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Wyckoffaccumulation

EURUSD Accumulation According to Wyckoff Theory - In Phase CI've been studying Wyckoff's Smart Money Theory for a while. And after staring at the EURUSD chart it almost looks picture perfect to a Wyckoff accumulation chart. If there are any other Wyckoff students out there, please let me know what you think. I just made a play on the operator candle (The long play box is in the chart) )as this should go long right now according to his theory and just now having the second "Spring" on the chart. Would like to see if anyone else has a Wyckoff chart draw up for EURUSD? We've hit the Buyers climax, had the Automatic Reaction, the Up Thrust, two tests on the support line. Then the Up Thrust After Distribution (That's the signal that you're in phase C), then the Springs. Now we just need the jump across the creek. What does anyone else thinl? Thanks
Long
by BodiesXWix
Wyvkoff - Basic Scheme of AccumulationNearly 100 years ago, Richard D Wyckoff born in the 19th century was a famous stock trader and investor. Wyckoff developed and carved out a revolutionary and ground breaking methodology which interlinked the institutional activities and large organisations to price movement within the chart. Wyckoff’s method and edge is based on logical reading of price action and volume. The Wyckoff method provides traders and investors with the tools, knowledge and ability to exploit markets movements consistently, whilst minimising risk exposure and aiding capital preservation, across multi-asset classes. The Wyckoff methodology provides the opportunity to select high probability trading opportunities with a solid reward/risk The detailed image / graphic is a typical 'basic scheme of accumulation focusing on the Phases and different key metrics / elements that make up all of the moving parts. PS = Preliminary Supply SC - Sellers Climax AR =Automatic Reaction ST = Secondary Test UA = Upthrust Action ST as SOW = Secondary Test as Sign Of Weakness / Sample of Weakness in test function SP = Spring Test = Test Spring LPS = Last point of Support BU = Back Up BUEC = Back up to the Edge of the Creek SOS = Sign of Strength Best Regards Phantom
Education
by Phantom_Trading
0x- Dex tokens go up with DeFi goldrush! Long it in the buy zone unless the breakout fails and the price falls below the invalidation lvl. 0x (ZRX) & kyber network (KNC) are two of the older DEX tokens (Decentralized exchanges) and they are both on Coinbase. Whereas, Balancer (BAL), airswap (AST) and other DEX token s are not. ZRX is still under $1 and unlike KNC which has gone up 10x already, it has "only" gone up 2x this year. Furthermore, its spot trading volume is consistently ranked among top 10 DEX (Uniswap doesn't have the native governance token) and its token, in terms of trading volume, is consistently ranked in the top 5 DEX tokens. The only thing to watch out for is its market cap... Yes, in crypto, 300 million market cap means large cap and speculators had the penchant for driving up the price of low market cap tokens between 50 to 100 million back in 2017. I expect the Defi gold rush and liquidity farming to continue carry DEX, lending and oracle tokens at least in the near future.
Long
by Libratus
1
USDCAD Wyckoff Accumulation Hello Traders! in my Previous USDCAD post i gave sell from 1.3530 and Target was 1.3230 and It Hit the exact figure of my target. This was the same strategy that i used in EURUSD and AUDUSD trades in last month which gave us huge pips with perfect entries(I have added the carts below). After hitting the target i waited for triangle pattern to trade upmove now you can see it has formed triangle pattern and now i hope it will reach the AR level perfectly. Don't forget to hit the like and Button and follow to stay connected Trade to ST in Phase B level EURUSD AUDUSD
Long
by Aadil1000x
2
Wyckoff Accumulation Event - Phase E (Textbook Trading Patters)"Phase E: In Phase E, the stock leaves the Trading Range, 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 Trading Ranges comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These Trading Ranges are sometimes called “stepping stones” on the way to even higher price targets." Feedback below is welcome. Lets have a chat.
Long
by wesmantx05
1
Ziliqa In Wyckoff Re-Accumulation Phase DWyckoff Method is useful for understanding the big picture of market cycles. The simple version has been popularised in the crypto community showing the downwards trend market leading to despair and capitulation... then rising to the highs of a blow-off market cycle top. Some analysts believe the next cycle high will occur end of 2021. As market conditions change, our trading style should change to accommodate. But what most crypto analysts miss are the smaller Wyckoff accumulation/distribution phases that are constantly happening across all markets. In this ZILUSD chart we can see a general outline for the 5 phases of Wyckoff analysis. Ultimately the pattern is only fully confirmed at its conclusion, just when a new upswing begins (Phase E), and we attempt to identify where phases C and D begin and end as the price movement progresses. The goal is to not get mixed up with manual trades during phases B, C or D as that's where a lot of traders seems to erode their account by selling bottoms and re-buying highs. The best risk/reward opportunity is in phase E before the next mark-up phase. So far with ZILUSD it appears we have now concluded a phase C with the secondary test, and began phase D which should show a step-by-step price increase to retest resistance. We'll cover more on Wyckoff Method as part of our educational series on technical analysis with a special focus on strategies useful for Algo-assissted trading. - Note: This is general insight into trading psychology. It is not financial advice. We provide analysis and tools to help traders make their own trading decisions.
BINANCE:ZILUSDLong
by Sparkster
2
HSS - beneficiary of RTS project?Hi, According to recent news, The JB-Singapore Rapid Transit project is expected to resume. I'm not really good in analysing news, but one of the companies that I read that may benefit from this project is HSS. Looking at the chart of HSS, there is an appearance of a Wyckoff accumulation phase. (Or is it a re-accumulation?) We have bar 1 which could be a selling climax ( large down bar with close at the low with ultra high volume) Then bar 2 was another lower low with slightly above average volume, but price started to oscillate in a trading range after this low. Bar 3 is a wide spread up bar with higher than average volume )(not excessive volume), and this could be the "Sign of Strength" bar. According to Wyckoff rule, we wait for Sign of strength to appeared, followed by a Last Point of Support (LPS) for a good entry. If bar 3 was indeed the SOS, then bar 4 would be its LPS. Bar 4 was interesting in 2 ways : 1) its a down bar with light volume (lesser volume than 2 previous bar) which may indicate a No Supply bar, and 2) the low of bar 4 was a "Spring" setup of the previous two bars, where it broke below the low of the previous 2 bars then closed it back above it. Trade at your own risk, comments are welcomed.
HLong
by Forever_Learner
ETH/USDT: Weekly Wyckoff Accumulation Perspective 1W (Jul. 27)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore Ethereum's weekly chart, and its potential upside through the Wyckoff accumulation model. Analysis - In essence, the weekly chart shows a double bottom formation, which can be dissected through the Wyckoff accumulation model. Wyckoff Accumulation Schematic Explained - PS (preliminary support): This is where substantial buying begins to provide pronounced support after a prolonged down-move. - SC (selling climax) : This is the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - AR (automatic rally): This occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. - ST (secondary test): This is the point in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC . - SOS (sign of strength): A price advance on increasing spread and relatively higher volume . - LPS (last point of support): The low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume . - BU (back-up): A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new trading range at a higher level. - Phase A: Phase A marks the stopping of the prior downtrend. - Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend. Institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup - Phase C: It is in Phase C that Ethereum's 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. - Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. - Phase E: In Phase E, Ethereum leaves the trading range, and demand is in full control with the markup obvious to everyone What We Believe We believe that on the long term weekly chart, Ethereum is bound for further upside, as it has just finished providing confirmation for a prolonged double bottom pattern. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
1