Wyckoff
AUDNZD - Looks like a Long But on Daily ResistanceEvery chart has a story to say, this is the story of this one:
We have been up-trending until we hit a Resistance level coming from the Daily chart.
Some Sellers at the top with PRS signal
Pullback to Fib and buyers are there again
Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at very significant Level, so anything is possible. Patience and wait for the reaction!
Enjoy!
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XAU Intra-day Buy SetupAnnotations and markups on chart.
If price respects the low bear resistance and gets up to break M15 supply, we freaking buy! $$$$$$
Sell Setup is just a straight away sell. Heavy selling pressure present but we are at previous levels of month, week, and day. So, we'll see.
Good luck, traders!
EURNZD - Reading The Waves and Speed IndexEvery Chart has a story to tell this is the story of this one:
We have been down trending with Plutus Short signals
The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up
We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again.
We a have few pips left to reach 61.8 (get some profit out if you are already short) but we should be cautious because can find buyers and never reach the 61.8.
Enjoy!
Learn to Read and Trade any Market
BILI*4+AAL*3+SNAP*3+ATVI*2+JCI -All my Trades in one chartThis is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in mind we aren't even in Stage 1 of the profit run. Each line represents where Volume and Price meet in the middle on every timeframe. When they are tight together it means all time frames between vol and price see eye to eye which isnt the easiest task. But this move is the setup for when Institutional lets retail take price to a profit target. I will post an image without the lines. But its important to see the relationship between these two things and across all the time frames where pockets of retail traders are waiting for their signals to be triggered. You can see their interest in these lines...Price will find support once it breaks free of the ribbon. At that point it is in stage 1 of the profit run.
by iCantw84it
06.13.23
Is Nike's accumulation nearing an end? This idea is based on Wyckoff's method for calculating target objectives using the Point & Figure chart. The premise behind it is that NKE's shares are currently being accumulated prior to a break out that will go beyond all time highs.
All other information is on the chart.
PSNY break out above the Ribbon (Setting up for Mark Up phase)PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of the electric car stocks this one seems the healthiest financially and is actually delivering 100k of vehicles with goals to out do its self this year.
The indicator is the ESVO it shows where price and volume are in sync and when price breaks out above them its a sign that its hit accumulation and preparing for a mark up phase. The push back down into the ribbon is the last step before it takes off... This should bounce off the ribbon when it comes down and continue to make for new highs until it runs out of steam. This could be days , weeks , months, or even years..... depending on what time frame its doing it in and what part of the bigger move its in. Look at ENPH when it was $50.
by iCantw84it
05.02.23
US100 - Plutus said PRL and up we go!Classic trade for the SI traders. This is an Exit from Range trade with PRL signal on the exit of the Range!.
Not much to say!
Enjoy your Weekend!
Learn to Read and Trade any Market
AUDUSD - Wyckoff Spring On FibEvery chart has a story to day and this is the story of this one:
We are up-trending
We are retracing with a low SI
Hitting Fib area
After the Fib hit have a Wyckoff Spring signal from Plutus
The result : 34 pips from entry - move stop or get some profits out would be wise since we are in a resistance level.
Enjoy!
Learn to Read and Trade Any Market
ARBUSDT.P Trading IdeaHi everyone,
Current state looks like an 'Accumulation type #2', and I would expect the following move of the price upper from 0.5 of the wick.
We have lots of liquidity at the top, and sweeped enough liquidity from the bottom side. If switch to the 1W or 1D timeframe, we can see, that the last move has taken the key liquidity from the bottom side.