CAD WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 0.86 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals.
Technical analysis: CADCHF Waiting for the Range Bound and the beginning of the Ascension Trend.
Wyckoffmethod
Holo Accumulation Wyckoff ideaJust an idea.
I hope holo will go very soon but if it need to accumulate a bit longer its no problem.
it seems like it is at the very bottom because normally holo is one of the biggest bleeders in a down market but yesterday it showed some strength and today aswell.
According to this idea we maybe need to be a little more patient.
The pattern shows similarities with the Wyckoff chart.
$TGH Accumulation Stronger $SPYNYSE:TGH
$TGH - Accumulation on Weekly and Daily
waiting for Consolidation on the upper side of the chart
once supply Dries up
Breaking down Wyckoff into 5 steps called the CURVEBefore I knew what wyckoff was, I saw something in the market and studied it 12 hours a day for 8 months. Even made a rule set for it. It wasn't until 2 months ago I started looking to find the missing pieces of the puzzle. Thats when I found wyckoff. Wyckoff is the technical step by step version of what the curve is, except I can explain the curve in 5 steps vs 16-24 over 4 different variations and 4-8 different variations of that. It's a little too much for the avg person. The curve is purely visual and easy to understand. In this video I go over Facebooks price action and correlate that to both wyckoff and the curve.
If you would like to see more videos like this please like follow subscribe, and leave a comment below. This will help me guage if there is a need to learn more.
I have acquired savant syndrome , 1 of 33 people in the world, who have gained a talent after a traumatic brain injury. At first it was just art and painting. I never was great at drawing and I couldnt paint before the wreck. 11 staples later I was paint portraits near realism and spray painting 50ft by 50ft buildings, even though I had never held a spray can before that. I started looking at charts 9 months ago and have spent more than 12 hours a day since looking at them. The curve is my baby, I found wyckoff a few months ago. Together it gives me a vast understanding of whats happening in the market and where price should go. I combine this with some other things I have found in the market to plot trend lines that should envelope Price action and even predict the highs and lows as it moves.
I use these trendlines not to predict really but to give me a non emotional trigger to either get in or stay out of the market. If Price Action respects the trendlines, then this would be a stock I would play. My target is the highs and lows of the trendline. Simple enough. I have started with an extremely small amount of money and have made more that 5 x my money which is hard when you can't really play stocks that are known for moving because they cost more. Finding cheaper option plays that are going to pop with momentum is what I have used this with in order to build my account large enough to play stronger more stable option plays like HD GS etc...
Thanks again for watching,
iCantw84it
05.15.2021
FB Prediction and breaking down Wyckoff in 5 steps (the Curve)Before I knew what wyckoff was, I saw something in the market and studied it 12 hours a day for 8 months. Even made a rule set for it. It wasn't until 2 months ago I started looking to find the missing pieces of the puzzle. Thats when I found wyckoff. Wyckoff is the technical step by step version of what the curve is, except I can explain the curve in 5 steps vs 16-24 over 4 different variations and 4-8 different variations of that. It's a little too much for the avg person. The curve is purely visual and easy to understand. In this video I go over Facebooks price action and correlate that to both wyckoff and the curve.
If you would like to see more videos like this please like follow subscribe, and leave a comment below. This will help me guage if there is a need to learn more.
I have acquired savant syndrome , 1 of 33 people in the world, who have gained a talent after a traumatic brain injury. At first it was just art and painting. I never was great at drawing and I couldnt paint before the wreck. 11 staples later I was paint portraits near realism and spray painting 50ft by 50ft buildings, even though I had never held a spray can before that. I started looking at charts 9 months ago and have spent more than 12 hours a day since looking at them. The curve is my baby, I found wyckoff a few months ago. Together it gives me a vast understanding of whats happening in the market and where price should go. I combine this with some other things I have found in the market to plot trend lines that should envelope Price action and even predict the highs and lows as it moves.
I use these trendlines not to predict really but to give me a non emotional trigger to either get in or stay out of the market. If Price Action respects the trendlines, then this would be a stock I would play. My target is the highs and lows of the trendline. Simple enough. I have started with an extremely small amount of money and have made more that 5 x my money which is hard when you can't really play stocks that are known for moving because they cost more. Finding cheaper option plays that are going to pop with momentum is what I have used this with in order to build my account large enough to play stronger more stable option plays like HD GS etc...
Thanks again for watching,
iCantw84it
05.15.2021
Jump the Creek at 0.60We should wait for the 2nd Sign Of Strength. If it goes over 0.60 and its strength is in line with the expectations, we can probably have the opportunity to buy a bit more on JTC ≈ 0.60.
Don't forget : Past performance does not guarantee future performance, and this content does not constitute a recommendation. You use this trading strategy at your own risk. Thanks :)
BTC - Dip to $40,000? The distributional elements of BTC are evident
* Classic 3 wave push followed by significant weakness.
* Poor rally into LPSY with no continuation; unable to break previous resistance
* Current price action is showing a serious lack of any demand. Look at the first box compared to where we are now - no upwards push.
* Volume spikes throughout range with increased volatility.
A test to $52000 is possible but I think we are going to around $40000 and possibly lower.
Personally I started scaling out of my alt and BTC positions around $57000 and the inability of price to move upwards(LPSY). This was a real change than anything previously.
Will be interesting this coming weeks. Personally looking at Gold and SIlver at the moment for longs.
For anyone interested here is my Weekly Silver Chart with targets and ID of long term accumulation
Also, my gold chart and healthy break plus BUA
A possible bullish Scenario (Wyckoff Method)Considering that, with Doge, I need to feel bullish, I'm trying to check if different visions are aligned to my feeling.
The current one is based on Wyckoff Method. Ideally we are in an accumulation period at the end of the Phase A.
I tried to imagine how can be the evolution of the next phases.
Read More about Wyckoff Method : The Wyckoff Method: A Tutorial
GBPUSD - Looking At Wyckoff - longsDistribution: Wyckoff Phases - without UTAD.
Phase A to D completed perfectly. We now have Phase E. After the significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation. (Which is basically the completion of the Wyckoff Phase)
Now we have the break of the structure. We are likely to see a re-test between 0.236 - 0. (This will be the break and retest off SOW.)
After the retest I will aim to get buys on the pullback, targeting the .5 - .618 (golden zone) if price respects that level. - Indicators leading me to take positions will be MA / SMA crossovers, bullish divergence and price action forming higher lows - higher highs.
Risk is 1.5% - SL B/E when TP1 hits.
TP 1 / 0 / 30%
TP 2 / -.25 / 40%
TP 3 / -.618 / 30%
if price is impulsive I may intentionally hold past TP3 as demand will be in full control and the markup will be obvious to everyone
News may impact the technical out look of the setup, hence why I will be waiting for sniper entries rather than rushing the play. USD is gaining strength with news fundamentals however I still feel GBP is stronger and the completion of the setup is likely.
Update on EURUSD Opportunity for SellsPosting an update to my analysis from the beginning of the week. Since my previous update, we saw a clear sign of weakness. Then the price created another creek and after this final distribution, created one more thrust before consolidating then starting the descent down.
I entered at the imbalance as I wasn't expecting another UT before pushing down. The entry wasn't so great and I needed to maintain a large SL to hold this trade but fortunately, it ended up going in my direction.
As of right now, the price has broken the structure with an hourly close. The 4h will be closing in 45 minutes and if it can close below the previous structure, the probability to continue further down increases.
For this trade, I am targeting 1.201 but expecting the price to go all the way down anywhere between 1.18 to 1.195 before starting the next wave up.
I am here to learn so please don't hesitate to provide comments or suggestions on my analysis. It would be greatly appreciated.
Trade Safe!
HEET
Previous Analysis:
Zoom out on HTF:
Potential EURUSD opportunity for sellsWhen I was looking at the structure of EU, I was thinking that we were going to see continuation. I am actually still in a long trade as we speak.
But EUR is quite weak and we have yet to see any sign of continuation nor break of structure. The more I look at the structure, It appears to be distributing more than accumulating.
As such, I have changed my bias.
I've redrawn my chart to show a distribution schematic. I am currently waiting for a UTAD and assuming it rejects above the highs, I will look to enter a short.
As it is still unclear which way this is going, if anywhere, so if this plays out, I may not enter at the top and wait for more confirmation then try to enter at a supply zone instead.
Anyway, I am still quite new to Wyckoff so if anyone has any comments on my chart, please do not hesitate to provide any feedback or comments. It would be greatly appreciated.
Trade Safe!
HEET
ps. Just before posting, I had a quick look at DXY and it looks like DXY may be in a spring right now. But I don't see any rebound, so maybe this is all wrong?
EURGBP - Wyckoff Accumulation?Looking at the 5m chart of this pair I noticed a similarity to the wyckoff accumulation schematic. It has been hovering around a daily key level for the day which would give the indication that the pair is ready to move.
I'd ideally like to see a higher low being formed on the daily timeframe and look to get to higher highs.
Please comment your thoughts if you know anything about wyckoff - this should be going to the third and final phase of the accumulation if I am correct.