Wychoff
Burford: Building a Cause the Wyckoffian Way
Burford consolidation half-way through according to the Wyckoff Re-Accumulation Framework
More large institutions entering the position (fundamentally)
A lot of supply removed from the market recently
Earnings coming up in March which can be the catalyst for jumping the creek and further accumlulation
NIO STOCK WYCHOFF RE-ACCUMULATIONI see a potential re-accumulation phase with NIO stock. The earnings release is on March 1st and is looking to be a postive one so this could be a great catalyst for the stock and fuel a push higher as projected on the chart.
I see $45 as our absolute low where we must bounce. If we can accumulate at this price the stock will be in a great position.
XAUUSD gold possible direction althrough 19th to 23rd of January 2021, there is a redistribution currently forming on,
given the negative correlation of dxy to gold, we have a bullish rally and accumulation of orders on dxy on the h4 time frame, and a confirmed redistribution on xauusd h4 timeframe, a break in bearish structure in dxy is expected to occur at 91.010 then dxy would be in bullish terrain, we have fundamentals of dxy on the rise posing a strong dollar against gold, at least up to 27th of January when the fed rates would be released up till then we would be having a strong US dollar
we can look for sell opportunities in gold when it gets to premium levels, in other to have a low risk and a high reward, i would recommend selling using conservative entries as oppose to setting pending orders nor setting executions base on price approaching the zone, wait for break in structure on the smaller timeframe in direction of the bearish contiunation.