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DeGRAM | EURUSD rise with bullsThe global picture for the eurodollar today is as follows - a false breakout of a strong support level was made - the lower border of the price channel and the price was returned back to the level. Recently, the instrument has tested already in the long movement the resistance of 1.19 and a small bearish correction is being formed. The instrument is in the moment in the long zone, which means that the movement will continue to the long-range resistance. I think that after the end of the correction, the price will continue its growth along the global trend. There are important levels ahead, which are of interest to major players. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Long
by DeGRAM
4
Formation of consolidation according to Wyckoff (addition)Hello amateurs and professionals😎. I would like to add a few clarifications to my previous post about the Wyckoff accumulative model PS - preliminary support. The moment a large buyer appeared, who stopped the market and decided to gain a position. Volume increases and the price spread widens, signaling that the downtrend is nearing its end. SC is the maximum point of sale. Large mass sales by the public are consumed by larger professional interests at or near the bottom. Often the price forms buyout bars - it closes far from the low in SC, reflecting buying from these large interests. AR is an automatic rally that occurs when sellers begin to weaken and change sides or exit the market. A wave of purchases easily pushes prices up; this is further fueled by a short cover. The high of this rally will help determine the upper limit of the cumulative TR. ST - a retest attempt, in which the price revisits the SC area to set the position by a large player. If a bottom is to be confirmed, volume and price spread should be significantly reduced as the market approaches support in the SC area. Usually several STs are placed after SC. Nuance. False breakouts or shakes occur late in the TR and allow large players to check on stock before the mark-up campaign unfolds. The “spring” pushes the price below the low of the TR, and then reverses and closes within the TR; this action allows large players to confuse with the direction of the trend, increase liquidity and enter the market at a favorable price. However, the springs and knockout of the leads are not required elements: the accumulation diagram 1 shows a spring, and the accumulation diagram 2 shows a TR without a spring. Test. Large players check the market for supply throughout the TK (eg ST and springs) and at key points during price increases. If there is a significant supply during testing, it can be seen by volume, the market is often not ready for the markup. The spring is often followed by one or more tests; a successful test updates tops with insignificant volume. SOS - Volume appears and a major player is identified with direction. Often, an emergency signal occurs after a shake. LPS is the last point of support. Some charts may have more than one LPS despite the supposedly extreme accuracy of the term. BU - "back-up" - backups are a common building block prior to larger price increases and can take many forms, including a simple rollback or a new TR at a higher level. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support! info taken from WyckoffAnalysis
Education
by DeGRAM
22
DeGRAM | SILVER trend change? Silver breaks the downward long trend on impulse and goes up to resistance. A movement of 4.3% hints at a trend change to an upward one. The instrument closes at the high of the day's movement and directly at the resistance level. I look forward to the continuation of the movement after a slight rollback. The target is the nearest strong resistance at 25.89 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAGUSDLong
by DeGRAM
6
DeGRAM | GOLD growth without retracementGold on the daily chart is sandwiched between two levels. False breakouts from below, it is clear that a major player is gaining a position for growth. There is a level on top. 1829 and behind it the resistance zone where there is a huge accumulation of orders. The zone is strong enough and at the moment it is important and carries priority over most of the players. Locally I expect growth after consolidation. Target - level 1833 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
FX_IDC:XAUUSDLong
by DeGRAM
6