Wyckoffdistribution
Wyckoff Distribution schematic/order-block playprice is either going to bounce off the 1HR order block and rise to fill the 15min Orderblock at1.37200, or will fall through the 1Hr order block and continue bearish momentum, looking to take a short term trade from 1.36800 to the 1HR Orderblock at 1.36200
Short Home Depot - CLASSIC Wyckoff DistributionThis chart is displaying a classic wyckoff distribution pattern. Keep a tight stop at $284. Targets 1-3 are on the .618, .5, and .382 retracement levels. Keep a cool head, this one will play out over the next couple months.
Entry - $269
SL - $284
Target 1 - $235
Target 2 - $216
Target 3 - $198
R/R - 2 (T1)
NIFTY IN WYCKOFF DISTRIBUTIONNifty first became overbought in the primary trend channel and now in distribution phase of wyckoff cycle. All the components of distribution phase are labelled.
PSY = Primary Supply
BC = Buying Climax
AR = Automatic reaction
ST = SEcondary test
SOW = Sign of weakness
UTAD = Upper thrust after distribution
eurusdDxy is currently rallying to make a break of bearish structure on 4h at 91.010, eur zone central banks are dovish, in monetary policy trying to save their neck from deflation they have had a negative gdp and now a gdp of 12.5% their central bank are accepting QE in other to have money in the economy devalue the euro, USD is going to approach inflation way before eur and increase interest rate, and so far their QE has been positive on economy yielding higher gdp of 33.7% and and higher consumer spending, but BOT for usd has been negative,eurusd interest rate differential is negative with respect to usd having a stronger rate to euro, now my technical support is wychoff distribution on eurusd h4, and and redistribution on xauusd h1, volume has eluded the highs of the consolidation but resided on the lows.
Remember, you have to follow-up the fomc release as well as changes in ecb interest rate, but if all factors remains the same the dollar is going to rally further against the eur
the real second wave and USOILPotential path of distribution schematic for usoil. Early in the supposed schematic and this idea is a loaded assertion, one that is counter to the mm narrative of soon to be administered (forced) vaccinations. Oil retreating again to such lows would be due to another shut down of the global economy beyond the scale constituted by current lockdowns. This pattern could be foreshadowing things to come for economic activity whether due to renewed and tighter lockdowns as we enter 2021, civil unrest, COVID manifesting into the menace that mm and governments portray it to be or, else.
For me, this analysis will pose simply as a cautionary barometer for any long CAD and AUD positions as USOIL price upthrusts and (if schematic holds to UT) again upthrusts after distribution.
Wyckoff - Price CycleTextbook educational example of the Wyckoff Price Cycle, focusing on; Accumulations, Distribution, Markups, Markdowns, The Spring and UTAD.
The graphic doesn't take into consideration the finer details of both the accumulation &/or distribution schematics nor does it focus on the re-accumulation / re-distribution schematics.
Please see our other ideas for a specific breakdown of the above ^
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Phantom