Schematics for my sell order on DGB. See the chart. Good Luck!
Distribution: Wyckoff Phases - without UTAD. Phase A to D completed perfectly. We now have Phase E. After the significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation. (Which is basically the completion of the Wyckoff Phase) Now we have the break of the structure. We are likely to see a re-test between 0.236 -...
Posting an update to my analysis from the beginning of the week. Since my previous update, we saw a clear sign of weakness. Then the price created another creek and after this final distribution, created one more thrust before consolidating then starting the descent down. I entered at the imbalance as I wasn't expecting another UT before pushing down. The entry...
When I was looking at the structure of EU, I was thinking that we were going to see continuation. I am actually still in a long trade as we speak. But EUR is quite weak and we have yet to see any sign of continuation nor break of structure. The more I look at the structure, It appears to be distributing more than accumulating. As such, I have changed my...
Experimenting with Wyckoff schematics. Wyckoff's distribution schematic #1 (see link) creates an ascending triangle or rising wedge shape, before a final Up Thrust After Distribution (UTAD). Chart References and Acronyms: PSY —preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price...
AUDUSD 4h price looks as though it has entered into Wyckoff Phase C (UTAD price testing) for final Supply test before suppressing price lower. Looking for a 12:1 R:R with stop loss placed above tail of large Doji .
EUR/USD settled below the 20 EMA and is trying to settle below the support at 1.1990. Fundamental Reason:- Euro Is Under Pressure EUR/USD is currently testing the support at 1.1990 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index has recently managed to get above the 20 EMA at 91.35 and is moving towards the...
Hey tradomaniacs, It is getting a little bit tricky now for the stockmarket with the so called "stagflation" showing higher prices for assets and consumer goods (inflation) while the economy stagnates. 👉 An example is the yesterdays weak U.S ISM Index while prices generally rise (Wood,Wheat,Coffee,Gas etc.)❗️ So the question is: How can the central banks...
Based on studies of the Wyckoff Method. school.stockcharts.com
OANDA:XAUUSD Price has tapped into a higher tf order block and created a wyckoff schematic. XAUUSD will most likely move up to test the next order block as marked, creating the LPSY (last point of supply) before moving lower. This will just be a short term sell as XAUUSD still looks very bullish on higher tfs. Would love to hear your ideas!
BINANCE:BTCUSDT is forming a perfect "Wyckoff Distribution Schematic #1" $42,000 seems like a key level as it is the support area for the Wyckoff schematic and might be the daily 200 EMA . However, if it fails to remain above the $42,000 support area the next target could be the $30,000 key level as it's a static support line and might also be the daily 500 EMA .
As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern. After recent price action, it seems that also the PA is following along. Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory...
Dears, Classical accumulation and distribution phases on the market are often mixed together. Especially when bears do not end their supply when new bulls come in, not waiting up to the end of the supply. This phases, when in bulltrend bears start to supply and new bulls come in very quickly are called reaccumulation. However, to recognizing the distribution and...
BTC has confirmed the next phase of the Wyckoff distribution Schematic #1. Bulls anticipated for a small bounce then likely to proceed down for a monthly higher low.
On the 1H TF price seems to be setting up for a textbook wyckoff pattern that will see price rise breaking the current downtrend heading on upwards. This is supported by the fact that price failed to make lower lows upon meeting a key support level.
Hi Traders, This is my view on #NZDUSD for the next few days. 2 possible ways, both bearish but the first one on the touch of 0.78 Supply Area, the second one (the one I prefer) on the breakout and retesting of the Signal of Weakness on 0.70, which is close to the daily bullish trend line. Thanks to my dear friend Richard Wyckoff ;-) I remind you that this is...
Aggressive supply and spread down to lower of the TR. mSOW very clear. Fall below support, will probably fail to recover above old support and reject downwards. Exit Position or Short