Wyckoff Logic Supply and Demand NZDUSD
Technical analysis
Cause, distribution, equilibrium sequence between demand and supply between quotas , supply zone 0.65386 & 0.64141 demand zone .
Supply greater than Demand!
Implications, bearish!
Pattern Drop base Drop!
Effect generated by approx
246 pips.
SL 0.64953
Entry 0.63459, sell!
TP 0.60996
⭕ = circle
⏹ = square
🔺️ = triangle
Unit = ⭕ market
Polarity = 🔺️demand & 🔻supply
Equilibrium = ⏹ range ("the ratio between supply and demand is =")
PRINCIPLE OF DEMAND AND SUPPLY
The law of supply and demand
- here the analysts study the relationship between supply and demand , having as a reference point the price and
volume over a period of time as shown on the chart.
KEY DEFINITION
The law of supply and demand is of the utmost importance. If the application to
buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies)
is higher than the available supply, the only way the demand can be met is
for the price to rise to a level that attracts enough supply to match demand.
When this point is reached, the price does not advance. If the offer to sell is
higher than the demand to buy, the only way the supply will be absorbed is as
the price drops to a point that attracts enough demand to absorb all
the amount. When that happens, the price doesn't go down.
Supplydemandanalytics
Wyckoff Logic Supply and DemandUSDCHF
Technical analysis
Cause, accumulation, equilibrium sequence between demand and supply between quotas, 0.98639 supply zone & 0. 97127 demand zone .
Demand greater than supply!
Pattern Drop base Rally!
Implications, bullish!
The effect generated by approx 200 pips!
SL 0.98131
Entry 0.99408, buy!
TP 1.01391
⭕ = circle
⏹ = square
🔺️ = triangle
Unit = ⭕ market
Polarity = 🔺️demand & 🔻supply
Equilibrium = ⏹ range ("the ratio between supply and demand is =")
PRINCIPLE OF DEMAND AND SUPPLY
The law of supply and demand
- here the analysts study the relationship between supply and demand , having as a reference point the price and
volume over a period of time as shown on the chart.
KEY DEFINITION
The law of supply and demand is of the utmost importance. If the application to
buy an instrument (currency pairs, stocks, commodities , metals, bonds, cryptocurrencies)
is higher than the available supply, the only way the demand can be met is
for the price to rise to a level that attracts enough supply to match demand.
When this point is reached, the price does not advance. If the offer to sell is
higher than the demand to buy, the only way the supply will be absorbed is as
the price drops to a point that attracts enough demand to absorb all
the amount. When that happens, the price doesn't go down.
SANDUSDT DOWNTREND CONTINUATION OR REVERSAL ?
Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Checking our 1D time chart frame we can see that SAND is in bearish mode that began in November 2021, price action has responded to a descending trendline and tumbled 75.4% from the All-Time High of $8.44. The traders are
actively selling at this upper trendline, restricting any significant bull run.
-On the other hand, the buyers had defended the $2.6 support since last quarter, preventing any excessive loss. Thus, the price action got sandwiched between the descending trendline and stiff support, yet buyers failed to hold this
important support level and the price went down to psychological support 2$ , moreover on April 30th the sellers managed a daily candle closing below the $2 support, suggesting another leg down. However, this breakdown was not
that significant, and the price jumped above $2 soon after. The $2 support is an important support level ( demand zone ) as well acting as an psychological support .
- I suggest 2 scenarios :
- Bullish scenario : Buyers will try to push the price again to S/R $2.6 , breaking this level will give us a sign that buyers trying to take control and will push the price higher in order to break the descending trendline which it will be our
trigger for bullish reversal uptrend
- Bearish Scenario : In attempt for a pullback , buyers are facing a stiff S/R $2.6 and 20 EMA acting as dynamic resistance to this price which will cause the price to dip again to level support $2 then price would accumulate for a certain
time or even price can continue its downward move to level support $1.11 .
Until now SAND is still trading in bearish mode until a new confirmation from buyers , will be watching 1D candle close above this level support $2 to take an idea where the next move would take in
Good Luck Traders!
US30 POTENTIAL SHORTSPrice has a potential for the downside upon the retest of the sell zone.Wait for lower timeframe confirmation to confirm the move.
US30 POTENTIAL SHORTSPrice has a potential for the downside upon the retest of the previously formed bearish orderblock.Wait for your own confirmations to confirm the move.
NEOUSDT bottom found? ready to reverse?The price is testing the lower trendline of the ascending channel and the monthly support on 20.76$
on the lower timeframe, the price is creating a bear flag on it and the market got a rejection from the supply zone.
How to approach?
The price confirmed the 0.886 Fibonacci level as valid support on the daily static support on 19.7$. So if the price is going to have a breakout from the supply zone and ascending 4h channel, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
JICPT| Bullish setup of S&P on daily(4327-4400)Hello everyone. The recent sharp uprising of the US 10Y yield weighed on the stock market indices, including S&P.
However, it started to attract my attention as price approached to 4400 where Fib as well as flip level sit.
This is a simple bullish setup with high probability. I set alert around 4400 and will check the arrival on smaller timeframes to the entry.
What do you think? Give me a like if you're with me.
JICPT| NQ may retest previous key demand zone around 14000!Hello everyone. NQ has performed well since March 16th after Fed's decision to raise interest rate for the first time since the end of 2018.
The moderate 25 bps hike calmed investors a bit. However, I did notice the decreased volume since then, indicating investors may take a wait-and-see attitude against the backdrop of high inflation. Fed will definitely do more to prevent it from going higher. The possibility of 50bps hike is likely for the next meeting.
If we look at the US10Y yield, it's approaching 2.5% in a fast manner. I'm sort of concerned if it keeps going up to the next key level, say, 3%. That might trigger another selloff due to the DCF issues. By the way, from the US10Y yield chart below, I can conclude that the focus was shifted from the war to inflation & growth.
In the short term, I'm expecting the tech-heavy index to revisit demand zone(13800-14000) to have a beautiful leg-out.
What do you think?
BTCUSDHello guys.. :))
here we see a price reversal on btc, I personally will wait whether the supply zone at (42800-43444) will be broken and I will take a buy opportunity if the price retraces back to 41600 using price action..
thank you for viewing my analysis if you like it please share or like this analysis here I really appreciate it :)
NAS100 BUY SETUPReverse Head and shoulder formation at 12950.00. After the bullish run for the past three weeks, price retraced back to 13855.0 price level and at the same time making a 38.2% fib retracement at that same level. So my anticipation will be that price is likely to continue it's bullish movement from next week. Expecting price to reach the previous all time high at 16958.00
GBPUSD: Recent Supply Sell 🎯I would like to see price begin bullish for the day. Since we have swept some buyer liquidity it is only right that we go for some seller liquidity before the trend continues.
I will be joining sells at the 1HR supply IF the price respects my imbalance levels and gives confirmation.
I will keep you all updated.
Let's smash this week traders! 🔥
OGNUSDT is testing the monthly supportThe price got a rejection from the 0.80 Daily resistance where the market created a double top.
On 4h timeframe the price is creating a descending channel and the market is testing the 0.618 Fibonacci level and monthly support on 0.49.
The market is testing the supply zone right now
How to approach?
The price must hold the monthly support on 0.49$ and flip again the supply zone as new support. IF the price is going to have a breakout from 0.59-0.60, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
NZDUSD Long Trade Plan✅ Potential long opportunity if we see price respect the bullish structure, preferably price remain trading above 0.69 major level.
❌ Long bias invalidated when price trading below 0.6870 level.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together .
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support
USDCAD Long Trade plan✅ Potential long opportunity if we see price respect the bullish structure, preferably price remain trading above 1.25 major level.
❌ Long bias invalidated when price trading below 1.2450 level.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together .
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support