the news deff say it all. but the stocks took a huge plunge and it will continue. it needs to retrace and then it will keep plunging
KEY TAKEAWAYS Technical analysis, or using charts to identify trading signals and price patterns, may seem overwhelming or esoteric at first. Beginners should first understand why technical analysis works as a window into market psychology to identify opportunities to profit. Focus on a particular trading approach and develop a disciplined strategy that you can...
caught this right when it bounced off the trendline! if you have been following me then you know that this is a trade i been analyzing for a while this is basic trend analysis
Obviously all of us retail traders are hoping for a push towards the down side and that trendline was our entry. It has now created a false break of structure and you can tell by the volumes on the chart, they are decreasing instead of increasing. when it does the opposite it means it is a fake break out. regardless however this moves, it needs to retest before...
eurusud needs to hurry up and tank lol. its easy trend analysis. it hits one or the other ( support and resistance ) and bounce. even though EU been real sloppy lately you can still secure a little bag off it
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of...
What is Wyckoff distribution? The distribution is sideways and a range-bound trading period. It usually occurs after a prolonged uptrend. This is the trading zone where big players build short positions or distribute long positions and wash out retail traders
this is just to save previous mark ups we break down each zone in my class and we get to the bottom of every possible answer. We go from using basic tech analysis to using institutional trading. EurUsd was rising, then falling , then the structure moved sideways before dropping again. Its safe to say as long as USD is rising in price EURO will drop.
PERFECT EXAMPLE OF DISTRIBUTION!!! I Predicted this before it broke through the resistance. the distribution zone isnt broken down on the published idea but this is a perfect example of the price cycle and how it works. for beginners: just remember that every time the market is getting ready to change trends (from bullish to bearish or vice versa) it will trend...
Stocks were mixed on Tuesday with technology stocks under further pressure, as investors further mulled the market implications of Federal Reserve Jerome Powell’s renomination to lead the central bank. The S&P 500 ended slightly higher. The Nasdaq lagged as investors further turned away from technology and growth stocks. The Dow — which is heavily weighted in...
Gold Price Forecast: XAU/USD hangs near multi-week low, bears flirt with $1,800 mark Gold struggled to preserve its modest intraday recovery gains from a near three-week low. Hawkish Fed expectations, elevated US bond yields, stronger USD contributed to cap gains. COVID-19 jitters could lend support to the safe-haven metal and help limit the downside. Gold gained...
if youre in my 90 day course, this is the example we went over last week. EU has now RE accumulated. all the 5 phases are marked and shown. please pay attention to target and SL points.
GU has been on the rise and it is in a TRENDING structure. which means if the market is buying, the chart/candlestick patterns will be following a diagonal trend going UPWARD. It will retrace when it hits its peak (support and resistance) and it will create impulsive moves in the buying direction.
Richard D Wyckoff created a price action theory that states the market moves in 5 phases : Accumulation, Mark up, Distribution and mark down. In within the accumulation and distribution phases, there is an additional FIVE price action phases that break down market manipulation and why the market breaks structure and does a complete 180. This theory ALONE is the...
The distribution phase is the third stage of the cycle and it is where the bears are attempting to regain authority over the market The price action on this chart at this stage is flat. One indication that the market is in the distribution phase will be the sustained failure of price to create higher lows/bottoms on the chart. The price action begins to create...
wyckoff method ex of accumulation theory how to identify re accumulation and how to trade with it and away from it. wyckoff method works with indexes
EXAMPLE OF PHASES BROKEN DOWN, BACK TO BACK..