I'm still having parts of this trade open, as the price is retracing back to the previous demand zone, showing some signs of reaccumulation. We're still aiming at the 1.151 - 1.157 range, but this can take some time, so be patient.
Price currently been trading in phase D re-accumulation. if price able to jump a cross the CREEK. high probability price might test $1.445.
This week, I've been experimenting with a method of anticipating creek cross moments across a number of securities. Of course, my intention is to create a reliable indicator to overlay on Wyckoff accumulations in order to understand where the high pressure domes of selling, which pin price down, exist and to recognize as early as possible when one of those zones...
This week, I've been experimenting with a method of anticipating creek cross moments across a number of securities. Of course, my intention is to create a reliable indicator to overlay on Wyckoff accumulations in order to understand where the high pressure domes of selling, which pin price down, exist and to recognize as early as possible when one of those zones...
07.12.2021 NYSE:PBR GFS 70,69 with the bullish flag formation, which the price exited already, there's a good chance of the price going higher if it brakes the $11.14 point. Often a bullish flag suggests Wyckoff reaccumulation, which is evident here, with the price reaching the 'TEST' in the last phase last week. I'm keeping my eyes for longs this or next...
Updating this chart slightly. I still see MANA as in reaccumulation and expect further upward momentum.
Updating the idea, slightly. I see AMC as in an "after shakeout" reaccumulation, rather than "after decline" as I'd previously charted it.
The question on my mind - is this some sort of double top formation that could lead to a decline in price? I am going try to answer the best I can with justification for why this is not, in my opinion, a double top and we are shaping up for push higher; at least to previous highs again and maybe a bit more(from there we analyze the price again). Justifications ...
We're very clearly somewhere in the SOS or BU phase of this reaccumulation. So, I started asking how high can we go? Here's what we have: I drew two trend lines to consider possible future paths of respect. As you can see, they intersect very near the top of our upper band of resistance. So, as we back up, I think we will land in or near that yellow circle...
Check my prior idea for a true big picture look at what I believe is happening with AMC. In the shorter term, I believe this Wyckoff schematic -- reaccumulation after decline -- best fits what's happened with AMC since June. If so, you can look at it combined with the cycle theory stuff and get a decent idea of how the next few turns in the road will play...
To me this looks a lot like Wyckoff's reaccumulation on MANA. I think we are nearing a second cross of the creek. Once we break into the resistance zone (deep red), that should be the sign we are headed toward LPS & SOS, marking the next leg up.
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Dodge is nearing the end of the trading range. Load up some coins and fasten your seat belt. I promise you this will be a sweet ride
Remember that these are schematic patterns, meaning price action could have a similar trajectory, but it is important to learn about the characteristics of each phase and how to determine the differences in each one. Volume is a huge component of Wyckoff so see below for my favorite free resources to help learn more about Wyckoff: Wyckoff Re-Accumulation...
Look for price to break above support line to have a better probability.
If you guys remember my last post I correctly predicted that tesla would go up as it was in the last phase (E) and would run until the reaccumilation would occure as I had drawn in orange lines. It looks like this is it as todays drop made it very clear. I see this going diagonally up towards $1350 where we will see Tesla reach the end of the reaccumilation and...
Currently looking at a short accumulation phase, chart movement very similar to the September dip. I don't think we've seen the low point / spring yet, very high volume on yesterday's drop.
SLV is completing what I estimate to be Phase C of the re-accumulation cycle. Fundamentally, I think of two impacts on the horizon. We have more Fiscal "QE" - Biden's tax plan of injection another trillion or two into the economy. This would put pressure on the dollar and cause gold to rally along with its higher beta cousin (Silver). Alternatively, there is a...