HTF BIAS---> SUPPLY TAP IN daily and 4h followed by 1H liquidity grab checking of schematics on 45/30/15/5 min timeframes. Entry at 5 min IC because of distribution schematics 15 min to 30 min Supply zone with validity of area. wyckoff schematics starting from 1h down to 5min .
Key resistance levels: 319.91, 321.15, 322.32 Key Support: 306.28 Critical pivot dates upcoming: 5/3/2023, 5/12/2023 Near-term QQQ is bearish under 322, a break above that could see brief upside to 328 (would then need to retest 322 for support before continuing - Dashed Blue Path). Based on that as most bullish case near-term a long play here is not motivating...
For MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28. From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May....
With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly...
2 near term scenarios, both bearish: 1) bounce at 1743 2) bounce in range of 1535-1688, then another leg down to under 1500 More downside will start next week and last until mid-may
MSFT is due for a backup/retest within a larger Accumulation structure; however, near-term there has been minor distribution which suggests this pullback could be deep enough to make some money on the puts side. Point target is 266, which will be a critical level: - if it bounces in the 266-270 range, it can continue higher to upper 290s (it would be pulled back...
Will sell off into Early May. Target 25 by end of next week, could see as low as 23 before this recovers after a grueling distribution phase this past week. Drop starts now into close, then we will see a gap down tomorrow 4/21 and continuation down from there.
Still same idea as last post, but now we hae enough info to get more precise trajectory. Expecting red path and then continuation down to the lower portion of 12000-12400 range (red box) Expecting full breakdown of distribution structure by this Thursday 4/20 at 1pm (dark orange circle) Point target my May 1st is 12220
The XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down...
Drop to 12400s by mid next week Straight shot from here on a breakdown then rejection from minor distribution structure Can Find support in 12400s potentially, but not necessarily
A break of 29800 below will make me 100% certain that this is playing out. Let's see. Looking to catch a short at 30250 towards 25200 with an SL of 30650 on BTC.
Bitcoin in a Wyckoff Distribution for the last 16 days Supply may begin to dominate 🔴 Short-term pullback coming into the weekend. 🔴 On Balance Volume confirms weakness ⭐ Macro bull market, I would buy the dip!
Final stages playing out on this Wyckoff trade And we didn't even get an up thrust after distribution in phase C (additional sign of weakness) Bearish divs continuing to grow on higher time frames... Volume continuing to diminish My short is still open... 5/1 reward to risk ratio for a retest of 24-25k 📉
Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ... Bulls need to see a big volume break-out tomorrow and regain $200 as support. *Call Wall Options may have prevented Tsla from advancing with a strong break-out $197 is strong resistance + weekly resistance line just above @ $198 $198.84 If Tsla does not open...
Bitcoin has been trading sideways for the better part of two weeks now. Yesterday, there was a short-lived break out through the FOMC resistance, which got sadly sold off quickly. Since the break out was only minor & short-lived, there's a probability that we're currently trading in a Wyckoff distribution pattern, which could signal that this is area is the...
As i hear more people talking about the accumulation phase for Bitcoin, which i kind of agree, but if this is a Wykcoff Distribution for the DXY setting up then i full on agree for accumulation phase of BTC. Fingers crossed and long!
This chart is for entertainment purposes only and setups up a possible bear scenario. I'm not an expert at distribution patterns but I thought it would be fun to see if this might fit the pattern. I don't think gold is excluded from the 'everything bubble' that the Fed is trying to pop. The Fed has been very clear that interest rates are going to go higher and...
I believe BTC is in the distribution phase now. It might be heading to fill in CME gap between 27,360 - and 28,750as UTAD and then down again.