There is an important study, that estimates the success of a Follow Through Days depending on how close a Distribution Day is observed. Look at the annotated chart on SPX. In essence if we observe Distribution Days close to the FTD then the probability of Failure is high. (Failure is defined by undercut of the Day 1 Rally Day ). Study is courtesy of IBD...
hello traders We have a bearish IMPULSE wave and the bullish wave is corrective and we have a reversal signal so we took a short position and we have multiple targets for this trade
hello traders There is a bullish impulse wave that did not close according to the method of closing the waves, we will get a wave equal to it at least, so if the price is able to remain above the support level, a buy trade will be executed to target the supply area
Few bearish dynamics at play here: Bearish Wolfe Wave that will complete 1-4 projection at 20.4k around August 21st Distribution that activated markdown on this breakdown - tried to get back in and rejected; initial target 22k, goal target 20.3k in confluence with the wolfe. ~Sincerely Winnie the Pooh
XAUUSD in the last phase of distribution (Phase E) and at a Demand zone get get ready shorts may come soon
i haven't posted an "idea" in a while; they're tedious a bit of a time waster often, but they're good to do; i'll have a little fun with this one but will have to leave it somewhat incomplete because... time; incomplete or not, this still ended up being a bit lengthy STARTING THE WEEK WITH A VP (VOLUME PROFILE) POC ANALYSIS since the beginning of the week, i...
Anything under this price looks like a good entry to buy and hold. Sysco is the main supplier and distributor to restraunts in Canada and is looking to keep expanding.
After completeion of the distribuation phase of Wyckoff with breaking out the support level which converted to resistance...retest was done and formation of new downtrend below the Fibo 0.61 level, below MA200 and bouncing off the trend line ...down move is expected from that level...be safe..
hello traders Liquidity has been seized and distribution has begun, and I expect a sharp drop in prices
Nice looking distribution with 5 Days of wick rejection off the 1.49500 level, swing low and trend broken i've entered, looking to take at least 100 Pips off this! Let me know your thoughts!
Hello, Looking at the ETH post merge can note few observations: 1. We are most probably in a Diamond Top reversal pattern on the 1D chart which is already in play ---> Target: The previous range high right below $1,300. 2. The current price action on the 1D chart looks A LOT similar to the one we had back in the period February-May, 2022. 3. The ETH/USD...
USDCAD Wyckoff method ( Distribution Schematic 1) setup found on time frame 30 minutes just for learning purpose not a financial advice
After the Ethereum merge the trading range has fully developed into distribution. RSI bearish divergence on the daily after completion of the UTAD Test (upthrust after distribution). Bleak outlook for ETH as it drops back into the TR
Adding the developing Head & Shoulders pattern to the clear accumulation and distribution seen on the 4h chart from June's lows until now. Note that the VPOC has already moved up from 3771 to 4137 (where we've been essentially stuck for days). If the pattern triggers and reaches target, $ES would be right back to the accumulation cost basis, with big momo...
LIQUIDITY PRICE ACTION distribution support and resistance
supply zone wave analysis liquidity impulse wave price action
hello traders The price reached a strong supply area and the price responded to the area and since the upside is corrective and the impulse wave is down, the price will decline to target the bottom
wave analysis price action range supply zone impulse wave