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Wyckofftrading

CHZUSDT !! ARE WE GOING FOR A STRONG UPTREND ?!Ok Traders ! hope you enjoying your life ! first of all what do we want to see in phase c ? -strong rejection: point of fear : traders start to panic in downtrend and close their positions and open a new short positions to take gains . participation of buyers : for fundamental reason market makers and other whales see an opportunities to buy in the deep . -average volume : if we have a reasonable volume in phase A & B at lows and highs volume does not matter that much in our analysis CHZ/USDT : we do not have requirement yet but we are getting close to one of the most important key level ! beside of fundamental analysis that key level is between chaos and live in the dream . im gonna keep in touch with you guys and give you updates
Long
by PooyanFX
4
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
META Soars 100% In Less Than 4 Months! What’s Next?Meta Platforms, Inc (META) formerly known as Facebook, is the world’s largest social media platform with a portfolio of apps including Instagram and WhatsApp. It measures its user base in daily and monthly active users, with advertising being its main source of revenue. The company faces competition from Google, Twitter, Amazon, and Snapchat-parent Snap, as well as Apple, YouTube, Bytedance, and Tencent. Meta recently changed its name to reflect its focus on the metaverse. NASDAQ:META is listed on NASDAQ and is a component of NASDAQ 100 and S&P 500. Spot The Wyckoff Change Of Character From The Selling Climax META started 2022 with a gap down on 3 Feb. The Wyckoff distribution phase was prolonged and continued for several months until late October. The earning results on 27 Oct triggered another gap down and took the price to around $88. However, this down move was accompanied by a big spike in volume in comparison to previous down swings. This capitulation was considered as stopping volume and was confirmed by the higher low test with decreasing volume. The price confirmed the $88 level is Wyckoff selling climax (SC) as it rallied to $119 in mid Nov. This rally has the characteristics of a Wyckoff change of character (CHoC) where the down trend was shifted to a trading range. The price tested the $119 resistance on several occasions with relatively low volume compared to late October 2022. This was the sign of supply exhaustion and a rally could be expected. Subsequently, META started 2023 with a successful breakout from the $119 resistance and a Wyckoff sign of strength (SOS) rally. The rally was steady but reassuringly after successfully breaking out of the trading range. Then the earning results on 2 Feb provided the much needed catalyst for the price to gap up with strong momentum. Nevertheless, the price quickly pulled back from the $197 resistance to form a Wycoff back up (BU) range. The pull back was shallow, about half of the price gap on 2 Feb. Furthermore, there was no threatening volume to suggest the presence of supply. The price also confirmed the bullish momentum with another rally up that successfully stayed above the $197 axis. META Directional Bias Via Wyckoff Method Bullish. According to the Wyckoff method, META just broke out of BU range between $168 and $197. The shallow retest of $197 on 20 Mar would have been a great entry signal for a long position with the swing low of $187 as stop loss. The price might retest the $197 axis again before challenging the next immediate resistance at $245 and $322 to close the gap of Feb 2022. If the price breaks below $187, it will likely retest the support at $169 with a prolonged consolidation.
NASDAQ:METALong
by mingjong
2
WDAY Roller Coaster Ride: Brace Yourself For The UnpredictableWorkday Inc NASDAQ:WDAY , a cloud-based software vendor, generates revenue by selling subscriptions to its financial management, human capital management, and student information system software. Its platform combines finance and HR in a single system, providing analytical insights and decision support for organizations of various sizes. Workday also offers additional applications, including Payroll, Time Tracking, Recruiting, Learning, Planning, Professional Services Automation, and Student. The company serves industries such as technology, finance, healthcare, education, and government. WDAY is listed on NASDAQ and is a component of NASDAQ 100. Wyckoff Sign Of Weakness (SOW) Turned Accumulation With Developing Back Up WDAY hit an all time high of $307.80 on 17 Nov 2021, but retraced from it. The inability to rally up in the subsequent weeks transformed the structure into a Wyckoff distribution phase. This was confirmed when a Wyckoff last point of supply (LPSY) occurred in late April and the price slid in Wyckoff sign of weakness (SOW). It took the price all the way to around $135 on 22 June. The $135 became support and the price rallied to around $180 on 15 Aug, which helped to define the trading range. For the next few months, WDAY price tested the low of the range twice. The low of 4 Nov has characteristics of a Wyckoff spring that was followed by a Wyckoff sign of strength (SOS) rally. The price attempted to break the $180 resistance on 13 Dec but no follow through, making it a Wyckoff upthrust (UT). Nevertheless, the price did not retest the low of the range and instead launched another SOS rally at the start of 2023. The price managed to break out from the range on 2 Feb after completion of the Wyckoff accumulation phase. It is now ranging in Wyckoff back up (BU) between $180 and $194. Bias Bullish . According to the Wyckoff method, WDAY is now in the BU phase. Although the price broke the $180 support, the reaction was another rally to challenge the $194. If the price is able to commit above $194, the immediate target will be $217. If the price breaks below $180, it will likely retest the swing low of $172 followed by $158 with a prolonged consolidation in the trading range. Despite the failure scenario showed up as discussed in this latest video, the characteristics of the FOMC bar was not as bearish as anticipated. This could present a trading opportunity for WDAY to ride for an up swing.
NASDAQ:WDAYLong
by mingjong
WYCKOFF ACCUMULATION GBPUSDFor the past couple of days, GBPUSD has been ranging with some wide swings . Anytime price consolidates, we refer back to the Wyckoff's Theory to understand what's happening and where price is likely to head next. After the 3rd hit to support level, the pound finally dropped . We know the purpose of this drop and what happens next. However, the pound has now breached the 1.20 to 1.30 Quarter Points, which gets me thinking, will the pound reach the 1.75 LQP ? I sit on my hands with this one to see how price will play out. Beaucoup Out
Long
by BeaucoupPips
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
TSLA Bullish Distribution Pattern Calls are Getting ROASTED! .. PUTS are next..Wall-Street loves to make money! This is just a possible Schematic - our small frame indicators helped to call out distribution and bearishness in TSLA . I believe the Composite Man would make one more liquidity grab before dumping off? .. the markets are ready to bounce before the next big sell-off I would like to see a higher high with bearish divergence on the Daily indicators before stating that this is it for TSLA... to easy... I closed shorts, repurchased my shares sold @$198 & $210 for a discount... I think TSLA may have some juice left in its battery for one more move. I will do more analysis later and keep you posted This are just my ideas - not recommending anything
NASDAQ:TSLA
by Black_Sheep1
📊 Wyckoff SchematicsThe Wyckoff Method involves a five-step approach to stock selection and trade entry, which can be summarized as follows: Determine the present position and probable future trend of the market. Is the market consolidating or trending? Does your analysis of market structure, supply and demand indicate the direction that is likely in the near future? This assessment should help you decide whether to be in the market at all and, if so, whether to take long or short positions. Use both bar charts and Point and Figure charts of the major market indices for Step 1. Select stocks in harmony with the trend. In an uptrend, select stocks that are stronger than the market. For instance, look for stocks that demonstrate greater percentage increases than the market during rallies and smaller decreases during reactions. In a downtrend, do the reverse – choose stocks that are weaker than the market. If you are not sure about a specific issue, drop it and move on to the next one. Use bar charts of individual stocks to compare with those of the most relevant market index for Step 2. Select stocks with a “cause” that equals or exceeds your minimum objective. A critical component of Wyckoff's trade selection and management was his unique method of identifying price targets using Point and Figure (P&F) projections for both long and short trades. In Wyckoff's fundamental law of “Cause and Effect,” the horizontal P&F count within a trading range represents the cause, while the subsequent price movement represents the effect. Therefore, if you are planning to take long positions, choose stocks that are under accumulation or re-accumulation and have built a sufficient cause to satisfy your objective. Step 3 relies on the use of Point and Figure charts of individual stocks. Determine the stocks' readiness to move. Apply the nine tests for buying or for selling (described below). For instance, in a trading range after a prolonged rally, does the evidence from the nine selling tests suggest that significant supply is entering the market and that a short position may be warranted? Or in an apparent accumulation trading range, do the nine buying tests indicate that supply has been successfully absorbed, as evidenced further by a low-volume spring and an even lower-volume test of that spring? Use bar charts and Point and Figure charts of individual stocks for Step 4. Time your commitment with a turn in the stock market index. Three-quarters or more of individual issues move in harmony with the general market, so you improve the odds of a successful trade by having the power of the overall market behind it. Specific Wyckoff principles help you anticipate potential market turns, including a change of character of price action (such as the largest down-bar on the highest volume after a long uptrend), as well as manifestations of Wyckoff's three laws (see below). Put your stop-loss in place and then trail it, as appropriate, until you close out the position. Use bar and Point and Figure charts for Step 5. 🔹PS — preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. 🔹SC — selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. 🔹AR — automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. 🔹ST — secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. 🔹Test — Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. 🔹SOS — sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. 🔹LPS — last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. 🔹BU — “back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level. 🔹PSY — preliminary supply , where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. 🔹BC — buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. 🔹AR — automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. 🔹ST — secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. 🔹SOW — sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. 🔹LPSY — last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. 🔹UTAD — upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
After possible fake breakout support GBP/USD can begin move upHello traders, I want share with you my opinion about British Pound. Looking at the graph, we can observe how is formed the accumulation scheme by Wyckoff. We see how the price enters the phase A, creates preliminary support (PS) that indicates that some buyers are showing up, but they are not enough to stop the movement. The selling climax (SC) is formed by intense sales, as the excess supply is absorbed by the buyers, the strong drop quickly turns into a rebound or an automatic rally (AR). Next, we see a secondary test(ST) that is tested in a truly downtrend ended. Further, the price goes into phase B. In fact, phase b is the stage at which a composite person accumulates the largest number of assets. During the phase B, there may be numerous secondary tests and in some cases they can produce higher highs (bull traps) and lower lows (bear traps) with respect to (sk) and (ar) phase A. Currently the price has moved into the phase C. This phase is a typical period of accumulation of assets, also called SPRING. It often acts as the last bear trap before the market begins to form higher lows. The bearish trap is prompting retail investors to give up their assets. Now the price is above the support level 1.1930 and I think the price can make a fake breakout and begin move up. So for the British Pound, I see 2 goals, resistance area (1) 1,2025-1.2045 and resistance area (2) 1.2130-1.2150. Please share this idea with your friends and click Boost🚀
Long
by LegionQ8
4
wyckoff Redistribution always we can fin in Down Trends A Distribution is a range-bound price structure that precedes a markdown (downtrend) after completion of the prior uptrend. Re-accumulations often scare traders and investors into believing that a Distribution is forming which can cause them to exit their positions. Re-accumulations form repeatedly in a major uptrend. Distributions, on the other hand, result in a reversal of trend into what Wyckoffians call a Markdown Phase.
Education
by BasharatAliMaher
Wyckoff Distribution Schematics 2Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often upon diminished volume. However, the uptrend may also terminate without climactic action, instead demonstrating exhaustion of demand with decreasing spread and volume; less upward progress is made on each rally before significant supply emerges. In a redistribution TR within a larger downtrend, Phase A may look more like the start of an accumulation TR (e.g., with climactic price and volume action to the downside). However, Phases B through E of a re-distribution TR can be analyzed in a similar manner to the distribution TR at the market top. Phase B: The function of Phase B is to build a cause in preparation for a new downtrend. During this time, institutions and large professional interests are disposing of their long inventory and initiating short positions in anticipation of the next markdown. The points about Phase B in distribution are similar to those made for Phase B in accumulation, except that the large interests are net sellers of shares as the TR evolves, with the goal of exhausting as much of the remaining demand as possible. This process leaves clues that the supply/demand balance has tilted toward supply instead of demand. For instance, SOWs are usually accompanied by significantly increased spread and volume to the downside. Phase C: In distribution, Phase C may reveal itself via an upthrust (UT) or UTAD. As noted above, a UT is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UT or UTAD allows large interests to mislead the public about the future trend direction and, subsequently, sell additional shares at elevated prices to such break-out traders and investors before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move. Aggressive traders may wish to initiate short positions after a UT or UTAD. The risk/reward ratio is often quite favorable. However, the “smart money” repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until Phase D and an LPSY. Often demand is so weak in a distribution TR that price does not reach the level of the BC or initial ST. In this case, Phase C's test of demand may be represented by a UT of a lower high within the TR. Phase D: Phase D arrives after the tests in Phase C show us the last gasps of demand. During Phase D, price travels to or through TR support. The evidence that supply is clearly dominant increases either with a clear break of support or with a decline below the mid-point of the TR after a UT or UTAD. There are often multiple weak rallies within Phase D; these LPSYs represent excellent opportunities to initiate or add to profitable short positions. Anyone still in a long position during Phase D is asking for trouble. Phase E: Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.
Education
by BasharatAliMaher
Wyckoff Distribution Schematics 1PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.
Education
by BasharatAliMaher
Wyckoff Accumulation in XPEVPreliminary Support (PS) The first significant rally that occurs after a prolonged decline that indicates budding demand showing up. It is usually associated with a minor panic preceding that rally. Selling Climax (SC) A major panic that occurs at the end of a steep decline in prices. In its classical form it is typified by large range reversal in prices accompanied by large volume. Automatic Rally (AR) The rally that occurs after a Selling Climax. It occurs without previous preparation, hence the word “automatic.” The top of an AR usually marks the beginning of the coming creek. Secondary Test (ST) A name given by Wyckoff to the reaction following Automatic Rally, (or rally following the Automatic reaction.) If that test is associated with small range and light volume—it increases the likelihood that the previous trend is over. Spring A form of a test of a trading range. Characterized by pushing prices below support by the CM in order to check the status of supply. The market’s response to the spring indicates the nature of supply and demand forces for the near future.
NYSE:XPEVLong
by Horizon_Trader
4
Stepping-Stone Re-Distribution Continues for BitcoinSince Oct 21, 2021, Bitcoin (BTC) has exhibited a stepping-stone pattern of re-distribution. I have clearly documented these events in a series of publications as the price action unfolded. In this stepping-stone pattern, the price trades within a well-defined trading range for a time until the price commits below the lower boundary of the trading range in a shakeout (SO) and/or sign of weakness (SOW) event. Next, demand comes in to stop the downward price action then the price trades within a new trading range with well-defined boundaries. In stepping-stone re-distribution, it’s almost as if the trading ranges are kind of stacked upon one another. With the recent FTX/Alameda black swan event, we have observed a SO/SOW event. In the SO/SOW, the BTC price dropped by greater than 26%. Demand clearly stepped in to stop the price from decreasing further. Most likely we have entered a new trading range although we need to wait for confirmation. In addition, we don’t know at the moment if this new trading range is accumulation or distribution. Note: The orange circles highlight climatic level volume. Wyckoff abbreviations: automatic rally (ARa), selling climax (SC), secondary test (ST), upthrust (UT), upthrust after distribution (UDAT), preliminary supply (PS), failed upthrust (FUT), shakeout (SO), sign of weakness (SOW), upthrust (UT), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D). This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSD
by Eightchains
3
Is the distribution pattern on JBH now complete? (JBH:ASX)* Initial peak at the end of 2021 * Sharp retrace (automatic reaction) followed by quick rally into the secondary test * Sharp fall again on most bearish volume in that period * Long phase B of about 12 months * Down moves so much quicker than the up moves * Distribution occurring through this period * Ultimate high in April 2022 forming an upthrust after distribution * Very weak retest to complete Phase C * Rapid decline in price from $57 to $37 approx in Phase D sell off * One last rally to $47 approx * Back up to the creek and upthrust to complete Phase D * We should now start the Phase E mark down. * P&F target is $10, conservative target $21 * This is my analysis of the stock. DYOR before making trades.
ASX:JBHShort
by AussieWyckoff