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Wyckoffmethod

GOLD WYCKOFF THEORYGold Price Forecast: XAU/USD hangs near multi-week low, bears flirt with $1,800 mark Gold struggled to preserve its modest intraday recovery gains from a near three-week low. Hawkish Fed expectations, elevated US bond yields, stronger USD contributed to cap gains. COVID-19 jitters could lend support to the safe-haven metal and help limit the downside. Gold gained some positive traction during the first half of the trading action on Tuesday, albeit struggled to capitalize on the move. The XAU/USD has now surrendered a major part of its intraday gains and was last seen trading just above the $1,800 mark, around the lowest level in nearly three weeks touched in the previous day. The recent US dollar rally got a strong boost on Monday after US President nominated Jerome Powell to serve as the Fed chairman for a second term. The fact that investors considered the other leading candidate, Lael Brainard, to be the more dovish of the two, the announcement reinforced bets for higher US interest rates. This, in turn, pushed the USD Index to a 16-month peak and prompted aggressive selling around the dollar-denominated gold.
OANDA:XAUUSDShort
by keepupwithki
2
Can we short USDJPY? Wyckoff analysis indepth, RR 12:1This post is analyzed according to the Wyckoff method and find the entry point according to the Quasimodo . structure USDJPY is most likely distributing at the 4h frame. There is a Quasimodo (QML abbreviated) structure after the price returns to the Trade Range. Wait to sell at LPSY when there is confirmation structure on small time frame ( LTF ). Reward - Risk Ratio, 12:1 The QML is the area from the left shoulder to the top of the Quasimodo setup. ------------------------------------------ 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 judgment and a trading plan to manage your risks when trading Forex.
Short
by UnknownUnicorn31399052
6
Long Term Outlook On Gold - Smart MoneyHere is a long term outlook on the price of gold based on smart money concepts. We have a Wyckoff distribution schematic forming on the 1hr charts (visible on 2hr and 4hr as well) where as you can see the upthrust after distribution has tapped into a demand zone, mitigating previous orders from smart money, and likely fulfilling some type of markup campaign. It is obvious that the equal lows around 1680 area hold a large amount of liquidity, and should be marked as the long term targets, perhaps even lower given the talk going on in our current economy. This should be used as a study guide for how and when to trade with smart money and Wyckoff schematics, and not used as financial advice. Here are a few more pictures that are hard to include all in the published frame: Liquidity & Demand Zones Labeling: DISCLAIMER THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
FOREXCOM:XAUUSDShort
by renegadeforex
6
EURUSD Could Consolidate Near the Recent DipThe economic calendar for next week looks relatively uneventful, which is likely to result in diminished trading activity. Under such conditions, the price action is likely to consolidate in a new Accumulation range, as postulated by the Wyckoff Cycle theory. Such a range is likely to span between the major support level at 1.12700, underpinned by the recent Hammer candlestick, and the 23.6 per cent Fibonacci retracement level at 1.13532. The waning bullish momentum, as underscored by the declining histogram of the MACD indicator, corroborates these expectations.
by Trendsharks
BTC Top Comparison(April 21 vs Nov 21)The question on my mind - is this some sort of double top formation that could lead to a decline in price? I am going try to answer the best I can with justification for why this is not, in my opinion, a double top and we are shaping up for push higher; at least to previous highs again and maybe a bit more(from there we analyze the price again). Justifications Structural: Looking at the two channels gives a picture of an upward trend in both cases. What is interesting is the is rounding we saw in the run up to the April top and a 3 push failure pattern that you see in distributional structures; signifying the exhaustion of demand. Placing a volume profile of both structures, it shows an increase in activity at the very highs of the April top with a high POC in the trend channel. We look at the current position we see that is the opposite. We have a lower POC and what we see is a HVN(contracts have been traded a this higher level) yet the swapping of hands so to speak, is reduced across the upper part of the trend channel favoring some acceptance by both buyers and sellers as this higher level. Time: A promising aspect of the November price action is the ability to hold price at the higher levels. This is what we want to see when we favor a re-accumulation and subsequent continuation of higher prices. By simple visual observation we can see how in April price supply easily caused an imbalance at the higher prices and price drop significantly; no demand could support the price. The current price action indicated some acceptance of the price at this level. Volume: Looking at the current dips from the tops we see volume on the supply side in April 21 was higher whereas this time we have a lower volume indicating some confidence that this is not a downward movement supported for continuation. The aggressiveness that was there before, looks to be less dramatic. In the short term, I think we need to test the 62000 range as that lines up with a HVN and the monthly VWAP. If we can get above this level and hold I think we could get a continuation at least to the 70K range. From there we would analyze again and check the price action. As noted on the chart, we could have another drop to the 0.5 retrace which looks to be a logical and would still support a continuation to the highs from the oversold condition.
Long
by DecpBTC
Do you play the Lottery? Maybe you should....LTRY Falling WedgeWith a Pop over the Falling Wedge Resistance on a 4hr this is looking extra Saucy with the Hammer Shaped Indecision Just hovering above the blood soaked candles below up.. Like beacon to all those who want or need money its just hovering like Superman as a sign of HOPE........or some crazed power hungry alien with lazer beams that come out of its eyes, ready to annihilate all mankind if his lover dies.......either way should be a good ride. There is about $3 DOllars of head room to reacht he top of this wedge. There is athe cahnce this comes down first thing to close the gap. But that just means cheaper shares for everyone. *high Fives* So you know what they say, you cant win if you dont play. by iCantw84it 11.15.2021
NASDAQ:LTRYLong
by iCantw84it
3
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.
Long
by Trendsharks
2
Wyckoff Re-Accumulation SchematicRemember that these are schematic patterns, meaning price action could have a similar trajectory, but it is important to learn about the characteristics of each phase and how to determine the differences in each one. Volume is a huge component of Wyckoff so see below for my favorite free resources to help learn more about Wyckoff: Wyckoff Re-Accumulation Schematic (Wyckoff Anatomy of a Trading) #BTCUSD Phase A: Shows Buying Climax stopping previous up move and more pronounced preliminary support and selling climax facilitating accumulation into stronger hands. Phase B: Inconclusive evidence but does show us evidence of rally on good spread and volume. Phase C: Shows final low on diminished volume compared to ST and holds support area above climax low. Move off of low shows pattern on expanding spread and volume. Phase D & F: Continues pattern of Demand in Control.
BITSTAMP:BTCUSDLong
by Crypt0_Ninja
5
$DOGE to face some Spring action before we can get uber bullish.NOT FINANCIAL ADVICE In the grand scheme of things, Dogecoin is exhibiting accumulation signals, evident by the heavy buying spree whenever price hits SC levels ($0.1527). I read this as whale-buying activity, where they'll have plenty of buy triggers at that level. As bullish as that may sound, we have not yet been given a sign of a Spring event, aka a revisit of SC levels and touching or breaking that. Heck, we have yet to even see any creek consolidation price action too. In fact, there is a good chance that we get to see a little pump as the rising tide from bitcoin's ATHs creates euphoric buying signals, but as the market cap of Dogecoin is now too large, the volume may not be enough for it to see a revisiting of its ATH anytime soon. Perhaps a retest of $0.35 is more likely than not. Perhaps.. More consolidation will be needed to coil price action up (like a spring!) for its next bull cycle run (2024-2025?). So if a dump towards SC levels is indeed a pre-requisite in the Wyckoff method, then $0.1527 will be a good spot to set some triggers. But why buy when the price is dumping? Because the smartest investor on earth advised 'Sell when others are greedy, and buy when others are fearful.' Happy Trading!
BINANCE:DOGEUSD
by googooboyy
3