There are many techniques written on price action (price and volume analysis).
Wyckoff Method is one of techniques that relates price action with demand and supply.
New to TA trades may be shaken out of the trade after observing the wide red sell off candle (or bar), bearish engulfing pattern.
However, Wyckoff principles denotes the action as...
Richard Wyckoff Method is a comprehensive market analysis technique that consist of laws, market structure (Cycle) principles and trading approach.
There are many technique and strategies that track and analyse trends but few analyse the range itself that produce the trend.
Coupled with the core principle of Supply and Demand. BTC showed that Supply has weaken...
Over the weekend, China PBOC announced
"More Powerful"policies to help spur growth in China. However, despite the positive news, China A50 turned lower.
Currently, the index is trading at a key resistance level. Confluence of Downtrend line resistance and HVN area.
Thus, we expect price to retest 12,800 which is also Fibo 38.2% level.
13,700 will remains as...
ES1 (S&P 500) broke out of its down trendline and then saw Sign of Strength (SOS) , breaking above its resistance.
With the bullish character , we expect the current short term demand>support situation to persist, trading towards 2850 resistance area (FIbo 61.80% area and previous support level.
However, 1 sign of cautious is the volume . We like to see...
Xiaomi stock price jumped across the creek as the company announced the launched its low cost 5G phone today. Related Article
Today's action is different from previous rallies as price broke above a significant resistance level that we call The Creek, a resistance level within the accumulation set-up.
With this break out, we expect stock price to move into Mark...
HSI broke above its downtrend line with positive momentum and positive flow.
HSI is expected to trade towards 261.8% Fibo level at 27950-28000 level.
A break below 26,500 level will falsify the analysis.
Price broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume).
Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum.
1st target level will be at S$0.95...
Genting SP saw strength today breaking out of its downtrend line with its Relative Strength indicator trading above zero, thus outperforming the market. FFI is also showing positive fund flow
Thus, there is expectations that Genting has exited its Mark Down phase.
1st Target: S$0.95
2nd Target: S$1.00
Stop: 10DSMA Trailing Stop
Gold is expected to be trading in re-accumulation instead of distribution in view of a "Spring" event.
Spring is a exhaustion of supply, indicating demand is expected to be back in control.
A breakout from the creek (resistance), we will expect Gold to trade further.
1st TP: 1,550 level (Previous high +2.618% Fibo)
2nd TP: 1,600 (Whole Number Effect + 4.236$...
DJI (4hrs) formed a hammer after touching its current uptrend line.
With the next candle breaking above the hammer's we have expectations of demand>supply.
Thus, we have short term bullish bias that DJI will trade upwards to test its Gap at 26,420 level which is also a confliuence of the 50%-61.8% zone.
Stochastic indicator has also exited its oversold zone...
BTC Entering Mark Down. Here are some of the keys levels to watch for rebound.
In view of key Fibonacci level 161.8%, BTC may expect retracement rally at 8,400 level, watching for price divergence or neutral candlestick pattern.
TSX jumped across the creek (out of the re-accumulation zone). Currently trading in Mark Up Phase.
Price is expected to trade towards 17,000, set based on confluence of Fibo level and whole number effect.
Price showed Sign of Strength (SOS) by breaking out on the upside of the range.
The past four trading also suggest that demand is dominating trading as prices closed near its day high.
We may expect a healthy pullback (LPSY: Last point of Support) before price heads towards 0.69316 zone, which is also the 61.80% Fibonacci retracement level.
10D SMA will be our...
NASDAQ:AMZN failed to break above its Upward trendline on 3x attempts.
Negative relative strength and FFI indicator potentially points to stock's further weakness.
1st target price at US$1,760 and 2nd target price at US$1,675.
Break above US$1,835 will falsify the above analysis.
BITFINEX:BTCUSD is in a major consolidation, break above or below the pattern will see BTC retesting its range top/bottom.
FFI's consolidation is also suggesting market participants watching from the sideline.
Breakout from the 9,000-13,800 will see further directional move.
Supply continues to dominate recent trading as index broke below another support level. As long DAX does not close above current 11,445 support, index will is expected to trade towards 11k.
Stop for current analysis at 11,860.
OANDA:AU200AUD is expected to trade towards 1ts support, 3.82% Fibo retracement after breaking down from the lower trend line of the upward trend channel.
Overhead support-turned-resistance (LPSY) also created additional layer of difficult for the index to trade higher.
A break above 6,765 wil falsify the analysis.