A Bullish Bat pattern appears on a ranging market. Right now CADJPY does not have a distinctive trend. I will observe how the candle forms up to decide if I'm going to engage this trade.
2015 50% Fibonacci Level held as a pivot as price traded under it whilst testing it 50% Fibonacci was re-tested upon breakout Capitulation was -65% Capitulation wick was -22% below the close Price simply traded sideways within a range 2020 vs 2015 Similarities 50% Fibonacci Level being tested as of now and this is a key pivot zone ...
In small timeframe we will see WYCKOFF'S distribution pattern. Its a sell pattern. Its in a small timeframe so it will be short term sell. Hit the like button if you find it helpful and informative and follow to catch the waves correctly.
There is no sign of buy to go for long. My target of sell is 5500. Situation is getting worse. Every next day is worse than the previous day. When we can say days getting better according to report then it will be the time to go for the long term BUY in NAS100. NA100 has formed a reversal pattern which is known pattern: WYCKOFF DISTRIBUTION SCHEMATIC #1 theory....
looking alot like wyckoff distribution here
The ETF holds Real Estate Investment Trusts. These leveraged vehicles will soon be strapped for cash as tenants refuse (or cannot) to pay rents, but mortgage holders and bank lenders will continue to demand payment. It is increasingly likely that some distributions will have to be cut which will make prices of the trading units suffer.
This is the bigger picture of gold. We are in the distribution phase. The next move will break the previous lows. Target will be near 900$. We can only trade in a smaller timeframe. Its little upside will be huge. If you are buying physical gold as an investment this year than you are making a mistake. Hit the like button if you find it helpful and informative...
Last point of supply was the final point to the upside where it tested BC. We will see more correction and fall pattern in EURCAD. This pattern is the theory of WYCKOFF which is called as distribution schematic #2. Hit like for support and follow for many more upcoming accurate pips.
Euro is at top of a number of downward channel trend lines and is printing a megaphone pattern. This looks like distribution as the larger traders dump positions into the order book and widen its range. Selling from the top of the day here could be a very good swing position short. I also have a short bias intraday.
Considering years of range-bound PA, awful financial situation and crumbling fundamentals, I'll be shorting this stock at POE. Price objective: $80.
Whether you like it or not, BYND is the first mover in the alternative meat industry. There is just way too much upside and growth to be captured in this nascent industry. Future trend toward green environment and sustainability will only push this industry higher. Three scenarios- #1. Test the local resistance one more time and break out of the bull...
Short term is grim for bitcoin, which looks like to follow a distribution pattern. I expect a drop until 9k but if it's not absorbed, then we will go to 8.2k or lower before trending bullish again for halving(assuming is not priced in). A golden cross has happened and historically bitcoin has dropped signficantly after such event just to rise stronger and reach...
Hello Traders ! I decided to post USDCAD with an exact explanation. Market Phase: 1) Accumulation Phase - Smart money, experienced traders and institution join the market 2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices. 3) Distribution - Is the origin and the initial phase of a bear market, at this...
if you are familiar with Wyckoff distribution, you will see here that BTC is following the phases perfectly. We are very likely to see more downside action before any upside. This not financial advice, please do your own research before opening a position. Hey everyone, if you enjoyed the idea please give me a like and a follow, many more ideas to come :) Thanks...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
We are in Distribution zone weekly on Facebook inc . The distribution is the cause of future trend short
Bitcoin may be in a Distribution Stage of the Market as Price has tagged the $9,000, but momentum of the RSI is decreasing in power. This is Bitcoin, so it can just pump to $9,400 out of nowhere. I'd be safe and trail your stop loss tighter.
MCD is struggling to form a short-term bottom at a non-support level. The stock had been under heavy distribution which triggered High Frequency Traders selling short as well as Pro Traders selling short, even while new Retail App Broker Investors were buying into the downtrend. Buy on the Dip strategies are in play, but the large lots overwhelmed the retail small...