Trade Proposal: There is a probability of first tp to the proposed ( 20.16 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: USDMXN Waiting for the Range Bound and the beginning of the Ascension Trend.
Phase A. Stopping the previous bearish trend. • PS. Preliminary Support. It's the first attempt to stop the downward movement that will always fail. • SC. Selling Climax. Climate action that stops the downward movement. • AR. Automatic Rally. Bullish reaction. An upward movement that sets the maximum range. • ST. Secondary Test. Test of the...
Looks to be in Wyckoff distribution.
Hey everybody! i liked wish before it became a mainstream on the wallstreetbets forums and now i have some warning points i would like to share with you: 1. The company is doing insanely big volumes vs it's market cap & 2. All retail investors have an eye on it ( bad sign for me) 3. Possible distribution on the 5 and...
I am comparing the re-accumulation zone back in January to now. Both the differences in the pattern and also the differences in the indicators. Volume, MACD (the histogram portion) and RSI currently are showing weakness after showing a bit of strength which is the opposite of what was shown during the accumulation stage in January. A point of interest on the...
The purpose of this publication is to examine the ETH USD price over time in the context of Wyckoff accumulation and distribution schematics. It appears that we entered a period of distribution or re-distribution in early May with a buying climax (BC) observed on May 10. This event was followed by an automatic reaction (AR) and an upthrust (UT). Resistance lines...
Are we in the PHASE E of the Distribution Schematic?
Hey Team, I have been monitoring BTC for sometime and reviewed the previous re-distribution on the early 2018 drop. I am calling a low from here with a couple of key things noted on the chart. * I have noted 3 rallies; just by visually observing you can see structural weakness. The last rally has been cumbersome on really bad volume. * Look at the down...
Hi, Community, I'm fairly new to trading; so this is a question, not really so much analysis. I read this article a couple of weeks about Wyckoff and decided to see if I can find it before it finished its entire cycle. So I started with Eth on a 3hr, and this is what I came up with.
Idea for Gold (XAUUSD): - This is a Wyckoff Distribution Forecast of Gold. Wyckoff Definitions: BC - Buying Climax SOW - Sign of Weakness UT - Upthrust LPSY - Last Point Of Supply Wyckoff Phases: Phase A - Stopping of prior uptrend Phase B - Building a cause for preparation for a new downtrend Phase C - Test of remaining demand Phase D - Supply showing...
Potential Wyckoff distribution schematic on the 5m Chart The pair is over-extended to the up side and is ready to move to the down side. If it is wyckoff, we will be entering the last two phases before the sell off. As usual, trade responsibly and use appropriate risk for your account.
Hello everyone, This is not my idea but I got this from uncomplication from Youtube on how Bitcoin follows the Wyckoff Distribution Phase. It was uploaded a month ago and I tried to update it myself and see where we are now. Wyckoff is a method that consists of 4 phases: Accumulation, Markup, Distribution, and Markdown. Currently, Bitcoin is in the Distribution...
Hi everyone, This is early to tell but based from MATIC's price movement against USD, we may be following the Distribution Phase of Wyckoff Method. Initially, we may have already reached the Buying Climax (BC), with this it had an Automatic Reaction (AR) then went up to do a Secondary Test (ST) of the Buying Climax (BC). What's next? We're looking for sign of...
Last week of May 2021 we entered phase c of the wycoff distribution which is utad. This took out old highs We are currently testing the utad Price is expected to react around 79.865 then drop
$7200 looks like Wyckoff Distribution ( H&S) top pattern $101 critical confirming point.
Trade Proposal: There is a probability of first tp to the proposed ( 0.87 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: TWTUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
Trade Proposal: There is a probability of first tp to the proposed ( 68.0) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: OILBRENT is in Downtrend and It is Expected to Continue Downtrend.