Short opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level. This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there. The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better...
AUDUSD is in a very visible trading range. In such conditions, Stochastics can be of great help. In this case, just wait for the price to enter one of these zones. It would be best if the Stochastics is in the overbought or oversold zone, but the price will be enough. One option for entering is to wait for a trigger bar and then pay with a wider stop loss. A bit...
That can be a valid entry for an Upthrust from an obvious support/resistance line. Previous high taken and price reverses. Some people call this a fake-out, you can see it as a double top in a downtrend. It's a matter of interpretation. The longer target is the 1 to 1 AB = CD shown in the chart. Higher timeframe confluence: Daily is below 10 EMA although overall...
Longer term direction: 4H chart is in a downtrend, with a visible Resistance level where we try to enter. Also, the daily chart has 10EMA below 20EMA. Potential Wyckoff Upthrust with a good Outside bar for entry at the 2H chart that can give an excellent risk-to-reward trade. Target1 is 1 to 1 move or the nearest low and Target 2 is the 161% Fibonacci...
The Story: We are in a very messy range We had a False Break After the false break Plutus produces a Wyckoff Up-Trust Signal and a PRS (Plutus Reversal Short) Then another false break 90 pips so far from the signal entry (approaching resistance levels now) Enjoy! Learn to Read and Trade any Market
Every chart has a story and this is the recent story of this one. The indicator did not produce a WU signal but if you know how to read your waves together with Speed Index this is a Wyckoff Up-Thrust. The Story: After the Longs from the exit form the range we have hit the Fib with more longs and this is where I mentioned to get profits out of some of them. ...
The bigger the timeframe is, the bigger the move it may produce. Therefore, it can be good practice to define the direction of the price and your trading based on where and how things develop on higher timeframes. Another reason to use timeframes with bigger resolutions for the confirmation of your decisions is that a trade setup on one particular timeframe is...
The price action is telling me that the next macro swing-downward, probably the last leg-down of this cyclical bear market is igniting. Now, after a retrace of the "thrust-false break" to the weekly supply in an greedy extensive wave v, the shape of this retracement triangle is indicating a reliable reversal point. On the other hand, the bears are slowly taking...
Gold is showing some MACD Bearish Divergence at the PCZ of a Bearish Butterfly while at the same time the RSI seems to be thrusting it's way upwards, but the thrusts we get up in price are shortening as we trade into the Pattern Completion Zone of this Bearish Butterfly. If things go as expected, we will see Gold reverse big from here and likely undo the entire uptrend.
USDJPY falls due to the fact that there are very clear reasons, there is a negative in the chart, the first reason for breaking the DeMark trend, and the second reason there is divergence with RSI and MACD, and the decline will continue.
BTC has recently rejected at the $25,000 level with a SPRING candle or UPTHRUST Range as shown on the charts. This is a very good chart for playing level to level, multiple DEVIATION levels. BTC also has a Diamond on the 4H TF. We either hold $24,000 and target $28808 that was broken and never retested, or we dump and make a new LL with the Diamond...
BTCUSDT Wyckoff's UpThrust. Institutionals in command (bulltrap)
This is a lesson on how to find good short scalp opps after strong moves into a resistance area. Wait for signs of weakness and look for some of the following things... 1. Upthrust through LTF resistance 2. Strong sell volume on rejection 3. Hz support break 4. Bearish Divergence All of these were met on this trade (H1 TF showed bearish...
Hello my beauties. I think S&P500 has entered a phase of distribution, volatility has increased strongly and the price seems to be reacting to a newly formed range. 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...
Hello my beauties. The pair seems like it'll be facing quite a bit of weakness in the next weeks/months, according to Wyckoff schematics. 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
Hello my beauties. I noticed that USD/ZAR will most probably go through a phase of short term strength before marking down, after these very long term distribution schematics are completed. 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...
Hello my beauties. I think HP might be accumulating. The range is clearly defined, but we need to understand whether this was a spring or a sign of weakness. Regardless, we will wait for the price to react to the top of the range by whether breaking it and retesting it successfully, or by breaking out and quickly recovering beneath the red line. If you find this...
Hello my beauties. It seems to me that EUR/JPY is in a phase of redistribution. 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. Remember I'm not suggesting you should take a position, but verify the idea and monitor price in the indicated...