GBP/JPY BULL! Wyckoff reaccumulation schematics!Hello my beauties.
It seems to me that GBP/JPY is reaccumulating.
The arrows indicate a rough idea of what I think the price action will provide us with, and they are not to be taken as an accurate forecast of what I think will happen.
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Peace.
Luca, TrickleDownFX
Reaccumulation
XRP/USD WYCKOFF REACCUMULATION!Hello my beauties.
I think the price is leaving support and reacting to the buy zone very nicely.
After a spring, we'll normally get a SOS (sign of strength) and subsequent retest of the range, before the price goes on to generate a powerful markup.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
IS TESLA DISTRIBUTING? OR REACCUMULATING?Hello my beauties.
I think TSLA is going through an interesting phase. It broke the trendline that led it to its all time high, and the sellers came in strong, stunning it sideways. For us to fully understand what is happening, we'll need to wait for some more price action.
However, the following scenarios are possible, in my opinion:
1) TSLA will give us a nice UT (upthrust) off the higher end of the trading range, and we'll know that a distribution is happening, with the subsequent downtrend that will result from it;
2) TSLA will spring out off the lower end of the TR (trading range) and give us a nice uptrend continuation.
The bias for now is neutral, as we wait for price action to give us further indications. It is something that I'll be keeping an eye on.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
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Peace.
Luca, TrickleDownFX
GBP/USD POSSIBLE LONG SCENARIO! WYCKOFF ACCUMULATION SCHEMATICS!Hello my beauties.
I believe GBP/USD might be reaccumulating after breaking a very long term downtrend.
I will be longing in case the prices breach the range to the upside. For more aggressive traders or range traders the opportunity is here already!
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
XRP/USD WYCKOFF REACCUMULATION!Hello my beautiful traders.
XRP/USD is going through a phase of Wyckoff reaccumulation, in my opinion. I will not take the trade until I find myself seeing a confirmation in the SOS (Sign Of Strength) that would lead prices above the red trading range.
If that's the case, I would take my entry on the breach and retest of the range itself.
For the most aggressive traders, now is a good time to enter! I personally wait for confirmation.
I suggest you go take a look at the Wyckoff trading strategy yourself, here's an helpful link:
school.stockcharts.com
Drop a comment below if you'd like me to analyse a pair that you're interested in!
If you found this idea to be educational and/or helpful drop a like and follow.
Peace.
Luca, TrickleDown FX
ALGO/USD WYCKOFF REACCUMULATION!Hello my beautiful traders.
I think ALGO might be very close to exploding beyond its range.
I will take a long position once it has broken above the range evidenced in red and retested it. The desired area is the one in green.
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Peace.
Luca, TrickleDownFX
<TradeVSA> SPSETIA - Pullback from Pocket Pivot ?Sign of Strength in the chart:
1. Reaccumulation with Shakeout
2. Green Pentagon + NS signal to confirm the support level
3. Pocket Pivot
4. Potential Pullback...potential NS signal again?
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
USDCHF REACCUMULATIONThis pair loves to consolidate but when it moves expect some nice pips.
I put a little time and thought to see the kind of consolidation this might be. To my eye, It looks more like a reaccumulation inside a larger re-accumulation.
I understand price makes repeated patterns in different time frames.
If this were to be the case then a 1:16 ratio isn't that bad.
This looks like a Wyckoff Re-accumulation... Wen Distribution?Bitcoin looks strong today! We've left the previous range, but are likely to see a retest of it's top before it's price can move higher. We may see it range between 48k and 46k for a few days. Who's feeling lucky? Hit like and comment if you found this post interesting.
Berkshire Hathaway Inc (BRK.B): Sign of StrengthAnalysis Forecast:
Expect to trade higher, 1st target at US$293
Analysis is For:
Single Stock Tactical Allocation
Swing Trading - Generate Portfolio Alpha
Supporting Technical Observations:
1. Sign of Strength (large volume on buy up day)
2. Fund Flow Index (FFI) Turned Positive
3. Relative Strength Turning but Needs to trade above Zero
Stop Loss
If BRK.B breaks below 14Days SMA, expect trend return to consolidation or turn bearish
Point Of No Return!Alright people, are you ready to meet my bull face? I never actually removed my laser eyes anyways :))) There's a bull inside of every bear and vice versa!
Let's start with, the bad news:
Redistribution is invalidated, no more 20k in the horizon. The rally from 30k has set the end of redistribution scenario which has always been the possibility and this also means the whole time we were in accumulation, just like i first started the analysis of this series.
Look at my very first wyckoff accumulation analysis:
I didn't even know about redistribution back then and even called this incorrectly as reaccumulation, see how far we come :)
Good news is that the structure is now much clear. Especially by the help of my infamous indicator TOTT, which has printed the first buy signal since selling on April 24th. I trust it, because i have been backtesting it for 6 months, maybe more. This is the wake up call for me and I'm pretty confident that we are going up soon. (Last words LOL :)
The primary accumulation is ended with the streak leg up and now, we are in a smaller reaccumulation which will take us to the demand side of the newly forming uptrend channel. It will take us till late August to break above 40k and start a new leg up all the way to 60k levels and another reaccumulation to resume the trend towards 80k where the distribution starts playing with the preliminary supply event up until 100k.
Let's look at the p&f chart for the accumulation count and price objective
Copy this Open4Profit! (The guy who copied my previous p&f analysis and presented as his own. Glad that idea went bust :)
To sum up, we are going to 100k in 4 easy steps:
Step 1 / 35-41k Reaccumulation / 41-59k Markup
Step 2 / 59-65k Reaccumulation / 65-77k Markup
Step 3 / 77-83k Reaccumulation / 83-89k Final Markup
Step 4 / 89-100k Distribution & Blow Off Top
And then you'll have a very big problem on how to spend your money till the next bull cycle :)))
It's ofcourse too early to set the boundaries of channel as it has yet to make the down move, but this is the opportunity right now for us to buy the last point of support.
THIS WILL BE THE POINT OF NO RETURN!
My target entry points are split between these support levels with different asset allocation.
37.300 - Monthly support (May Close)
36.500 - Bottom support of new trading range
35.800 - Additional step between spring and support
35.200 - if a spring type action occurs
I see sub 35k highly gone forever Laura.
Starts are aligned, limit orders are set, waiting to get filled. If, we don't go down to these levels, i'll buy the breakout anyway.
My previous target, the breakout above 41.330 is still valid, BUT if it happens today or too soon before going down first, it would most probably be a trap to shakeout the weak hands. So, if you already bought here, you need to hold on tight and move your stop loss lower around 30k if you don't want to get liquidated.
If you want to buy the breakout, wait until this consolidation ends, in the meantime enjoy lower prices whenever you can. That's what i will be doing.
I wish we went down further and took the chance, but this bull cycle seems to be a double top scenario like 2013.
So here you are, going to the moon :)
Best.
USDCAD MAJOR RE-ACCUMULATIONHello my fellow traders. I hope you have been having a good time with the charts
I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views.
If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out.
Possibly we might see a reaccumulation with a spring unfold. This provides us with more opportunities to stack our orders with the whales..
Its still too early to tell but as we wait lets see whats in store for us
BTC big move confirmed. SOS pending? As mentioned in my previous post, I knew a big move was coming.
This move was big. It is as strong as when the price moved to £64,000 the current BTC All time high.
It is too soon to start talking about a long term reversal but this defintiely was a short term reversal.
I have attached a Wyckoff setup and from my intuition a SOS could be the next thing on the cards depending how the price holds at these key resistance lines.
<TradeVSA> Strong VCP Setup. Ready for Breakout?Sign of Strength in the chart:
1. Re-accumulation with VCP
2. Effort bars above 20/40ma
3. NS Signal
Stocks to monitor:
1. EWEIN
2. Censof
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Re-accumulation Completed with NS - CapitalandSign of Strength in the chart:
1. Reaccumulation with Double NS signal
2. Breakout above resistnace
3. Potential Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Another Pocket Pivot in Scientex ?Sign of Strength in the chart:
1. Re-accumulation
2. Several effort bars with Green Pentagon
3. Pocket Pivot
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Potential Shakeout in PASDECSign of Strength in the chart:
1. Re-accumulation
2. 3rd Green Pentagon
3. Monitor for shakeout and effort bars
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Pullback from Re-accumulation - KARYONSign of Strength in the chart:
1. Long period re-accumulation
2. Pullback
3. Shakoeut
4. NS signal at support (weekly chart)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock