-Comeback from a sign of weakness -Bearish candle rejection -First take profit on next level -Second on the even lower support -Stop loss above bear rejection candle 3.75 r/r
Ive discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below. Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a...
Sell trade in my account (MT5) Valid DROP base Drop scenario ---> wyckoff distribution I wait for valid BOS in lower and higher TF then entry at mitigation of 15 min IC in the structure. RR: 1:9 take home 1:7 only because of my set TP in mobile. Note: for study purposes , please check my charts published.
Hi everyone, We all waiting the BTC going up. But probably not this week. I think the following 'Distribution' scenario is quite possible. The RSI moved out 70 points zone, the important structure point on the left side was sweeped. And here we might catch 2 trades. Open a "Long" position when price comes back to range after the "SOW" action, and "Short" after...
Obviously if the market goes against my bias this trading plan is no longer viable....at that point I will just make a new one to support what I see. However with the recent decline in its financials and on going poor performance, this cash cow is getting kicked to the curb by all institutional and or being slammed into the earth like a seed in hopes that it will...
NASDAQ:RYTM This stock seems to be following a textbook Wyckoff market cycle and appears to be transitioning from markup to markdown. Mid May was the beginning of a multi week base building/accumulation On June 16-17 we can see the "spring" that preceded a huge markup in prices. After that a sharp rally in prices into the $11-$13 range that formed a...
298 and 170 - decreasing volume at the tops of the chart. After the peak marked with the volume of 170, the next peaks are with much less buyer activity. In summary, buyers have lost their power. In addition, the chart shows the largest sell-off wave 233. This is the largest volume under the swing since we entered the sideways consolidation. Indicators used:...
An idea about BTC XABCD pattern, Order Blocks and resistance
DISTRIBUTION SCHEMATICS on higher timeframe-----> VALIDITY again for higher timeframe. Entry at 30min Institutional candle after seeing validity of the structure. RR: 1:26 Wyckoff distribution + smart money concept entries. Check the story on 5min---> 15min----> 30min---> 1H TF. you can see the same print of move up to 4H TF.
Following wyckoff method, after create the lpsy, the volume and pricing give the signal of sow, that's the confirmation for distribution setup. Then I will do a short trade for.
GBPUSD seems like it will not fall. A big consolidation is taking place in the daily time frame. In the intraday frame this could be a good trade to catch, a lot of positions already been accumulated in the demand area down.
4HR looks like price is now distributing, what do you see. like and follow :)
Ran into this 'AMD' concept on Twitter, never looked at charts as such. Can this NASDAQ:SMH Daily chart play out as such? Does it make sense to indicate Accumulation Manipulation and probable Distribution like this, or do we need more for this (?) Keeping an eye on it this way is harmless. Let's watch and see how it plays out. Always keep learning.
It seems that at this point, the SPX500 may fall to around TSE:3600 levels. After that, the game will continue in the HKEX:3800 - TSE:4100 range. A solid breakout above the TSE:4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below TSE:3600 could mean a bear market in global markets. According to the...
It seems to me that we are dealing with the last wave of distribution, which has given rise to a feedback divergence. Levels around TADAWUL:2100 are very significant. There may be a fake breakout there, suggesting a continuation of the uptrend. It should be remembered that after several years of growth in gold, there should be a distribution and a return to...
This is basis two things from 2015 when similar patter emerged. I have matched with 2015 keeping the time lengths in mind. 1. What are the phases? 2. How long do the phases last? IS there any match with Elections for the final pump heading in 2024 Generals? All the points match up beautifully to the perfection. Please refer to my previous one given below for...
Bitcoin has been trading sideways for the better part of two weeks now. Yesterday, there was a short-lived break out through the FOMC resistance, which got sadly sold off quickly. Since the break out was only minor & short-lived, there's a probability that we're currently trading in a Wyckoff distribution pattern, which could signal that this is area is the...
GJ has shown consistent weakness at this level. A promising sell initiative through the Asian open points to a push lower. I’m expecting a retest of 163.746 into a push lower to test local demand at 161.700. This trade is contingent on yesterdays intraday trend being broken.