simplestupid

simplestupid

The number of short contracts (6055K) are more than the longs (3635K), however this doesn't cause an equivalent price drop. This is called absorption. The "composite man" is collecting the contracts, but not introducing them back to the market in order to sell higher. Meaningful volume spikes with no meaningful effects are signs of manipulation.

simplestupid

1. Energetic supply, lethargic demand 2. No reward for effort to the upside 3. Demand decreasing, Supply increasing 4. Price is in the Premium range of ATH 5. Quarterly profit taking is reasonable

simplestupid

In both indices we see increased demand with no achievement. This may be due to supply being not introduced back to the market, for a possible short selling later on. In Wyckoffian terms the composite operator is collecting contracts from the weak hands to distribute them collectively.

simplestupid

Wyckoff suggests that every cause must have an effect. If there's a price push without the necessary volume, it may be due to the "composite man" absorbing the shares, to sell them at better a price. My narrative/conspiracy is that the All The High coincides with the contract expiration date. The contracts may be withheld to be short-sold until June, which would...

simplestupid

The expanding triangle on the fourth leg and demand around 0.38 makes me think this might be worth watching. After all time highs, we may observe profit taking in March and April. But we're also transiting into a Risk On environment and presidential election period may keep markets bullish with a relatively weak USD, in order to boost the labor market.

simplestupid

Market is open to all sorts of madness but so far the price action seems to fit Wyckoff Distribution Schematic #1 on daily time frame.

simplestupid

Market is extremely bullish, and likely to try the 4000 USD psychological level to attract more buyers. In any case, we need to see the H1 schematic to play out, and in this case, wait to see what happens in Phase C and D.

simplestupid

I personally don't think technical analysis is governing the prices but this textbook example of Wyckoff Accumulation Schematic suggests that oil contracts may be priced at around 185 USD, in like 1120 days :)

simplestupid

If my observation is correct, we're having a re-accumulation, within a HTF re-accumulation. There's a lot of liquidity to be taken before we push higher.

simplestupid

The bull flag is a type of Wyckoff accumulation schematic. If it turns out true, I'd expect a price of 5220

simplestupid

Confluences: 1. Gold is nicely trending up. 2. Fed insinuated rate hikes likely over. Dollar broke daily trendline. 3. S&P forming a Wykcoff reaccumulation schematic on H1.

simplestupid

Please follow the 1-2-3 speech bubbles to make sense of my trading idea.

simplestupid

Although the monthly momentum is pretty bullish, this week might see a reversal until Wednesday.