Wyckoffaccumulation
Long EURAUDI've been holding this trade for quite some time now, but NOW price is definitely going up!
school.stockcharts.com
Price was conveying a Wyckoff model. Selling Climax, Secondary Tests, and Spring had already happened.
First I was waiting for another re-test, but price just created a bullish engulfing pattern, so another re-test is just unlikely
Alright, hope you like my analysis guys, and happy trading.
Look for long entry on USDCHFWait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a BUY limit.
Wyvkoff - Basic Scheme of AccumulationNearly 100 years ago, Richard D Wyckoff born in the 19th century was a famous stock trader and investor. Wyckoff developed and carved out a revolutionary and ground breaking methodology which interlinked the institutional activities and large organisations to price movement within the chart. Wyckoff’s method and edge is based on logical reading of price action and volume.
The Wyckoff method provides traders and investors with the tools, knowledge and ability to exploit markets movements consistently, whilst minimising risk exposure and aiding capital preservation, across multi-asset classes.
The Wyckoff methodology provides the opportunity to select high probability trading opportunities with a solid reward/risk
The detailed image / graphic is a typical 'basic scheme of accumulation focusing on the Phases and different key metrics / elements that make up all of the moving parts.
PS = Preliminary Supply
SC - Sellers Climax
AR =Automatic Reaction
ST = Secondary Test
UA = Upthrust Action
ST as SOW = Secondary Test as Sign Of Weakness / Sample of Weakness in test function
SP = Spring
Test = Test Spring
LPS = Last point of Support
BU = Back Up
BUEC = Back up to the Edge of the Creek
SOS = Sign of Strength
Best Regards
Phantom
0x- Dex tokens go up with DeFi goldrush! Long it in the buy zone unless the breakout fails and the price falls below the invalidation lvl.
0x (ZRX) & kyber network (KNC) are two of the older DEX tokens (Decentralized exchanges) and they are both on Coinbase. Whereas, Balancer (BAL), airswap (AST) and other DEX token s are not.
ZRX is still under $1 and unlike KNC which has gone up 10x already, it has "only" gone up 2x this year. Furthermore, its spot trading volume is consistently ranked among top 10 DEX (Uniswap doesn't have the native governance token) and its token, in terms of trading volume, is consistently ranked in the top 5 DEX tokens.
The only thing to watch out for is its market cap... Yes, in crypto, 300 million market cap means large cap and speculators had the penchant for driving up the price of low market cap tokens between 50 to 100 million back in 2017.
I expect the Defi gold rush and liquidity farming to continue carry DEX, lending and oracle tokens at least in the near future.
USDCAD Wyckoff Accumulation Hello Traders! in my Previous USDCAD post i gave sell from 1.3530 and Target was 1.3230 and It Hit the exact figure of my target. This was the same strategy that i used in EURUSD and AUDUSD trades in last month which gave us huge pips with perfect entries(I have added the carts below).
After hitting the target i waited for triangle pattern to trade upmove now you can see it has formed triangle pattern and now i hope it will reach the AR level perfectly.
Don't forget to hit the like and Button and follow to stay connected
Trade to ST in Phase B level
EURUSD
AUDUSD
XAUUSD GOLD - Beginning of WYCKOFF ACCUMULATION?If you search up the schematic for wyckoff theory we might be looking at the beginning of the accumulation cycle
Wyckoff Accumulation Event - Phase E (Textbook Trading Patters)"Phase E: In Phase E, the stock leaves the Trading Range, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level Trading Ranges comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These Trading Ranges are sometimes called “stepping stones” on the way to even higher price targets."
Feedback below is welcome. Lets have a chat.
Usdcad LongIts not quite ready for the long big buy im expecting which will be during the "Spring and Test" according to the Wyckoff Theory.
Ziliqa In Wyckoff Re-Accumulation Phase DWyckoff Method is useful for understanding the big picture of market cycles.
The simple version has been popularised in the crypto community showing the downwards trend market leading to despair and capitulation... then rising to the highs of a blow-off market cycle top.
Some analysts believe the next cycle high will occur end of 2021.
As market conditions change, our trading style should change to accommodate.
But what most crypto analysts miss are the smaller Wyckoff accumulation/distribution phases that are constantly happening across all markets.
In this ZILUSD chart we can see a general outline for the 5 phases of Wyckoff analysis. Ultimately the pattern is only fully confirmed at its conclusion, just when a new upswing begins (Phase E), and we attempt to identify where phases C and D begin and end as the price movement progresses.
The goal is to not get mixed up with manual trades during phases B, C or D as that's where a lot of traders seems to erode their account by selling bottoms and re-buying highs. The best risk/reward opportunity is in phase E before the next mark-up phase.
So far with ZILUSD it appears we have now concluded a phase C with the secondary test, and began phase D which should show a step-by-step price increase to retest resistance.
We'll cover more on Wyckoff Method as part of our educational series on technical analysis with a special focus on strategies useful for Algo-assissted trading.
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Note: This is general insight into trading psychology. It is not financial advice. We provide analysis and tools to help traders make their own trading decisions.
HSS - beneficiary of RTS project?Hi,
According to recent news, The JB-Singapore Rapid Transit project is expected to resume. I'm not really good in analysing news, but one of the companies that I read that may benefit from this project is HSS.
Looking at the chart of HSS, there is an appearance of a Wyckoff accumulation phase. (Or is it a re-accumulation?)
We have bar 1 which could be a selling climax ( large down bar with close at the low with ultra high volume)
Then bar 2 was another lower low with slightly above average volume, but price started to oscillate in a trading range after this low.
Bar 3 is a wide spread up bar with higher than average volume )(not excessive volume), and this could be the "Sign of Strength" bar.
According to Wyckoff rule, we wait for Sign of strength to appeared, followed by a Last Point of Support (LPS) for a good entry. If bar 3 was indeed the SOS, then bar 4 would be its LPS.
Bar 4 was interesting in 2 ways : 1) its a down bar with light volume (lesser volume than 2 previous bar) which may indicate a No Supply bar, and 2) the low of bar 4 was a "Spring" setup of the previous two bars, where it broke below the low of the previous 2 bars then closed it back above it.
Trade at your own risk, comments are welcomed.
