Copper Wyckoff distribution idea!Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a phase of distribution and I want to profit from it while it's rangebound.
I will be long until the price reaches above the Buying Climax (BC).
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Shortterm
Resistance Breakout and 52w HighNSE:PIIND
had been consolidating between 3350 and 3457 7-8 trading sessions.
today it has given a breakout out of 3457 creating a 52w high.
the blue bullish trend line is acting a resistance now.
we can expect a further up-move if the trend line is broken, so one can enter above 3540 for a target of your liking.
SL can be kept below 3350.
Happy Trading!
GOLD WYCKOFF ACCUMULATION 30 MINS! BUY ON SUCCESSFUL RETEST!Hello my beauties!
A nice opportunity here as gold is set to break out of its range after a spring on a 1h/30m accumulation! Watch out and good luck, always wait for confirmation and don't be greedy!
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Descending ChanelIts possible we see price break above the channel and print a bullish flag which then will go and retest 48-50k in my opinion. The likelihood that this will fall below where are now depends on many things that can occur at anytime including the news and whatnot. I am seeing buying volume increasing which may indicate that bulls are getting their confidence back to fight the bears back but it seems that bears wait at key levels to destroy momentum in anticipation of a lower low and possibly into the 40k's.
I have seen this pattern before during the covid drop and the drop from 10k that caused my Binance platform to malfunction due to the liquidations. In either case, the price recovered from a point ABOVE the huge red wick that we are seeing here now. Also, the Spent Output Ratio is showing green ticks so this price can't be too bad.
BTC Short-Term and Zigzag PatternI see a zigzag pattern in the current bitcoin ascent.
As you know, zigzags are 5-3-5. The last ascent of this zigzag (C) will probably be around $ 55,000.
After that, bitcoin will probably go around $ 35,000 to $ 37,000
this correction will probably take more than a month.
Copper has just entered a Wyckoff Distribution!Hello all.
I think that Copper has just entered a phase of distribution, and I will be longing it for the formation of an Upthrust that will bring the price beyond the Buying Climax.
Like if you enjoy the idea, and consider following and supporting me.
Peace.
TrickleDown FX
Silver Micro Futures Reversal TradeThe Metal has reached lower rising trendline and looks good for a reversal trade. It is also supported by 200 EMA . Any Breakdown should caution for trade exit.
SL is set near swing low and can be lowered according to risk taking potential. Target is set near the near term resistance. Risk Reward Ratio - 1:1.
HDFC Life Short Term ReversalThe stock has breached lower trend line and took support in nearby support + 200 EMA due to results and might be in for a high risk reversal rally. Trade is supported by brokerage calls and major supports before SL levels. Target is placed near all time high with a risk reward ratio of 2:1. Any Breach in the major support level below should signal exit.
Caution : High Risk Trade.
ZEE Entertainment Ltd Short Term ReversalThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
SL is placed below major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal
Bitcoin Short Term TradeBitcoin had broken out and retested and may undergo a break down correction. Targets can be placed as per risk taking capacity and can also be used as SL once they have been crossed. Targets are supported by bollinger bands and supports. SL is placed considering a short term upper trendline (Dotted Line).
In case BTC fakes out and enters the previous trendline we can enter a long trade. Target is placed near swing high. Targets can be placed as per risk taking capacity and can also be used as SL once they have been crossed. SL is placed below the long term lower trendline. Entry Should be Taken after confirming Reversal and is placed above a short term resistance.
Minimum Risk Reward 1.5:1.
RETEST SUPPORT!!!!!!!!It's important to remember how the system works, if you look at the chart I'm sharing with you guys, then you can see and i know you know we are not going anywhere without retests support at $42326. If you look at point B you will see the price trying to break the support, but it's rejected. Point A and C as well. Its means Retest before to the moon. Btw, my first long term target is what you see at chart. Any thoughts, please feel free to share with me, I'll be happy. Thanks :)