Forever_Learner

Forever_Learner

HI, my take on RANHILL After the selling climax, price rallied up in an impulsive move, followed by correction in the form of a descending channel B. Upon reaching the previous support A, we could see shortening of downward thrust. The last move down (C) is currently still unable to break below the recent low at D. But look at the high cummuative volume of down...

Forever_Learner Updated 

According to Wyckoff rule (rule no. 3 I think), effort must be proportionate to result. In this chart, we can see that at the recent down move B, compared to the previous down move A, the cummulative volume of down move B was much much higher (>2x) than that of down move A volume (see the bottom Weiss indicatior). In spite of this high cummulative down volume...

Forever_Learner

Hi, I think BURSA will continue back the move up after recent retracement down to area of horizontal line A which was a major resistant-turned-support line on higher TF. Bar 1 was the climactic bar, with ultra high volume, meaning buyers entered to slow down the down move. Bar 2 was a No Supply bar. Bar 3 was a spring, meaning that price broke below the recent...

Forever_Learner

GC is nearing the 1800.0 resistant level (line A), which was the high pivot back in 2012. Price had been in a trading range (between line B and C), and recently on June 23rd price broke above the upper line B, but with lower volume than the previous day. The next day June 24th price closed lower than the opening, back below line B. This might indicate a false...

Forever_Learner

Hi, My take on AIRASIA On daily TF, price has recently broken above the resistant line A, then retraced back to retest the line A. Looking at the down waves of the price (arrow 1, 2 , 3) : Down move no. 2 has higher volume wave (Weiss indicator below) than down move no. 1, but yet it failed to break below the low of the move no. 1 , this may indicate the higher...

Forever_Learner

Hi, GHLSYS has been contained within a trading range bounded by line A & B for 3 years (since Apr 2017 till Apr 2020) Price then breaks out of above line A with strong bars with increasing volume, which may indicate genuine interest by smart money to break out of the range. After breakout , price retraced again downward until down candle C which has long lower...

Forever_Learner

Hi, my take on USDCAD Price made a double bottom recently , then move up in a strong impulsive move. Then it formed a consolidation period (between line A & B). Price just retested the support line B again, and as we can see the downward move 2 (blue arrow no 2 ) has lower volume wave (on Weiss volume indicator) than the downward move 1 (blue arrow no 1), which...

Forever_Learner

HI, FGV has been on major uptrend on daily time frame, and now has retraced back to the Resistance-turned-Support line A . On this H1 timeframe, we can see that each successive downmove towards line A had resulted in lower Weiss volume wave (red arrows on Weiss Indicator), while each successive upmove has higher Weiss volume waves (blue arrows). This may...

Forever_Learner

Point A - Stopping Volume appear on the down move, (Ultra high volume), may indicate buyers coming in to halt the move downward. Point B - Re-test at of point A , now with lesser volume (but still considered high volume), indicating there is still supply in the market Point C - retest of same area of point A & B, but this time volume is low indicating that...

Forever_Learner

VSA/Weiss wave analysis : TGUAN showing 1) high volume activity on the bars with long lower wicks (green arrows), possibly indicating active buying. 2) This is followed by No Supply bar (a down bar with volume lesser than the previous 2 bars {red arrow}, showing possible no selling interest to bring the price down. 3) On Weiss Wave indicator, there is...

Forever_Learner

After price breaks above major historical resistant line A last week ( D ), price has corrected back downward toward the line A. It then formed a nice consolidation range (line B and C). Price later formed a false breakout of the consolidation range and quickly moved back up. This looks like a Wyckoff reaccumulation phase to me, with the false breakout was the ...

Forever_Learner

A nice Wyckoff setup at the previous broken resistant line (black line). Price formed a trading range (line A & B) then made a false breakout (a.k.a spring) out of this range then price moved back into the trading range. I'm looking forward for price to move up to the recent high on daily, and probably till the historical major weekly resistant line at 18.9