Wyckoff - E phase?I was wondering if I was missing out on something but it seems I had the right idea about entering the E phase. What do you think?
Wyckoff
DXY make a poor highCAPITALCOM:DXY make a poor high, and have potential to break it. i still don't see any aggressive movement on forex right now. but the break or fail to break will be something interesting to be traded.. let's see. noted we have COMEX:GC1! already broke high of 2 days balance.. that will be something to add with ..
FESX & FDAX go down as ES Gapped down Yesterday i watched CME_MINI:ES1! at 5,608/06 area so many buyers over there, but fail to follow through. ES Gapped down on Asian Session. COMEX:GC1! broke high of 2 days balance, and CAPITALCOM:DXY is melting down. Seems Gold is the hedge for the fear right now.
I am short on EUREX:FESX1! and long COMEX:GC1! for now.
WILL CRESCENDO CONT ITS MARK UP?This is a continuation from previous analysis of Crescendo (Refer Link Below)
As price Tightening Approaching the Creek, Supply seems to shrink.
All these occurs in the background of High /Huge Vol of Supply
PRobably this is An Absorption which is on going
(Hallmark of Absroption)
I am a bit concern with the Bar & its Vol on (Black Arrow) :
1/ 12 jun 24
2/ 28 Jun 24
- So far, demand still not showing interest overcoming these area
In view of that, i let the market to prove me wrong
Position initiated as attached
Pure Wycoff, Anything can happen
ITMAX CONT MARK UPThis is an Atypical Re-Accumulation pattern
1/ Price lingering around Buec Area
2/ Vol :
-Demand going In
-Supply Evaporating
3/ Bascially fulfilling all Wyckoff Buying Criteria
Thus, with the assumption that the price going to Break-Out Buec Area ,
Position initiated as attached
Pure Wyckoff, Absolute
**This is a Classic Wyckoff Plotting, Especialy with Creek , which was introduced whom considered as a legend among true wyckoffian, Bob Evan
***Probably the price will reach @ 3.17 before ChoCh (Change Of Character) taking place
SMRT GOING TO MARK UPThis is a pov from Pure Wyckoffian perspective
Few points why i am interested with this stock to trade :
1/ The line yellow marks the transition of from non trending to Trending environment
in which wyckoffian term as Change Of Character (ChoCh)
2/ The zone of contraction , in which David Weiss talks in - depth about it (Introduce by Toby Crabel)
-As pointed by Red Arrow
-This is the point where i iniated my Entry
3/ Yellow Line which indicates the Creek (Introduced and popularized by Bob Evans)
-breaking out of Creek, a typical of JAC (Jump Across The Creek)
in view of that, i attached my position
** Entry @ 2 points :
1/ rm 1.02
2/ rm1.08
Risk always be respected
Pure Wyckoff, Anything can happen
ABLEGLOB CONT ITS MARK UPThis is roughly idea in terms of Pure Wyckoffian View
at the moment, the area in which i circle (blue color), probably undergoing Re-Accmulation
-as evidence by volume : some of the huge supply has been overcome by incoming demand
-there is still room for the price to go up : 3rd Wyckoff law (Yellow Color projection line)
in view of that, i iniated my position today , as attached
Risk always respected
Pure Wyckoff
BTC behaves normally for onceFollow up to yesterday's post looking for a change of character (CHOCH) on the shorter timescales, having seen one on the Daily TF.
BTC Update, first time short? Watch to see why..This is an update to my earlier piece from earlier this month, where I was saying I had detected a bearish outlook.
PLEASE don't just sell it, look at the reasoning, and remember to wait for the Change of Character (CHOCH). It's not here yet.
Wisdom: Always wait for confirmation. be happy to miss trades that do not offer confirmation. yes, you can just sell levels, but it's better to be more discerning.
SBUX 1H Long Swing Conservative Trend TradeConservative Trend Trade
+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
Calculated affordable stop limit
1 to 2 R/R take profit after volumed zone
before 1/2 monthly
Daily context trend
"+ long impulse
+ 1/2 correction
- before volume zone"
Monthly context countertrend
"- short impulse
+ biggest volume T1
+ support level
+ manipulation"
Exit strategy:
SBUX @NASDAQ.NMS
Sell Limit 76.55, GTC
Sell Stop 73.76 LMT 74.69, GTC
TTE 1H Long Swing Conservative Trend tradeConservative Trend trade
+ long balance
+ ICE level
- above 1/2 correction
+ biggest volume 2 Sp
+ support level
Calcualted affordable stop loss
1 to 2 R/R take profit
Daily context:
"+ long impulse
+ 1/2 correction
+ SOS level
+ unvolumed 2Sp"
Monthly context:
"Trend Trade
+ long impulse
+ 1/2 correction
+ SOS level
+ support level
- historical high"
OCO 4A: Sell Shares of TTE Limit at $70.83 (Good 'til Canceled)
OCO 4B: Sell Shares of TTE Stop at $68.76 Limit at $69.19 (Good 'til Canceled)
SBER 1H Long Swing Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ SOS level
+ support level
- above 1/2 correction
+ volumed 2Sp-
Calculated affordable stop limit loss
1 to 2 R/R take profit
Daily context:
"- short impulse
+ biggest volume transitional extremum / T1
+ support level
+ biggest volume 2S-"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
SBER 5M Long Daytrade Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ SOS level
+ support level
- above 1/2 correction
+ volumed 2Sp+
Calculated affordable stop limit loss
1 to 2 R/R take profit
Hourly context:
'"- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp-"
Daily context:
"- short impulse
+ biggest volume transitional extremum / T1
+ support leve
+ volumed manipulation"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase
and has Volume Profile Normal Distribution Support
The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension.
Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern.
Trading in your plan with your faith,
C.Goii Super Trader
CVS Long Swing 1H Conservative Trend TradeConservative Trend Trade
+ long balance
+ support level
+ 1/2 correction
+ ICE level
+ volumed 2Sp-
+ volumed bullish bars
+ unvolumed bearish bars
Calculated affordable stop limit
25% 1 to 2 R/R
25% 1/2 of the daily range
25% Daily T1 level
25% Monthly 1/2
Daily context
"+ long impulse
+ T2 level
+ support level
+ 1/2 correction
+ exhaustion volume below"
Monthly context
"- short impulse
- unvolumed T1
+ support level
+ biggest volume manipulation"
LINK- Re-accumulation w/SpringBIST:LINK
Is a Wyckoff Re-accumulation w/Spring about to jump the creek...?
BTC Distribution Scenario - Revised timingsUpdated Bitcoin scenario - mapped with new, extended timeframe.
It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.
Several elements support this structure are worth noting:
- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.
While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%
The scenario assumes that we are now well within Phase B, past the Sign of Weakness (SOW) below initial support (target price was GETTEX:59K but final SOW was closer to $56k) and we now move into the Upthrust (UT), target is $75k BTCUSD.
If this scenario holds true, the potential new Bitcoin ATH comes early August at around $80k.
Best, Hard Forky
Initial Scenario Mapping:
TM Daytrade M5 Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ volumed transition extremum / T1
+ support level
+ volumed manipulation
- no trading signal (last M5 of the day)
Calculated affordable stop limit
Take profit $205.59
Hourly context:
"- short impulse
- unvolumed transitory extremum / T1
+ support level
+ volumed manipulation"
Daily context:
"+ long impulse
- biggest volume on top
+ T2 level
+ support level
+ volumed manipulation
- 1/2 correction?"
Monthly context:
" + long impulse
+ SOS level
+ 1/2 correction
+ support level
+ weak approach
+ volumed manipulation"
OCO 4A: Sell Shares of TM Limit at $205.99 (Good 'til Canceled)
OCO 4B: Sell Shares of TM Stop at $201.58 Limit at $201.70 (Good 'til Canceled)
TGT Swing 1H Long Conservative TradeConservative Trade
+ long impulse
+ Daily 1/2 correction
+ T2 level
+ support level
+ 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context:
"- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp+
+ weak test
+ 1/2 correction"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ close to 1/2 correction"
TGT @NYSE Bought Market, Day
Profit Taker Sell Limit 150.02, GTC
Profit Taker Sell Stop 144.77 LMT 146.70, GTC
TESLA IS REALLY BOTTOMINGBased on my previous post, looks like it is what i was expecting
I have been actively bought tesla for the past few days
For the short term view, the latest price action (the Black color line), was a sign
that the price structure has been on going for a change of character (ChoCh)
-this might be a sign that the next path will be in an uptrend
With influx of Demand Vol & Combination of 3rd Wyckoff Law, i am long for Tesla
Absolute Pure Wyckoff
Bitcoin: Wyckoff TheoryAccumulation or distribution? An important question which comes to mind at this spot.
Wyckoff's theory was simple, accumulation occurs when larger participants are bidding supply, while retail & soft spoken traders are taking profits. With a little socio-economical understanding; a very-viable-variable here. People like to spend in the summer, the only issue is.. they spend what they have, not what they borrow! Now, in a distribution phase, you can assume what happens. Larger participants offload previous bids into soft spoken buyers hands, and exit the market in due size & time... Let's give a little thought here - If Blackrock was buying throughout 30's to near now... would they sell? would they let themselves become other's exit plan? An independent decision to make on their side.
Wyckoff’s concept of the “Composite Man” has been idealized as a guiding 'radar' in the markets, a “Composite Man” should and will lead the markets, allowing soft spoken traders to factualize the understanding of order flow, liquidity preference & the demand for money. His personalized idea of a 'market maker' explains how anyone can determine meaning, curvature & limitations in the market that is being rationalized. The methodology provides a framework to visualize & grasp how liquidity is utilized. Highlighting potential zones for reversals, different phases, & driving actions of market makers.
As Bitcoin progresses through this range, our deviation will get narrower; resulting in a larger move in either direction. Lingering through summer while the euphoria lasts seems best fit. Which then would either drop off a cliff or rebound back, into the cold winter. The time-price opportunity here suggests this will happen before the end of summer, thus saying if we do reach the $63,000-$64,000 level from here by mid June, the likely-hood of a large move will become exponential. Versa, in hopes this is an accumulation phase, seeing $80,000 would give me the confidence to say.. buy more alts & hold on. It would be nice to see Bitcoin push for the $100,000 level, we all want cheaper prices, though I hope in the end we all want a greater world to live in.
Who's your exit liquidity?
Index:
preliminary support (PS)
secondary test (ST)
sign of strength (SOS)
automatic reaction (AR)
sign of weakness (SOW)
XAU Nearing End of DistributionExpecting XAU to be bearish for the mid-term.
**Please click on the chart for reference.
Using Wyckoff Theory, we are nearing the end of the distribution cycle. There's always the possibility that price could push back up through the top of the trading range with a UTAD. If price breaks through the TR support and retests it as resistance, I'm expecting the downtrend to start at that time. If price does not break and retest support, I'm expecting it to travel north through the TR to make a new high (test of demand) before selling off. Current structure and technicals don't necessarily support the second possibility but I'm throwing it out there as a "possible-maybe".
I currently have a small short position with short term targets of
TP1 @ 2278.04
TP2 @ 2243.76
TP3 @ 2187.09
MICRON GOING TO CONTINUE MARK UP
Continuing from my previous analysis of Micron (Refer to the link below)
i noticed the spring which formed @ 31/5/2024
Spring in an uptrend, is a very strong indicator in wyckoff methode
Plus, the depth of penetration was just a 'fine penetration' in which exactly suit the characteristic of A Genuine Spring
With that informations, i added position @ $128 today
Pure Wyckoff
