Take Solutions + Wyckoff Model - LongHere we come across Accumulation phase as specified in Wyckoff Model. As per the model one can take a long position in Take Solutions. The details of the model is described below.
The four stages of Wyckoff model (Accumulation Scheme) are: -
1. Phase A
The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume. The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move.
At Selling Climax (SC) the intense selling activity slows down and comes to an end. But as the selling drops the price quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. While the ST often forms a higher low in relation to the SC, that may not always be the case.
2. Phase B
Phase B is the consolidation stage, in which the Composite Man starts accumulating the assets at its lowest possible fair value. During this stage, the market tends to test both the resistance and support levels of the trading range. There may be numerous Secondary Tests (ST) during Phase B.
3.Phase C
During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., he accumulates greater amount of shares. A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings. In some cases, however, the support levels manage to hold, and the Spring simply does not occur. Still, the overall scheme continues to be valid. Incidentally in the above case we do not find a Spring.
*See the tremendous accumulation of stock as is evident in volume. However the price shows sidewise movement. The buyer wants to buy maximum shares in a slow pace without letting others know about it.
4. Phase D
Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E.
Phase E
The Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts. As of now Phase E has not started. Since we are at Phase D hope Phase E starts soon.
*Now we are in the accumulation phase.
Wyckoff’s Composite Man Principle – Relevant to above theory
The Composite Man,proposed by Wyckoff in reality, represents the big players in the market such as rich individual and institutional investors. He states that the Composite Man, in theory, acts behind the scene and manipulates the market to the disadvantage of the traders if they do not understand the market game. Conversely, it acts to traders’ greatest advantage if traders truly understand the market game. Wyckoff always wanted retail investors to trade just like the Composite Man who acts in the below mentioned manner: -
(i) Accumulation
The Composite Man accumulates assets before most investors. This phase is usually marked by a sideways movement. The accumulation is done gradually to avoid the price from changing significantly.
(ii) Uptrend
When the Composite Man is holding enough shares, and the selling force is depleted, he starts pushing the market up. Naturally, the emerging trend attracts more investors, causing demand to increase.Notably, there may be multiple phases of accumulation during an uptrend. We may call them re-accumulation phases, where the bigger trend stops and consolidates for a while, before continuing its upward movement.As the market moves up, other investors are encouraged to buy. Eventually, even the general public become excited enough to get involved. At this point, demand is excessively higher than supply.
For more information look in the comments.
Wyckoffaccumulation
USDCNY to Fall Towards the Lower End of the Accumulation The USDCNY continues to find itself in a solid downtrend. This is illustrated by the ADX indicator, which has been threading above the 25-point benchmark since late September 2020.
The ADX reached a peak around the time the price action fell to the upper boundary of the last Accumulation range at 6.4700. Afterwards, the price went on to establish a false bullish rebound.
The latter materialised in a Dead Cat Bounce pattern, which typically represents a temporary break in the development of a broader downtrend. The pattern failed to strengthen above the 20-day MA (in red), which is why the USDCNY was then able to break down within the Accumulation range.
That is why the strength of the underlying Markdown - an essential component of the Wyckoff Cycle - appears to be waning down, as underpinned by the ADX indicator after February 2021.
This represents an early signal that the USDCNY is once again getting ready to consolidate in a new range. Before this can happen, however, the price action looks poised to fall to the Accumulation range's lower boundary at 6.2650 once again.
Very time sensitive data about current Bitcoin Dump!(In Persian)BITSTAMP:BTCUSD
BINANCE:BTCUSDT
Hi ,In this video I discuss about the current Dump , potential moves of the price in immediate short-term , symmetrical Triangle Breakout and Wyckoff's accumulation pattern in action.
For more reference check my other videos about this Wyckoff's accumulation pattern :
If you found this video helpful like and leave your opinion about the current situation in a comment and follow me for more!! tnx🤞
BTCUSD 4h. Update on Wyckoff's Accumulation PhaseHi everyone,
Thank you for considering reading my idea.
This is a continuation update of my previous idea of Wyckoff but this is on 4h timeframe instead of 1h.
In this 4h chart, we had our Selling Climax (SC) at 33K then an Automatic Rally (AR) going up to 39K. We also formed another resistance at 40K. We had our secondary test (ST) at 34K that is somewhat near our SC at 33K.
Currently, we may be in the middle of Phase C. We hope to see some Spring action at 31-32K - then bounce from there; get a test on one of our support lines before going up and see signs of strength (SOS).
What does it mean to get a Spring or Test?
From wyckoffanalytics.com, it says that large operators or institutions will test the market for supply throughout a trading range (TR). A spring is often followed by one or more tests; a successful test typically makes a higher low on lesser volume.
If you want to compare the Accumulation Schematic #1, view it here: www.wyckoffanalytics.com
If you want to know more about Wyckoff Method, read here: www.wyckoffanalytics.com
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
NIO - Potential Wyckoff Accumulation (P&F Target Inside)Since the distribution happened in Feb 2021, NYSE:NIO has formed a selling climax (SC) on 5 Mar 2021 followed by an automatic rally (AR), which defined the trading range.
The selling climax comes with increasing of supply after reacting the earning announcement and even broke below the support at 40. Yet, there is no follow through to the downside. Instead, a trading range has formed.
A lower high has formed within the trading range despite increasing effort (volume) to the upside, suggests that there is presence of supply. The down wave from 27 April till 23 May created a second point of fear (sort of) with localised increased of supply and spring below the selling climax low.
The spring comes with increasing of supply and has been tested with a higher low and decreasing of supply, which is a successful test.
Supply has been decreasing throughout the trading range is a bullish character.
A commitment bar showed up on 24 May 2021 followed by a potential sign of strength rally. Right now, the price stalled at the resistance area with possible supply absorption characters. A commitment above 43 could suggest a start of a markup phase to test the upside target of 50 based on the point & figure (P&F) projection, as shown below.
Based on the first segment (highlighted in green) with count line at 31, NIO has a minimum target price of around 50 should it commit above 43. Higher target can be estimated should the first target at 50 hit.
Failure case: a break below 39 could suggest the timing is not yet ready, and more time to be spent within the trading range.
AUDCAD -- can you reverse, please?Having reached a key level, AC is expected to accumulate long positions for another run towards a Higher High. After a long accumulation we finally see a rally after the Spring. All we need now is multiple levels to be broken to the upside. I have indicated the most probable reversal zone. Worth keeping on your watch list especially for swing traders. GL
$BTC Wyckoff Accumulation Phase - Scenario 2Here is a brief theory of mine on where we are right now if we really are in an accumulation phase of the Wyckoff Method.
In this scenario, I believe we are early in phase B and will be in for a wild ride over the next couple of months while we utilize the whole range created in January. Hopefully, this will end sometime between mid-June and mid-August, then we can resume the Bull market.
I believe this is the more likely scenario. I will be including a bearish scenario as well.
These are my 1st publications. I am a relatively new trader, so take this for face value only. These are purely thoughts, and I would like to hear any productive feedback you may have.
COINBASE:BTCUSD
Elon's Tweet or Obvious Price Action ?This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective.
BTC failed to break its resistance - indicating an inevitable downward movement.
Then came Elon's tweet, catalyzing the downward momentum.
I don't really think his tweet had much to do with this drop as TA already told us to expect it.
I view his tweets as catalysts to what is already expected as per TA.
On the chart, I've delayed the time estimated to reach "spring".
Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term.
My ideal price movement is marked in green.
Comments and criticism welcome
ICPUSD 8h. Wyckoff Accumulation - Phase BHi everyone,
Thank you for considering reading my idea.
Since the launch of ICP , the value of ICP against USD has been declining. If we try to plot the current price actions to the Wyckoff Method, we get this analysis. Just a disclaimer that these signals may not be accurate. There are several ways to plot the signals as the price action is not yet complete.
First, we have our Selling Climax ( SC ), and we immediately got our Automatic Rally (AR). We tested our SC called Secondary Test (ST). As of now, that's all we have.
What are we expecting?
We expect the price to go up the SC for a brief time then get a Spring action and we need to get up to test our support lines. Once supported, we should have our Sign of Strength (SOS) where we break our resistance line from AR, then we test it again to confirm so that we may continue to go up to Phase E which is the Markup Phase
Like this idea and follow me for more analysis like this.
Cheers,
Juvs
3 Jun '21: DXY - Wyckoff on Wyckoff [D]There appears to be a short-term Wyckoff accumulation riding the front of a longer-term accumulation. While yesterday's pump seems premature for a "Spring" move, and we may even get a small, short-term dip in the next few days, momentum appears to be building for a big move up in coming weeks. The monthly support level, last visited in Feb., '18, seems firm as June begins.
BITCOIN 😲 Wyckoff Accumulation 👍 Still in ProgressFinally, Bitcoin flips the 1H 200 EMA to support. A few bullish volume spikes show clues that retail traders may be flipping bullish. Just need more volume now.
✅1) Need to flip that 1H - 200 EMA to Support
🟡2) Volume should start increasing as retail traders take positions.
🟥3) Price needs to get to the $23,000 Resistance Line
🟥4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... 🔥🚀
Wyckoff Accumulation Test Confirmed USDCADHello Everyone!
Yesterday I shared my idea on Wyckoff pattern being formed in USDCAD.
This new idea is to let everyone aware that the Test has been confirmed and I expect the price to start making higher highs, starting Phase C of the Wyckoff Accumulation.
In Phase D the price should brake the resistance. I hope the high impact news from USD help the dollar move up.
I have a few entries right now near the Wyckoff Spring but I plan on adding more as the price continues to move up.
Feel free to share your ideas below.
Bitcoin Wyckoff Accumulation 1H Last Point of SupportAs predicted bitcoin got rejected at the 38k yesterday, however after being rejected it flipped the previous resistance of 37k into support. After finding support on the 37k in combination with the 0.66 golden pocket fibonacci retracement of the very first wave after this we got a price increase and an increase in volume when we broke through 38k. We are currently close to reclaim the 39k, however, I think it is more likely to retrace back to 38k and test the previous resistance as support now. This is also supported by a .786 fibonacci retracement of the first wave and a .382 fibonacci retracement which provided support before. When the price holds above the 38k the likelyhood of breaking 39k and going for the 40k is much higher.