The Wyckoff Method is a study of how market makers and whale manipulate retail traders to get in, and out of large positions. It's something any serious trader MUST understand. You do not want to get caught in distribution, and you don't want miss out on accumulation or re accumulation.
In this idea I am covering what seems to be a potential Wyckoff...
We opine that the gloves sector based on cumulative performance of Kossan, Hartalega, Topglove, Rubberex, Supermax and Comfort, is entering the distribution phase and already finished all compulsive wave for short term cycle.
This is only invalid if it breaks the ATH.
Strategy : Identify Buying Climax, BOR (Buy on Reaction). Sell at ST.
Will monitor closely.
Hope you all are doing good!!
The pair is building a very nice & High R:R LONG opportunity.
Target is the IC before the SELL-OFF.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
SWEPT LIQUIDITY FROM HIGHS, POTENTIAL SHORT FILLING IMBALANCES AND MITIGATING ORDER BLOCKS... RALLIED FRO YESTERDAYS LONG ON EURUSD DESCENDING CHANNEL, FOLLOWING DAILY DESCENDING CHANNEL WITH WYCKOFF DISTRIBUTION AT THE TOP OF THE CHANNEL, FOLLOWED DOWN BY TREND FOLLOWING MARKDOWN TECHNIQUE
Optimism Pessimism hints at an Accumulation Period .
Force - Bullish Divergence with the price action, it can be invalidated at the day close if the price doesn't recover a bit.
Technometer - Bullish Divergence with the price action and going oversold at 40.25 (38 or lower is considered to be clearly oversold).
Momentum - Interest is slowly...
STILL HOLD MY SHORT BIAS ALTHOUGH WASNT AS MUCH CONVICTION AS ID LIKE TO SEE OFF THE MOVE YESTERDAY, A FINAL TEST OF THE HIGHS BEFORE A SELLL OFF WOULDNT SURPRISE ME SO ILL BE LOOKING FOR THAT SWEEPING REJECTION WITH RSI DIV
Pattern yang kuat bahawa Airasia bakal memulakan perjalanan dalam fasa markup selepas sekian lama didalam fasa Accumulation.
Bakal meninggalkan fasa D accumulation dan memulakan fasa markup.
My personal opinion its right time to buy for Mid / long term.
We have just closed a Monster long position in EUR/USD with a RR Achieved of 1:29.
We have banked + 29% ROI since 4th July 2020. Using strict risk methodology of -1%.
We have 10% left running on our long EUR/USD with our stops adjusted, locking in positive R Also.
This trade was a combination of Wyckoff methodology, Price Inefficiency and Order Blocks....
Nifty first became overbought in the primary trend channel and now in distribution phase of wyckoff cycle. All the components of distribution phase are labelled.
PSY = Primary Supply
BC = Buying Climax
AR = Automatic reaction
ST = SEcondary test
SOW = Sign of weakness
UTAD = Upper thrust after distribution
If you understand Wyckoff methodology, you can see the "spring" has occurred for AMC about a week ago. The high volume short candlestick, along with the gap up following the "spring" should be a good indicator of a move up about to happen soon. This is called "jumping the creek" according to Wyckoff. It's time to load up.
Magenta line represents my call option...