Due to recent events of an unprecedented and MASSIVE rally to the upside on the test level buy order block at 1721, are we finally at the dawn of that long ride towards the +2000s again ? Daddy Wyckoff seems to agree to that so far ...
Amazing example on Dow Inc. of a Trading Range following Wyckoff Distribution Schematic #2. ------------------------------------------------------------------ What is a Trading Range? ------------------------------------------------------------------ In an trading range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to...
By combining Wyckoff and smart money concept where by it works on any types of time frame, this is the daily chart of gbpusd. Most probably it'll drop till the next order block. I'm still in a process of learning more in detail for smart money concept and Wyckoff, doing well so far, hope to gain support from experience traders here. Do drop some comments will be...
Is this what we could possibly see over the next 2 weeks? reaccumulation usually can last between 3/6 weeks. as this started the beginning of September I'm very bullish for Q4. after all it is the most bullish quarter in the most bullish year in the BTC 4 year cycle historically (A Reaccumulation serves the same purpose as an Accumulation with one main...
If Doge rejects here its a clear example of Redistribution.. Notice how well price respects the upper trading range. Only if DOGE gets back above 0.22 cents mark or so with STRONG buying volume can this bearish pattern be considered invalid. ---------------------------------------------------------------------------------- My redistribution is based on the...
There might be a Wyckoff happening on the daily chart of EurGbp and would crash to below 1-2weeks later. as it was on a weekly high and there were imbalanced below that needs to be filled. There is indication of LL in the market.
shorting EURGBP because of the correlation with my current trade im in on EURUSD im aiming for the low point of the daily for a take profit with some running profits after it hits about half way with re entrys on the way down
NASDAQ:AMD AMD is following Wyckoff accumulation
Users are awaiting a hard fork of the Cardano network called Alonzo, which will allow the integration of smart contracts. It will happen during the Alonzo Purple update, which is slated to activate on September 12 – much earlier than investors expected. Currently, smart contracts are already available on the test net, where developers are performing the latest...
I've just been "dissecting" TOPGLOV chart structure. It seem like we've just completed wave 4 (yellow) of wave 3 (Red Circled) ONLY!!..Just about 20%-30% left to complete wave a (Green)..So topglove price most likely will break RM9.765 within 6-12 months ..
Possible upward correction in the following session.
Are you trading Gold ? We're done with our Elliott Wave plan so last Friday, Gold was fall further. So, this is Gold (XAUUSD) with Wyckoff distribution schematic. I'd like to see Gold's price downward. First Target is around 1727. What's do you think about this idea? Follow to see more in depth Gold analysis.
GOLD Long Setup 👉🏻 Wyckoff accumulation. Correcting now, at newly formed support in this lower timeframe. Potential target is its previous high of $1833 which is also a major resistance.
It looks like Wyckoff Distribution phase is happening right now with a top @ around $49,5k. Then, a quick re-accumulation phase with a SPRING @ around $37,5k. Allen Au predicts the top around 21th Dec. The way I see it, for BTC to remain within its lifetime channel, the TOP would be $80,000!
Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen. Possible downward correction in the following sessions.
Anticipating market to rally upwards to mitigate some of the orders left from the extreme which broke structure from the schematic. Orders are from the NY session so will definitely be buy orders in there that needs to be mitigated. Have found my most volumest candle which correlates on the 50m, 5m and 2m timeframes. Sell Limit off the 80% of the 5 minute and have...
Beautiful catch on GBPUSD before weekend Sell Limit off 80% of the 127M candle which initially was the extreme of the leg that pushed price to break the low from 01/09. Price has therefore come back up to mitigate some of the orders in the area which also holds some significance being in the NY session. SL set on the extreme high risking 6.6 pips in order to run...
Snap is potentially on its final phase of distribution. Wait for a decisive brake below the Buyers climax (BC) resistance and previous low for higher accuracy. Lets see how it plays out.