We all know that moving averages, in particular, moving averages of closing prices tend to be highly inaccurate indicators and frequently miss major tops and bottoms. In backtesting, they tend to be accurate some 30 to 40% of the time which is to my way of thinking unacceptable. On the contrary moving averages of opens versus closes for highs versus lows, when...
Hello my beauties. The pair seems like it'll be facing quite a bit of weakness in the next weeks/months, according to Wyckoff schematics. 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
Hello my beauties. I think USD/CAD is in a phase of distribution, right before a powerful markdown. Check my previous analysis, we had predicted the moves that happened and we were expecting a retest of resistance before melting further down below the red line, that defines the trading range, according to the Wyckoff schematics of distribution. If you find this...
Hello my beauties. I noticed that USD/ZAR will most probably go through a phase of short term strength before marking down, after these very long term distribution schematics are completed. 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...
Hello my beauties. Draw your own conclusions. Much love! TrickleDownFX
Gold can some times be a pain in the ass but a good pair once it goes your way. It has been building liquitiy for a whole year now. If we experience consolidation of price in the coming days just watch out for a bull run before a nasty fall happens. Longterm we are bearish but sellers in the markert must be reduced. I hope this gets out to as many people as...
Looking at EURNZD for a bullish rally to my blue POI. 1.The first blue POI that is mitigated, made a new daily HH and break down to the the zone of demand. 2. Price is now heading to the demand zone 1º (Red POI) 2º (Red POI) to take liquidity of the daily accumulation.
Hello my beauties. I think MRNA has entered a distribution range, as the ST (second test) seemed to be pretty weak, and the price is now showing weakness below the trading range. We are going to wait for further developments in price action and eventually take a trade on the final LPSY. For those of you who like trading ranges, this might be a juicy opportunity....
Hello my beauties. We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also...
Hello my beauties. I see a distribution schematic travelling towards completion on amazon. If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a...
Hello my beauties. Apple is in a distibution phase, right before the markdown. I will wait on a successful retest of the trading range, and sell. The arrow doesn't indicate the actual price target, rather an idea of the direction of the upcoming trend. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a...
Hello my beauties. I think UsOil is showing signs of distribution on a 1hr timeframe. This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different...
Amazing example on Dow Inc. of a Trading Range following Wyckoff Distribution Schematic #2. ------------------------------------------------------------------ What is a Trading Range? ------------------------------------------------------------------ In an trading range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to...
Wyckoff Distribution is nothing to sneeze at. This could signify **Big Money** (known as "Composite Operators in the Wyckoff world) leaving the market. This would indicate that they are cashing out, not caring what happens to price. Here's the schematic that I've identified: miro.medium.com Additionally, this same schematic took place in bitcoin not too long...
Hello my beauties. I have seen a strong reaction to the downside after a BC. I think that Ethereum is creating a range of distribution. 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
21/09/2021 Currently trading on 42 700 USD. After Sunday - Monday crash bitcoin falled from 48 800 USD to 40 000 USD. Many traders were liquidated. Reasons for crash 1) Volume in market is very low. 2) China FUD - Evergrande company has some problems and all stocks falled down. 3) Stocks are on the tops and market is very tricky. 4) In market are many...
1 Hr trend is bullish, but lower time frame showing signs of distributing before coming back to internal liquidity before making new highs.
Almost identical fractal playing out. Wouldn't surprise me if we just copy paste this Wyckoff distribution scheme. Possible short entry around 0.66, this level is still highly respected.