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Wyckoff

GBP/USD Sells from 1.2700 back downThis week, I expect GBP/USD to continue its downtrend, following a clear change in character and a break of structure on the higher timeframe, signaling bearish momentum. My primary plan is to wait for a retest of the 2-hour supply zone, located above the Asia high. Once the Asia high is taken, I’ll look for confluences to execute potential sell trades. If the 2-hour supply zone fails to hold, I’ll shift my focus to the 10-hour supply zone, which represents a significant structural point. Should price distribute in this area, I’ll look for major sells to align with the prevailing bearish trend. Confluences for GBP/USD Sells: - Liquidity Below: There’s substantial liquidity to the downside waiting to be taken. - Bearish Momentum: The pair has been bearish over the past two weeks. - Break of Structure: Price has broken key levels to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) is aligning with this bearish setup. - Key Supply Zone: A well-defined supply zone caused the initial downside move. Note: As price approaches the 8-hour demand zone, I’ll also consider any long opportunities to take price up to the supply zone for a countertrend move, rather than waiting for bearish setups exclusively.
Short
by Hassan_fx
BTC 1h updateAt 9 AM on December 13, the market established a balance. I'm anticipating the price to approach the resistance level at 100,480. At this point, we might experience either a false breakout or a genuine breakout. If a reliable upthrust occurs, it could present a favorable entry opportunity on the 5-minute chart. It's important to note that a spring pattern formed at the support level at 9 AM. Additionally, selling volume has been slightly lower than buying volume, and the approach to resistance has shown moderate strength. Let's remain patient and observe how the situation unfolds.
Short
by MrXade
Understanding Wyckoff Reaccumulation: A Comprehensive Guide## Introduction to Wyckoff Theory Richard Wyckoff developed his methodology in the early 20th century, creating a systematic approach to market analysis that remains relevant today. His method is based on the principle that market movements are primarily driven by large institutional investors, whom he called "composite operators." ## The Concept of Reaccumulation Reaccumulation is a sideways price pattern that occurs during an ongoing uptrend. Unlike basic accumulation, which occurs at market bottoms, reaccumulation represents a pause in an existing upward trend where institutional investors reload their positions before continuing higher. ### Key Characteristics of Reaccumulation 1. **Prior Uptrend**: Reaccumulation always follows a significant price advance 2. **Trading Range**: Price enters a sideways consolidation period 3. **Volume Analysis**: Typically shows declining volume during the range 4. **Price Structure**: Forms a series of higher lows and lower highs within the range ## Phases of Reaccumulation ### Phase A - Preliminary Support (PS) - Marks the initial support level where the uptrend first pauses - Often accompanied by increased volume - Creates the trading range's support level ### Phase B - Secondary Test (ST) - Price tests the trading range's support - Usually shows decreasing volume - May form several tests of support with springs or upthrusts ### Phase C - Last Point of Support (LPS) - Final test of support before markup - Often shows diminishing volume - Can include a spring below support ### Phase D - Sign of Strength (SOS) - Strong price move up on increased volume - Breaks above local resistance levels - Confirms the reaccumulation structure ### Phase E - Last Point of Supply (LPSY) - Final pullback before sustained markup - Generally shows lower volume than SOS - Creates higher low compared to LPS ## Identifying Reaccumulation vs. Distribution Understanding whether a trading range is reaccumulation or distribution is crucial for traders. Key differences include: ### Reaccumulation Characteristics: - Forms after an uptrend - Shows stronger support than resistance - Springs more common than upthrusts - Volume increases on upward price moves ### Distribution Characteristics: - Forms after an uptrend - Shows stronger resistance than support - Upthrusts more common than springs - Volume increases on downward price moves ## Volume Analysis in Reaccumulation Volume plays a crucial role in confirming reaccumulation patterns: - Decreasing volume during consolidation - Higher volume on tests of support - Strongest volume on breakouts above resistance - Low volume on pullbacks after breakout ## Trading Reaccumulation Patterns ### Entry Strategies: 1. **Spring Entry**: Enter after a spring below support with volume confirmation 2. **SOS Entry**: Enter on the break above resistance with increasing volume 3. **LPSY Entry**: Enter on the last pullback before markup ### Stop Loss Placement: - Below the spring low - Below the last point of support - Below the trading range support ### Target Setting: - Measure the height of the trading range - Project this distance from the breakout point - Consider previous resistance levels ## Case Study Analysis Examining the provided chart, we can identify several key Wyckoff elements: - Initial trading range establishment after uptrend - Multiple tests of support with declining volume - Formation of higher lows within the range - Strong volume on breakout moves - Successful continuation of the uptrend ## Common Mistakes to Avoid 1. Misidentifying the larger trend context 2. Ignoring volume confirmation 3. Taking premature positions before pattern completion 4. Missing important support/resistance levels 5. Failing to consider market context ## Conclusion Wyckoff reaccumulation patterns provide valuable insights into institutional behavior during uptrends. By understanding these patterns, traders can better position themselves to profit from continuation moves while managing risk effectively. Remember that successful trading requires patience, practice, and proper integration of multiple technical analysis tools alongside Wyckoff methodology. Remember: All technical analysis methods, including Wyckoff theory, should be used as part of a comprehensive trading strategy that includes proper risk management and consideration of multiple timeframes and market contexts.
Education
by javaman1376
BTC 1h updateIt looks like the market's been moving sideways on the 1-hour chart. Yesterday, December 10, 2024, the price slowly climbed to the resistance level at 98,341 and then took a sharp dive. We were hoping for a more obvious fake-out at that resistance, but instead, the price just touched the level and dropped. After that steep fall, buyers pushed the price back up, but with less volume than during the drop. Given that the daily and weekly charts show resistance around 100,000, I'm expecting a clearer fake-out at the 1-hour resistance level, followed by a drop to the 1-hour support. Since the daily chart also shows a sideways movement, it's not too far-fetched to think the price might hit the daily support around 90,800. Let's wait and see how things play out.
Short
by MrXade
DOLLAR DROPPING?This week, I anticipate the DXY to retrace before continuing its recent bearish trend. Since reaching the weekly supply level, the price has consistently formed lower lows and lower highs. This bearish momentum aligns with the bullish trends seen in pairs like GBP/USD and EUR/USD, which I use as additional confluence. I’ll be watching for the price to retrace to around 106.400, a key area for potential sell opportunities on the dollar. This level aligns well with points of interest (POIs) in my other forex pairs, adding further confidence to this setup. Note: As we approach the final month of the quarter and year, market conditions may become less predictable due to lower volume. Stay alert, but manage expectations accordingly. Stay vigilant, and trade safe!
TVC:DXYShort
by Hassan_fx
Distribution phase in the next 10 monthsSo we broke 100k. I'm sure we'll see higher in the next 10 months. What's next? When is the correction? I see such messages every day. That's why I want to give a full commentary and my vision. As Waykoff told us, there are accumulation and distribution zones. On top is the distribution zone If we stick to the theory of cycles, which I often write about www.tradingview.com 
We are entering the zone of local distribution I mentioned and marked with red zones If we are interested in the question how we will form the top and where we will distribute?
 I would take into account the fact that we are already in the bitcoin distribution zone in this cycle and it will continue for another 10 months. So, sideways in the 50k range, I agree, but I don't think it will go below the previous high of 73k. Three distribution options: 1. ATH and then a gradual slide - the most standard top formation, with a run above 100k to induce euphoria 2. Two rising tops look better with liquidity removal of the first top, etc. 3. The killer of all the shorts, those waiting for the crisis, and so on. They're going to kill all the non-believers on the moon. And force everyone who believes in a million dollars for bitcoin to buy it. Conclusion - I expect a local distribution above 100k over the next 10 months, the possible top formation I have shown. I do not expect a sharp drop to 50k - bitcoin has become a different asset class. Everything can change a lot in 10 months, and based on my cycle theory, I am waiting for the bull cycle to end. In this range of 10 months, altcoins will once again fall and rise at the very end. They will fall 51 more weeks down after September 2025. I'm talking about local forecast in 1-2 years, further it will be even more interesting because globally after this cycle, all retail will say goodbye to their bitcoin and will not buy it back cheaper in 95% of cases. and Next we will count how much 1 sashoshi is worth. in 1 Bitcoin is 120,000 satoshis. When 1BTC reaches $120k. 1 sat = 1USD And due to the fact that the printing press is working 1 satoshi will grow in the long run. I hope for the best in our world. Stay close. You can find out about other communication opportunities down below the chart. Best regards EXCAVO
CRYPTO:BTCUSD
by EXCAVO
65
BTC 1h updateWe've initiated a short position on the 1-hour chart, setting our sell level at 99,134, which aligns with the base of the sell effort bar. Currently, trading volume has decreased, indicating a lack of strong interest from both buyers and sellers. I'm anticipating that the price will approach this sell zone with minimal buying activity, at which point I expect sellers to assert themselves. At that juncture, we can look for a reliable upthrust pattern on the 5-minute chart to identify a suitable short entry point. Let's observe how this scenario unfolds.
Short
by MrXade
BTC 1D updateOn Thursday, December 5, 2024, the market formed a substantial upthrust bar at the resistance level established on November 23. This upthrust bar exhibited significant volume, with a positive delta volume indicating that buying pressure slightly exceeded selling pressure. However, an upthrust bar, characterized by a wide range and high volume closing near the low, often signals potential price declines. Therefore, a downward movement toward 86,702 is possible. However, the price may attempt to retest the sell zone and the upthrust level, potentially trapping early sellers. Caution is advised in this scenario.
Short
by MrXade
BTC/USD: Ready to Break the Channel and Soar to 100K Bitcoin (BTC) has been trading within a well-defined descending channel for the past few weeks, showing signs of consolidation. However, several key indicators suggest that BTC is preparing for a breakout, potentially leading to a significant rally that could push the price toward the highly anticipated $100,000 level. Bitcoin is on the verge of a significant breakout. All signs point to the beginning of a new bullish cycle, with a realistic path toward $100,000. Traders should watch closely for a decisive move above the channel, as this could mark the start of the next major leg up in BTC's journey. Risk Management: As always, set appropriate stop losses and manage risk carefully. Volatility is inherent in crypto markets, and while the outlook is bullish, it’s essential to stay disciplined. DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
Long
by cyhym
GAMUDA GOING FOR MARK UPVery nice Re-Accmulation Pattern here I have been actively Accmulating the share since MId September 2024 : These are my list of Entry & Exit : 1st POE : 17/9/2024 (Black Arrow) 2nd POE : 9/10/2024 (Black Arrow) -EXIT : 21/10/2024 (Red Arrow) Re-Initiated PE : 1st : 22/10/2024 (Black Arrow, This time i went with Full Position) 2nd : 4/11/2024 (Blue Arrow, I went with Overweight Position) Purely Wyckoff Entry, i always aiming for, a condition in which i am in Assymetrical Leverage
MYX:GAMUDALong
by drsyariz
XAU/USD :: Wyckoff Distribution :: PHASE B is coming ...With December comes ... Phase B; at least I hope it does... everything looks that way. Classic Wyckoff Distribution... looks like a textbook example until now... let's hope it continues like that. In the Wyckoff Method, Phase B represents the range-bound period after accumulation (Phase A) and before the price breaks out. Here's how to identify signals confirming XAU/USD is in Phase B: Key Signals for Confirming Phase B: Price Consolidation: Expect the price to trade within a well-defined range, characterized by sideways movement with lower volatility. During this phase, both buyers and sellers test their positions. Volume Analysis: Volume behavior is critical. Look for higher volume on down moves and lower volume on up moves, suggesting selling pressure during corrections and weaker buying interest during rallies. This typically signals distribution or accumulation. Testing Support/Resistance Zones: XAU/USD will often test key support and resistance levels, creating higher lows or lower highs, signaling potential re-accumulation or re-distribution. Watch for failure to break these levels decisively. Range-bound Patterns: Watch for rectangular price ranges (consolidation) or broadening formations. A breakout above the top range suggests the transition to Phase C (mark-up), while failure to break down below suggests Phase A continuation. Wyckoff Climax: Near the end of Phase B, a final climax can occur, where volume spikes and a sharp reversal signal the market’s readiness to exit the range. but, please also consider: Market Sentiment: Understand overall market sentiment, as external factors like interest rates or geopolitical events can influence XAU/USD. Indicators: Utilize momentum indicators (e.g., RSI, MACD) to confirm overbought or oversold conditions in Phase B. Good Luck to all!
OANDA:XAUUSDShort
by VidaDeTraderPT
ZILUSDT - 2024 Accumulation complete.NOT FINANCIAL ADVICE One word: Mark up. Okay, so they were two words. Support at $0.022 tested successfully but we could still test this if no breakout takes place in the next few days. A markup towards primary resistance zone 1 is underway. Ideally, we see a breakout and a test of this zone as support, shortterm. With Zilliqa 2.0 approaching, and new proposals underway (raising of SSNs comm fees up to 8%), plenty of bullish fundamentals to hang onto.
BINANCE:ZILUSDLong
by googooboyy
Market: FCPOG2025 (PALATAU ANALYSIS)Scenario: Accumulation Trading Range Identified Methodology: Wyckoff Events and Indicators Analysis Analysis Breakdown The price appears to be forming an Accumulation Trading Range (ATR) on the 30-minute timeframe, highlighted by the blue box in the chart. However, current price movement suggests two possible scenarios: Scenario 1: Short-Term Decline Observation: Price may first drop into a smaller Local Trading Range (yellow box) before continuing its upward or downward move. Evidence: Upthrust (UT) event detected, indicating a false breakout above resistance. Indicators such as MACD, Stochastic, and RSI show bearish divergence, supporting the likelihood of a downward move. Trade Plan: Look for shorting opportunities within the smaller Local Trading Range. Stop Loss: Above 4769 to limit risks. Target Profit (TP): Around 4693, a strong support zone reinforced by a trendline. If price breaks below this, the next target would be 4626. Scenario 2: Larger ATR Wyckoff Events Observation: Monitor the blue box area for price action confirming larger Wyckoff events (e.g., Upthrust, Spring). Upside Movement: If the price rises towards 4787 (resistance) but fails to break higher, look for an Upthrust Event to short. Downside Movement: If the price moves downward, watch for reactions at 4693 and 4626 support levels. If these levels hold and price reverses, this could signal an opportunity for long positions. Key Levels to Watch Resistance: 4787. Support Zones: 4693 (primary), 4626 (secondary). Indicators MACD: Showing bearish crossover and divergence. Stochastic Oscillator: Overbought conditions hinting at a potential decline. RSI: Exhibiting divergence, adding to bearish sentiment. Risk Management & Final Notes Use smaller timeframes to refine entries and exits for tighter stop losses. Maintain a cautious margin and adapt to new Wyckoff events as they appear on larger timeframes. Disclaimer This analysis is based on Wyckoff methodology and technical indicators. It is for educational purposes only and does not guarantee success. Always perform your own research and manage risks responsibly.
MYX:FCPO1!
by baddrifhamzi
KGB CONTINUE MARK UPThis is a very big Re-Accumulation Pattern But seems like more towards An Atypical Type of Re-accumulation #2 Schematic, The Rising bottom Vol has been evaporating, which probably supply been succesfully absorbed (Red Arrow) What attract me the most, is that , despite Huge demand on 13/11/24 (blue arrow), there were not much selling pressure Current price action might be a sign of LPS, Thus breakout of LPS probably an indication of Continuation of SOS (Sign Of Strength) KGB might be one of the Leader in Tech Sector/Semiconductor-Related Thus, position initiated today \ Tight SL Pure Wyckoff
MYX:KGBLong
by drsyariz