Possibly head and shoulders may be forming on the D, we recently seen distribution before this sell off. Volume and price action will give us a better look. What do you think?
Dow theory continue to suggest weak/bearish technicals after last night's Fed announcement. Dow Jones Transportation (DJT) has broke below critical neckline (fell thru the Ice) as Dow Jones Industrial (DJI) broke its uptrend line. DJI breaking its neckline, with confirm US markets entering downline.
I'm interested in a lower time frame supply zone within a higher time frame supply zone that is also an Upthrust After Distribution. The previous supply zone might prevent price from reaching my zone of interest but that is okay. My target is the support line when imbalance had occurred on the Daily, giving me a possible 1:11 RR.
Bitcoin - still redistribution scenario - after mSOW
I don't have time to plot it, the birds are singing here, but I just noticed this is appears to be another obvious distribution with price in the last phase before Mark Down in the AR and SOW support channel, just like last time. Should be a big drop from here. I'll find out in the morning. Anyone is welcome to plot it and post their chart here.
Hi Traders/Gamblers, This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown. We have hit our target area for gold as shown and stipulated. Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution...
Bitcoin - Wyckoff Redistribution - next move to 20k?
Last week, the instrument approached the upper border of the ascending channel 154.9, entered a phase of consolidation, after which a distributive movement should follow, I suppose that this movement should go down to support level 148.493
Since Wyckoff's Distribution Schematic is now viral, here's a map of Elon Musk tweets on it if you were curious who's side he was on.
Hey there, I've been using the wyckoff lately on AUD/USD. Currently I see it bearish. After the UTAD we had, I think we will only go lower now. Leave a comment if you have the same or other thought.
Left arrow was TESLA news buying Bitcoin. We never tested that level. This test is important. We either hold here and try to bounce or we go down to around the 28K level. If we see 28K could the bull run continue? I think it could. Do you think bull run is over? Would love to hear your comments!
Self Explanatory LPS should be named LPSY (my bad :)
In the Wyckoff Distribution Schematic we have entered the last Phase E. Coordinated FUD (Fear, Uncertainty and Doubt) has continued. Price target is the beginning of the pattern around $30,000 over the next week or two.
Update to the Wyckoff Distribution Schematic #2 first brought to my attention by YouTuber "Uncomplication". This pattern is market manipulation by the "Composite Man". As we move into Phase E, see below regarding when to short Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major...
BNB Binance Coin Phase B distribution, daily chart. Distribution range between Buy Climax and Auto Rally
Bitcoin - Wyckoff distribution (still?)