Smart Money Concepts Diagram With Wyckoff SchematicsThis is a Smart Money Concepts Diagram With Labeled Wyckoff Accumulation And Distribution Schematics.
These are the main smart money trade setups that you will find in your charts, this is how smart money (big banks, funds, composite man, etc.) manipulate markets to engineer liquidity.
Wyckoff methods teach a bigger picture view of the markets and why they are moving, many times you will see smart money setups inside of bigger picture Wyckoff schematics that form certain parts of the schematic itself.
I hope you find this to be a useful reference diagram for Smart Money trade setups 😁
If you have any questions please comment below and I can make updates to the F.A.Q.
Diagram
AT&T Symmetrical triangleAT&T has formed a symmetrical triangle, which will lead to a bullish breakout. The prior uptrend can be observed as being very bullish, which led to the peak at (1) and bearish reversal at (7) . Have also included a symmetrical triangle diagram for anyone interested in learning chart patterns.
Understanding Traditional Pivot Points (Formula Diagram)Learning about market Pivot Points is powerful information as you can see in this 15 min Bitcoin session chart, the Pivot Points and their components (S1,R1,R2,R3, etc) are clearly respected by price action
I did a pretty extensive search for a diagram/drawing to better understand the formula for pivot points and I noticed there really are none...
This snapshot of a chart will help you to better understand how the Pivot Points are established as time goes on in the market...
In the diagram you can clearly see what a session term is, what its high/low and close are...
The formula for establishing the next session's Pivot Pivot is: high of previous session + low of previous session + close/3 = next session's Pivot Point
I will be making other diagram's of other components of a session such as the S1,S2,R1,R2,R3, etc.
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* You can find this indicator on Trading View by doing a search and it should come up right at the top. I like to use the standard/traditional