Beautiful Range Creation here. 1 Hour chart is starting to unravel. Bias is bearish in this instance since there are subtle signs of weakness throughout the schematic. There is more than one UT as well, signifying a confirmation of weakness or prolonged uncertainty within the range. therefore, It is evident that Earnings may have a high significance towards...
Institutional Selling presents itself as wyckoff in Amazon. There was institutional selling as short profit taking and then institutional buying as there was anticipation for higher prices. However, there must have been bad news--bearish anticipation as we approached July and October, because we failed to commit outside of the range we were in. This brings us to a...
Carnival Cruise was one of the stocks that underperformed after the 2020 Covid Crisis. From previous Lows, there was a huge gain--for smart money or Institutional investors. However, once media coverage of the "performing" industry hit the market, The big Boys Knew that it was time to sell off their shares to the Public. This Creates Bag Holders of the Stock at...
Welcoming a guest, @hugginsleexxv and I are describing our perspectives of Bank of America's future trend, buying opportunities, and price projections using methods like RSI, WYCKOFF, TRENDS, multiple MA, Linear regression
I believe TEVA is accumulating, you can see many tops and bottoms are being liquidated. It is a whipsaw for traders in phase b. However, i believe we are going to get a test that will send us outside the range on good news
It is likely to see a continuation Down, After many tests and signs of weakness within the range. After phase c was created it is evident that the trendline created is part of Phase d. around phase C was evident of an Extreme SOW and confirmation of the previous sow after breaking the AR level.
Likely a continuation down after a little liquidity grab or rally to 33.61 then all the way down to 16-10 dollar range
A HUGE ACCUMULATION SCHEMATIC MAY BE IN PLAY. Currently, we are looking for a Selling climax (price falling out the channel) to see a stop in falling prices. Long term, I would like to see price fall very quickly and reject or fall below the range and commit very shortly down before a reversal upwards. This will show strength in carnival for another rally. In...
PROBABLE ACCUMULATION/ REDISTRIBUTION. if there is bad bias for the company---i still think we are bearish until there are clear signs of reversal. Therefore, its likely to see far more downside. I am just guessing around high volume; price will stop here and consolidate. THUS, I think Wyckoff will be better analysis for RIVIAN
many failed upthrusts occurred within the upper range and medium range of the channel. One major lesson I have learned with identifying a Wyckoff schematic is that ranges must be horizontal. Horizontal ranges would identify price levels. This is far more important than resistance levels. Though price and resistance may be the same, the concepts listed evolve...
Wyckoff of a particular Point in a bigger correction wave that is present on the chart. Seems there is a "head and shoulders"--a bearish sign. However, it seems that this is actually an accumulation.
Seeing an increase in asset turnover and increase in volume, it is likely we will see a lower test around 16ish area. Seeing it fall through Demand zone would be very inviting for long positions
Bullish Features on AAL, Showing a minor SOS and creates a probable LPS and continuation upward. Looking for a retracement somewhere on the Fibonacci retracement. maybe around 0.618 and take off upwards
Sideways Wyckoff channel manipulation. The biggest downmove occurred due to news and the institutions using this news as leverage to sell into lower lows. Then one morning we had a shakeout that occurred that failed to leave the range--insisting that all supply was being absorbed by the professionals.
Seems that phase c already happened. LPS probabiliy increased. Increasing volume on Rallies and low supply on support areas shows that demand is prevalent.
There are many possibilities that could happen here, but it does not matter what occurs since it will all be the same. we are still in a range but the directional bias that i assume is bullish, thus volume should increase on rallies and decrease on reactions. We will most likely see more bullish action after a major low or a ST has been tested.
phase A stopped the trend, now we are currently in phase B until there is significant demand/supply to bring us out of the zone. A break above the red line would signify a minor sign of strength. this hints that the upside potential is very possible. With a gap to fill short term, i believe we will retest one of the green boxes. Another sign we are going up is...
Wyckoff schematics come in many different forms but originate from a basis of 3 other schematics: distribution, accumulation, and reaccumulation. Reaccumulation patterns consist of many creeks and channels. As you may see here, the minor creek has been broken with a lot of volume. Then, after a big jump--wide spread and high volume-- we saw another break of the...