<TradeVSA> Strong Accumulation. Low Risk Now ?Case Studies:
1. WCT
2. SPSETIA
3. GENM
Focus in this video:
1. How to combine weekly and daily chart
2. Sign of Strength with Green Pentagon in both timeframe
3. Background in the Accumulation stage
4. What is a successful Accumulation / Reversal ?
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Accumulation
NZDCHF POSSIBLE SELLS THIS WEEKNZDCHF WEEKLY OUTLOOK
This pair is basically giving us the rinse and repeat process. Two weeks ago we had a bearish accumulation that we took advantage of and we got it for buys, you can see that price had hit our full target. In doing so, we now have a bullish accumulation that we'll be looking to take advantage of.
As normal, we wait for the daily to close first with our REQUIRED candlestick confirmation before we even consider trading this pair for the week. If it doesn't, then the pair is no longer valid for entries.
If it does follow the rules, we scale down to the 1hr and await a BOS, where we'll be then looking for lower highs to enter for a sell. I have the 1hr level that I'm looking at marked off but it may change as the market plays out.
Price Levels for LSPD (Lightspeed Commerce Inc.)NYSE:LSPD
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
NIO: What you need to know about it!Hello traders and investors! Let’s see how NIO is doing today!
In the 1h chart, we see an accumulation . The support is at $ 36.68, which NIO retested twice, and the resistance is the $ 39.62, retested 3x. The 21 ema is flat, and it is always useless during sideways movements.
We have an open gap at $ 40.83, which probably will be filled, but NIO must escape from this congestion first. It is interesting to note that NIO has no other meaningful resistance besides the $ 46.36, and if we see an upwards breakout from this congestion, this is going to be our target.
In the daily chart, the situation looks interesting. It seems the $ 39.62 is a pivot point , and this could work as a nice reversal for the mid-term on NIO. We already did a higher low, if we trigger this pivot point, and do a higher high, it’ll be perfect.
Probably we’ll defeat the 21 ema, and the next target is the $ 46.36, as we said, as this was the previous top level.
However, it is a little too soon to assume anything, so, let’s wait for more confirmation. NIO looks promising, but it must trigger its signs first.
If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day!
XAUUSD - LONGConsider the development of an North Impulse after the price has crossed the POC of accumulation . The target is the supply zone.
XAUUSD - LONG
ENTRY PRICE - 1806.00
SL - 1794.00
TP - 1851.00
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
GBPJPY price 8H channel retesting?GBPJPY After a month-long battle out/ above the 📈4H/ 8H channel, the price came back to retest it last week at around 149.000 level. It accumulated around there for a bit and now it looks BULLISH, probably re-accumulating again, before taking off.
Historically I'm aware that GBPJPY likes to respect 0.618-0.786 FIB retracement areas a lot. 👍And I'm couting on the same happening here this time as well.
I'll keeping my eyes on the SPRING/ weekend break inefficiency Area for price action, and a potential ⬆️LONG entry.
🚨Setting my alerts at around 149.900, and we'll take it from there.
Have a great rest of the week.
USDCHF nice Wyckoffs in August, will the accumulation hold?USDCHF We're currently in a long lasting upward channel. Price creating LLs and LHs, currently creating another LL with a SPRING?
August showed few clear Wyckoff schematics and I'm considering some setups around the mentioned areas (especially 0.90500 - 0.91000 area).
With still some room in the Stoch for an upward move on higher TFs, the 1H is showing signs of retracement around 0.91000 area.
If we'll get to the SPRING area this week, I'll be looking for LONGS within the current accumulation (Spring / LL >> TEST).
GBPUSD strong rally.. a correction? or a trend-reverse thingy?GBPUSD price retraced to the 0.618 - 0.786 area 📈after a Monday rally, almost reaching my POI at around 1.37600. The Stoch enters the oversold area on 30m and 1h.
With a small re-accumulation 📊around 1.37000 the price broke that level and is currently heading higher. It can retrace back to around 1.36800 and head even higher to >>POI<< and 1.38000.
I'll be looking closer for a distribution signs between 1.37400 and 1.38000, looking for some nice setups to SELL ⬇️up there.
On the other side, if the price pushes down strongly below 1.36800, we can get action around 1.36600 later this week.
So, a correction, or a change of trend? I'll keep an eye on GBPUSD this week. 👀
NZDUSD this week price action analysisNZDUSD >> after a nice accumulation over last week, we finally got to a mark-up closing in to a 0.618 - 0.786 FIB retracement area. 📈
What's happening next? Few options here. Either we'll enter into a distribution, which can nicely fill up the inefficiency around a round 0.70000 level and continue lower to 0.68000 OR we can keep getting higher to target some SLs around 0.70500. Time will tell.
📯With plenty of fundamental news coming out this week, we've got something to ponder on.
I'm keeping my eyes 👀on NZDUSD this week. If any opportunity arises, we may get into some nice trades setups. Have a great evening.
Xrp monthly timeframe Notable!Hello!
Looking at XRP/BTC on monthly you can see that the price has made a quite big base on the price. Xrp has been consolidating for a long time. Actually 2 years now! That is a long time in crypto. I'd say there is big holders here on these levels waiting.. Patiently..
-Notable is the possible head and shoulder pattern. I did put the blue arrows for thats target.
-Big volume indicates that the bottom is in.
-I made the 50 EMA (brown one) little bigger so we can see its importance and how the price has been respecting it. (Red arrows)
I think this one is preparing for a big move. Usually after this long consolidations there is pressure engorged and it must get out somehow. Will see. This is just speculation.
Check out my Monthly Ethereum analysis back in november 2020
When/if we see a break from the 50 EMA and the key level which i marked this can move really quickly 180% against bitcoin like we have seen Xrp do many times
I am starting to look possible longs for this one. With tight stop loss ofc
Always use stop losses or you will get your ass burned!
N.1 mistake traders do is not to use them
-Jebu
$BTC Accumulation Indicator bullish divergenceGreat example of accumulation. Notice the bullish divergence between price and the accumulation/distribution indicator.
This was the give away.
Looking for some healthy consolidation and then continuation to next leg up $50K
Wyckoff still got it :) From crypto to bushels of wheat ....
GBPAUD Long - 1% on the table...Took trade off daily chart as price came down below the inside bar cluster with clear rejection and a curvy bottom. The H4 also produced a second retest with a higher low and clean rejection. Aiming for internal high and a partial take profit at next highs - risk a little over 1%. Stop below newest inside bar low.
ADA and ADA.D and crazy targetsADA has had an extraordinarily good last 5 days and we are going into the weekend before the weekly candle closes so a lot of the observations on the chart are still pending. This post is just another iteration of my volatility and momentum system that I have developed over the last couple of years. Just grinding what works for me.
The Thumbs up are what has flipped bullish and needs to be maintained till the weekly close. The question marks are what still need to develop and are unlikely to develop this period. Getting everything to be thumbs up on the weekly can get us a high probability impulse. Last time we went from 15c to over $2 before the weekly VSTOP flipped. We can outdo that this impulse.
The chart below Using the double ichimoku clouds for trends and volatility we can see price action has popped above the kijun (crypto) settings and both clouds are bullish. This is a very good place to be if you are long. The On Balance Volume EMAs are getting themselves stacked bullish once again with OBV above the 10 EMA, which is above the 20, which is above the 100.
There is not a lot of detail to the monthly chart but it is clear that no component of my system flipped bearish on this time frame while other top coins did. That puts ADA as a leader. I am not going to give you a powerpoint of death, but ADA is bullish on the daily, 3d and monthly according to my system. It just needs to get the weekly sorted out and I believe that has a high chance of happening.
The chart on Ada Dominance is extraordinarily bullish. It may go x3 in 2022 in a bull market which suggest massive gains for ADAUSD. The rising wedge does appear to converge on the 1.618 level and generally that predicts a breakdown to the bottom of the wedge. In blow off tops you can see price action pop out the top of a rising wedge before reversing in dramatic fashion. This will be a chart to watch.
Here is my crazy bull market scenario. I have seen enough movements assets to reach the 2 line that I think this has a higher chance of occurring than most people would initially accept.
Have a look at TSLA. It consolidated for 6 years and then has gone up to the 3 line and might take out the 4 line on the next upleg. Absolutely crazy target. If you said that TSLA could be at 715 when it was at 50 (accounting for the split) and you thought 1400 was a target people would have called you mad. But a few years later here we are. And ADA has a lower market cap and a faster market cycle.
Here is Bitcoin with a fib log channel from 2015 when it was under $200. That 1.618 line has been very predictive of stalls and tops. The 1 line was very powerful as support. I think we will see BTCUSD approach the 2 line, very easily. All that suggest to me that my ADA target is crazy, but doable.
My plan? Look for pull backs to buy on the 12h or daily on heiken ashi candles and use those to add to my position and set stop losses. If price is above the clouds and above the 50 period and we go from red to green and get some shadow less candles it is time to look for an impulse. I hope to let my winners run and so I will be doing more of trailing my stops up than taking profits unless we are at a serious level on the fib log channel.
VAKRANGEE Accumulation Phase Explained In Very Short.NSE:VAKRANGEE
Today we will be having a look at the weekly chart of VAKRANGEE which is currently in a re accumulation zone. The main topic of this post is going to be how we can identify whether any stock is in accumulation phase or not.
So, if you can see weekly chart of VAKRANGEE I have already plotted support and resistance levels for VAKRANGEE.
Support for this stock is in area of 24-34 from where we have seeing strong buying check the points Marked with E,F,G,H I and J where you can clearly see the strong buying is happening whenever stock comes in to that area which is confirming by supporting volume at those areas.
If we look at resistance, level of 71 is good resistance for this counter but look at points A,B,C and D from where we have seen prices moving down, but wait look at volume at same levels its started drying out as prices moving down.
Both of this actions near support and resistance levels indicating that some one is buying on each deep or Accumulating VAKRANGEE and that someone will definitely be the Professional traders of so called smart money.
And last weeks up move may be final intimation of up coming uptrend in VKRANGEE because if you can see points H I J they are forming higher lows now while all three points before those were forming lower lows which indicates change in trend.
Still Level of 71 will be very important for VAKRANGEE and after that stock will shoot up nicely.
Thanks For Reading.
|| Hari Om ||
|| Shree Ram ||
|| Ambadnya ||
Possible BULLISH run on EURJPYWe did break structure on the zone 130.570 that took liquidity ,of the last Higher Low , and now price is looking to tap on my POI . I'm looking for a small accumulation on lower TF inside my POI for a bullish rally to snatch liquidity from the HL's mark with red points.
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello.
I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point.
We have a double back test from previous resistance.
One long term finding support from previous bottom resistance
Another short term indicating another possible reversal.
RSI is showing momentum is about to break the current downward trend
Current correction is testing the lower edge of the channel.
Estimating that around November 12 we will see PLG at around $14 for a +4x gain.
Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run
This chart is full of good historic data showing strong potential for quick gains