Get started

Wyckoff

MATIC - Shift In Momentum - Practical Example 📚Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. The MATIC H4 chart has captured my attention due to its intriguing momentum structure shift. 📉 Following its rejection from the 0.9 - 1.0 resistance zone, MATIC has entered a bearish phase, marked by lower lows and lower highs— a classic MarkDown phase . However, a noteworthy observation is the diminishing size and flattening of the impulse movements. According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff. Presently, MATIC appears to be consolidating within a significant range, spanning from 0.65 to 0.7 — an evident Accumulation phase. 🏹 For the bulls to take over, and the MarkUp phase to start, we need a momentum candle close above 0.7 zone marked in green. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard
M
by TheSignalyst
21
BTC 230127 Outlook on D chartThere's not a large amount of institutional money in BTC. Due to this, I use a loose interpretation of Wycoff paired with Elliot and Fibinocci. I feel we established a solid floor for potential Wycoff phases to play. I feel we swept the liquidity built by early buyers. While this spring was atypical, it did provide a perfect grab for sellers who believed we would continue deeper. The textbook setup was there, but the volume showed a different story. Just as much buying volume and some last-minute consolidation. This would be aggressive entry levels, and I felt there was a fake CHoCH to keep sellers fooled. This was a beautiful area for bulls to accumulate. Further proof of this came when the impulse wave began. I do believe it is too early to draw Elliot waves. I want to see this impulse finish. Should it finish here, I expect us to head back to the ST zone. If note, we continue up to the next high.
GEMINI:BTCUSDLong
by pipdrifter
Will EURJPY Consolidate?The recent correction seems to have dived a bit too close to short-term support. This raises the question, were institutions building liquidity to continue bullish momentum, or are we seeing signs of diminishing demand? The answer will be determined by the ability of the price to break out of the trading range with enough volume to sustain a clear direction & momentum. It is worth noting that volume levels are currently dropping indicating Effort < Result, whilst the price is still floating above short-term support levels (As seen by the double bottom). This doesn't provide a lot of confidence for buyers. However, since there are no confluences (from my view) of sell pressure, it looks like we'll be heading sideways for some time unless we can receive a significant increase in buyers to continue the uptrend.
by JadenAlexander