EUR/GBP has a bearish possible scenarioWell, this is very easy the technical analuysis, the price has in range of distribution of the market nd are consolidated, and well, this is a great opportunity to earn a lot pip in this par, wll, as we see the situation of Brexit, this has make thsi par very sensitive their movement of the Eurozone and U.K., But, there are not range, but we have in the distributtion zone of this par. But, well, there are opportunity, The most strategy to opperate in this range is in Daily timeframe, because the Daily timeframe is in the range of distributtion.
T-distribution
USDJPY Distribution and Re-DistributionGo for sell after 30 min candle close below 106.96 support. Its a redistribution pattern, we will see more downside in usdjpy.
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XAUUSD WYCKOFF'S Distribution Method, Don't miss final peakHello traders we have traded every wave of Gold in this month of june and we are nearly 1000 pips profit without any loss. This is a Wyckoff's distribution pattern. My current trade target is 1744 and i am expecting a drop exactly from 1747. I dont think market will move above 1747. This sell will be in 1000 pips profit so dont miss this final peak and keep trade running till Target.
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Previous analysis
XAUUSD SELLGold is ready to fall big this time it is also a third attempt to sell from same area. You can sell more if market reach to 1741. I am not expecting it to break above. But breaking above will test 1782 target.
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Gained alot of pips just from gold this week, here are previous analysis
XAUUSD SELL from 50% of DistributionPrevious trade worked very well now i am expecting the same trade. you can go for the sell again. This Distribution technique will work again and again. this time it can go more down.
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Previous analysis
XAUUSD SELL FROM DISTRIBUTION AREACongrats to those who stayed with the trade and achieved full 540 pips target. My previous target was at 50% of distribution. I knew Distribution will attract market like a magnet now it will throw it back. Stoploss is set little above the resistance and Target is set to first support.
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Previous analysis
#Bitcoin Moon to 40K but...... when?
I was able to accumulate at 6500-5000$ levels but still not enough, now i know MOONbois will say you missed the dip, we are mooning now but look at the charts, I will cancel this lower level bids only & only if bitcoin is able to close 2 weekly candles above the RED resistance trend line
I don't care if I miss it hell my alts have been up 50-60-100% lol
as with the alts I have entered before on retest, I will do the same with Bitcoin, if we break & close above redline will enter on the retest. till then we are currently at trendline resistance & distribution zone, also we are at Fibonacci golden retrace level from the TOP to bottom.
i also tried my hands on Ghost feed/bars pattern lets see if it goes like i want
if BTC retraces there are 2 setups I will risk, both divided equally, one around 7000$ & another is around 5000$
though i am BULLISH on bitcoin but understand triangles can BREAKDOWN as well if it does well then 💩💩💩💩💩💩💩💩💩
Take a deep breath, We are doing wellAlright, dont hurry now, we are in distribution phane now, so dont fomo, wait a few hours and choose your side carefully, if you lost a trade, its ok, market is here you will do that another day.
Anyway, as you can see we had a beautiful mark up here its about 8800 to 9600 ! almost 1k push up :)
First of all we are in a range for a while market needs to rest, second it was a big one again and it needs a correction(about 30% of it), I changed my rectangle channel 9200 ~ 9600 its a 400 pip channel
These targets are really strong magnets here, so read this post carefully.
We had cross over on ma's, rsi was in convergence mode and also macd was really strong, and volume told us a big trend is coming and it happened last night.
Current place is one of the most dangerous places in last month and as you can see we are on the top ! and we touched 9600 ! the pressure of this resistance could push us down, but how much? how much are we gonna go down ? in my idea this is not gonna more than 300 pip !
So I recommend you to be ready for another long, set your start on 9250 to 9600 and 9800
I have to say short is possible too, so keep your eyes open and if you see a candle below 9150, it will go down to 8800.
Im in long and I dont want to enter trade now, its in range and trade in distribution mode just makes you nervous about your position and it will make you crazy by FOMO !
I will publish another idea for 4h chart soon ... watch it and feel free to leave your comments for me.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe
🧐Are we're in the end of Distribution Zone?📉 Hi, friends👋🏻👋🏻! Glad to see you on my daily Bitcoin review 💓
It already looks like the mainstream 🤣🤣🤣
Look carefully at the chart📊, if you look at the price movement by zone, it's very similar to distribution.💥 And we are at its last stage.❗
⚡If so, then a fall in price isn't inevitable!⚡
You should think carefully about what to do with your positions. 🙏🏻
Always remember the risks.❗❗❗
❓❓❓Guys, would you like, that I'll write EDU post about distribution and accumulation?❓❓❓
😉If yes, put me like and write in the comment🙌🏻
I'll be glad to be helpfull for you!💓
Stay with me💋
Your Rocket Bomb🚀💣
AUD JPY Update 100pipswhat can we see?
So firstly see the original link to our original analysis for before and after.
We had an Impulse, correction and a double top ,
now we are hitting the fresh supply zone. .
Note: Still keeping an eye on the 70+ mark. But the double top was enough to start the move for us.
We have added positions at 69.2 as the bears are pushing price down. We will only sell on fresh tops from corrections.
Happy trading
Lupa
USDCAD BUY AND SELL (DISTRIBUTION SCHEMETIC)USDCAD is forming distribution schemetic formation. You can go for buy NOW with t.p at top of upthrust. Go for sell after you see some kind of channel or pattern @1.4150.
Hit the like button if you find it helpful and informative and follow to catch every wave correctly.
PREVIOUS ANALYSIS
Wyckoff Take III: the floor gives way, back to where we startedWelcome to Phase D!
CME futures opened on the black line, and we pretty quickly dumped to the bottom of the trading range thereafter. This set us up for an obvious SOW (sign of weakness) dropping below trading range. So my previous sell zone on the way to a last 9K bulltrap turned out to be too optimistic, and any rebound we get now, after dumping 4 solid times from the UTAD ($600 down), is going to run out of steam. Leveraged longs have been liquidated too many times, bulls’ stomachs (and their wallets) have been hit too hard to sustain another rally. We should get back up into the Trading Range for one last bulltrap - but remain in the lower half at best. Too many bears salivating at selling 9K one last time, which ensures it won't happen.
In normal circumstances, after dropping out of a rising channel like we just did, I'd be fairly sure we would rise to kiss the underside of that channel floor -- but the only way I can see that happening is with a long wick up from this 8600 local bottom, not from a rally that climbs with hope to the edge.
Best hope for this rebound is to hit our head on the 0.382 fib with a quick spike - then pullback and curve up to try again - only to fail and form a bearish double-top. Then it’s on to Phase E and more dumps.
TP1 zone was hit $8520, landing on the median of this bear pitchfork perfectly, and also the level of our AR (automatic reaction) spike after the Buying Climax.
I have revised my dump path and targets, this will be more severe and straight down 5 impulse wave, I don't sense any hesitation in the bears or enough courage from bulls to "pause" the selloff bounces for reconsideration on the way down. TP2 and TP3 are now $8200 and $7800 (right back at the
previous stiff ceiling before the pump)
Props to @Divineraze who caught the highest possible short in this distribution range, $9200 the tip of the UTAD!
Wyckoff Take II: UTAD edition - ending with Arc of Dump DestinyMy last chart mapped out the Wyckoff structures, but left out the UTAD: upthrust after distribution , assuming that the LPSY dumping was already in progress. As it so happens, the selling I prematurely thought was the end of the TR -- was in fact whales testing distribution, but followed by the UTAD (a driven move hitting stops and forcing a vertical move to $9200). The Up Thrust After Distribution is explained here:
"This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UT or UTAD allows large interests to mislead the public about the future trend direction and, subsequently, sell additional shares at elevated prices to such break-out traders and investors before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move."
Ironically, in my previous charts, I actually projected this very rise to $9200 before heading back down to the low range. I even expected to TP at 9200, because the retrace fibs of the last drop were perfectly positioned there. But in my blindness to Wyckoff, I didn't realize I was forecasting the UTAD itself. I got bear goggles, spooked by the first dump, but thanks to sufficient margin, wasn't at risk of getting liquidated. So I will miss the $200 ride up and back down, but this development only confirms the original Wyckoff Top distribution scenario more surely. The resolution simply gets delayed a bit.
A few new things have caught my attention since rushing out the last chart. This new correction pitchfork, a favorite of mine when charting bear seasons after a bubble peak -- actually fits this price action perfectly, to the very point of our $9200 UTAD peak smack on the intersection with the rising channel top! Also, I reframed my white rising channel to better fit the controlled edge touches (not the selloff overshoot). And a new alignment appears with the CME futures opening at 5pm Sunday evening CST --- the futures closed at $8840, and I believe spot price is going to drift right down to meet it. First - because our bearish Gartley is supposed to resolve down. Second, because the UTAD is a temporary high structure in Wyckoff, and resolves back down to the Trading Range. Those should all converge at about the right time and price expected.
Now the resolution: lots of bull hopes are inflated by this recent pump to 9500, and they're strongly expecting a breakout to 10K and beyond. If this whole sideways range **does not dump at the LPSY areas** but instead just keeps climbing, then the whales really are taking us to the moon before halving, damn the distribution.
If we have a proper LPSY and SOW selloff -- but the drop stops at 8520, refusing to breakdown the rising bull trendline floor we've been riding above for weeks, then the Wyckoff was valid, distribution whales get to take their profits, but bull sentiment is just too damn strong to stop the market from continuing to go up on the sideways.
If we break down the intersection of the pitchfork median AND the rising bull floor, then it's dumpsville. All the way to TP2 and TP3, bottom of the bear fork but no lower than $8000 probably. Any rebound from such a dive will be weak, because we will have retraced to the 0.845 fib, almost the entire pump rally!
Decision Point - $8840
TP1 - $8520
TP2 - $8260
TP3 - $8020
Bear Market Rally Selloff BeginningWell, I publish an idea last week enthusiastic and euphoric it was going for the moon, but admitting when you're wrong when your stops hit means it's time for the other direction. Between the last couple of weeks cooling off and prices falling below prior support trend lines and failing to break back over them as resistance means the short term trend is changing direction.
The momentum as reflected in the rate of change has been rising, but has still failing to reclaim a positive direction from a month ago and is again falling. I don't expect this to be as hard or as fast as March, but it could be. The size of the Bear market down trend channel is huge, but after the moving averages bunch up and the price bounces off of the 252 day average as a resistance, expect huge moves downward this week. I would not be surprised to see more circuit breakers get hit again, but I'm only about 33% of my portfolio short right now and am waiting on confirmation that the down trend has resumed in earnest to go further short. Selling volume is beginning to rise, and the weekend down is looking pretty hard down already. Stochastics and RSI are all breaking back downward, so it looks like the Bear rally is dead and about to swipe back down again hard. The distribution is just beginning, and I expect it to pick back up in force on Monday.
-- NOTE --
I've made some changes to the Rate of Change (ROC) indicator that are shown here, but have not published the script. Let me know if you're interested, and it goes from hard green and red buy and sell to blue for cooling uptrend and purple for recovering downtrend.
Britannia ~ Distribution Phase over?We got historical volume on 3rd week of April and yet price couldn't break above upper range of distribution and in fact price closed with 2 upper wick for consecutive weekly candle. As long as price stays below 3400, we might see big down move on this instrument.
Target 1 - 1400.
Target 2- 850. Failing to hold 850 will take price to much lower levels.
Target 3 - 430.
GOLD Gold Weekly idea.
Finished fifth wave (or near about)
Formed SOS on high - Looking for BUEC range confirm as wave 2 back to 1200 dollar area.
Then move to 3ks looks likely given macroeconomic outlook when the $USD stops being deflationary and starts an inflationary cycle
DXY looks to make up to 30% rise which will be key to the play imo.
Retail are looking to buy into Gold and BTC at present due to inflation fears, CO of both markets looking to take profits in a dollar which is increasing in value.
Both assets have yet to retest the range from their Accumulation phase. XAU is more likely to be the more predictable of the assets,
The air is ripe with retail money in response to the news and makes a ripe environment for local distribution.
BUEC target (RangeEQ) lines up with the expected 618 retrace for a wave 2
Will keep this idea running.
Short from here
Looking to long 1200 area