FB POSSIBLE ACCUMULATION DISTRIBUTION, PRICE STUNNED SIDEWAYS!Hello my beauties.
It seems like FB has just entered a range. It gave us a PSY (the price hesitated strongly in preparation for a new phase) and it is probably going to fall down to support before giving us further information. It is hard to establish what will happen next as it is too early to make out whether we are in a bullish scenario or bearish, but I thought it could be a nice opportunity for those of you who like trading ranges.
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Luca, TrickleDownFX
Tradesetup
TWO SCENARIOS FOR HP ACCUMULATION OR DISTRIBUTION?Hello my beauties.
I think HP might be accumulating. The range is clearly defined, but we need to understand whether this was a spring or a sign of weakness. Regardless, we will wait for the price to react to the top of the range by whether breaking it and retesting it successfully, or by breaking out and quickly recovering beneath the red line.
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Luca, TrickleDownFX
APPLE DISTRIBUTION SCHEMATICS!Hello my beauties.
Apple is in a distibution phase, right before the markdown. I will wait on a successful retest of the trading range, and sell. The arrow doesn't indicate the actual price target, rather an idea of the direction of the upcoming trend.
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Luca, TrickleDownFX
POSSIBLE USOIL 1HR DISTRIBUTION!Hello my beauties.
I think UsOil is showing signs of distribution on a 1hr timeframe.
This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range.
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Luca, TrickleDownFX
GBPJPY Sell a break setup,GBPJPY - Intraday - We look to Sell a break of 151.89 (stop at 152.18)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Daily signals are mildly bearish.
A higher correction is expected.
50 4hour EMA is at 151.15.
Previous support located at 151.10.
Our profit targets will be 151.11 and 150.91
Resistance: 152.65 / 152.85 / 153.00
Support: 151.90 / 151.50 / 151.10
GER40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15702 (stop at 15657)
A break of yesterdays high would confirm bullish momentum.
A break of bespoke resistance at 15700, and the move higher is already underway.
Expect trading to remain mixed and volatile.
Our short term bias remains positive.
Our profit targets will be 15827 and 15847
Resistance: 15650 / 15700 / 15750
Support: 15600 / 15550 / 15500
Coffee Re-accumulation! Hello my beauties.
The chart of coffee suggests a violent bullish breakout of a multi-year downward trendline. The price will probably continue its uptrend, but it is now signalling the beginning of a phase of re-accumulation; the price has reacted strongly with a sudden move to the downside that has stunned the price sideways. I will wait for further development to make sure the schematics play out as expected. I will wait for the price to breach the range in red to the downside, only to quickly recover within the range itself; the successful retest of the bottom of the range would be my buy signal before the uptrend continuation.
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Luca, TrickleDownFX
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15602 (stop at 15557)
Bespoke resistance is located at 15600.
A break of yesterdays high would confirm bullish momentum.
There is no indication that the rally is coming to an end.
Prices have reacted from 15015.
Our profit targets will be 15729 and 15749
Resistance: 15600 / 15650 / 15700
Support: 15550 / 15500 / 15450
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15404 (stop at 15359)
Expect trading to remain mixed and volatile.
The current move higher is expected to continue.
A break of yesterdays high would confirm bullish momentum.
50 4hour EMA is at 15530.
Our profit targets will be 15535 and 15555
Resistance: 15400 / 15450 / 15500
Support: 15350 / 15300 / 15250
WTI Crude oil, the price reacted exactly in the expected area!Hello my beauties,
In my previous analysis I said I expected a move to the downside in the area in red (link below this text, check it out).
The price of oil is now completing a bearish megaphone (ascending broadening wedge) pattern.
Check out my analysis for more trading ideas!
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Peace.
Luca, TrickleDownFX
BTCUSDTThis is how I would trade this BTC breakout! Analysis is based on Wyckoff method and price action. Wait for a back action (same as what price action people call Pullback :) ) and enter the long position! We can easily see 50k!
Note that an important daily supply zone has been engulfed and that is a confirmation of bullish move upward!