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T-distribution

Distribution & Follow-Through DaysInvestor Business Daily model follows the model of distribution and follow-through days based on volume as follows: Distribution days: A distribution day is defined as a day in which the move by the index is moves -0.5% on stronger volume than the previous day. Follow-Through days: On Day 4 or later of the attempted rally, at least one of the key market indexes must deliver a strong gain in volume up from the previous day. That big gain in rising volume is the follow-through day, which confirms that a new uptrend is underway. A follow-through day can't pick the exact day that a market bottoms, but it can get you in close to the bottom. Because this model is intended to value the market health, and how market-makers are positioning themselves, this cluster historically signifies a more defensive market.
AMEX:SPYShort
by dorfmanmaster
1
NDAQ shows perfect Wyckoff Distribution: Begin MarkdownNDAQ is of course highly correlated with NDX, QQQ, and relate tickers so if NDAQ looks bullish it is a sign that TQQQ and SQQQ will move predictably. If NDAQ is bearish that will have likewise opposite effect. NDAQ came screaming out of the March low to set an advance into a buying climax. The initial give back of that buying climax sets up the Automatic Reaction and that helps define our zone of support, also called the ice due to how dangerous it can be when it breaks. The support on the ice here was confirmed with a bounce of the 20 day moving average which lead to a lower high. That in itself is nothing too serious but subsequent to that price actoin slipped the 20 day and hit the ice again as a Sign of Weakness. After the sign of weakness there was a Upward Thrust which didn't have the buying volume to continue. In other words, bulls where exhausted and could not continue the uptrend. In another sense, there was no one else to pump the bulls bags as buyers were unwilling or unable to continue the trend. I like to use the On Balance Volume EMAs to evaluate this uptrend, peak to peak. I have tried using it on larger timeframes and it doesn't work for me, it isn't responsive enough on the monthly timeframes and my entries are too late. But this is a great resolution. We see this uptrend was not supported with enough volume and the indicator shows a lot of classic bearish divergence which predicts a reversal. Also, OBV break of the 100 EMA is extraordinarily bearish circumstance and should not be taken lightly. Also on that chart is my VSTOP system I continue to tinker with. The MTF VSTOP flipping bearish is also... very bearish. After the Upward Thrust the ice breaks. This is bad because if price action doesn't recover it basically drowns and sinks to the bottom. The ice has flipped from support to resistance and when price actin failed before even hitting the 20 day moving average we have a very bearish set of circumstances. The bottom might be hard to find. DJI has set a lower high and SPX is double topping, both with falling volume so this isn't a bullish set of circumstances. (Technically a double top has peaks within 5% but I think SPX double top with a 5.7% difference is close enought to round down). I am going to let this run for quite a while. I entered my SQQQ position a couple days ago and feel confident that I can let this run until I see some bullish divergence on the NQ1! or SPXU MACD on the 12h or I see NDX out of the bottom of the weekly or monthly bollinger band. My linked post below is one of my most painful post. I completely nailed the bottom reversal and then buggered up the trade by not letting my winners run and shorting too soon. That is one reason why I have incorporated the VSTOP and MTF VSTOP into my system to help steady my hands to the upside when the macro situation is so bearish.
NASDAQ:NDAQShort
by This_Guhy
11
20200908 NAS100USDHello again! So, after what... 6 months of uptrend? and having crossed the uptrend channel, i believed we could start thinking on possible distribution in place. This is not just based on 1D chart, but having lot of study in bigger time frame (1W or 1Month ... even 6 months...) So again, this is just personal idea and not financial advice! Use your own risk and if it works for you... dont forget to hit the donate button :P lol... Timing match for February / April / May periods of 2021... Elections for an UTAD .. so jeje too many coincidences... Ill be updating in case it follows or not the idea so stay alert and any question and comment are welcome.. Cheers! -CharterX
OANDA:NAS100USD
by CharterX
TSLA - Where are we now?It appears TSLA has just finished it's latest massive move up and is transitioning to a distribution phase. If TSLA cannot recapture the upper $1500 level, I would wait to re-enter. If it does however recapitulate above the $1600 level, it does have more room for newer highs. Personally, I think it's due for a decently sized correction. Potential Re-Entry range: $1,250 - $900 Note: This is a very wide range, we need more price action to confirm a more specific re-entry price.
NASDAQ:TSLAShort
by ericisom887
5
BTC Playing the Wycoff DistributionLet me start off by linking a textbook example of Wycoff Distribution. Understand the phases and then move on to this Bitcoin chart. Dropbox Screenshot: www.dropbox.com Article: tradingcoach.co.in WYCOFF DISTRIBUTION The phases of distribution follow a rhythmic pattern. After a major dump, smart money will accumulate a cheap asset, which causes a Buying Climax. Eventually smart money tries to liquidate their positions after the nice rally caused by their longs. This establishes the first resistance: Preliminary Resistance (Resistance 1 @ $10050). Due to smart money cashing out on their longs, the market follows their lead and dumps as well in what is known as an "Automatic Selloff." This establishes the first major support: Support 1 @ $8650. In this specific Bitcoin chart, there was a Secondary Test (ST) after the Automatic Selloff before the Upthrust (UT). Multiple ST's are common are smart money trades the range between Support 1 & Resistance 1. Each subsequent test of resistance tests the power of the bears. As you all know, once you sell you've sold. The sellers will eventually run out, and the buying pressure will eventually crack through Resistance 1. This is known as the Upthrust (UT) . Though sellers were shaken out at Resistance 1, there are plenty more at Resistance 2 @ $10450, so this upward momentum is halted by intense selling pressure. This is often a shakeout for retail investors who think Bitcoin will go to the moon from here on out. Once the bears regain control at Resistance 2, and the price crashes, the market sentiment becomes bearish. At this point multiple tests of resistance have occurred and many buyers have bought and been wrong because of intense selling pressure. The market sees the resistance as an impenetrable ceiling, which creates longer term selling pressure; this reveals itself in the form of LOWER HIGHS . I highlight this because this is likely the strongest evidence for Bitcoin being in distribution versus re-accumulation at this point. Volume and price are making lower highs, which is a significant indication of weakness. Eventually the bulls lose faith in their Bitcoin Moon wetdream and stop buying; at which point the bears regain control and dump like the day after Thanksgiving. The price tears through Support 1 where the Buying Climax occurred, and even through Support 2 @ $8150 where the Automatic Selloff found support. This is (obviously) a Sign of Weakness (SOW) and Bitcoin retests the lowest support from the range as resistance . WHAT TO WATCH 1. I am expecting Bitcoin to test Support 1 @ $8650 as resistance by roughly July 23rd, 2020 2. From there I will enter a short to Support 2 @ $8150 at least. 3. If Bitcoin follows a perfect Wycoff Distribution, then it will break below $8150 and dump to the next major support 4. The next major support, indicated by liquidity and price reversals, resides around $6600-6700. I will see you all at the bottom. Cheers.
BITSTAMP:BTCUSDShort
by Riester
XAUUSD SELL: Wyckoff's Distribution Schemetic # 2Hello Traders! This will be a very nice Time to make Huge From Gold. First of all Please Hit the Like Button For my Valuable Analysis and for my Hard work and share your thoughts in comment. There are two scenarios expected from Gold 1. Gold must close below 1789 to confirm the sell entry. Our Target will be 1660 2. If Monday Fail to close below 1789 Then Expect a buy In Gold and Target will be 1825. Wait for my confirmation for this trade or if you have a trade plan in this scenario so you can go for it.. The rare scenario is Market can close exactly @1789. It will be very tricky and we will not trade in any direction and i will wait for other sign to enter the trade for next week. In my Previous analysis i posted sell entry with Target 1788.60, This is still Valid. According to one my my strategy it will hit 1788.60. My strategy Give Exact Figure of Target and retracement Level with very high accuracy.
FX:XAUUSDShort
by Aadil1000x
13
USOIL Sell Wyckoff's Distribution Schemetic # 2Hello Traders, This is very nice Wyckoff's Distribution setup. This pattern is Schemetic # 2 method. It is going to break AR level to complete the pattern. Target is set using my strategy exact figure of drop is 36.46, we can see rise up from this figure.. We will look for Next move after it hit my Target. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas. Previous Analysis
FX:USOILShort
by Aadil1000x
USOIL WYCKOFF'S Distribution Hello Traders! This is a WYCKOFF's pattern, currently we can see a drop That will break the AR support and will reverse back. I have also extracted exact figures from one of my strategy which tells exact figure of target and turning point in OIL and Gold, With the help of my strategy i knew about drop to exactly 1748.50 and we bought at 1749.00. We are ready to make big from USOIL also. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
FX:USOILShort
by Aadil1000x
BTC Possible Rising WedgeSorry but not sorry for all the trend lines, in my opinion they are the best indicators. I am reposting an idea I had about a distribution phase we could be in. Previously I drew a pattern for phase C D and E, then drew trend lines that happened to pretty much line up with my idea. So that is what are currently seeing. From the trend lines I made, it looks like we could possibly be forming a rising wedge to another drop. I could be jumping the gun. If we are not forming a rising wedge, I think we should continue to creep up the trend line for a couple of days and have another retest to the $10200, as I mentioned in my Astrology TA post. Keep an eye on both!
by UnknownUnicorn4966627
2