Having targeted previous highs, gold managed to scoop up the buy side liquidity. Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down. With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down Without a doubt price could go below the double bottoms but we...
I started of by noticing a bullish reaction to a level of interest to the upside in the daily chart. In order to confirm the bullish directional bias, a major accumulation was identified in the 60 min chart. However a minor accumulation within was formed and a trade was taken upon confirmation , in the event of confirming the previous major accumulation an even...
Just seeing a very similar 'distribution' pattern taking shape on a smaller scale. Thoughts?
If bitcoin fails to break its current price level 47500, it could be drrawing a bullish penent, then we could see its price drop back to 44 levels. but i will not be alarmed unless we breakdown from 44k. because the most likely outcome of this setup is eventually a breakout to the 50s. This setup is synonymous with Phase D of Wycoff accumulation theory.
THIS IS A TRADE SETUP OF DISTRIBUTION :) If you have any questions leave any comment below ? Have a blessed day:)
Hi Traders Possible Accumulation structure in phase C , i need see the jump across the creek and retest for take long positions ..
This is a follow up chart for my previous post . Find the link attached below
Hello my fellow traders. I hope you have been having a good time with the charts I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views. If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out. Possibly we might see a reaccumulation with a...
Hi traders ... we need see 2 events for take long positions... 1. Spring to 1776 / 1765 MAX 2. Wait for the test to 1792 / 1789 .... if the price confirm this events ,we can take long positions ....
Wycoff accumulation around a point of interest Price is getting ready to reverse at a 4hour institutional candle. I hear the money is made in the waiting so this is a longterm buy
Hello traders. As we enter next week expect alot of chopiness and stop hunts as we near a longterme market shift. Lots of high impact news on Eur next week. Make sure you are not caught on the wrong side of the market.
Assuming the schematic is very correct, We might see gold push one more time to the upside. I have been patiently waiting for price to get at the 1860 level to go short on Gold. Price indicates it will hit that level before going down.
USDCAD has been preparing for a retracement to level 1.219190 but not without building up liquidity. We might see prices tap the resistance line at 1.26545 and leave Equal highs to be taken out after the retracement. All in all having a bias will aid us in not getting caught up against the trend. Lookindg for shortterm sells at the equal highs then longterm buys
BTC has been forming a structure that looks more like an accumulation. I want to believe it is in a re-distribution phase and hence its going to fall. I would look to be a seller between 35200 and 36140. With good risk management that should not be a problem incase it decides to fly. Watch zones between 35200 and 36140 to enter for a short position
Same structure as EU. We are experiencing a divergence between EU and GU because a big move is about to happen
Lots of TA guys that apparently very recently found Wycoff theory seem to think that we are in Accumulation after just a single markdown and I don't see the case for that currently. A period of long term accumulation will lead to a mark up and then a consolidation in reaccumulation. Likewise when things begin to step down there is a distribution, markdown, and...
We need the price to confirm the spring to take long positions