AUDCAD Formed and completed near perfect re-accumulation trading range breakout this week. The range buying climax occurs back on the 19th September, a near perfect retest of the daily SMA creates spring revealing the last test of demand with price immediately rallying 80 pips to close on top of “signs of strength) in Phase B.
#WyckoffMethod Reaccumulation trading range is a BUA sitting on top of a previous accumulation, looking to initiate a long position as strength builds up in Phase D on the breakout of the re-accumulation trading range
#WyckoffMethod #TapeReading #TrendAnalysis #Forecast #BitcoinSignals As Bitcoin completes the 'Spring' action in Phase C of the 'Price Structure' which acts as the 'last test of the demand' price advances into Phase D of the trading range. We now want to see a 'Change of Character' with a 'major sign of strength' confirming Phase D and giving us the opportunity...
#WyckoffMethod #TapeReading #BitcoinForecast Bitcoin is trading in a re-accumulation local trading range. Price Structural Analysis tells us we are currently most likely in Phase C as price is 'testing the lows' of the trading range, forming and accumulation structure of which it is currently looking to breakout. These characteristics of the price action are...
SOS Appearing local accumulation major sos characteristic of phase d starting to appear looking for points of entry
This local trading range occurs at the resistance of the greater trading range so there is a strong change if reversal.
As can be seen in the 15 minute chart, the volume profile point of control is centred in the middle of the Active Trading Range and price is building 'cause' in Phase B. At this point we have both a spring and price subsequently trading higher in Phase B therefore the balance of trading so far in this phase is neutral and there are no clear indicators of...
#WyckoffMethod #BTCUSDForecast Following on from yesterday's trend analysis the reaccumulation trading range on BTCUSD is beginning to take shape (most prominently) on the 15 minute chart (30 minute chart shown) where the POC is within the centre of the trading range. Irrespective the 30 minute POC (shown) is acting as support confirming the bias of the trading...
*note the POC on the 'Springboard' confirmation of an accumulation after breakout > retest and continuation price action that develops at the end of the structure and advances with multiple sos of strength to the top of the trading range in perfect character of Phase C to D transition which reveals the CHoCH as price looks to exit the trading range. #Wyckoff...
#Wyckoff #TrendAnalysis #BTCForecast BTCUSD is currently in Phase A of of local re-accumulation trading range. Looking to initiate long position in Phase D of the current active range. The location of the price is the first pullback / test of the spring in Phase C of the greater trading range. I would like price to washout and test the spring with a deep...
4 HOUR CHART EURCHF Continuing with the trend as expected. The greater trend timeframe has the market trading in a re-accumulation trading range. Price has pulled back from the top of the trading range (after completing multiple UA's which are in and of themselves 'signs of strength'), and is currently travelling in the direction of the bottom of the trading...
Gold is currently trading in Phase B of a bullish re-accumulation structure. Although I am uncertain as to which 'Scenario' (A or B on the chart), will play out, I am certain on the overall direction of the market based on the greater trend. The greater trend is up, we are trading in a higher trading range. Price may test the top of the previous range and confirm...
Trading range A and B have an median range of 10%. Trading Range A was 66 days to completion Trading Range B is 63 days old and still underway Trading Range B appears to be completing a 'Spring' meaning that the intermediate trend appears to be reversed and price will now advance to test the top of the trading range. Depending on the character of this...
Currently trading below the daily SMA in an uptrend, waiting for price to show signs of a reversal in the daily structure by testing or crossing the SMA prior to what would appear to be phase d of an accumulation structure on the daily or 4 hour timeframe. #Wyckoff #TapeReading Wyckoffian Trend Analysis
The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of...
The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of...
The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of...
#Wyckoff Method. The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous...