To me I see accumulation schematic 1 . But I see price coming down to form another LPS which will be at the black box which is an bullish orderblock on the daily and a orderblock within that on a smaller timeframe. Or below the FVG. Before shooting up.
According Wyckoff it appears we have Accumulation Schematic 1 forming. Equal lows where liquidity was resting have already been taken out. Which is where the Spring occurred. So now we just anticipate for the test. A pullback down before price just takes off.
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...
According to Wykcoff EU is in Phase C . Price is now at its last point of supply after it already did the test. I expect a pullback to atleast the 71 on my fib before continuing its bearish run.
It created a lower high , and did the spring now we just wait for the test which is where an OB and inefficiency lay.
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.
I spotted Distribution play, to where it looks as if the market is transitioning into phase D which is the huge sell off.
I believe its getting ready to transition form phase b to phase c which is where we will see price sink below the TR(floor).
Its not quite ready for the long big buy im expecting which will be during the "Spring and Test" according to the Wyckoff Theory.
According to Wyckoff Theory Btcusd is Bullish on the Daily . Its also showing a re accumulation schematic. We are currently in the LPS (last point of supply ) and SOS (sign of strength) mark up. Where the market breaks through the previous "ceiling" and constantly show bullish power.
Im waiting on confirmation for the price to sell below to grab liquidity before shooting up long term.
According to the Wycoff Theory gold is in Phase C (UTAD) where it ram through old highs before distributing out sells. And so i see it buying to clear out the liquidity at 1664-1668 to sell to the downside to clear all the liquidity at the bottom at 1574 and below.
It look like it just did it spring to clear EQL . And starting its Phase C according to wycoff.
Looks like CADJPY is in PHase B on the Monthly chart according to Wycoff theory. Expect it to buy to the TR (ceiling) then sell below to clear liquidity which will cause the spring before buying up long term. d.stockcharts.com
I see Telsa grabbing buyers off the (resistance/floor) that was presented to them all the way to the 3H OB before selling to clear the liquidity at the bottom below the resistance.
I see UC selling short on the 4H to finish its right shoulder and to complete its bullish flag pattern. To sell to an OB(order block) @ 1.39040 which is where I have a buy limit placed which would complete the Head & buy to complete the right shoulder on the daily TF.