When you understand wyckoff schematics, this chart is literally a thing of beauty.
Potentially Wyckoff Distribution happening on 4 hr TF.
Breakout after Re-distribution (which was also a descending triangle). There was a fakeout to the upside yesterday with massive volume but price has now broken out to the downside today. Shout things play out, I expect price to go down to it's key level of 1.1000 if it breaks support at 1.10298, where I'll be looking to take partials and move stops to breakeven.
Since the climactic action in Bitcoin in late June, price has entered a trading range and we have had the signs of Wyckoff distribution. We will need to see the confirmation of the weakness on the right hand side of the trading range. The characteristics of distribution and re-accumulation can be very similar. A buying climax followed by an automatic reaction and...
Looking for price to come and test bottom of weekly candle before continuing mark down.
Penguins here again??? smh they stay running the market.
A clear second distribution pattern is forming. We have selling into the moves higher on the recent BC and ST by the looks of the volume. We are also approaching a re-test of the AR in the first larger distribution pattern. The downward trend that has formed also indicates a re-test approaching. Watching this closely for some reversal signals to get into a...
Would like to see gold continue to fall.
"This rally will fail like the others"
A quick TA on the BTCUSD charts! In the past weeks, quite clearly we are seeing price action of BTC within a narrowing upward channel, holding quite diligently to the 50MA (in green). However, we are starting to see weakness in the bulls as volume seems to be diminishing, and a clear MACD divergence printed. The ADX is also starting to show signs of weakness in...
Analyse on Monthly Chart with possible Wyckoff distribution resuming and new downtrend beginning.
stockcharts.com Text and pattern copied from the link, all I did was to apply it to the chart. Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax ( BC ). These...
Charles Schwab (SCHW) Entering Mark Down Phase Distribution Phase Observations: -Upthrust (Failure to mark Up) - Uptrend Line Broken - Sign of Weakness (Fall Thru Ice) - RS Negative - FFI Negative 1st Target: US$42.96 Comments: Trading risk will be reduced, if entry when price makes an LPSY to retest previous Ice (support-turn-resistance zone) Risk: A break...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
Possible Wyckoff distribution top forming on ETP. Bit premature, so this UTAD needs to be finished and first LPSY to form (+SOW), confirmation - break down of the TR Watching this