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Wyckoffdistribution

QQQ Update with ScenariosKey resistance levels: 319.91, 321.15, 322.32 Key Support: 306.28 Critical pivot dates upcoming: 5/3/2023, 5/12/2023 Near-term QQQ is bearish under 322, a break above that could see brief upside to 328 (would then need to retest 322 for support before continuing - Dashed Blue Path). Based on that as most bullish case near-term a long play here is not motivating compared to the bearish cases below, which are more likely. Solid Black Path: Most bearish case near-term - breakdown below 306.28 would confirm the current topping pattern and would likely see follow-through to 302.51 (initial target). After 302 we would see a test 314 and if rejected it would then send QQQ into 290s by end of May Dashed Pink Path (Most likely): Test 306.28 for support by Friday May 12th. It could bounce there off the support trendline off Dec and Mar lows. As I post this it is trying to breakdown the 319.91, which would spur a sell-off going into next week. We have seen distribution since early April as they have been exhausting demand.
NASDAQ:QQQShort
by JerryManders
Breakdown from Expanding TriangleFor MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28. From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May. However, my point target is 189 - if it holds there, probably a good place to take profits because it will need to test low 200s for rejection before continuing down to 170s. There has been distribution since Feb. going into the expanding triangle - very volatile here but very tradable.
NASDAQ:MDBShort
by JerryManders
1
Gold in its before-last phase of a 3 year accumulation.With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly unlikely however as the fundamentals driving gold bulls at the moment are very strong.
PEPPERSTONE:XAUUSDLong
by Vysera
3
Targeting 260s following reportMSFT is due for a backup/retest within a larger Accumulation structure; however, near-term there has been minor distribution which suggests this pullback could be deep enough to make some money on the puts side. Point target is 266, which will be a critical level: - if it bounces in the 266-270 range, it can continue higher to upper 290s (it would be pulled back down from there toward equilibrium point of 266 by mid-May) - if it falls below 266 then it will make explosive move to next target of 247, where it will likely bounce and move up toward 266 equilibrium point by mid-May - Lowest I can see it going is 233, where it will find support Momentum is to the downside near-term, after breaking below 281 (the breakdown level from recent minor distribution). As long as it stays below that going into the report today (4/25) then we will see the downside follow through to at least 260s. Expect price action to be something in between the solid red trajectory and the dashed black trajectory.
NASDAQ:MSFT
by JerryManders
3
Gold | Case StudyThe XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down from 4.9% to 2.7% in annual terms, which, coupled with the data on consumer inflation that came out the day before, could put significant pressure on the decision of the US Fed on next meeting in May. Investors are also discussing the minutes of the last meeting of the Fed, which were published on Wednesday, April 12, and reflected the officials' concern about the state of regional banks. In addition, the regulator allows the emergence of a recession during 2023, if external economic conditions do not begin to noticeably improve. The United States of America March US retail sales and industrial production data were released today and were mixed. Thus, the volume of retail sales decreased more than experts expected – by 1.0% instead of 0.4%, which is the second decrease in a row and illustrates the pressure on the national economy. The volume of industrial production in March rose by 0.4%, exceeding the forecast of 0.2%. We also note the latest comments of the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic. Today, he said that the beginning slowdown in consumer prices and the decline in producer price inflation prove the correctness of the decision of the US Fed. The official noted that another 25 basis points increase in the interest rate would be appropriate, after which the cycle of monetary tightening could be completed.
OANDA:XAUUSDShort
by DynamicCapital-FX
2
TSLA Break-Out & Fake-Out?Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ... Bulls need to see a big volume break-out tomorrow and regain $200 as support. *Call Wall Options may have prevented Tsla from advancing with a strong break-out $197 is strong resistance + weekly resistance line just above @ $198 $198.84 If Tsla does not open above $198 we may see a drop to test bull flag break-out & gap-fill. Close below $195 Tsla will consolidate until re-testing highs. *Bulls: Tsla is above 8 ema, 20 ma & 50 ma -Cup & Handle on Daily w/ Bullish Flag Break-Out.... Dips are being bought up *APRIL is STRONG Month for Growth & Tech Bears- Weakness compared to overall Bull Run in Tech & Markets - Selling volume has been larger on 1 hr, 4hr, daily. Markets are feeling pretty Frothy Possible Bearish Wedge Pattern...this could be wave a of c in Correction Pattern - lack of testing or either Strong Rejection at $200 could begin wave b. Bearish Divergence on MACD & RSI 1hr & likely forming on Daily if we see the move past $200.66 This could go Bullish or Bearish *Key Points of interest: Key Close above $198.84 / Ability to Test $200.66 & Rection off of that will give us a better Idea of where TSLA Plans to go for the next 3 weeks until next Earnings Current Bias: Neutral to Slightly Bearish
NASDAQ:TSLA
by Black_Sheep1
1
🔥 Bitcoin In Wyckoff Distribution: Is This The Top?Bitcoin has been trading sideways for the better part of two weeks now. Yesterday, there was a short-lived break out through the FOMC resistance, which got sadly sold off quickly. Since the break out was only minor & short-lived, there's a probability that we're currently trading in a Wyckoff distribution pattern, which could signal that this is area is the Bitcoin top for the foreseeable future. Check out the theoretical schematic below. If we'd follow this Wyckoff distribution pattern, that would indicate that there's still one more move up before the real sell-off. As long as the price does not break below the AR-support (purple) before breaking above the UT-resistance (yellow), this pattern is valid. Furthermore, the UTAD break out can't reach much higher than the UT top ($30k?) before being sold off. Consequently, the UTAD top would be in an area of heavy resistance from the last two years of trading, see yellow area below. Do you think we're in a Wyckoff distribution pattern? Are we breaking down? Share your thoughts below. Note: I'm still bullish on BTC, especially in the long-term. However, I think it's valuable to look at different perspectives of the market, even if it goes against my bias.
COINBASE:BTCUSDShort
by FieryTrading
9
Gold Bear Case - Wyckoff Distribution Pattern - Posting for funThis chart is for entertainment purposes only and setups up a possible bear scenario. I'm not an expert at distribution patterns but I thought it would be fun to see if this might fit the pattern. I don't think gold is excluded from the 'everything bubble' that the Fed is trying to pop. The Fed has been very clear that interest rates are going to go higher and stay higher for a long time. Gold does not yield interest payments and so people are going to put their money in things that do (e.g. treasury bills paying 4-5% for a low risk return). I would not be surprised to see a large correction in gold to prices below or at $1k. I'm neither bearish or bullish on gold. Enjoy.
FXOPEN:XAUUSD
by XYZ-Trader-
Shorting BTC/USD on 1h TF: Distribution Pattern Identified 🚀🚀After analyzing the BTC/USD 1-hour timeframe, I have identified a distribution pattern that suggests a potential reversal. Therefore, I plan to enter a short position with a sell limit order at 26989, a stop loss at 29066.48, and a take profit at 18982.39. The risk-reward ratio for this trade is very attractive, providing a good opportunity for profit. Chart: BTC/USD 1h Entry: Sell limit at 26989 Stop loss: 29066.48 Take profit: TP #1: 18982.39 TP #2: 15524.43 Remember to stay disciplined and follow your trading plan. Best of luck with your trade on BTC/USD!
Short
by boturki
Shorting GBPUSD on 15m TF: High Risk-Reward Ratio Trade SetupBased on my analysis, the GBPUSD has been forming a distribution pattern on the 15-minute timeframe, indicating a potential reversal. I believe that a short position at the sell limit level is appropriate, with a stop loss above the pattern's high and a take profit at the next support level . The risk-reward ratio for this trade is very attractive, providing a good opportunity for profit. Entry: Sell limit at 1.2223 Stop loss: 1.2319 Take profit: 1.1767 Risk/Reward ratio: 5:1 Good luck!!
Short
by boturki
TSLA G3 DUMP? Markets bounced strong today... but will Tsla join or be the one to take the hit so the other stocks can run? TSLA had a Rough Day I'll Keep this simple.. Here are my thoughts on Distribution Schematic: 114% Bull Run in 1 Month - Mainly Short-Squeeze Move We could see one more move up in a Wyckoff fashion - this will burn the $200 call options along with all the puts added in past 2 days, setting up a Bear Trap and generating more FOMO for Bull Trap 3 thus providing Liquidity for "Composite Man" to make the most $$$ -I also believe that a Markdown is needed for Institutional Buyers to get back into the stock @ lower pricing. Both Scenarios are viable, yet I'm leaning towards#1 .. but will be prepared to go with the trend. Long-Term Bull/ Short-Term Bear good Trading Today
NASDAQ:TSLAShort
by Black_Sheep1
2