The Power of Wyckoff - Textbook schematic
You may have seen our last couple of calls & streams. In the idea Video's we have overlaid the chart with the Wyckoff & Elliott schematics behind.
We had several key reasons for why this was distribution and not accumulation. I wanted to share a little glimpse of some of the proprietary tools we have developed for both TradingView and our Discord community.
This one being very relevant, if you take the Buyers Climax (BC), the UT (Up Thrust) and the UTAD (Up Thrust After Distribution). You will see our Wyckoff indicator helps spot the opportunity to short (in this example).
Followed by the indicator being added
The Bitcoin play recently has been a textbook example of the Power of Wyckoff.
With Wyckoff schematic range showing
As always to learn more and get a deeper insight, come join our community. Link below.
Have a good evening!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
We had several key reasons for why this was distribution and not accumulation. I wanted to share a little glimpse of some of the proprietary tools we have developed for both TradingView and our Discord community.
This one being very relevant, if you take the Buyers Climax (BC), the UT (Up Thrust) and the UTAD (Up Thrust After Distribution). You will see our Wyckoff indicator helps spot the opportunity to short (in this example).
Followed by the indicator being added
The Bitcoin play recently has been a textbook example of the Power of Wyckoff.
With Wyckoff schematic range showing
As always to learn more and get a deeper insight, come join our community. Link below.
Have a good evening!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.