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Wyckoffaccumulation

NIO Stock: Is a Spring Reversal Imminent?I had been shorting NIO stock due to the very apparent downtrend as portrayed by the 50 and 100 EMA. However, I noticed that the swings from high to low were getting narrower, signaling a loss in momentum. Throwing some zones on the chart, you can see a small trading range has formed. I compared the Wyckoff accumulation schematic to the NIO chart. The schematic calls for hard selling followed by strong buying and consolidation. In NIO, there was hard selling in March and May, with strong volume. This indicates that there were large interests selling their shares during this time. However, in November 2022, we saw a selling climax with strong volume. This was followed by a bounce in price called the automatic reaction (AR). This bounce is likely due to institutional investors buying up the supply. The secondary test, which occurred on expectedly lower volume, further supports this theory. The millionaire-making question is whether we have seen an ST in phase B. If we have not, it is likely that the trend will continue lower to the sub-$5 range. However, if we have seen an ST, it is likely that we are seeing a spring. A spring is a shakeout before institutional investors decide to take the stock higher. I think it is important to note the increase in volume during the month of May when the spring started. High volume during a spring suggests that big money is scooping shares for cheap. I believe that this is the perfect time for institutional investors to swoop in and use earnings as an excuse to push the stock higher. What are your thoughts?
NYSE:NIOLong
by Decam9
Wyckoff Accumulation Patterns - Copper LongRecognized accumulation pattern A - decreasing volume on lows B - decreasing volume on lows The lows in pattern B did not break the lows from A. This indicates that the market is strong and well controlled by large operators. In the lows of pattern B, the last one on the lowest volume forms a very large, bullish engulfing candle. C - the largest buying wave not only in the entire accumulation pattern but also the largest since the beginning of the decline - showing strength, breaking out of the range on very high volume. The recent 4h candles on the chart are testing the breakout. It seems that the pattern is set up for an upward move. I'm providing two targets... Indicators used: Wyckoff Wave Chart What do you think about this chart? Follow us for updates! VolumeDayTrader
COMEX:HG1!Long
by VolumeDayTrader
Gold in its before-last phase of a 3 year accumulation.With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly unlikely however as the fundamentals driving gold bulls at the moment are very strong.
PEPPERSTONE:XAUUSDLong
by Vysera
3
Rangebound Wyckoff Accumulation?Prices go oversold on Wednesday and overbought on Thursday. Welcome to the new normal. Good luck with it! Looks like we may be entering Wyckoff accumulation phase. Price has been rangebound this year. Notice that we are at same price as May 23 2022. Near the end of a bear market, prices will usually suffer a final capitulation. This might not occur for weeks or months yet. VIX spikes >40, share prices drop to a new low and panic ensues. Then back up the callmobile and rent-a-stonk. This is a very likely scenario, trade with caution. We are at the 50% retracement here, this is the most common bear retrace. VIX <18 and Bolly bands contract, could be setup for another leg down. It always drops when you least expect it, so expect it. GLTA
TVC:SPXShort
by DaddySawbucks
16
BTC Dominance breakoutI have been tracking this chart for a while and have posted it a couple of times in the past (Links below this post) . In the last update we saw a rejection from the 3D breakout line and BTC.D was testing the Buildup support, which was held and resulted in a move to the upside. Right now, BTC.D is again testing the 3D breakout level and following are the implication of BTC.D breaking out. When the Bitcoin Dominance (BTC.D) surges to the upside, it typically signifies that Bitcoin is outperforming the rest of the cryptocurrency market in terms of market capitalization. This increase in Bitcoin's dominance can have several implications for the broader crypto market: Altcoin underperformance: As Bitcoin's dominance increases, altcoins may underperform relative to Bitcoin. Investors and traders tend to shift their capital from altcoins to Bitcoin in search of better returns, causing altcoin prices to stagnate or decline. Market sentiment: A rising Bitcoin dominance can indicate that market participants are becoming more risk-averse, as they move their investments from riskier altcoins to the more established and widely accepted Bitcoin. Reduced liquidity for altcoins: As more money flows into Bitcoin, the liquidity for altcoins may decrease, making it more challenging to trade altcoins and causing more significant price fluctuations. Temporary trend: It's important to note that an increase in Bitcoin dominance can be temporary, as market dynamics constantly change. After a period of Bitcoin outperformance, the trend may reverse, and altcoins might start to regain market share as investors look for opportunities in undervalued assets. Correlation: Although a rising Bitcoin dominance often implies altcoin underperformance, it's important to remember that the crypto market is highly correlated. If Bitcoin's price increases significantly, the positive sentiment can spill over to altcoins, leading to a delayed positive impact on the broader market. It's essential to monitor both the Bitcoin dominance index and the overall market sentiment to make informed decisions about your cryptocurrency investments. Keep in mind that these trends can change quickly, and it's crucial to stay updated on market developments and adjust your investment strategy accordingly.
by zakoraio
ETH/USDT in Wyckoff Accumulation ModelImagine the smell... ETH seems to follow Wyckoff Accumulation Model all too close so far. Nobody knows what will happen, but seems like a good idea to keep this in mind Selling Climax (SC) was reached in June 2022, quick Automatic Rally (AR) peaked mid-August 2022, Secondary Test (ST) at the end of November 2022. ETH just took out the AR high and seems to print strong bearish candle. Based on this model we would expect: rest of the Q2 23 = SHORT and path to sub-1k ETH H2 23 = bounce from the bottom, path back to the top of the range
by CleoFinance
Gold | Case StudyThe XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down from 4.9% to 2.7% in annual terms, which, coupled with the data on consumer inflation that came out the day before, could put significant pressure on the decision of the US Fed on next meeting in May. Investors are also discussing the minutes of the last meeting of the Fed, which were published on Wednesday, April 12, and reflected the officials' concern about the state of regional banks. In addition, the regulator allows the emergence of a recession during 2023, if external economic conditions do not begin to noticeably improve. The United States of America March US retail sales and industrial production data were released today and were mixed. Thus, the volume of retail sales decreased more than experts expected – by 1.0% instead of 0.4%, which is the second decrease in a row and illustrates the pressure on the national economy. The volume of industrial production in March rose by 0.4%, exceeding the forecast of 0.2%. We also note the latest comments of the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic. Today, he said that the beginning slowdown in consumer prices and the decline in producer price inflation prove the correctness of the decision of the US Fed. The official noted that another 25 basis points increase in the interest rate would be appropriate, after which the cycle of monetary tightening could be completed.
OANDA:XAUUSDShort
by DynamicCapital-FX
2
the bottom yet to come - wyckoff accumulation phaseelliott wave analysis of bitcoin on daily timeframe the latest move/wave does not look like an impulsive move but rather a corrective move as a result, the idea of bear continuation and new bottom occurrence probability shall not be ignored. If it is the case, then we may assume that the market might be in a accumulation phase for extended period of time (as displayed in the chart) mainly sideways and probable new bottom to form before the bull run resumes details of the analysis is presented on the chart and you are kindly invited to check the links below for further details of the characteristics of the elliott waves please note that : - these patterns do not provide any kind of certainty about future price movement, but rather, serve in helping to order the probabilities for future market action - trade setups must be confirmed in conjunction with other forms of technical and fundamental analysis - and please remember that this analysis is not a financial advice and presented for educational purpose only Elliott Wave Theory : Motive Waves and Corrective Waves Published Indicators : Indicators page
by dgtrd
73
EGO The New Gold Rush After Soaring 100% In Less Than 4 Months?Eldorado Gold Corp (EGO) is a Vancouver-based gold exploration and producing company that owns and operates gold mines in Turkey, Greece and Canada. The company has developed and operated assets from several merged companies and operates five mines, including the highest producing Kişladağ gold mine in Turkey, the Efemçukuru mine in Turkey, the Lamaque mine in Quebec, Canada, the Olympias mine in Greece and the Stratoni mine in Greece. EGO is listed on TSX and NYSE. Wyckoff Spring Followed By Sign Of Strength (SOS) Rally EGO started 2022 with a Wyckoff sign of strength (SOS) rally that peaked at $12.50 on 18 April. However, the price did not follow through to the upside and instead began to show signs of weakness. The price structure turned into the Wyckoff distribution phase until mid July. A Wyckoff selling climax (SC) occurred on 14 July after hitting the low of $5.27 and this was confirmed by an automatic rally (AR) up. This led to formation of a new trading range between $5.27 and $6.67 over next few months. There were tests to the lower range as well as Wyckoff upthrust (UT). The range continued on until early November with a localized spring-like action. The price subsequently did a SOS rally and was able to break above $6.67 resistance on 10 Nov. It was the best rally thus far. More importantly, the reaction from this break out was a shallow pull back to retest the $6.67 level with low volume. This rally has the characteristics of a Wyckoff change of character (CHoC) where the accumulation phase was shifted to an uptrend. The price was able to continue with another SOS rally to test the $8.65 resistance. EGO broke above the $8.65 resistance successfully on 4 Jan 2023 was able to stay committed above this level for a few weeks. Next EGO retested the $8.76 level in Feb followed by a rally and consolidation with contraction of volatility suggesting bullish bias. The spike of volume on 17 Mar did not result in significant pull back. According to the Wyckoff effort versus result theory, this was the sign of absorption, which acted as a prompt bar to test the supply. Subsequently, the price consolidated between $9.50 and $10 until a successful breakout on 28 Mar. Bias Bullish. According to the Wyckoff method, EGO just broke out of a trading range between $9.50 and $10. There is no threatening volume to suggest the presence of supply. The price might retest the $10 axis, consolidate a little before attempting to challenge the next immediate resistance at $12.50. The tailwind from the mega accumulation structure in Gold futures could help to push EGO with more upside ahead. If the price breaks below $10, it will likely retest the support zone between $9 and $9.50 with a prolonged consolidation.
NYSE:EGOLong
by mingjong
TSLA Break-Out & Fake-Out?Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ... Bulls need to see a big volume break-out tomorrow and regain $200 as support. *Call Wall Options may have prevented Tsla from advancing with a strong break-out $197 is strong resistance + weekly resistance line just above @ $198 $198.84 If Tsla does not open above $198 we may see a drop to test bull flag break-out & gap-fill. Close below $195 Tsla will consolidate until re-testing highs. *Bulls: Tsla is above 8 ema, 20 ma & 50 ma -Cup & Handle on Daily w/ Bullish Flag Break-Out.... Dips are being bought up *APRIL is STRONG Month for Growth & Tech Bears- Weakness compared to overall Bull Run in Tech & Markets - Selling volume has been larger on 1 hr, 4hr, daily. Markets are feeling pretty Frothy Possible Bearish Wedge Pattern...this could be wave a of c in Correction Pattern - lack of testing or either Strong Rejection at $200 could begin wave b. Bearish Divergence on MACD & RSI 1hr & likely forming on Daily if we see the move past $200.66 This could go Bullish or Bearish *Key Points of interest: Key Close above $198.84 / Ability to Test $200.66 & Rection off of that will give us a better Idea of where TSLA Plans to go for the next 3 weeks until next Earnings Current Bias: Neutral to Slightly Bearish
NASDAQ:TSLA
by Black_Sheep1
1
🔥 Bitcoin In Wyckoff Distribution: Is This The Top?Bitcoin has been trading sideways for the better part of two weeks now. Yesterday, there was a short-lived break out through the FOMC resistance, which got sadly sold off quickly. Since the break out was only minor & short-lived, there's a probability that we're currently trading in a Wyckoff distribution pattern, which could signal that this is area is the Bitcoin top for the foreseeable future. Check out the theoretical schematic below. If we'd follow this Wyckoff distribution pattern, that would indicate that there's still one more move up before the real sell-off. As long as the price does not break below the AR-support (purple) before breaking above the UT-resistance (yellow), this pattern is valid. Furthermore, the UTAD break out can't reach much higher than the UT top ($30k?) before being sold off. Consequently, the UTAD top would be in an area of heavy resistance from the last two years of trading, see yellow area below. Do you think we're in a Wyckoff distribution pattern? Are we breaking down? Share your thoughts below. Note: I'm still bullish on BTC, especially in the long-term. However, I think it's valuable to look at different perspectives of the market, even if it goes against my bias.
COINBASE:BTCUSDShort
by FieryTrading
9
META Soars 100% In Less Than 4 Months! What’s Next?Meta Platforms, Inc (META) formerly known as Facebook, is the world’s largest social media platform with a portfolio of apps including Instagram and WhatsApp. It measures its user base in daily and monthly active users, with advertising being its main source of revenue. The company faces competition from Google, Twitter, Amazon, and Snapchat-parent Snap, as well as Apple, YouTube, Bytedance, and Tencent. Meta recently changed its name to reflect its focus on the metaverse. NASDAQ:META is listed on NASDAQ and is a component of NASDAQ 100 and S&P 500. Spot The Wyckoff Change Of Character From The Selling Climax META started 2022 with a gap down on 3 Feb. The Wyckoff distribution phase was prolonged and continued for several months until late October. The earning results on 27 Oct triggered another gap down and took the price to around $88. However, this down move was accompanied by a big spike in volume in comparison to previous down swings. This capitulation was considered as stopping volume and was confirmed by the higher low test with decreasing volume. The price confirmed the $88 level is Wyckoff selling climax (SC) as it rallied to $119 in mid Nov. This rally has the characteristics of a Wyckoff change of character (CHoC) where the down trend was shifted to a trading range. The price tested the $119 resistance on several occasions with relatively low volume compared to late October 2022. This was the sign of supply exhaustion and a rally could be expected. Subsequently, META started 2023 with a successful breakout from the $119 resistance and a Wyckoff sign of strength (SOS) rally. The rally was steady but reassuringly after successfully breaking out of the trading range. Then the earning results on 2 Feb provided the much needed catalyst for the price to gap up with strong momentum. Nevertheless, the price quickly pulled back from the $197 resistance to form a Wycoff back up (BU) range. The pull back was shallow, about half of the price gap on 2 Feb. Furthermore, there was no threatening volume to suggest the presence of supply. The price also confirmed the bullish momentum with another rally up that successfully stayed above the $197 axis. META Directional Bias Via Wyckoff Method Bullish. According to the Wyckoff method, META just broke out of BU range between $168 and $197. The shallow retest of $197 on 20 Mar would have been a great entry signal for a long position with the swing low of $187 as stop loss. The price might retest the $197 axis again before challenging the next immediate resistance at $245 and $322 to close the gap of Feb 2022. If the price breaks below $187, it will likely retest the support at $169 with a prolonged consolidation.
NASDAQ:METALong
by mingjong
2