Hello Traders,
TGIF all!
I observed a Wyckoff Accumulation Pattern on the weekly chart of GBPUSD and I wanted to share the event and phases of Wyckoff schematics.
Wyckoff(1873-1934) was a pioneer in the technical analysis of the stock market. At the age of 15, he started his job as a stock runner for a brokerage in NY. He observed the studies of JP Morgan...
Last week I blasted out my own take of what was happening in the Crypto Market. Specifically with a variation of this BTCUSD chart. I began to explain the bubble what caused it, and most importantly what this pop will look like. A delightful follower send me to look at the Wykcoff Method, which led me down a rabbit hole that really allowed me to zero-in on this...
Hi Guys,
It appears the fall from 58K was a shakeout and we are in an accumulation
*Diminished volatility
*Diminished selling volume at resistance
*Higher lows throughout structure
*Spring like action
*Inability of price to create meaningful sell off to the bottom of the range
Targets are 55K and 58K
Old Mutual had high volume days last year that alerted us to some pending action - see posts below. Yesterday there was again some volume indicating the buyers are back from holiday and ready to continue the markup with some space to move.
Is this a Wykcoff - Not sure, but whatever it is, TKN has a an outstanding tradable shares of 532M Shares......My hypothesis is someone accumulating a massive position here.
We are in a bearish MS overall on the higher time frames. And market just broke Market Bullish Market Structure so we can expect an retracement to the recent high. Before price continue selling. So I spotted Accumulation Schematic 1 on the 3 min Timeframe for possible entry.
We are in a bearish MS overall on the higher time frames. And market just broke Market Bullish Market Structure so we can expect an retracement to the recent high. Before price continue selling. To either the Weekly or Daily OB/Demand zones or FVG. With Elections coming up it will be interesting to see how it plays out. Really haven't looked at any Wyckoff...
USDCAD on the monthly chart created a clear double top .
Price has moved inside an uptrending channel before start a discending move.
The market is now close to the lower trendline of the channel and we can expect some retracement before the price will break below.
IF the price will break and close below the 1.30500 we can look for a short position according with...
GBPJPY seems to be in a Huge accumulation but was very favorable to us in our last set up with over 100 pips made
I believe we may not have seen the last of its rise... and can possibly see this accumulation schematic play out
what are your thoughts? do you still believe GJ will rise or the day of the BULLS are done?
Share your thoughts below would love to...
Wykcoff accumulation is spotted to me for the USD. So i expect it to sell to fill the inefficiency then shoot up or sell to the bearish OB then shoot up.
The whales did a good job at fooling and confusing everybody into thinking price is bullish. Price was not supported by the 4H 200ema meaning a continuation of the downward trend will resume. A small pullback and retest of the rising wedge trendline is very possible as bullish divergences are present on the lower timeframe.
