Distribution Schematic forming to me on Spx500.
Hello traders! In my last post as I told you I am expecting Wyckoff's distribution pattern so when the market reached BC(buying Climax) it was a clear sell because the market dropped after making M reversal pattern, according to Wyckoff's theory that was the Automatic Reaction AR after that market formed bullish engulfing at 16500 and the engulfing pattern is...
BINANCE:BTCUSDT beautifully matches the Wyckoff Distribution schematic , which means that a crash is likely now. Target 1: MA 50 on daily Target 2: MA 200 on daily Disclaimer: These are just my ideas and no trading advice, please do your own research before making any decisions.
GOLD has seems to be at its distribution area. Based on TP calculated using Law of Cause & Effect PnF chart, conservative target can be considered reached at USD2100 area (2077 to be exact). Here's how I deduced TP reached: 6 years of accumulation (2013-2019) at USD1180-1400/oz shows a classic schematic of wyckoff accumulation phase. On PnF chart, using box size...
Hello everyone ! I wish you all nice day my dear followers, friends, newcomers and randoom net troll visitors. Lets focus closer on The accumulation of wealth today at this chart Accumulation function, a mathematical function defined in terms of the ratio future value to present value it is literally the process of gradually increasing in amount, or the...
DOT has been in distribution for months (basically after listing lel) and is very likely to break bottom support line which will probably take it back to its binance listing price. Currently I think it is probable to break down the channel due to further bearish price action on smaller time frames. Many other alts like EOS LTC DASH IOTA showing similar bearish...
Its been in a downtrend for the past week. And its formed a hypodermic top according to Wyckoff Patterns. Would love to see a retracement to the upside before it keep selling.
Just an idea - but see how nicely the chart matches the Wyckoff Distribution schematic
Ready for cup and handle to push MEAT up. Canadian stock that has room to grow like Beyond Meat (BYND).
Saw that GBP/JPY was in the distribution phase which indicates exhaustion in the market which will lead to a change in the trend of the market.
Price is at Important Supply zone. Notice how price reversed down each time it came into this area. Also note the inverted hammer that has formed, suggesting a move to the downside. Profit is 5x bigger than risk.
OANDA:USDJPY Trade Idea - 💡 Looking for mitigation of the 5m Buy to Sell Candle, to form the UT of a Distribution Schematic Let Me know your thoughts? 🙂
So this is just following a very basic Wyckoff schematic to BTC current price action. usually we see these break down, with I believe a great short entry if we get a 1/4hr close back inside the range with a TP at the bottom then take another if we fall out. Play these with caution and remove bias as we may just put in a spring and this would actually be an...
Price is at resistance of channel and resistance area of distribution range. This a good place to sell to the support of channel or to midpoint of channel where partial profits can be taken. Consider also that since this is a distribution phase, a sell may be the better option to look for as a Decline most likely follows a distribution. In essence a sell position...
OANDA:XAUUSD Analysis & Trade Idea 💡 On the daily timeframe Gold seems to be in overall distribution from August the 10th after the market reached all-time highs. Key supply (support) and demand (resistance) zones have been highlighted in green and red respectively, it is worth noting that gold respects whole levels as points of entry for the sell as these...
I don't think Bitcoin will be able to break 13250-14k without a retracement. Greed level is extremely high atm. Lets distribute the bitchcorn!