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Wyckofftrading

3 Malaysia Stocks to Ride the Recovery ThemeAs the funds being rotated out from the technology sector MYX:TECHNOLOGY , recovery theme stocks in Malaysia has outperformed the market. In fact, it is possible that the recovery theme rally has entered into Wyckoff phase E, which is the marking up phase where the momentum move begins. In this video, you will find out the top 3 Malaysia stocks MYX:AIRASIA , MYX:GENM and MYX:GENTING that are now riding and leading the recovery theme. Potential low risk entry via pullback trading or breakout trading together with the targets at the key levels are covered in the analysis.
MYX:GENTINGLong
by mingjong
XRP - Hidden Gem??Relatively speaking XRP has been shat on during this bull run with really no significant gains to get excited about. What I am seeing * XRP has been in a down sloping accumulation range since Oct 18 * Broken the down trend but had a capitulation event with very negative news a few weeks back * We have regained our position in a strong zone to the upside. * Note how we are sitting on top of a key supply zone which occurred on the 23rd Dec - nthe significant diff in volume between the two which means a lack of supply but demand also. * This lack of supply means we can have demand take over and push prices higher - this is becoming evident with the inability of price to move lower. * Watching for a break above 0.50 for a long. * Break below 0.40 will most likely see us to around 0.30 Wait and see.
by DecpBTC
3
No trades at the moment - WAIT AND SEEHi Team, We have entered a small trading zone at previous high which is expected as profit taking is occurring. Looking at the previous top will give us some clues. The FEB top was a quick distribution into a shakeout creating the liquidity for larger players to enter. Remember - distribution are generally quick and volatile whereas accumulation are slow with and time consuming with decreasing volatility. I have listed two scenarios here with neither more viable at this stage. I think overall we go higher after the prolonged re-accumulation we just had. Confirmations of bullish behaviour: *Supportive price at lower part of TR *Decreasing volatility *Relative long time in range *Testing event at support with strong recovery and subsequent support in the TR *Successful break of resistance with volume and support above resistance line Confirmations of bearish *Break down to 55K with no recovery in the TR *No support volume on the break to 55K *A break below support - retest to previous support and rejection *Quick time in range like in FEB Its wait and see at the moment. Remember you are looking to confirm bias which indicates who is winning; buyers or sellers. At the moment the short term bias is up; so we are looking to confirm each step. If we have a deviation from what we would see in a bullish bias it should alert us as a potential change in market conditions and we can begin to craft a trade in that direction.
by DecpBTC
2
Goofed by what I thought was distributionSo.. PLANS CHANGED! Took some time to see on the sidelines how price would decide to play. Seems like we've been trending bullish with strong inst. order flow, so as of right now and the way the higher TFs are looking -Daily shows great strength, as well as a BOS; this could be the impulse to begin our bullish move, after many days of bearishness (for the retracement)-. Now, I'm seeing re-accumulation. Price begins to trickle its way bullish after a retracement on both 4HR and D (Jan 14-17th), which to me, seems like the standard push-up-pullback bullish scenario you'd see in clean price action. GBPUSD RE-ACCUMULATION ON 4HR GBPUSD BULLISH BOS ON DAILY With DXY showing signs of bearishness on higher TFs, as well as taking into account future events like stimulus cheques being handed out; value on the DXY is sure to nudge lower with all that money being printed -just my hunch, lol-.
by JaquiQuill