Get started

Markup

AUD/USD 1hr MARK-UPThis was a mark up was on 9/30/19 - 10/3/19 I didn’t take any trades. I was simply practicing my analysis and see where i was heading with this. 4hr and the daily showed a confluence of the 61.8 and the 38.2 matching and where price continued to fail to the and make its way to the downside. With the overall view of the daily showing two pushes to the downside and the 4hr showing the same showed me that there could be a possibility for price to head and the same direction. With the daily showing a complete down trend and also doing my analysis on the daily and the 4hr. It made me believe that there will be a bearish trend continue to happen on the 1hr. the candles of the bulls where weakening while the bears where continuing to dominant them. It broke the HL sequence while it made new LL. With price at (.68012) Where the pull back is just 10.2 pips shy away from the fib 38.2 it still qualify in my rules for a pull back which gave us a continuation of the bearish trend and for price to keep going at the direction of the market. plus it hit a resistance level with the 38 as well. Looking forward Also with the resistance level and support level you can see a small Consolidation within a range. I was looking for the resistance level to be tested by price and to break out of Structure . If price come to test that level and respects it we would see the push continue within the box, breaking the previous low which at (.66875) which was at support and break the trend line and retest it and fail down to the downside before turning over to the opposite direction which is bullish. So allowing the price to finish box 2 projection before tuning over. I use news as a references, i don't trade with the news. But the FED cuts and the employment rate cuts in Australia also had a impact on the market as well for it to continue it in a bearish market.
by UnknownUnicorn891995
Interesting Markup of USDJPYThis kind of looks confusing but "bull" with me. Basically, I was practicing the top-down analysis to mark up the graph and so far its currently looking like a buy. The Larger purple box represents the weekly candlestick that I had highlighted, from them we zoomed in on the hour 4-time frame and highlighted the most recent candle in green and began identifying the structure of the highs and lows with the orange boxes. Currently waiting for a good entry with the M15 time-frame
Long
by rokoro2
JSE:TKG Telkom Great Wykoff StudyIt is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an inability to move to the oversold or overbought trend line, 2) The second two had over throws of the lines. Both these setup resulted in a trading range forming. The next thing is to notice how the trading range forms. Only the main labels are added to have less clutter. Volume increases on the Preliminary Supply (PSY) or Support (PS) and it is possible to even be the highest volume for the range as is the case in the Distribution Range. Next a Selling (SC) or Buying (BC) Climax is formed on volume stopping the trend (Phase A). After a Aromatic Rally (AR) or Automatic Reaction (AR) (Still Phase A) a period of low volume in the TR forms where the Composite Operator (CO) is carefully either Distribution or Accumulating stock (Phase B). Once this is done the TR ends in a Spring; Upthrust after Distribution (UTAD) or Last Point of Supply (LPSY) / Support (LPS) Before breaking the TR (Phase C). Once it has been marked out of the TR a backup to the trading range first takes place (Phase D) before the Markup or Markdown can begin (Phase E). Also notice how the Volume RSI can assist in providing a clue if an accumulation or distribution is forming.
JSE:TKG
by SteynTrade
4
JSE:SOL Sasol Mark-up ContinuingStarting a new post for October to track the structure of SOL (See link below for Septembers post). Last month it looked like the markup had started and trading in a strong upward channel. At the end of the month the lower support line seemed to have broken. However, there has been effort to break the trend without response (high down volume but no progress in price). This effort is also seen in the negative divergence of price with the OBV. The 50 SMA seems to be a level of interest for buyers. If the 50 SMA is broken there could be more downside back to the accumulation range. If it holds and we could see a further markup to levels around 61800 and possibly even breaking the previous high at 65200.
JSE:SOLLong
by SteynTrade
DXY Sept. 9-14 2018Hey everyone. Back with another mark up! This is what I'm seeing for the DXY for this week Sept. 9-14, 2018. Following a strong push up on Friday 9/7 with the release of NFP data, I see the DXY continuing its uptrend towards the 96.00 region. 96.00 just so happens to be a 61% retracement from the drop that first began on August 15, 2018. As you can see we also have just respected the 61% retracement level of 95.9, and the 127 extension falls exactly in line with our 96.00 target. Hopefully with a bullish dollar this week, that will see a drop in other non USD based currencies so watch out for that as well! Much love to you all and good luck this week! Happy Trading! ~ Trader Trev *Trade at your own risk. I am not qualified to give financial advice. This is simply MY PERSPECTIVE :)
TVC:DXY
by WillowKid
JSE_SOL: Wyckoff - Sasol Accumulation CompleteFollowing the Wyckoff logic: Sasol has been under accumulation with bids coming in at 36000. Volume has been declined since 2017 showing the stock has moved to strong hands and the markup has started. Will wait for a backup to the trading range which would label the market to be in Phase D or pullback in which would indicate we are already in Phase E. But semantics aside the markup is starting and it would be good to find a good place to enter to ride the trend to the highs or even new highs.
JSE:SOLLong
by SteynTrade