WITHIN NEXT 4 WEEKS VOLUME PRICE STEP (#VPS) WILL HIT OLD RESISTANCE PRICE LEVEL
Kap Industrials has undergone distribution and is now in the markdown phase. After a buying climax (BC) in April 2017 we have seen a distribution trading range (TR) and currently, it is in the markdown phase. There is high volume selling as large interests are getting rid of the stock on the way down.
Dis-Chem has been following a downward trend channel. It is currently at the overbought line which is also a backup to the previous breakout level. With some volume in the rejection of 2400 level Dis-Chem is set to continue the downward stride.
Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local...
Clicks has been in a reaccumulation trading range (TR) and broke out of the range (Jumped the creek) today. Watching for a retest of the range (Backup (BU)) to go long.
Hello Traders! Today’s chart update will be on BATBTC, very similar to XRP’s chart which I posted a couple days ago. BAT’s had a falling wedge breakout which is in confluence with a potential bullish divergence. It needs to break major structural resistance to confirm the daily trend change… Points to consider - Visible Bullish Divergence - Price testing major...
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After a decline, Cashbuild has undergone a redistribution trading range (TR). After some last points of supply (LPSY) we have seen negative divergence on the volume RSI and a break of the TR. This indicates the potential start of phase E of the redistribution.
Hello Traders! Welcome back to today’s chart update, which will be on Bitcoins weekly chart, where we have a potential indecision candle close? The weekly trend maybe putting in its local higher low however the EMA’s are showing bearish signs near the psychological $8000 level… Points to consider - Trend still bullish on weekly (Testing trend line) - Major...
Following the accumulation of RDI Reit (see post below), according to Wyckoff logic, we have broken the trading range (TR) and had a backup. The markup in Phase E is starting and targeting the 2300 level.
Nedbank has been steadily increasing but after breaking the upward stride and breaking below the key 25000 level it seems that there is some distribution taking place. In the distribution, we see increasing volume on the declines and decreasing volume on the increases. Volume spikes are at the peaks. Looking for some markdown to take place.
Hello Traders! Hope you all had a great weekend, Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias. Points to consider, - Daily trend bearish - Price testing structural resistance - Price below key moving average -...
Anglo American has been trading in a strong upward trend. After testing the oversold line with volume and negative divergence on the volume RSI we have seen a continuation of the stride. After a small correction, some volume indicates that the upward momentum should continue.
After redistribution and a backup (BU) to the trading range (TR). We have seen some supply volume and a strong move down indicating the markdown is gaining momentum.
Hello Traders, Today’s update will be on XRPBTC from previous technical analysis, the retrace happened, what next? Points to consider - Price retraced and tested new support (R/S – flip retest) - Price respected .618 Fibonacci Level - Local resistance is .382 Fibonacci Level - EMA’s giving price resistance - RSI respecting trend line - Volume Declining...
After a sharp drop, Old Mutual has been undergoing redistribution. We have now seen all the Wyckoff Phases and a backup (BU) after the breakout to the trading range (TR). So base on the Wyckoff theory the markdown in Phase E is set to start. Watch for a strong downward trend. I had previously analysed this as an accumulation range (see posts below) because it...
RMI has undergone distribution and is now in the markdown phase (see posts following distribution below). The expectation is for the markdown to continue after the recent correction.
Mondi has been undergoing distribution with an upsloping trading range (TR). After a backup to the TR we now see high volume and increased volatility to the downside indicating increased selling. This is also pushing against an important level of 29000. If this breaks we can see a significant markdown.