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.
Wyckoffaccumulation
ETH/USDT: Weekly Wyckoff Accumulation Perspective 1W (Jul. 27)X Force Global Analysis:
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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.
BAUTO - Minor wyckoff accumulation before marking up?Hi,
I think this hourly TF shows a nice VSA/Wyckoff accumulation pattern
We have a confluence of horizontal line A which was a previous resistant than has been broken to the upside, and the up trendline C which has been supporting price before (please zoom out the chart to clearly see the significant of these two lines)
Bar 1 and 2 both had high volume and their closes were away from the low of the bars. In VSA method, a down bar that closes away from the bar's low with high volume indicates buyers entering the market (stopping volume). These high volume bars are usually "tested" again to see any remaining supply, and in this case I believe bar 3 was the test. Bar 3 was a down bar with light volume.
If price manages to break above the downtrend line A, it might be ready to mark up higher.
Trade at your own risk, comments are welcomed.
Bitcoin in short-term accumulation💡 Previously shared the idea that Bitcoin is undergoing global re-accumulation according to Wyckoff method.
✅ Now a similar picture is observed on all time frames.
📈 Micro-range, in which the price has been consolidating for the last 9 days, has acquired an accumulation structure. The deviation from consolidation, having collected the sellers' liquidity, formed Spring and a beautiful Test.
🗣 Return to the channel after the Test gives a reason to believe that the Wyckoff structure is correct and the next goal will be 9250-9300 zone, where the price can form LPS for the next impulse to the upside out of the channel.
🧠 After forming the SOS, long positions can be considered for the medium-term.
USDCAD WYCKOFF'S AccumulationHello traders! Hope you are enjoying pips this month. First i need some support so HIT the like button, i will keep you update with great stuff.
After Huge drop USDCAD is now Forming Wyckoff's accumulation pattern. Currently it has formed head and shoulder pattern that is another confirmation for sell. This sell will break the SC area. It need a secondary test(ST) of SC area before any recovery.
Be careful in this trade because this is the Wyckoff's analysis method which performs very good in stock market but it does not have good accuracy in Currency Market.
Caution
This trade is not from my Monkey Fist strategy(The strategy that i use in my trades)
Previous analysis
My study on Ascending triangle as Phase C on Wyckoff with CFRecently, I was exposed to Wyckoff Events and Phases and discovered that the triangles I use is a Phase in Wyckoff Events
Therefore, they get more significance even to those who doubt this amazing pattern,
This specific ascending triangle is Phase c in the Accumulation Schematic of Wyckoff where bottoms r made.
Let's c how and if it works by the book?
DASH/USD, Long, Wyckoff AccumulationEverywhere I look, I see accumulation. It feels like the bulls are just getting warmed up... And Dash is no exception. Comment below, what do you think? Will Dash follow VET's path or fail and find a new low?
Don't forget to like and sub!
See how the Wyckoff Accumulation played out for VET:
Never Trust. Verify.
D.Y.O.R . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Wyckoff acccumulation on HBAR/BTCThis is an exercise on the Wyckoff accumulation. To be noted that price may retest the lower level of the range (at 382) before moving up.
To estimate the target, I used the counting Wyckoff method (not shown on the chart): .00000361 + (68 bars x 0.00000004 x 3) = .0000118
On the chart, I am showing a more conservative target at .00001 based on the Fibonacci extension of the range ( SC to AR).
I would note that the alts market in general looks in bullish mode against BTC and that the price of HBARBTC is above the EMA200, which would indicate a bullish trend .
Wyckoff Says USDJPY will DropThe Wyckoff Smart Money Schamtic has played out on the 4 hour time frame throughout last week. And in the C stage of the Schematic, it is once again playing out in the 1 hour time from. The Upthrust after distribution has now turned into the new Buyers Climax. And you now have more new tests of lows and highs within a range with a new Upthrust on the 1 hour time frame. Looks like we need a Show of Weakness and then a test on the UTAD, 1 test away from wicking a sponsor candle for a 200 pip loss. Give it a few hours and that bullish sponsor will show it's face. Enter on the entry of that candle for a sell and Watch it ride. Any Smart Money traders have any input as to what else I should be looking at in this schematic? Any input from a Smart Money trader would be greatly appreciated.
NOVA Wellness Re-accumulation or Distribution?Previous high volume indicate BUYING CLIMAX is finally achieved..
Automatic Rally and Secondary test barely close above previous high indicate buyers are exhausted to break higher.
This stock will be trade in sideways until they decide either to break higher or bring it lower..
In this condition, we suggest placing a buy position below 50% of the trading range with almost 20% profit within the range.