describes how the whales and institutions look at the market and trigger all stop losses
Wyckoff Re-Accumulation schematic. Looking for a last shake-out. If we manage to see strength at the next shake-out, the spring event could be considered as confirmed. Manage your risk accordingly if you follow this.
Hey all, I think GCO is in the beginning phases of a markdown phase. It is a retail stock(which I have a very bearish thesis on through year-end). I'm not currently short on this stock, but I would jump at the opportunity to get short should it get back into the high 50's. Considering it ran over 1000% from the pandemic low to its highs, it has a lot of...
So I've been wondering how to differentiate between accumulation and redistribution. Today I realized that it's possibly just a matter of watching what happens after the sellers climax / Spring: If after the SC we directly get aggressive AR (breaking previous Lower highs) and some STs (AR morphing into BC) then we'll wait for the UT and know we've switched...
Wyckoff accumulation out of a falling wedge. Target $85k+
I made a previous Wyckoff chart too early on and I imagine lots of Bears were expecting a dump a lot earlier than how it actually happened. Now we are at this point, the situation is very clear. I can see this whole dump has been circled around the Monthly close. Now sometimes, there will be an initial Bull trap pump on the Monthly close, so I won't be setting...
Welcoming a guest, @hugginsleexxv and I are describing our perspectives of Bank of America's future trend, buying opportunities, and price projections using methods like RSI, WYCKOFF, TRENDS, multiple MA, Linear regression
I posted the bigger picture view in my previous post where I provided the context for this idea, which is my near-term projection with 2 most likely paths of price action from current level)... see context overview below: To summarize: - the main pattern I am watching is the completion of wave C of an expanded flat - this is potentially wave II of a larger...
Hey everybody, I've been noticing that the patterns leading up to the fakeout rallies in March have been repeating themselves in numerous market-moving names- namely NVDA, MSFT, and AMZN. I think there's a strong possibility that AAPL goes to test new lows in the next two weeks, only to be met with tremendous buying pressure that will subsequently lead to a...
Hey guys, As the other names in the market have been crashing, DE has always stood out to me for how well it has held up to this point. That being said, I do not expect this to hold up for much longer. Starting with basic fundamental analysis, DE is overvalued compared to its historical figures- the stock generally is usually at a single-digit P/E ratio, but...
Hey everybody, I've been following MOO as of late as I'm currently short DE and waiting on an entry for CAT short as well; I've noticed that it has essentially been forming a Wyckoff-style distribution pattern, and is one of the few sectors in this market that isn't brutally beaten down at this point. I'm currently expecting a countertrend rally upwards in this...
Hey y'all, On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be...
I believe TEVA is accumulating, you can see many tops and bottoms are being liquidated. It is a whipsaw for traders in phase b. However, i believe we are going to get a test that will send us outside the range on good news
THETA/USDT Long Setup Wyckoff Method. Strong break 1.54 possible confirm Long Setup. TP1 : 2.27 TP2 : 2.75 TP3 : 3.32 SL : 1.00
It is fitting that just after the Solstice we find ourselves considering terms that connote a change of season. The Wyckoff Spring, just like the Solstice, is a pivotal event that signals a change in trend. The Solstice signals a change in the trend of daylight hours in the day. The Wyckoff Spring signals a change in the trend in asset values. Or more...
We are getting to the end of a monthly elliot wave cycle and I am expecting a reversal and distribution pattern to play out. I am not going to try to catch the very top but wait for a stop loss hunt/UTAD to play out. I do think we should see exhaustion of buyers soon. The peak in volume and evil wick we got recently I am taking as a sign of weakness, buyers...
Next year blackswan turbulance could bring us a massive wyckoff accumulation in BTC