Decam9

Decam9

As a trader, I often battle with the fear of missing out (FOMO), a common pitfall among traders that can lead to impulsive, unprofitable trades. After reviewing my journal, I determined that chasing breakouts was costing me a significant portion of my account, so I studied Volume Spread Analysis (VSA) to help me reduce my urges. Here is how is used VSA to avoid...

Decam9 Updated 

INTRO I have been sitting on this idea for a while and finally decided to put the pen to the pad. For the past three years, there have been signs that Lululemon's stock may be destined for a decline. This trade idea will explore the potential for a downtrend using Wyckoff analysis, a technical analysis pattern used to identify trends within a market cycle. The...

Decam9

The Wyckoff accumulation pattern offers valuable insights into potential market reversals and breakouts. This case suggests that "Big Money" might be quietly accumulating shares in preparation for a NIO run. Evidence of Accumulation: March 2022: Large buying volume shows the initial accumulation. October 2022: The subsequent selling climax further confirms...

Decam9 Updated 

I like the short-term price action on this one. Looking at the 4hr chart, I see that a trading range has developed. The trading range shows higher lows and higher highs. That is the foundation of an uptrend. Within that uptrend on the 10min chart, I see that an ascending triangle is formed. Ascending triangles are characterized by flat tops and rising lows. It...

Decam9

COIN has consolidated for several weeks and I originally believed that a distribution pattern was forming. However, recent structure has caused me to doubt my initial analysis. With a distribution pattern, an uptrend ends and a channel is formed. The upper zone is between 80 and 85 while the lower is between 50-55. It is then followed by weeks of...

Decam9

I had been shorting NIO stock due to the very apparent downtrend as portrayed by the 50 and 100 EMA. However, I noticed that the swings from high to low were getting narrower, signaling a loss in momentum. Throwing some zones on the chart, you can see a small trading range has formed. I compared the Wyckoff accumulation schematic to the NIO chart. The schematic...

Decam9 Updated 

Ive discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below. Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a...

Decam9 Updated 

Yet another Wyckoff pattern. I believe this pattern matches the Wyckoff schematic shared in the chart. I am making my list and checking it twice... Wyckoff checklist: PS—preliminary support, Done SC—selling climax, Done AR—automatic rally, Done ST—secondary test, Done Spring - optional, Done Test— test, ACTIVE. We are looking for a series of higher lows to...

Decam9

Opposite the Wyckoff Distribution is the Wyckoff Accumulation. This is a sign of buying from big money. It shares many elements of the distribution and is broken into 5 phases. I will briefly outline them below... =================== Wyckoff Accum Phases Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. We...

Decam9

Keeping an eye on that black gold for my best friend @lifeonthewater. Notice the downtrending black channel that oil is in. Its providing a nice trading range for us. A break out of the channel opens the door for oil to run to the top of the range where the dashed line is. We got a monster wick out of the support zone with some fantastic follow-through. Thats some...

Decam9 Updated 

Rumors says the Twitter-Elon Musk deal is falling through. It should be a straightforward trade if it does. The stock has been trading in an undeniable descending triangle pattern. I have used previous supports as possible targets and outlined a stop loss above the most recent swing high. Lets do this!

Decam9 Updated 

My idea is simple. We are going long retailers (AMZN, TGT, WMT, COSTCO, etc..) and we are going to short energy (USOIL). Hear me out before you cringe at this unusual trading pair. The US econ has felt some serious effects from inflation. Oil prices are ridiculously high due to the war and it has caused the price of gas to go up. When gas goes up, it costs more...

Decam9 Updated 

About 3-4 months ago, I mentioned that the Russell 2k was showing signs of distribution (huge consolidation before a downtrend). I outlined where big money was selling and where they flipped short. Since the breakdown, we have seen nearly 3 months of consolidation. One could argue that the consolidation was symmetrical with higher highs and higher lows. That, my...

Decam9 Updated 

@Steve666 As promised, this is the current outlook I have of SPY. On the far left, I have the first 5 wave motive count as a downtrend. The wave begins at the start of 2022 and makes 5 waves down. It is then followed by a corrective wave (double bottom). The high of this corrective wave was a little higher than I anticipated and slightly broke the trend but...

Decam9 Updated 

I believe AMD is showing positive signs of strength. AMD has taken a beating with the rest of the market and has come down to a major support level at about $86. It has tested this level twice and bounced away from it forming a signature "W" pattern. Should the pattern play out, the projected target is twice the length of the middle hump. The level is calculated...

Decam9 Updated 

With today's price action, it seems we have found a short-term bottom. We see a pin bar candle near support, indicative of buyers stepping in. Further, we see this pin bar is supported by volume. This means that not only have shorts begun to cover, but longs have entered the trade as well. Using Fibonacci levels, we can expect wave 4 to top between 424 and 430. I...

Decam9 Updated 

Toward the end of last year, I posited the idea that QCOM was executing a "fake-out break-out". Bears get trapped after a failed consolidation then get short squeezed higher. Instead of trading to new highs, QCOM has only consolidated in a range near ATH. This leads me to believe that distribution is occurring near ATH. This is a major piece to wyckoffs price...

Decam9 Updated 

TWLO has seen a dramatic drop off of highs. It is currently downtrending with strong moves under the 10ema on the weekly time frame. I am looking to short the retest of the 10 ema on the weekly chart and short it to the ultimate target of 110. This is the low of the breakout candle made during the week of May 4, 2020. There is support at 150 and 130 between here...