Here is a possible trade idea using Smart Money Concepts (SMC) based on wyckoff's theory based on the accumulation schematic.
Adding onto the previous short bias.
Here we have a lovely imbalance of price for a 1:10 RR short position. Spreads should be taken into consideration when taking this trade due to the low levels of liquidity during market open.
BDEV has shown some great performance over the past couple of years, showing a strong competitive drive amongst the housing development industry. Despite BDEV cutting their dividend due to profit loss, Barratt Developments Plc shows strong fundamental characteristics such as a low debt-to-equity ratio and has a great track record of increasing its year-on-year...
The OBV along with price action shows a strong and clear bullish presence.
Now is a great opportunity to enter a long position into EURASIA MINING COMPANY PLC (EUA). I have been in this company since January at 3p per share with an average share price of 18p per share. I see nothing now but a green light to really ramp up on my long positions. The company is currently under negotiations in a possible buy out with suspicions of a bid...
Market gaped the VWAP indicating strong buying pressure. Moving to the upside for a potential to make the loss back on the previous analysis.
Here is a possibility of a short with structure beginning to fail and price moving in line with downward pressure. Time to follow the volume. :)
I'm pretty confident at this point that the US stock market is in a bubble just waiting to burst. This may not be the best entry, but I'm confident in taking short positions.
BTCUSD is worth a short for you risky traders. Is this bubble ready to burst? Well it's followed the bubble mania pattern as shown here: assets.bwbx.io