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Wyckoffdistribution

CUV: ASX - CLINUVEL PHARMACEUTICALSFrom September 2018 through to May 2019 this stock was in a re-accumulation phase. You can see there was a sell off in September when supply it the market and the stock pulled back. From November the stock hit support and from there we started making higher lows. We took at the top of the trading range in late February where we a sign of strength. The stock was sold into that rise and we pulled back again. It broke back down through the top of the range but bounced back very quickly. A definite last point of support before mark up. Completing the re-accumulation. The stock ran well from May to July. The first sign that there may be a significant pull back at some stage was the steepness of how it moved higher. We did see a large amount of supply come in - the most we had ever seen. Interestingly we only had a small pull back on lighter volume. The stock moved higher again with $40 in its sights. Look at the supply that came in June. A definite buying climax. A lot of retail traders were sucked into this one at that stage and the professionals were selling into the up move. This time we saw a significant pull back. A certain first sign of weakness. Price took out the low before the high (Where demand came in) and it looked as if it was forming a distribution range to move lower. The news changed that. It looks like further distribution then took place, which negated the need to move the stock sideways for a considerable time. I believe this stock was heavily accumulated back in the $0 - $5 range and this has been a very long and patient campaign. Stock was sold at approx $22, $29, $34, $38 and finally $44. A very successful campaign. $23.65 is the key level now. The low before the extreme move higher. If that is taken out, it could be heading a lot lower. If it can hold that level and consolidate and build another accumulation range, it may move higher. Right now its a holding pattern. Happy New Years!
ASX:CUV
by AussieWyckoff
Wyckoff ConsolidationThis is turning into a very nice example of a Wyckoff Consolidation pattern in my opinion for Crude Oil. My bias is this is forming a distribution pattern with the BC, SOW, and UTAD in place. I have indicated Elliot wave counts and have EW projection for the move downward. Jan options expires tomorrow and have price pinned at around 57 +/- 1 so it is quit possible for a large downward movement to reach that price. I know this is not very precise or accurate but my short term work on options data has indicate there is no way to predict the exact price on day or expiry but seems like I can get within a dollar. Preliminary work at this time and looking to refine it a bit more. I expect price to meander to resistance between 59.85 - 60.00 overnight and then proceed downward from there. Information only. Do your own diligence and keep your own counsel when making trading decisions. Good luck. Lloyd.
NYMEX:CL1!Short
by Sabaudo
1
Wyckoff theory: GBP/AUD Application (short opportunity) Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and Mark Down. Two Rules of Richard Wyckoff The Wyckoff theory is based primarily on price action and the different cyclical stages the market falls in to. It is essential that we discuss two important rules stated in his book “Charting the Stock Market”. These two essential rules are paraphrased below. The first rule of Richard Wyckoff states that the market never behaves the same way. Price action will never create a move in exactly the same way that it did in the past. The market is truly unique. The second Richard Wyckoff rule is related to the first one. It states that since every price move is unique, its analytical importance comes when compared to previous price behavior.
by UnknownUnicorn3442968
10
Bitcoin has now broken below 9k. Were you surprised?If you guys saw my other BTC post (link: ) then you would know I had been mentioning this distribution schematic for some time, and we have now broken below 9k giving it a lot more validation. We are now trading under 8750, and price is looking quite bearish. I think this 8k range might be just a temporary stopping point before we eventually head down into the 7k region. The 9k region should act as a major resistance level now as well. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
GEMINI:BTCUSDShort
by Deftsuo
BITCOIN BATTLE CONTINUES - KEY LEVELS APPROACHING!Since the climactic action in Bitcoin in late June, price has entered a trading range and we have had the signs of Wyckoff distribution. We will need to see the confirmation of the weakness on the right hand side of the trading range. The characteristics of distribution and re-accumulation can be very similar. A buying climax followed by an automatic reaction and the secondary test. The secondary test was on lighter volume indicating demand may have eased. We also couldn't reach the top of the trading range. Price failed at $13,200 with supply entering the market. This level may be tested in the future if we do see a rally higher. Although we are making lower highs, an indication of the downtrend establishing. Mid July we saw the bottom of the trading range tested and a minor sign of weakness. The price sliced through $10,000 on large volume and spread indicating large supply levels entering the market. We didn't see any follow through lower and this was the first sign that bitcoin may need to go sideways longer to build that cause for the next trend move. The first key level to watch is $10,520.30 - the top of the supply bar. This is the highest volume on the chart since the buying climax. Price has just moved through this area in the last 4 hours. The next few bars will be interesting. 18th July was the first sign of any demand entering the market and price rallied higher on nice volume and spread. We have seen this level defended on four occasions now. There are two ways to interpret this - the smart money is not allowing price to fall lower or they have not distributed fully yet and are doing this on the rallies higher. By 21st July the demand had eased and price had to fall to find further demand. We did see a spring of this area on July 29 and rallied strongly thereafter. Price rallied to $12,325 before stalling. The second key level I want to talk about is $10,974.63 - this has been a flip area for support and resistance since the supply came in at this level back in early July and may be a crucial level moving forward. Look at how many times on the chart price has bounced higher or lower off it. Look at 5th August, it was the first time in a while that price could break through this level. It was no coincidence that there is a large range demand bar starting at that level. It is the area where demand overcame supply. Unfortunately there wasn't much follow through higher after this and price trending sideways before failing again. In mid august the bottom of the trading range was tested and defended again. We have certainly now built enough cause for a move. We need to see the confirmation on the right hand side of the chart. A large demand bar that takes out these levels and rallies higher or a large collapse and supply bar taking out the bottom of the trading range. Either way there is a nice moving coming and patience is the key. So keep your eye on $10,974.63 in the near future!
BITSTAMP:BTCUSD
by AussieWyckoff
3
AUD/USD - SECOND DISTRIBUTION PATTERN FORMING - HEADING LOWER?A clear second distribution pattern is forming. We have selling into the moves higher on the recent BC and ST by the looks of the volume. We are also approaching a re-test of the AR in the first larger distribution pattern. The downward trend that has formed also indicates a re-test approaching. Watching this closely for some reversal signals to get into a longer term short trade. Do your own research and good luck.
Short
by AussieWyckoff
5