Get started

Wyckoff

MICRON POSSIBLY RESUME ITS MARK UPBased on Big Picture, currently micron is on going Mark Up Phase i am interested in the recent price action (Black circle), which shows contraction Principle of contraction is one of the topic in which David described in-depth, in his phenomenal wyckoffian book (Trade About To Happen) Apart from that, i noticed the presence of SpringBoard (Blue Color) As such, i initiated position last week (24/5/24) Position as attached Thus i stick to my original thesis of Micron (Refer my previous post) Pure Wyckoff
NASDAQ:MULong
by drsyariz
ROSE Weekly Re-Accumulation / Macro EW ProjectionsROSE has a perfect looking daily re-accumulation going on here. I have a macro Wave 5 target all the way up at $0.53 and beyond. Ideal entries & targets are highlighted in yellow, however I already took an entry lower. We may not see those levels for entry again. This coin is currently trending on Twitter, and stayed strong during the big market dip. Once the market starts bouncing back, this will bounce back twice as hard. Ideal Entries $0.1106, $0.10500, $0.08745 Long Term Wave 5 Targets $0.24293, $0.27873, $0.356, $0.53344 (and beyond)
Long
by DigiLex_LLC
SUSHI - The Worst Is Yet to ComeLooking at this SUSHI/USDT weekly here and I believe the worst is yet to come, for this and some of the other alts as well. Sushi took out the SOS highs, and then fell right back below them. That's a textbook re-distribution, which tells me that we have to take out the lows, at the very least. On top of that, you have this measured move from the head and shoulders that lines up perfectly with the 1.618 down at $0.3777. This is another "low volume coin" on Binance, similar to WAVES, OMG, and XEM. I believe it could also see a similar breakdown. 30 Day Volume is under $5m, just like the 3 that were already de-listed. Even if Sushi doesn't get de-listed, it could still drop just as heavily in the coming days. If you are holding or trading Sushi, be careful!
by DigiLex_LLC
2
UPl | Wyckoff Events & Phases Explained Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases👈 Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move. - Volume increases and price spread widens, signaling that the down-move may be approaching its end. 2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - Often price will close well off the low in an SC, reflecting the buying by these large interests. 3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline. - A wave of buying easily pushes prices up. - The high of this rally will help define the upper boundary of an accumulation. 4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand. - If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC. - It is common to have multiple STs after an SC. 5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume. 6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS. 7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume. All the phases of accumulation stage- Phase A: Phase A marks the stopping of the prior downtrend. -- Up to this point, supply has been dominant. -- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC). -- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. -- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. -- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Phase B: -- Phase B serves the function of “building a cause” for a new uptrend -- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. --There are usually multiple STs during Phase B' -- Institutional buying and selling impart the characteristic up-and-down price action of the trading range. --Early on in Phase B, the price swings tend to be wide and accompanied by high volume. Phase C: -- It is in Phase C that the stock price goes through a final test of the remaining supply. -- this marks the beginning of a new uptrend, trapping the late sellers (bears). -- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. -- The appearance of an SOS shortly after a spring or shakeout validates the analysis. Phase D: --During Phase D, the price will move at least to the top --LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: --large operators can occur at any point in Phase E. --These are sometimes called “stepping stones” on the way to even higher price targets. -------------------------------------------------- Regards, Revive Traders ------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:UPLEducation
by ReviveTraders
CRO Macro Accumulation / Comprehensive AnalysisCRO just put in a bottom here, and I'm going to give you a full breakdown. First, we have a macro Accumulation finishing up the last stages right before the markup. These have been playing out with huge pumps on many of the other altcoins, and this time we caught it very close to the bottom. Next up, we have our Elliott Waves. CRO just finished retracing Wave 4 onto the top of Wave 1, which is perfect according to the EW rules. We should be seeing a Wave 5 up to $0.42662, which also coincides with a major monthly supply. Finally, we have our ideal entries and take profit levels. I put in a market order since I believe we are already bottomed out, however if the price comes down any lower, here are my additional entries: $0.1018, $0.09645, $0.8414, $0.07495 Our partial take profit levels on the way up: $0.2317, $0.2637, $0.30, $0.3716 Follow us for more trade setups this altcoin season and make sure to come back and let us know how much you made on this setup! -Pat DigiLex, LLC President & CEO
Long
by DigiLex_LLC
BTC Distribution ScenarioI'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend. Several elements support this structure are worth noting: - The distribution phase is occurring just above the previous all-time high (ATH). - This potential top is showing a monthly bearish divergence vs 2021 ATH. While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25% The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be GETTEX:59K range mid-April) before a move to the Upthrust (UT). Best, Hard Forky
by hardforky
2
Alpha in Wyckoff accumulation patternLooking at the 4h chart, it can be clearly seen that it is in an accumulation phase. We are currently after the 2nd ST and will test the UA zone at 0.1276. To do this, we need to look at the chart more closely. On the 1h chart, we can see that after the 2nd ST, which went all the way below the grey support, a micro Wyckoff accumulation is also happening, which is supposed to create a stronger buying pressure. If the price successfully breaks above UA(2) and retest it, then we go to the aforementioned 4h UA zone. If it fails then we presumably test the grey support again.
Long
by puttoAZ
1
USDRUB.P Long Aggressive DayTradeMonthly context "+ long impulse + SOS level + support - above 1/2 correction + volumed 2Sp + weak test" Daily context: "- short impulse + volumed T1 + support level + volumed manipulation" Hourly context "- short impulse + biggest volume T1 level + support level + volumed 2Sp" 5M set up - short impulse + volumed T1 level + support level + biggest volume Sp + weak test + first bullish bar closed entry Calculated affordable virtual stop loss 1 to 2 take profit
RUS:SI1!Long
by MishaSuvorov
2
Is Bitcoin on a Distribution or Accumulation range?I made this analysis of Accumulation and Distribution ranges on Bitcoin. On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines. Or it can make a spring bellow the range and push up to a new level above new all time highs. The question is: We are now in a Distribution or Accumulation Range? What are your opinions?
COINBASE:BTCUSD
by torricelly
1
[BTC/USDT] Bitcoin potential accumulationsince April 13th the market has witnessed a sideways movement meaning an equilibrium between supply and demand until May 20th ended with a breakout of the resistance that qualify this range of being an accumulation, the breakout happened in the same way that wyckoff litterature describes it high volume, wide spreads, firm closes the next step is the final confirmation that i'm waiting for is a retest of the previous resistance then an explosive move to the up side
Long
by UnknownUnicorn22856800
3
Wyckoff Reaccumulation PatterThe current patter which started development since the end of January, is almost complete. If it is true, BTC will pump probably to ATH within days. On the chart you can see a blue path, there is still possibility of a shake-off strategy aimed to scare people. Of course, DYOR ! A probability of invalidation of this idea is marked on chart by a stop loss placement. This is not financial advice, you do your own research and you take all your own responsibility for any loses.
Long
by thor08
1