Wyckoffaccumulation
$AMC Algorythmic Scale In & Scale Out - Target $145 Feb 1, '22The pennant setup for the current session is identical in shape to the previous session where $AMC pumped from $20 to $77.
Additionally, the Fib-Trend lines up the price action very well.
Lastly, we have seen thousands of call options open on $AMC for the $145 strike in January 2022.
They are doing price discovery, we can see the most of the buying between $28-$45 with the majority throughout the Wyckoff Accumulation phase I posted about on 07/29, see link below.
From the beginning of this, I told everyone I knew to buy $AMC, they would ask "what do you think it's actually worth?" and I always thought that it was worth $30. Obviously things can change, with AA leadership I hope we see some new innovation on to of just doing what $AMC does best, but that is more of a fundamental discussion for later on. We could also see an economic collapse or margin call change how any of this plays out.
Gold reach to 181x today? Gold analysis with Wyckoff methodAnalysis and trading of gold according to the Wyckoff method
Today, gold ( XAUUSD ) broke out of the Trade range, Sign of Strength (SOS).
Gold did not return to 1785 - where I was waiting in the previous post, but the price confirmed the accumulation structure according to Wyckoff.
The price could rally to approach 181x today.
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Attention:
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
What method are you trading gold, forex? Please comment below
Outcome of Previously Published Wyckoff Accumulation Pattern ENSThe yellow sections are composed of the price prediction I made on Nov, 16, 2021. I saw the beginning of a Wyckoff Accumulation pattern forming and traced out how I thought it would play out over the following week or so.
It would appear that the Wyckoff pattern prediction was a solid prediction, I however was 66% too fast in my prediction timeline.
Is gold accumulating? Gold analysis by Wyckoff methodGold analysis by Wyckoff method
IDEA 1: Gold ( XAUUSD ) is accumulating in the 15-minute timeframe.
Yesterday, gold has shake-out out of the Trade Range and then back again.
This is the way market maker sweep Stop-loss of retail traders.
I was entered a buy order at the Test position of ST (1780).
After creating the mSOS , the price also had a successful Test span at 1782.5.
Currently, gold is preparing to retest the upper Trade Range to confirm the Accumulation structure according to Wyckoff.
Observe the price reaction at 1785 and wait for the structure to confirm buy here.
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ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need a judgment and a trading plan to manage risks when trading Forex.
BTC Looking Bullish BINANCE:BTCUSDT is looking like it will go for a run to around $61,000 which coincides with the VWAPm and key area of trading activity.
Key Observations
Not visible on this chart, I have been looking at the orderflow and the $56000 area has a significant amount of buy limit orders absorbing the supply coming into the market. It looks as if supply is exhausted at this point.
On the daily chart this area lines up with the 0.38 retrace. This is a logical place to have large buy limit orders and can expect some reaction upwards.
The market has been in a balance state with the VPOC of the local range and VWAPw coming together. A close above these two indicates at the very minimal a visit $58000. From there we look for a confirmation of an imbalance to demand further pushing price upwards to the target of $61,000.
We have formed a smaller re-accumulation in the lower part near the overall spring.
I'm favouring a break to the upside but waiting on confirmation that demand is back in control. If we bounce of the VPOC/close comfortably above the VWAPw I will enter longs. On the flipside, I would only say this structure will be lost with a meaningful move through the $56000. if that happens, time to re-assess the price action again.
VWAPw = VWAP weekly
VWAPm = VWAP monthly
ZSL Buying PotentialFor some while now, we've seen ZSL making it way down, but for the past 460 days, institutions have been accumulating their orders and looking to take the asset up.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulating, institutions gave us a nice shakeout/spring which also produced huge volume, before the rally that produced our SOS(sign of strength)
In this setup, we have volume aligning with our accumulation schematic, which makes it a good justification to enter long into the asset.
Furthermore, according to Richard Wyckoff; the number of hours/days/weeks it took for an asset to accumulate will most times determine it's explosive moves.
I hope this helps someone.
AMC Nested AccumulationOkay, this is the third chart to go with this series.
Here we have a short term accumulation within the bigger reaccumulation (AMC -- Reaccumulation After Decline, linked below).
I think -- and again, I'm not here to be predictive, I simply see these as signposts on a trail in a bigger cycle that's repeating -- we will cross the creek in the coming day or three. Once that happens, I expect we'd move toward the descending highs trend line to make our final touch (the Yellow Circle in AMC Cycle Theory Timing -- UPDATED, linked below). This move playing out as described here would conform for me we are where I believe we are in the cycle. Of course, cycle timing is impossible to nail down because the algo driving that thing isn't just looking at price over time... it's a far more complicated formula with more variables than we can imagine.
In the near term, I'm looking for us to retrace toward the top yellow zone (formerly resistance) and find support. From there, we should take another stab at crossing the creek. Once across, I want to see a strong move toward the $48 level.
There, we find ourselves at a critical decision point. Are we repeating the move from mid-May (which I sense as the common assumption) or are we, as I suspect, closer to the end of April?
Only time will tell.
ENS Wyckoff Accumulation Prediction UPDATE: Shifted to the RightUpdate: Shifted the prediction pattern over to the right to fit over the current dip in price. Done in order to gauge the accuracy of the movements.
Breakout Play on GBPJPYThe price action is currently attempting a breakout above the Re-Accumulation range, in what could result in a new Markup. Traders can look for an opportunity to go long
just above the range's upper boundary (at 153.600). They can place a stop-loss just below the 300-day MA (in purple), currently at 153.360.
The first target is the 38.2 per cent Fibonacci retracement level at 154.658, which is about to converge with the 200-day MA (in orange) and the 100-day MA (in blue). If it manages to penetrate above this threshold, the price action would then likely head towards the 23.6 per cent Fibonacci at 156.021. This is where bulls can collect their profits.
Ethereum Name Service (ENS) Wykoff Accumulation Price PredictionA price prediction for the ENS token using a Wykoff Accumulation pattern on the 2-hour chart for ENS/BUSD on Binance.
The initial spike in price on Binance has been omitted from this prediction as it was mainly due to the listing of the token on Binance and the spike in liquidity that came with it to the platform.
Looks like ENS is currently headed into Phase C of the accumulation pattern. Will be interesting to see how this prediction manages to fall short of what will really happen with the price.
Currently, if this prediction plays out in any fashion, the price chart looks like it is preparing to print out a nice "W-Pattern" in the coming days.
Prog 4h looks like Wyckoff accumulation *long-term-bullish*not financial advise.
Beside the insane short-interest and the possibilty of a short squeeze:
The Stock affirmed all important support/resistance lines of a Wyckoff accumulation. If this theory holds, we may touch double digits Jan/Feb '22
Wyckoff Double Bottom Accumulation Accumulation: Wyckoff Phases
Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. 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. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above.
Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation.
In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base.
Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts 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. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C.
Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) 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 a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging.
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions.
Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.