weekly timeframe inverse head and shoulder in #CADCHFWe are probably dealing with an accumulation phase in the CAD/CHF chart.
The appearance of an inverse head and shoulders pattern in this phase would likely increase the probability of a long-term bullish move in this pair.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Accumulation
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us.
Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave:
Key Concepts of Weis Wave
Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure.
Price Waves: These are the movements in price, which can be upward or downward.
Recognizing Bullish Patterns
Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation.
Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive.
Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend.
Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume.
Example of Bullish Patterns
Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares.
Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control.
Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume.
Using Weis Wave for Confirmation
Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns.
Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength.
By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
Mohit Industries - A buy on Dip candidateHello everyone ,
I am here with a new power pack stock with a cup n handle chart pattern breakout named MOHIT INDUSTRIES (NSE).
technical view
The stock has given a good Breakout in weekly as well as in monthly Time Frame with good intensity of volume.
the stock have sky touch as the breakout is followed by an Extreme Bullish Chart Pattern i.e Cup N Handle.
CUP N HANDLE EXPLAINATION
Cup N Handle is a chart pattern which is mostly used for bullish road map of the stock.
How it is formed - generally the stock have a huge fall from its high and the stock floats is a range for many years say 4 to 6 years or more, it forms a cup like structure and after that the stock explodes as there is an assumption that there might be the accumulation in the past 4 to 6 years when the cup was forming.
Targets as per Cup N Handle -- The targets usually comes three times the target of cup.
Elliot Wave View-
- the stock is looking in its impulse wave (1-2-3-4-5)
- In that impulse it might have entered the bigger wave 3rd
- the minimum target as per wave 3rd is 1.618 of trendbased fib which is around 48 rs.
- but as per cup n handle it can be extended and might give targets of 72 and 95 as well.
conclusion
the stock looks in its bullish phase, the stock can b lookout for upside mentioned targets with mentioned stop loss on chart itself. one can add at every dip also till stock is above Stop Loss line.
Disclaimer
I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
#ETH: ACCUMULATE HERE!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming.
IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging).
Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions.
Buying range:- $3200-$3500
Target:- $6k-$7k
Invalidation:- Weekly close below $3200
Let me know your thoughts in the comments below!
Dark Pools Accumulating Biotech: STOKDark Pools are accumulating some biotechnology stocks for mutual funds and ETFs based on this new technology. HFTs are chasing this accumulation.
NASDAQ:STOK is now near the price when more professional traders are likely to swing trade. It has a very high Percentage of Shares Held by Institutions and the bottom is completed. It may be a potential candidate for a watchlist for this industry, IF the industry fits your needs for short-term trading or long-term investing. It may also turn into a position trade if platforms develop.
This is a Weekly Chart so all the history of recent price is visible. The peaks of bounces upward within the downtrend are where the stock may stall and go sideways as it moves up.
Swing Trading Setups: TWSTThis is a stock that went on my students' watchlists this week for potential swing trading.
NASDAQ:TWST is coming out of a long-term down-trending correction and has completed the bottom. Accumulation ended and a HFT gap and run up followed on May 3rd. The stock retested the sideways trend highs which are now support for the current price.
Pro traders are swing trading in these patterns. There are fewer wicks and tails and the stock has a very high Percentage of Shares Held by Institutions.
Alpha in Wyckoff accumulation patternLooking at the 4h chart, it can be clearly seen that it is in an accumulation phase. We are currently after the 2nd ST and will test the UA zone at 0.1276. To do this, we need to look at the chart more closely.
On the 1h chart, we can see that after the 2nd ST, which went all the way below the grey support, a micro Wyckoff accumulation is also happening, which is supposed to create a stronger buying pressure. If the price successfully breaks above UA(2) and retest it, then we go to the aforementioned 4h UA zone. If it fails then we presumably test the grey support again.
LIT/USDT Analysis: Is a Bullish Breakout Imminent?
📊 Chart Analysis
The weekly chart for BINANCE:LITUSDT reveals a critical resistance level around $1.15, which the price has tested multiple times since early 2023. This level has formed a significant resistance zone (marked in red), where the price has struggled to break through. The 50-week moving average (MA), shown in blue, has recently flattened and started to turn upwards, indicating a potential trend reversal. The recent price action shows a consolidation just below the resistance, which could suggest accumulation before a breakout. Additionally, the upward green arrow highlights a possible support level, indicating the price might bounce back up from here.
🔍 Technical Indicator Analysis
Momentum Indicators:
- AO, PPO, PVO, ROC, RSI, TSI, StockRSI, and Stochastic indicators are mixed across timeframes, showing bearish signals in shorter periods (15m, 1h, 4h) and more neutral or bullish signals in longer periods (6h, 8h, 12h, 1d).
- The RSI is neutral on most timeframes, suggesting no extreme overbought or oversold conditions.
Trend Indicators:
- ADX, Aroon, CCI, and DPO indicators show varied trends across different timeframes.
- Ichimoku Cloud shows long-term bullish signals but short-term bearish signals, indicating possible short-term volatility before a potential bullish trend.
- MACD and EMA indicators are bullish on higher timeframes (1d, 3d, 1w), supporting a longer-term bullish outlook.
Volatility Indicators:
- Volatility indicators such as ATR, Bollinger Bands, and Keltner Channels show high volatility, especially in the shorter timeframes. This indicates potential sharp price movements.
- The Ulcer Index shows high risk on the weekly timeframe, suggesting caution.
Volume Indicators:
- Volume indicators like ADI, CMF, EM, and FI are mostly bullish across various timeframes, indicating strong buying pressure.
- OBV and VPT are bearish on shorter timeframes but show mixed signals on longer timeframes, suggesting some short-term selling pressure but potential for longer-term accumulation.
🔮 Prediction
- Short-term (15m - 4h): Expect some bearish movements due to mixed and bearish signals in momentum and trend indicators. High volatility suggests sharp price movements.
- Mid-term (6h - 1d): Consolidation and potential for bullish breakout as trend indicators start turning bullish. Monitoring support and resistance levels will be crucial.
- Long-term (3d - 1w): Bullish outlook supported by trend indicators (EMA, MACD) and volume indicators. A breakout above $1.15 could lead to significant upward momentum.
📝 Conclusion
The analysis of LIT/USDT suggests mixed signals in the short term with potential bearish movements due to high volatility. However, the mid to long-term outlook appears bullish, especially if the price can break above the critical $1.15 resistance level. The 50-week MA turning upwards and supportive volume indicators further bolster the case for a bullish breakout.
💡 Advice :
- Patience is the key. Given the high volatility and mixed short-term signals, it's essential to practice robust risk management. Monitor key support and resistance levels closely and stay updated with market news that could impact LIT/USDT.
- Remember to Do Your Own Research (DYOR) before making any trading decisions.
🙏 Thank you for reading this analysis. Stay informed and trade wisely!
#LITUSDT #TechnicalAnalysis #CryptoTrading #BullishBreakout #RiskManagement
Is Bitcoin on a Distribution or Accumulation range?I made this analysis of Accumulation and Distribution ranges on Bitcoin.
On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines.
Or it can make a spring bellow the range and push up to a new level above new all time highs.
The question is: We are now in a Distribution or Accumulation Range?
What are your opinions?
Zoom (ZM): Zoom Bottoming Out? Major Accumulation Signs!A stock we previously considered "dead" and seemingly on its last legs is Zoom. Despite its current low standing, it warrants another look.
Zoom is currently trading around its lowest level ever, approximately $58 to $59. This is a stark contrast to its all-time high of $588, marking a significant sell-off following the end of the COVID-19 pandemic. Stocks like Zoom are challenging to evaluate due to the massive fluctuations in value.
Historically, Zoom has tested and held the $250 level seven times, but now, for the first time, it’s been in a prolonged sideways movement. This could indicate an accumulation phase, often seen when stocks are at their lowest, suggesting that Zoom might be finding a bottom.
Moreover, there's a trendline within this accumulation phase that has been touched three times, reinforcing the possibility that Zoom is stabilizing. This trendline might act as a support level, potentially leading to a period of growth or at least stability.
Zooming in further, we notice that during this accumulation phase, there are four notable touchpoints on the trendline. While two points dip slightly lower, this is not overly concerning given the overall price action. The trading volume within this phase is visible and consistent, with price movements often oscillating around the Point of Control (POC) at $67. Prices fluctuate above and below this level but tend to return to the POC, indicating strong trading interest at this price point.
Currently, Zoom has the potential to rise towards $72, which corresponds to the High Volume Node Edge. This movement could involve a retest of both the trendline and the POC. A successful retest and subsequent breakout from these levels could provide the necessary momentum to break out of the accumulation phase, potentially opening the door for significant upward movement.
In summary, while Zoom has faced a dramatic decline, the current price movement and trendline support could indicate a phase of accumulation, suggesting that it might not be entirely out of the game yet. While this scenario is intriguing, it is also fraught with risk. Therefore, we are opting to remain on the sidelines for now, monitoring the situation closely.
🔥 MATIC Massive Triangle: Accumulation Before Break OutMATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern.
In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up.
This can really fly once we break out. Time will tell. Patience is key.
A great opportunity on Livepeer (LPT)?Livepeer BINANCE:LPTUSDT seems to be giving us a great opportunity by retesting the top of its previous accumulation range. The Perfect Cloud (BPC) remains green, indicating that the uptrend is intact for the time being.
This retracement back to this very strong structural level is further reinforced by the Vegas Daily (blue cloud) of the Trend Identifier (BTI) !
The next decade belongs to Latin AmericaFor the past decade, decision-makers in major banks and multinational companies have been focusing their attention on one of the hottest "growth frontiers": emerging markets.
During much of the 1980's the prospects in most emerging countries were quite bleak: the debt crisis, inflation and domestic political turbulence.
Then a number of "economic miracles" began to pop up, drawing attention to specifically Southeast Asia, the Indian subcontinent, Eastern Europe and toward the end of the 80's, Latin America.
Latin America struggled with the heavy burdens of the debt crisis, hyperinflation, recession and the transition from authoritarian to democratic governments. Most analysts call the 80's Latin America's "Lost Decade." Most governments in the area came to the realization that they were gradually becoming irrelevant to the investment decisions of major international players and that they would slowly but surely lose ground to Asia and Eastern Europe in the competition for capital and employment opportunities. The region's trade with the rest of the world increased but at a slower pace than in countries at similar stages of their development. Latin America largely remained an exporter of primary goods. In fact, beside the popping off of just particular industry sectors and multinational companies, Latin America never saw a bullrun as a continent.
After lagging behind big players like India and China during the Era of Markets (1989–2019), where there was a remarkable increase in global economic interconnectedness and rapid adoption of digital technologies, now it's time to shine for Latin America and to catch up to OECD economies.
The next decade is expected to be a transformative period for Latin America with many countries experiencing rapid growth and development.
Economic Growth : Latin America's economic growth is expected to continue, driven by a combination of factors such as increased trade, investment, and infrastructure development. The region's large and growing middle class is also driving consumer spending and demand for goods and services.
Regional Integration : Latin America is also expected to strengthen its regional integration, with initiatives such as the Pacific Alliance and the Mercosur bloc aiming to promote trade and cooperation among member states. This will help to increase economic competitiveness and attract foreign investment.
Demographic Dividend : Latin America is experiencing a demographic dividend, with a large and growing population of young people entering the workforce. This will provide a significant boost to economic growth and innovation, as well as help to address social and economic challenges.
Innovation and Technology : Latin America is also expected to become a hub for innovation and technology, with many countries investing in digital infrastructure and innovation hubs. This will help to drive economic growth and create new opportunities for entrepreneurship and job creation.
Emerging countries now represent the clear majority of the world's population. Their growth prospects range from 4 to 5% per year in Latin America, 6 to 7% in East Asia and up to 10% in China. These are typically two to three times the expected growth rates of developed countries.
In all of these countries, growth will invariably entail the expansion of new middle classes, with outsized needs for consumer durables, housing and mobility.
The MSCI Emerging Markets Latin America Index e.g. captures large and mid cap representation across 5 emerging markets countries in Latin America. This index is one of the most trusted measures of how these stock markets in the region are performing. However, all the constituent countries do not have a proportional representation in the index. The country weights in the MSCI Emerging Markets Latin America Index are mostly Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93% with sectors like materials, energy, consumer staples, common services and financials.
Looking at the Index from a technical macro standpoint we can see clearly almost 20 years of an (Wyckoff) accumulation period (with the launch in 1990 probably even longer) and sideways movement resulting in a kind of created bull flag signaling a continuous coming-in of buyers and losing steam of sellers.
Furthermore the monthly RSI is printing higher lows and higher highs which is an indicator for a steady uptrend and positive momentum shift towards the upside.
No doubt, Latin America is gonna flourish the next decade(s) marking a significant transformation, with the region poised to emerge as a major player on the global stage.
THETA: Towards retesting a huge accumulation rangeBINANCE:THETAUSDT has a somewhat similar configuration to the BINANCE:LPTUSDT we talked about in previous weeks. It is showing a very strong retracement, allowing it to come back to the upper region of a huge accumulation range.
This type of movement is often a real opportunity for late buyers! Especially as this zone on the Theta Network is completed by the two biggest Vegas (Daily and Weekly) of the Trend Identifier (BTI), which overlap entirely, providing very solid support.
A move back towards $1.75 therefore looks like a great buying opportunity, especially if we get a complementary signal from the Reversal Identifier (BRI).
Otherwise, THETA could lateralize on its current level just to recover from its recent heavy fall, before resuming its uptrend.
XCH /USDT (Chia) Main trend. Horizontal channel 11.6 monthsLogarithm. Time frame 1 week. Main trend.
Maximums trend. False targets.
KuCoin exchange chart. At the peak of pumping, under the bull market hype price was HKEX:1600 (OKX exchange, where there is also a significant volume of trades). This price should not be considered in TA because it was made (more than 2000$) at listing and with super low liquidity. Resistance levels (target sell zones) are marked in different colors for clarity. Remember, the less you set targets in the trading tools (coins), the more you earn at a distance in the market.
The horizontal channel zone (accumulation of almost 1 year).
At the moment of publication, the price has been moving for 350 days (11.6 months) in the parallel horizontal accumulation channel with the step of 108.4%. This is a good sign. The price is now in a squeeze (the average price of this accumulation).
This is what the trend looks like on the line chart.
Stop Loss Zone. Rationality of the strategy.
I would like to emphasize that the stop loss under the support of this accumulation has not been knocked out (reset) at this point. This is not a mandatory action, but it is common. Just keep it in mind and consider it a conditional temporary risk, so to speak. To minimize this contingent risk, use a stop loss or, more rationally, work at an average buy/sell price. Let me remind you again that the price is now clamped with orders on the exchange (it has been there conventionally for 6 weeks) and this is the average price of this parallel channel.
I deliberately showed the percentage values of the main support/resistance zones in case of the price compression (6 weeks in a very narrow range) on the chart for orientation and understanding of the logic of work.
Secondary trend Time frame 3 days
XCH /USDT (Chia) Secondary trend. Channel.
XCH /USDT (Chia) Secondary trend. Channel.Logarithm. Timeframe 3 days Secondary trend. Zone of the horizontal channel.
Zone of the horizontal channel (accumulation of almost 1 year).
At the moment of publication the price has moved in the parallel horizontal channel of accumulation for 350 days (11.6 months) with the step of 108.4%. This is a good sign. Now the price is in the compression zone (the average price of this accumulation).
This is what this horizontal channel zone looks like on the line chart.
Stop Loss Zone. Rationality of the strategy .
I would like to emphasize that the stop loss under the support of this accumulation has not been knocked out (reset) at this point. This is not a mandatory action, but it is common. Just keep it in mind and consider it a conditional temporary risk, so to speak. To minimize this contingent risk, use a stop loss or, more rationally, work at an average buy/sell price. Let me remind you again that the price is now clamped with orders on the exchange (it has been there conventionally for 6 weeks) and this is the average price of this parallel channel.
I deliberately showed the percentage values of the main support/resistance zones in case of the price compression (6 weeks in a very narrow range) on the chart for orientation and understanding of the logic of work.
Main Trend 3 day time frame.
XCH /USDT (Chia) Main Trend. Horizontal channel 11.6M
Aave, a DeFi pillar in a long accumulationAave (AAVE) is a key player in the Decentralized Finance sector, at -86% drawdown, which is back in its long accumulation range. Our Supreme Vision (BSV) tool is also indicating a new accumulation period (green background)!
Moreover, according to the Master Oscillator (BMO), less than 40% of addresses are in profit, with a slight increase in the percentage of supply held by Whales and long-term Holders.
Bitcoin: Accumulation, Manipulation, and Potential Expansion!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Bitcoin has been on a rollercoaster ride lately. Fear is palpable in the market, with the Fear and Greed Index dipping into "fear" territory. However, could this be a buying opportunity disguised as a downturn? Let's analyze the price action and explore the possibility of an accumulation, manipulation, and subsequent expansion setup for BTC.
As you see in the chart, BTC completed its accumulation phase and entered into the manipulation phase now. Let's understand all these 3 phases one by one.
1 Accumulation Phase: According to the chart, the price stays in the accumulation zone for almost 2months. In this phase, the price stays in the range of GETTEX:59K - FWB:73K level.
2 Manipulation Phase: Yesterday, the price finally broke down from the accumulation phase ( GETTEX:59K level) and entered into a new manipulation phase. I'm expecting the price to reach around $50k level in this manipulation phase. Try to accumulate your favorite Alts in this phase.
3 Expansion Phase: When this manipulation phase ends, a new uptrend will start and this will happen soon. You just need to be patient.
Conclusion:- Overall, this manipulation phase is a big opportunity for us. Don't be scared and try to DCA some good coins. Soon, the market will be in up-only mode.
Hope I cleared all your doubts through this analysis. If you have any queries or want to share your opinion then feel free to comment here.
Thank You!
XAUUSD Key Levels of Accumulation and MarkupThis is Gold on the last 10 years, its possible to see clearly the Accumulation ranges, which later expand to new ranges above, and starts a new Accumulation range.
In the long term, all the currencies tend to lose value in relation to Gold, this is why in the last 10 years we only see Accumulation + Markup + Accumulation + Markup, and never a Distribution phase.
It's interesting how gold has been expanding the same size of around 2.970 pips on the ranges of accumulations. It make these key levels even more clear and stronger.
Also observe the mean on the 50% of the ranges, it has great opportunities to use mean reversal strategies to sell on the top of the range, and buy on the bottom. And for intraday trading we can use this levels to understand areas where buyers and sellers has more strength.
Buy now or cry later: ATOMs 5 year wykoff accumulation schematicHi tradingviewers!
This is my first post that I’ve decided to share and it definitely excites me to share this one with you! Before I start apologise for formatting etc as I need to get use to how all this works.
I’d like to start off by saying I am not a full expert in wykoff but have been learning it and collecting data for a while as time has gone on. This is something I’ve had on my chart for about 6-9 months as a possible idea and it seems like it’s actually coming in to play right now. I spotted the LINK one 6 months before it happened and I got an even better feeling about this one on ATOM.
It seems ATOM has been following this wykoff schematic very accurately.
i.imgur.com
From the SC (selling climax) we went to an AR (automatic rally) before making a higher low(ST) then taking out the AR high, and back down to take the lows of SC, since then we’ve been ranging. We then took out the AR high again at the start of 2022 before making our way down to where we are now for the ‘Spring’ phase. All exactly like it is in the example schematic above.
We’ve been in this range for nearly 5 years so when we eventually break this range the move is going to be massive. With the way the crypto markets are at the moment and the feeling of a real alt season around the corner this is building up for a huge move 🔥
If you liked this idea please give me a follow as I'm new here! I won’t be posting ideas often, I’ll only be posting analysis like this, HTF trades and the ones I feel have the highest chance and best rewarding setups out there.