Distribution TR? - Diverging volume (only converging with price rise during reactionary bounce through TR's EQ) - Overall decreasing volume and candle spread - RSI falling through support - Stoch RSI double top in overbought and will print bearish cross if price settles here or lower for the week - Current doji candle may be signalling an imminent reversal - Price...
A little like Kumba S32 is looking week in a strong sector. The relative strength to the resources sector is rolling over. I previously looked at the structure as accumulation but this seems to have been an upthrust (UT) that met with supply (Increased volume on UT). The volatility to the downside has increased from 19 to 28 to 34%. The upward stride has been...
I prefer identifying horizontal trading ranges (TR) but in the case of Mondi I will make an exception due to the clear change of character (CoC) that was seen in the previous decline. At the end of 2018 we have seen a decline that has never been seen in the stock before, with some volume. The attempted rally has been weak and I am expecting a markdown to begin....
hey traders, on pound aussie we have a very good example of market phases. pair is now approaching a decent level of resistance, and the market leaves multiple clues of bulls exhaustion. first of all, analyzing volumes, we see that smart money dont buy anymore, and prefer rather to sell: also, we have weakening overbought rsi with clear divergence, and...
Target found via Point and Figure Horizontal Count Box Size of 50, Reversal Size of 3
Growthpoint has been in a trading range since 2013. After a good uptrend, there was a throw over of the upward stride and a climax formed. The volatility to the downside has increased and Signs of Weakness (SoW) can be seen. Now after an Upthrust after Distribution (UTAD) and a test we have now seen a Last Point of Supply (LPSY). Looking for a high volatility...
ETH/USD is entering into a tightening range as we have strong resistance at the 4-hour 100 MA and support from the 50/200 4-hour MA's. With that said, I am leaning bearish in part due to LTC (see my other post for context on this.) Going along with that, the current side-ways range looks a lot like distribution to me; and that could indicate an eventual drop/dump....
The resources sector has been strong but Kumba has been a laggard in the sector. The Trading Range (TR) that was formed seems to have the characteristics of distribution with increased volatility. The volatility to the downside is seen by increased spreads, gaps and increase volume. Pullbacks have been on lower volume. After the recent pullback, Kumba is ready to...
Last year I followed the distribution pattern on RMI (See post below) which now seems to be completing. Price had found support at the at the bottom of the Trading Range (TR) but was unable to rally back the top of the TR. After some consolidation, we see a change of character bar (Significant reversal bar). RMI could now be ready to break out and start the markdown.
Very crucial point for Dow Jones here Possible LPSY in the making
All of this price action looks very distributive to me. I see a series of ascending channels / bear flags. Nothing for the bulls to get excited about here unless we see a major spike in bull volume.
AVI has been ranging since the beginning of the year. However, this looks like a distribution range. The declines with in the range have wider bars and sharper declines than any previous declines since listing. The last decline was on high volume and the attempted rally seems to be failing at the Yearly Pivot Point. Will be watching for price action and if the...
After a distribution trading range (TR) Peregrine Holdings was marked down. A re-distribution range formed and there was some effort to push the stock higher but without response indicating continued supply. The demand has dried up and the stock is being pushed lower after a retest.
The range in the JSE Top40 index that started in April 2015 seems to be a distribution range. Following the Wyckoff logic, we could have seen an Upthrust After Distribution (UTAD) and test at the highs at the end of 2017 / beginning of 2018. Now we see an increase in the spread to the downside of 8 to 11 to 12 to 19% indicating a bearish Change of Character...
Hey friends! If the wave count is correct this would be the current top for ETH. We also see some divergence on 1h and distribution going on. Good luck!
It is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an...
GE shares have trended down all year with a lack of demand. The stock price reflects the troubling fundamental picture. Shares will stay under pressure until this theme reverses.
Everyone very focused on the the daily chart need to zoom out and look at weekly, similar to how traders look at the 15 min / 1hr / daily for swing trades. Monthly showing clear distribution on increasing volume. Vol sell signal triggered and would need a close above 2935 to be bullish. Vol stop signal has been extremely accurate on the monthly. Look at the green...