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Wyckoff Distribution and UTAD Confirmation The current chart appears to be in a distribution phase, particularly characterized by a Wyckoff UTAD (Upthrust After Distribution). This phase signals a potential shift from bullish to bearish sentiment after a sustained upward trend. The following key phases and elements from the Wyckoff methodology are...

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The updated chart for XAUUSD (Gold/USD pair) on the 1-hour timeframe provides an in-depth analysis using a combination of Wyckoff Distribution, Elliott Wave Theory, and Fibonacci retracement levels to project future price movements. The integration of these methodologies indicates a bearish market outlook, with the potential for further downside as the market...

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Market Context: The bearish trend has been established with the clear formation of a Bearish Order Block at the top left, and price has respected this level, indicating a continuation of the downtrend. The market has created a structure that suggests potential accumulation. Wyckoff Accumulation Phases: The chart is segmented into Wyckoff accumulation phases,...

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Key Analysis and Components: Wyckoff Accumulation Phase: The current price action suggests that USOIL is in Phase B of a Wyckoff Accumulation. After a preliminary supply (PSY) and a buying climax (BC), the market experienced a secondary test (ST) and a shakeout (SOW in Phase B), confirming the accumulation phase. The upthrust (UT) in Phase B could suggest a false...

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Key Analysis and Components: Elliott Wave Structure: The wave count shows an ongoing impulse wave (iii), which peaked near the 190.95 level. Following the peak, a corrective pattern (ABC) has developed. The chart indicates that the current correction may evolve into a larger wave 4 structure, implying that the pair has room to the downside before completing the...

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Key Elements of the Chart: Wyckoff Distribution Phases: The chart highlights the structure of a Wyckoff Distribution, with various phases labeled, such as Preliminary Supply (PSY), Buying Climax (BC), and Automatic Rally (AR). Phase B is ongoing, indicating significant volatility with price rejection near the highs, followed by a sign of weakness (SOW). Elliott...

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1. Wyckoff Accumulation & Distribution Phases: This chart heavily applies Wyckoff's methodology, which is built on the phases of market accumulation and distribution. The schematic is drawn to reflect the following phases: Phase A marks the preliminary support (PSY) and automatic rally (AR), where initial buying pressure emerges after a prolonged downtrend,...

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Wyckoff Distribution in Play The chart is clearly in a Wyckoff distribution phase, a critical indicator of a potential market top. After the initial Preliminary Supply (PSY), we saw a sharp Buying Climax (BC), where buying pressure peaked. This was followed by an Automatic Reaction (AR) and a series of lower highs and lower lows. The Sign of Weakness (SOW) in...

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Wyckoff Distribution in Phase B Phase B: Testing Support and Resistance The chart suggests that XAU/USD is in Phase B of the Wyckoff distribution. This phase is characterized by the market testing resistance and support zones. In this phase, institutions are absorbing demand before a major move. BC (Buying Climax) and AR (Automatic Rally) A significant Buying...

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The BTC/USD market is showing a definitive bullish structure across multiple timeframes, including the 12-month, 3-month, 1-week, and 1-day charts. This analysis highlights the delivery of price through various accumulation and re-accumulation phases, further supported by harmonic patterns and Elliott Wave theory. The current formation suggests a clean swing is in...

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1. Elliott Wave Theory: Corrective and Impulsive Structures Primary Wave Count (5-Wave Impulse & Correction) The chart presents the framework of Elliott Wave Theory with an emphasis on wave formations: Wave 1 to 5 (M): The larger impulsive move. The completion of Wave 5 (M), peaking at $73,805, denotes the end of a bullish cycle. This wave culminates the major...

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1. Elliott Wave Structure: Impulse and Correction Wave 1-5 (M) This chart starts with a completed five-wave impulsive structure based on Elliott Wave Theory: Wave 1: The initial upward thrust. Wave 2: A corrective move that doesn’t retrace beyond the start of Wave 1. Wave 3: The most powerful extension, significantly larger than Wave 1. As per Elliott rules, this...

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Wave Structure: The chart depicts a classic five-wave motive structure with the current price action situated in the final wave 5 (M). According to the Elliott Wave theory, wave 5 is typically the last upward move in a market cycle before a significant reversal. Price Targets and Invalidation Levels: The projected high for wave 5 extends to approximately...

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Left Chart: 4-Hour Timeframe Analysis (NAS100, 4H) This section illustrates the market structure with a combination of Wyckoff methodology and Elliott Wave Theory, highlighting significant levels of resistance, supply, and possible market movements. Wyckoff Schematic (Phase B): The Phase B of a Wyckoff distribution process is depicted, suggesting a market shift...

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Right Chart: 4-Hour Timeframe Analysis (USDCAD, H4) This side offers a closer view of the Wyckoff schematic and confirms the market structure through the smaller timeframe. Phase B of Wyckoff Distribution: SOW (Sign of Weakness in Phase B) is seen here, marking the preliminary signs that supply is overcoming demand. This is located near the 1.3510 level, an area...

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Wyckoff Phases & Accumulation PS (Preliminary Support), SC (Selling Climax), AR (Automatic Rally), and ST (Secondary Test) are part of the Wyckoff Accumulation phase on the daily chart (left side), indicating a potential bottoming process around 180.00. Phase A through Phase B reflects the early stages of accumulation, with the current action moving towards a...

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XAU/USD (Gold) on the 4-hour and 1-hour timeframes. Price is currently in an impulsive wave targeting the 2,650-2,660 region, with a 1.618 Fibonacci extension at 2,647.617 suggesting a potential peak. Key elements: POC (4H) at 2,581.633 and 2,516.272 (1H) act as major support levels. Demand zone around 2,485.190 indicates strong buying interest if prices...

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Harmonic Patterns: Gartley Pattern The Gartley pattern, as you highlighted, is a five-point price formation. It's a powerful harmonic pattern for predicting potential market reversals. X: The initial move or trend, establishing the directional bias. A: First correction in the opposite direction of X, signaling a pullback. B: This leg retraces XA, typically by...