WYCKOFFIAN LOGIC | WHERE ARE WE NOW? #2It's been a while since i published an update of the wyckoffian scheme.
If you followed my analyses, you know that on 11 december i published a chart about this wyckoffian scheme.
I made a the support and resistance like i saw them in the scheme. And 3 moves between these support and resistance .
And it played out exactly. In a bit longer timeframe then i expected, but it played out like textbook.
You can find the chart on my account.
But anyways, we live in 2022 now. And not much changed.
The wyckffian scheme says: we will go to the 46k . That was our previous support.
That will turn into a resistance. And then its high probable that we will see a big drop. ( SC )
So short term bullish till ~46k, and midterm bearish .
Very curious what will happen!!
Wyckoffian
MOMENT OF TRUTH | WYCKOFFIAN LOGICAs you can see, we are once again testing the resistance these days.
Exactly as the wyckoffian scheme shows us. But make no mistake.
51.5K means no breakout, and the model is now broken.
From 55k on multiple timeframes a confirmation I consider as invalidation level for this Wyckoffian scheme.
So the moment of truth.
Are we going to follow this schedule as we have been doing since May, or are we going to bounce up and move on to a new distribution phase.
I'm curious!
Let me know what you think about this!
Regardsss
Wyckoff on NASThere was so many Wyckoff Spring entries today (pink) along with unmitigated areas and liquidity created.
Yesterday was a good day also with Wyckoff.
EURUSD possible wycoff accumulationI am expecting continous bullish action next week and maybe market reversal at 1.19610.
The price is likely to spring on JULY 14 as we have high impact news.
The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
Change of Behavior on LOW CAP CRYPTO INDEXWYCKOFF STORY
1. Supply comes in but it is quickly absorbed. A trading range starts.
2. Shakeout and successful test. Phase C is completed.
3. Supply is still present on the top half of the range, but it’s quickly absorbed. The uptrend starts.
At point 4 supply comes in on the overbought line of the uptrend channel, a danger point. However, price holds and a test as a higher high on low volume indicate that buyers are accepting higher prices.
Price accelerate to the upside, climactic move. Change of Behavior.
TACTICS: The uptrend has ended, we are now consolidating. At point the highest supply signature since the beginning of the uptrend suggests that we will likely revisit the support.
Trading the Crypto Market with the Wyckoff Method course starts in July
www.wyckoffanalytics.com
OIL ANALYSIS & SETUP - Phase C completion suggests quick rallyPhase C Completion suggest a quick rally above $57
SETUP:
Pattern Confirmation: Rally into short term overbought at above $59
Pattern Failure: Close above $53.50
Trading Minimum Target: $51 count line + (25 boxes* 1 reversal * 0.5 box size)=$63.50
Campaign Minimum Target: $51.50 count line + (48 boxes * 1 Reversal * 0.5 box size)= $75.50
Happy Trading!