ADAUSDT.P Aggressive Trend TradeAggressive Trend Trade 2R
- long impulse
+ biggest volume T1 level
+ biggest volume 2Ut-
+ weak test
+ better the the first closed bearish bar entry level
Calculated affordable stop loss
1 to 2 R/R take profit
Daily chart context
+ short balance
+ CREEK level
+ resistance level
Creek
$GASS: Challenging a Supply Line at a Support FloorStealthGas right now is attempting to Spring back above a Macro Support floor and break through a Supply Line it has formed within this range.
Upon breaking free from this supply line we should most likely see it go to atleast complete a 61.8% retrace.
BTC possible Wyckoff Creek into SpringPersonally I have been favouring lower prices and retest of 28K
This set up mid downtrend is not my favourite scenario but it is getting a little hard to ignore now
Can see a few days of volatility decreasing and supply exhausting. Hate to admit it but there are conditions for a spring action here
Not being the bottom saint but this could very well be the new low and perhaps bouncing on an apex style formation on higher timeframes (See last idea)
Risk management must be applied well as always but the set up is too good to miss.
Pay to play! If this fails then we look to lower prices...
$AMC Algo Creek Step One (1): AR1 Creek gets Broken and creates ATH2 which creates new ATH Creek (pink wave)
Step Two (2): ATH Creek Gets Broken and creates AR2 which creates net AR2 Creek (Orange Wave)
Step Three (3): ATH Creek gets broken again which creates a new Selling Climax SC3 and creates a SC creek (red wave)
Step four (4): Selling Climax Creek Creates a new Support Line
Step five (5): AR creek and SC Creek Intersect which will create a decision to be made
Wyckoff theory and Volume tradingHere is a breakdown on LTC because some have complained about my call to short LTC. I have not changed my bias. I want to give an example of the phases as I see it now and what I am looking for before I go LONG. This will be interesting for breakout traders since they usually don't realize that the break and retest trade is contained within phase C and may or may not contain a spring. But when it does it is a type 1 schematic and we see it pinpointed with a volume pattern we call the stop hunt pattern. Currently we are in Phase B.
Beark Creek Mining poised for huge run BCEKFThe year has been good so far for Bear Creek Mining, but as of recent, it has lagged behind it's competitors as the cost of silver has increased. I expect to see that once the 12-day EMA 26-day EMA, we should expect to see the start of a huge uptrend in the stock price. At this point of time with silver jumping above the $18/oz. level, this price is the base price analysis for the Corani Mine which will see huge increases in NPV. Corani NPV increases approximately US $112 M for every $1 increase in silver price (with
proportional increases in lead and zinc), According to a July 2019 power point presentation on Bear Creeks Website. This means that BCEKF is tremendously undervalued due to their ownership of one of the largest silver mines in the world, especially during the beginning of the bull market in silver and gold. Pick up this stock early if you can.
AUDCAD BUY OPPORTUNITY, STILL WAITING FOR ORDER BLOCK Waiting to JUMP THE CREEK off of the order block. Smart Money sold to buy and I am waiting for them to breakeven on the sell to push market up. Spread was WAY too big when the market opened yesterday, so I would like to see price come back to 0.94650 again give or take a few pips. Then we will jump in with the buy and ride it to the previous highs.
EURUSD the Wyckoff creek has been jumpedEURUSD has jumped the creek and reached the top of the Wyckoff accumulation range. At the beginning of April this jump was indicated following a spring and tests of the spring (See posts below). A possible consolidation and back-up to the creek should occur before the mark-up in phase E starts. Will be watching for longs once the consolidation has completed in the next few months.