The distribution phase is the third stage of the cycle and it is where the bears are attempting to regain authority over the market The price action on this chart at this stage is flat. One indication that the market is in the distribution phase will be the sustained failure of price to create higher lows/bottoms on the chart. The price action begins to create...
Previously, I made a chart where I have shown how Accumulation Phase #1 was executed. Now, It's going to start with Distribution Schematic #1. Let's see how it goes.
EUR shows mixed trading dynamics against USD during the Asian session, consolidating after a strong decline last Friday, which was due to the publication of a strong report on the US labor market for July. EUR continues to trade near the local lows since April 5, waiting for new drivers to appear on the market. However, today there will be few interesting...
Caught this wyckoff distribution pattern this morning. Looks like ETH could retest 2700.
My mistake was not noticing the glitches in the futures, I’ll be honest, it’s not the strongst Accumulation I’ve ever seen, and also it was a tricky range, I thought it was a distribution until the very end, but noticing the strong bull movement in the end made me to check again the chart and see the change of character in the end.
What a run for Bitcoin the last couple days! Really loving in. But as we just created a higher high, took out some of that buy side liquidity and starting to see some distribution at these highs on seconds charts, I have set an aggressive low-risk entry to take back some of that liquidity that was formed on that massive push up. Normally I would like to see...
Gold prices show a rather active decline during the Asian session, developing a "bearish" signal formed the day before, when the instrument was pressured by the growth of US Treasury bond yields and expectations of a tougher position of the US Federal Reserve on the reduction of existing stimuli. At the same time, gold ignored the fact of the decline in USD, which...
Buy to sell. NFP might form the SOW and take out buy side liquidity
W is facing serious headwinds with spending on goods declining rapidly as the economy opens up and services come back. Price action on W over the last few months has formed an almost perfect Wyckoff distribution pattern. We are now in Phase E, and there is a long way down.
The Canadian dollar weakened slightly against its U.S. counterpart on Friday, but ended a volatile week higher as investor sentiment improved and a preliminary estimate showed Canadian retail sales rebounding in June. CAD weakened 0.1% per greenback. For the week, the Canadian currency gained 0.3%, after three straight weekly declines. Canadian retail sales...
The pair is consolidating this month and struggling to break above 0.92. We will see possible bearish continuation in the following sessions.
Wycoff distribution on EU Look for sells during london session
Look for sells during london as it has formed a wycoff distribution
Short-Med term bearish, long term bullish ( i believe this cycle still has to finish correcting before we can start accumulating foe the next one). Just my own opinion but I'm seeing that everyone is all bullish because we've just had a pump, & people are now thinking we're in the Wyckof Accumulation phase.. Are we forgetting that the Wyckoff Distribution has 2...
From what I see; BTC if following the Wyckoff Distribution #1 chart. Where we are in close to the end of the Last point of supply and begin our decent downward to our Sign of Weakness and begin our Accumulation phase. Educated guess that the Selling Climax(SC) in the accumulation schematic will be around and/or below 18K.
likes like the big boys no longer have faith in netflix We are in phase D of the distribution. Still waiting for a major sign of weakness to fully confirm its a downtrend but so far things are good.
The market did move narrowly and had a fake breakout. That is typical for whyckoff phase D during distribution. PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often...