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Wyckoffmethod

Breakout Play on GBPJPYThe price action is currently attempting a breakout above the Re-Accumulation range, in what could result in a new Markup. Traders can look for an opportunity to go long just above the range's upper boundary (at 153.600). They can place a stop-loss just below the 300-day MA (in purple), currently at 153.360. The first target is the 38.2 per cent Fibonacci retracement level at 154.658, which is about to converge with the 200-day MA (in orange) and the 100-day MA (in blue). If it manages to penetrate above this threshold, the price action would then likely head towards the 23.6 per cent Fibonacci at 156.021. This is where bulls can collect their profits.
Long
by Trendsharks
2
Wyckoff Re-Accumulation SchematicRemember that these are schematic patterns, meaning price action could have a similar trajectory, but it is important to learn about the characteristics of each phase and how to determine the differences in each one. Volume is a huge component of Wyckoff so see below for my favorite free resources to help learn more about Wyckoff: Wyckoff Re-Accumulation Schematic (Wyckoff Anatomy of a Trading) #BTCUSD Phase A: Shows Buying Climax stopping previous up move and more pronounced preliminary support and selling climax facilitating accumulation into stronger hands. Phase B: Inconclusive evidence but does show us evidence of rally on good spread and volume. Phase C: Shows final low on diminished volume compared to ST and holds support area above climax low. Move off of low shows pattern on expanding spread and volume. Phase D & F: Continues pattern of Demand in Control.
BITSTAMP:BTCUSDLong
by Crypt0_Ninja
5
$DOGE to face some Spring action before we can get uber bullish.NOT FINANCIAL ADVICE In the grand scheme of things, Dogecoin is exhibiting accumulation signals, evident by the heavy buying spree whenever price hits SC levels ($0.1527). I read this as whale-buying activity, where they'll have plenty of buy triggers at that level. As bullish as that may sound, we have not yet been given a sign of a Spring event, aka a revisit of SC levels and touching or breaking that. Heck, we have yet to even see any creek consolidation price action too. In fact, there is a good chance that we get to see a little pump as the rising tide from bitcoin's ATHs creates euphoric buying signals, but as the market cap of Dogecoin is now too large, the volume may not be enough for it to see a revisiting of its ATH anytime soon. Perhaps a retest of $0.35 is more likely than not. Perhaps.. More consolidation will be needed to coil price action up (like a spring!) for its next bull cycle run (2024-2025?). So if a dump towards SC levels is indeed a pre-requisite in the Wyckoff method, then $0.1527 will be a good spot to set some triggers. But why buy when the price is dumping? Because the smartest investor on earth advised 'Sell when others are greedy, and buy when others are fearful.' Happy Trading!
BINANCE:DOGEUSD
by googooboyy
3
GBPUSD | Market outlookThe British pound is showing multidirectional trading dynamics against the US dollar, trying to gain a foothold below the psychological level of 1.3500. The new week on the foreign exchange market starts relatively calm, as the macroeconomic calendar is empty, and Friday's publications from the UK were largely offset by a generally positive report on the US labor market. The British house price index from Halifax in October showed an increase of 0.9% MoM after rising by 1.7% MoM last month, although analysts had expected strengthening only by 0.4% MoM. In annual terms, the index accelerated from the previous +7.4% 3 M/Y/Y to +8.1% 3 M/Y/Y, which turned out to be noticeably better than the market forecasts of +5.9% 3 M/Y/Y. American statistics, in turn, showed the increase in the number of new jobs (531K instead of 425K expected), created outside agriculture in October. We should recall that a month earlier, the growth amounted to 312K.
Long
by DynamicCapital-FX
AXSUSDT for Teethgrinder Waiting for this to pop the cloudthe red crosshair is current price the green is where I think if a green candle was to close above that line with no wick on top would be a trigger signal to get in. the white path is the first time it repeated this move the dotted is the second and most recent time it repeated this move the red cloud is your resistance area the green is showing signs of another attempt to make a run up. @teethgrinder by iCantw84it 10.24.2021
by iCantw84it
8
TOPGLOV's Wyckoff Analysis with Volume Profile + VSA. 3/Nov/21TOPGLOVE's stock price "Finally" reached RM2.50.. A "very critical support zone"... Where this "zone" are : - 1) Weekly Up Trend Line ( Cyan Dashed) support 2) Weekly & Monthly Demand Zone 3) Zone of lower support @ parallel channel (red).. AND From Volume Profile's POC @ around RM2.70.. we "see" lot of buyer either from institutional or retail were buying in That "matched" what Wyckoff's "Universal" Market Structure in "Accumulation Phase"...
MYX:TOPGLOV
by SteveTan
2