Wyckoffmethod
RKT looking like its ready for lift off at this spot..T-minus 5 before this takes off, but does it have rocket boosters or just rocket thrust.....I have two paths here that could be possible.
I left the unique pattern it was making as keys to where the same moved happened in the past and carried their trendlines forward.
AIKI by request Key Code PTP 45 min chart will show price action best on the yellow... White in the Daily. Hope this helps.
by iCantw84it
06.03.2021
I made a key code of current price action,& this is what I foundSo amongst all the other weird things I see in the market everyday I would like to add this one. I found it amusing. What if you could make a key code of current price action to determine when to get in, by basing it off past price action that fit insdie the key code you just made? See as instituionals are trading a stock, 100s or even 1000s of algos are running simultaneously creating a unique pattern in the price action. It repeats itself over and over until one of the major ones leave the stock or change their algo. That said finding an easy way to find these moves and what happens next is the next step. if it repeats itself more than once....it stands the chance of repeating itself again.....
So there lies the basis of my whole trading strategy, cross hatch that with wycoff method and the Curve plus about 5 other weird things I have seen in the market that holds true still to this day and you have what i do on a daily basis.
is it right or wrong I personally don't care. As it works for me and I make a living off it. Will it work for you, idk.... I have acquired savant syndrome, what looks plain as day to me might look greek someone else. Idk.
That said I enjoy doing these so even if you can't see what I see, you will have a constant flow of these always to look at.
by iCantw84it
06.02.2021
pls like/ subscribe / share/ comment below / request a breakdown of a stock... as its the only way I can gauge if you want more of these or not.
BITCOIN 😲 Wyckoff Accumulation 👍 Still in ProgressFinally, Bitcoin flips the 1H 200 EMA to support. A few bullish volume spikes show clues that retail traders may be flipping bullish. Just need more volume now.
✅1) Need to flip that 1H - 200 EMA to Support
🟡2) Volume should start increasing as retail traders take positions.
🟥3) Price needs to get to the $23,000 Resistance Line
🟥4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... 🔥🚀
Gold - Wyckoff DistributionIdea for Gold (XAUUSD):
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
Crude Oil Headed Towards $70 p/bThe price of crude consolidated above $68.00 following yesterday's OPEC conference, which underpinned growing demand driven by robust global recovery.
The price is currently trading at its highest level in over a year (since before the coronavirus crash), which could cause volatile fluctuations nears this historic resistance.
Traders looking to join the rally need to utilise trend continuation strategies under the Wyckoff Cycle method.
I SPY a Drop coming very soon ...Just figured I would chart this to see what the market is going to be like for the next few weeks. Agree with it disagree with it ...it makes no difference this is just a means of helping you get on the right side of the fence. I dont play the SPY so I'm completely neutral on this.
by iCantw84it
06.01.2021
CCIV Lucid Motors Merger Looking for a place to get in?by iCantw84it
05.25.2021
SPAC Churchill Capital IV gains after Lucid Motors tweet about event tomorrow
May 25, 2021 12:06 PM ETChurchill Capital Corp IV (CCIV)Churchill Capital Corp IV (CCIV)By: Josh Fineman, SA News Editor3 Comments
SPAC Churchill Capital IV (NYSE:CCIV) rose 3.6% after a Lucid Motors tweet about a Lucid User Experience event tomorrow.
Electric car maker Lucid Motors is going public through a deal with SPAC Churchill Capital IV .
Earlier this month, Lucid Motors CEO won't commit to 20,000 electric cars in 2022.
See Seeking Alpha Catalyst Watch about CCIV event scheduled for tomorrow.
Textbook Range Play on the USDCAD The USDCAD has been behaving as per the expectations of the Wyckoff Cycle for quite a while now, which provides an insightful outlook on the likely behaviour of the price action in the near future.
Following the completion of the last Markdown, the pair went on to start establishing the current Accumulation range. Its existence is confirmed by the ADX indicator, which has been threading below the crucial 25-point benchmark since the 14th of May.
The development of a Hammer candle, which entails rising bullish pressure around the lower boundary of the Accumulation (at 1.20250), means that the price action has indeed bottomed out at the lower end of the Accumulation.
Hence, the price of the USDCAD is now ready to head towards the range's upper boundary at 1.21350. Before it can do so, however, the price would have to break out above the 50-day MA (in green) and the 100-day MA (in blue).
Johnson and Johnson Struggling Below a Historic Resistance The share price appears unable to break out above the historic resistance level at 170.00, which represents a very strong bearish signal.
Moreover, the price action has recently established a broad 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory, as well as having developed an Ascending Wedge. Both of these developments confirm the bearish expectations.
Finally, yesterday's trading session resulted in the creation of a Shooting Star candle, which could be a precursor to an imminent reversal.
Overall, there seems to be a very strong confluence of bearish indications at present.
The 23.6 and 38.2 per cent Fibonacci retracement levels represent the most likely targets for such a dropdown.
AUD/JPY BUY IDEAHey tradomaniacs,
still testing my new style but we with AUD/JPY I see a great potential to move up!
A bit concerning as always could be the upcomign RBA Statement - I think it is likely to see a more hawkish statement and that the RBA will talk about a tighter policy in the future.
Risky setup - But overall deliecious in terms of risk-reward!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
TELL me something......Why do all these lines converge up at $7.00?
Why does it dip down so far when its done going up? Seems a little extreme....
by iCantw84it by request
05.30.2021