MAX HEALTHCARE - Preparing for a MOVE - Bar by Bar AnalysisBar by Bar Analysis - Learning VSA
Bar A - Here there is a definite attempt to move towards the price rejection zone after a small consolidation. We have a widespread up bar closing at the top. This closing was near the boundary of the rejection zone.
Bar B - we can see it was a clear attempt to “Jump across the supply”. But it met with supply and it was pushed back into the price rejection zone. The volume remained high which means there has been good amount of supply here.
Bar C - Again there is an attempt to move up on above average volume but lower than the two previous days.
Bar D - You can see that there was no effort to push up the price rather it was more of an attempt to absorb whatever supply that could be there. But the supply also did not step in here. Again, the prices pushed back into the price rejection zone.
In the next bar you can see that it is almost like a doji with a long wick indicating supply still there but the volume is still below average. It was not real attempt to push the prices up here rather it was the supply being absorbed.
Bar E - In the Bar you can see we had a widespread up bar closing up on the top but the volume remained quite low here. The supply did not step in and the buyers were able to push up the price without much resistance.
Bar F – The bar opened above the previous high and moved up. But supply overwhelmed and we had clear up thrust bar trapping many Breakout traders.
Bar G – The next two bar are down bars on very low volume. The supply was very low. Clearly the smart money is absorbing the selling from the trapped BO traders.
The current down move with low volume and Upthrust Trap move would indicate that the Smart Money could soon make a strong attempt to move up the price. The relative Strength has been positive. Money flow has been positive as well. Then we will see the real BO and the price move much higher. A good close 910 will be significant now. A stock to watch
Upthrust
EURCHF, Gartley222, 78% retracement, bounce from Weekly 20EMAShort opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level.
This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there.
The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better stage out at some point and put the stop to breakeven. These targets are not easy to reach and are not high hit-rate aims, but are ones that can easily make half of your trading gains.
AUDUSD - channeling opportunity both for Long and ShortAUDUSD is in a very visible trading range. In such conditions, Stochastics can be of great help.
In this case, just wait for the price to enter one of these zones. It would be best if the Stochastics is in the overbought or oversold zone, but the price will be enough.
One option for entering is to wait for a trigger bar and then pay with a wider stop loss. A bit more aggressive and I think better in this situation would be to just buy the level.
Wait for the price to enter the zones and just enter with 1 ATR stop or 2 if you want to be safer.
If you measure on the chart you'd see that the 1 ATR stop played out fairly well in most of the situations. There are no sure things here, Folks, but I often like to observe what worked well in the left part of the chart. Often the same zones work, in some charts the same entry bar repeats - the price is fractal.
Target can be the other zone, I'd personally scale out a bit around the middle.
For the longer-term oriented traders - why not scale out half at the opposite zone and leave a runner.
My target as usual would be the 161% extension of the recent pullback which will be the ~ 0.6470 level. (Go to the 4 Hour chart and you will see we are in a downtrend). From the Upper zone to there you have some 140 pips. Imagine entering with just a 1 ATR and your runner hitting the second target. Even on half position that is 70 points.
The ATR as we speak is around 10 so here we speak about some 1 to 7-8 RR trade overall.
These are the ones I hunt for. The probability for the runners is low, but with 1 to 7, you just take the odds.
Wyckoff Upthrust - EURAUDThat can be a valid entry for an Upthrust from an obvious support/resistance line. Previous high taken and price reverses. Some people call this a fake-out, you can see it as a double top in a downtrend. It's a matter of interpretation.
The longer target is the 1 to 1 AB = CD shown in the chart.
Higher timeframe confluence:
Daily is below 10 EMA although overall in an uptrend, but my bet is an ABCD correction down.
The Entry bar is a solid Engulfing bar on raising volume. We shall see.
EURUSD - Wyckoff Upthrust - Support/ResistanceLonger term direction:
4H chart is in a downtrend, with a visible Resistance level where we try to enter. Also, the daily chart has 10EMA below 20EMA.
Potential Wyckoff Upthrust with a good Outside bar for entry at the 2H chart that can give an excellent risk-to-reward trade.
Target1 is 1 to 1 move or the nearest low and Target 2 is the 161% Fibonacci extension.
If you close half at 1 to 1 and then leave a runner for the 161% Extension - you'd have 3.5 RR.
GBPAUD - Double Short Signal: Wyckoff Up + PRS The Story:
We are in a very messy range
We had a False Break
After the false break Plutus produces a Wyckoff Up-Trust Signal and a PRS (Plutus Reversal Short)
Then another false break
90 pips so far from the signal entry (approaching resistance levels now)
Enjoy!
Learn to Read and Trade any Market
AUDJPY - Wyckoff Up-ThrustEvery chart has a story and this is the recent story of this one.
The indicator did not produce a WU signal but if you know how to read your waves together with Speed Index this is a Wyckoff Up-Thrust.
The Story:
After the Longs from the exit form the range we have hit the Fib with more longs and this is where I mentioned to get profits out of some of them.
Then we have a Fib 61.8 overshoot with long signals but price went nowhere
Finally Speed Index alerts us that something is cooking. An Abnormal Speed index of 66.6 nothing like that on all the up moves= HTMU (Hard to Move Up)= Sellers and down we go!!!
Enjoy!
Learn to read and trade any market!
Ways to improve your chart reading Part 2 – Multiple timeframesThe bigger the timeframe is, the bigger the move it may produce. Therefore, it can be good practice to define the direction of the price and your trading based on where and how things develop on higher timeframes.
Another reason to use timeframes with bigger resolutions for the confirmation of your decisions is that a trade setup on one particular timeframe is isolated from a bigger move and may appear while that move is at the end of its correction. For example, it might be that a higher timeframe shows a lot of supply (selling) in the background while lower timeframes show the presence of demand (buying). Usually, in these situations an up move will not continue for a long time and may eventually reverse, locking the trader into a bad position.
The 1-hour chart in the picture shows the US dollar/Japanese Yen FOREX currency pair. (FXCM:USDJPY). Wide range bars appear at 15:00 on March 7th, at 15:00 on March 8th and at 02:00 on March 10th, UTC time. According to the VSA methodology, the volume on those bars and their closing prices indicate the presence of supply (weakness).
At the same time, the price goes up for some time after each of these three bars. As a result, many traders who are using the 1, 3 and 5-minute charts, where the trend is up, open long intraday positions. With serious weakness in the background as seen in the picture above - when the smart money is selling - the price will usually not go up far and turns down very quickly producing a significant move. This gives the trader the chance to make a nice profit on small timeframes. An example of this kind of opportunity might be seen when an up bar on the 1-minute chart gets closed with low volume at 14:22 on March 10.
As in our chart example where it has taken almost 3 days to provide a good setup to the short side, very often it may take time for the trade pre-conditions to develop on different timeframes. An ability to wait until a setup on a lower timeframe is aligned with the strength and weakness of the bigger moves is another good habit to develop. In many cases using a multi-timeframe environment, as well as being patient, helps a trader to avoid losses and improve their profit.
BTCUSDT Igniting the final bearish leg of this cycleThe price action is telling me that the next macro swing-downward, probably the last leg-down of this cyclical bear market is igniting. Now, after a retrace of the "thrust-false break" to the weekly supply in an greedy extensive wave v, the shape of this retracement triangle is indicating a reliable reversal point. On the other hand, the bears are slowly taking control and the price will not return to the "upthrust". The minute pattern points to demand, which is a expected retrace for the main triangle. I'm considering this peak as a head of a potential head & shoulders formation on macro.
GOLD/USD: Upthrusting into the PCZ of a Bearish ButterflyGold is showing some MACD Bearish Divergence at the PCZ of a Bearish Butterfly while at the same time the RSI seems to be thrusting it's way upwards, but the thrusts we get up in price are shortening as we trade into the Pattern Completion Zone of this Bearish Butterfly. If things go as expected, we will see Gold reverse big from here and likely undo the entire uptrend.
BTC DIAMOND PATTERN ON THE 4HBTC has recently rejected at the $25,000 level with a SPRING candle or UPTHRUST Range as shown on the charts.
This is a very good chart for playing level to level, multiple DEVIATION levels.
BTC also has a Diamond on the 4H TF.
We either hold $24,000 and target $28808 that was broken and never retested, or we dump and make a new LL with the Diamond Pattern.
The pattern is 50/50 on my Analysis.
Happy Trading.
Short Scalp StrategyThis is a lesson on how to find good short scalp opps after strong moves into a resistance area.
Wait for signs of weakness and look for some of the following things...
1. Upthrust through LTF resistance
2. Strong sell volume on rejection
3. Hz support break
4. Bearish Divergence
All of these were met on this trade (H1 TF showed bearish div).
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. Never use just 1 indicator for confirmation.
7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Price Action greater than Indicators/Fractals/MAs
10. Horizontals greater than Diagonals
Please Note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Half way through a distribution on S&P500?Hello my beauties.
I think S&P500 has entered a phase of distribution, volatility has increased strongly and the price seems to be reacting to a newly formed range.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
USDCHF DISTRIBUTION SCHEMATICS!Hello my beauties.
The pair seems like it'll be facing quite a bit of weakness in the next weeks/months, according to Wyckoff schematics.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
POSSIBLE USD/ZAR DISTRIBUTION!Hello my beauties.
I noticed that USD/ZAR will most probably go through a phase of short term strength before marking down, after these very long term distribution schematics are completed.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
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.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
EUR/JPY possible redistribution!Hello my beauties.
It seems to me that EUR/JPY is in a phase of redistribution.
The arrows indicate a rough idea of what I think the price action will provide us with, and they are not to be taken as an accurate forecast of what I think will happen.
Remember I'm not suggesting you should take a position, but verify the idea and monitor price in the indicated areas.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Copper Wyckoff distribution idea!Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a phase of distribution and I want to profit from it while it's rangebound.
I will be long until the price reaches above the Buying Climax (BC).
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Copper has just entered a Wyckoff Distribution!Hello all.
I think that Copper has just entered a phase of distribution, and I will be longing it for the formation of an Upthrust that will bring the price beyond the Buying Climax.
Like if you enjoy the idea, and consider following and supporting me.
Peace.
TrickleDown FX
Bitcoin Wyckoff Accumulation On The 15 min TimeframeHi all,
In line with the primary uptrend, a smaller 15min timeframe accumulation is in play as the continuation formation.
Price is moving in a narrow spread, but things can change as the levels are reached and reactions can go wild.
I'm expecting an upthrust towards 48.300 - 49.300 where i will initiate a swing short upon confirmation of rejection, followed by sharp decline towards 42.779
Advice To Haters:
Don't follow me, learn TA and take responsibility of your own trading decisions.
<TradeVSA> The GAME is OVER for Pasukhas ?Sign of Weakness in the chart:
1. Climatic Volume on Upbar
2. Huge Distribution with Up-Thrust and Sell-Off
3. Confirmation on Weakness in Hourly Chart
Case Study:
1. Asdion
2. Macpie
3. MMAG
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock