According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the...
So this is the re distribution phase coming to a close with a type 2 schematic a classic head and shoulders and we ever had a spring on the 15M. I am looking to see a move to 47k maybe 46,600 and possibly a retest of 42K.
Hello Traders We are nearing the end of a 3 weeks trading range on gold. Liquidity for demand was grabbed at the lower levels all this time and we might be on to another Lower Low and/or Spring action for an explosive rally to the upside. Possible TP would be 1825, and any long term TP could be the 1900s, but as always with gold, tread very carefully and dont...
EURUSD looks like it is setting up to provide some great momentum heading into 2022. The daily and 4h timeframes are still showing bearish market structure forming lower highs and lower lows, however, price has now paused and started moving laterally at a weekly demand zone. This is key. Price action looks to have the classic features of an accumulation or...
We are dealing with a consolidation at the level of 48-50k. It is possible that we will still reach the level of 46500. If there is a very quick return with the wick, we will go up quickly.
#ETH showing potential signs of Institutional Absorption here. By using Wyckoff Method of Analysis we can try and predict the direction of sideways movements by using identification characteristics on the Wyckoff Schematics. They are to be used as a general guide and paired with volume for a sound analysis of a probable direction. Read below for some intro...
Briefly and to the point - VSA Scanner shows the incoming demand on the H1 chart on the Cable (GBP/USD) in the form of the protected zone and the occurrence of two Shakeout signals. The zone was broken on top where Effort to Rise was visible. Additionally, the broken zone from above was tested by the appearance of No Supply. We are in the volume zone on the D1...
A more positive idea, seeing the bullish divergence playing out. If EGLD is able to keep the recent low volume of sellers and make a relevant higher low... Quoting some parts of the original article where they suggest this Wyckoff schematic of Gradient of Rising Bottoms at the very end of it: "Richard D. Wyckoff and his Associates time and again pointed out...
It's been a long time I haven't posted anything, I've been active on Telegram (@TrendySquadTA) rather than at TradingView. I have drawn daily Wyckoff distribution pattern on May once BTC tops, 3 tops with bearish divergence, but this was only the first leg of weekly wyckoff from 3 possible - BC, UT, UTAD. It doesn't mean this will play, but if so, better to know...
BINANCE:BTCUSDT My analysis is based on the Wyckoff Method. Once I identified the current consolidation area as ACCUMULATION , I used a horizontal column count on Point and Figure (PnF) chart (box size = ATR) to calculate a projection of the up move that should result from Cause accumulated in this consolidation area. If you are familiar with Wyckoff...
Yesterday i published a total image of the Wyckoffian logic scheme. Now, lets zoom in to where we are now. Let me know your thoughts about this
Hi, This Schematic might come true and might end up failed at the end. Since bitcoin is very uncertain and might fall. this is just to review an example of this deception-based method. Follow and like to support
Well how is it going so far guyssssssss Not depressed yet? hahaha Hey take care, and well I hope this charts gives some insights in this quite manipulated market.
Are you trading EURJPY pair ? This post was a Wyckoff analysis Price was created Equal Lows so it's better when we move SL to BE and take partials profit. ------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for...
Alright people, In my previous analysis i've pointed out this distribution schematic on a weekly timeframe. I've digged in further. Re-evaluating the whole structure since last October as distribution changes everything! The first step to confirm this schematic would be loosing 43.200. Once lost, we will enter in to the previous accumulation zone and POC of...
Are you trading Gold ? Gold could re-test 1775 level so we also need confirmation before enter long positions. See previous posts below ------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also...
Are you trading EURJPY pair ? This is a Wyckoff analysis in forex. Price was created HH, Sign of Strength Now, i'm waiting for backup to enter long postions. ------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example...
Hi everyone! I see that price has come to a critical support area and i am looking to catch a long back up to the top of range, i feel that price is likely to test Asia lows. ENTRY BUY LIMIT @ 113.307 Stop Loss: 113.262 (Add Spread) TP 1 (1R): 113.353 (Stop Loss → Break-Even / Scale-In) TP 2 (3R): 113.444 (50%) TP 3...