EURGBP BU IN REACCUMULATIONEURGBP has been on a reaccumulation programme for the whole of this week. The rocket fuel tank is finally full
Look for buys during london session.
Wyckoffmethod
US30 PRICE DISTRIBUTION US30 index fund is buying to form a UTAD then sell. I have specific points highlighted that I would love to see price react away from.
XAUUSD | Market outlook Gold prices are showing moderate growth during the morning session, returning to an uptrend after multidirectional dynamics the day before, which did not allow XAU/USD to consolidate at new local highs since August 6. The instrument was pressured yesterday by the massive growth of USD across the entire spectrum of the market in response to increased alarming sentiment regarding the new strain of coronavirus. The strengthening of USD was not prevented by the weak macroeconomic statistics from the USA on the dynamics of retail sales, which only contributed to the risk-aversion of investors. Additional pressure on gold quotes was exerted by a decrease in the yield of 10-year US Treasury bonds, which renewed their two-week lows the day before.
READY TO SHORT SILVERSilver might see a sell in coming weeks after price breaking the 24 usd recent lower low. This may signify a break of market structure forming what would be supposedly be a major sign of weakness. It would be quite nice if we see a retracement to the upside until 27.750 level before going down. Once that level holds we can be sure of an impulsive down trend
USDZAR ON BEARSIn terms of Structure and Liquidity the pair is likely to drop to untested accumulation which sponsored the bulls run and to fill the imbalance at 13.90000 zone.
Will it PlayEJ let's see how it goes.
TP is was too ambitious but can always trail SL and see how it goes.
XAUUSD | Technical Analysis Gold prices are consolidating during the Asian session on Thursday after strong growth the day before, due to the emergence of an ambiguous report on inflation in the US, which, although it reflected the increase in prices, also indicated a decrease in their growth rates, which may give the US Fed additional time to choose a vector for monetary policy. However, such insignificant fluctuations in the dynamics of inflation are unlikely to have an impact on the decision of the American regulator. Many members of the Federal Open Market Committee are in favor of tightening monetary policy, and so far only reducing the quantitative easing program is in question. Obviously, interest rates will remain low for a long time to come.
AAPL Wyckoff MethodAs Wyckoff Method we should be in Phase C: The stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. We are near to Phase D. If this plays out the whole market should follow, barely we walk on a string.
distribution price cycleThe distribution phase is the third stage of the cycle and it is where the bears are attempting to regain
authority over the market
The price action on this chart at this stage is flat. One indication that the market is in the distribution
phase will be the sustained failure of price to create higher lows/bottoms on the chart.
The price action begins to create Lower tops which is a sign that the market is experiencing a sell off
When trading stocks during this phase the composite operators are selling the shares they own.
Smart Money Concepts Diagram With Wyckoff SchematicsThis is a Smart Money Concepts Diagram With Labeled Wyckoff Accumulation And Distribution Schematics.
These are the main smart money trade setups that you will find in your charts, this is how smart money (big banks, funds, composite man, etc.) manipulate markets to engineer liquidity.
Wyckoff methods teach a bigger picture view of the markets and why they are moving, many times you will see smart money setups inside of bigger picture Wyckoff schematics that form certain parts of the schematic itself.
I hope you find this to be a useful reference diagram for Smart Money trade setups 😁
If you have any questions please comment below and I can make updates to the F.A.Q.
ETH Wyckoff Accumulation #1 CompletedETH Wyckoff Accumulation #1 Completed and can now start it's journey towards Distribution Schematic #1.
Follow me for the next chart prediction.
GNRC Look at the world & see why disaster stocks are pumping! Bullish on GNRC with all the natural disasters going on this is its season. Earnings came back ahead of predictions. I see this breaking new highs here in the next 3 months.
by iCantw84it
08.09.2021
AMZN Quick Drop like its hot then moon AlgoKeyCodeJust posting what I see here. naturally only trade something that lines up with your own DD. I have two Paths here of course waiting for one to show its the one Price Action is following would be the more solid move.
by iCantw84it
07.20.2021
EURUSD | Market outlook EUR shows mixed trading dynamics against USD during the Asian session, consolidating after a strong decline last Friday, which was due to the publication of a strong report on the US labor market for July. EUR continues to trade near the local lows since April 5, waiting for new drivers to appear on the market. However, today there will be few interesting macroeconomic statistics from the US and Europe, and therefore the "bearish" trend can be further developed. Anyway, the data released in the United States reflected an increase in Nonfarm Payrolls in July by 943K after an increase of 938K in June. Analysts predicted a decrease to 870K. The Unemployment Rate in July fell sharply from 5.9% to 5.4%, while investors had expected a decline to only 5.7%.
XAUUSD STILL BEARISH ON HTFThe HTF is very Bearsih while the LTF is Bullish and on its Range is at Discount Level of which the next logical target is above 1840 as they are relative equal highs and an imbalance that was never filled an also posssible mitigation of the OB that sponsored the big move around 1870 zone......
BTC Update - It was An Accumulation all along, SOSMy mistake was not noticing the glitches in the futures,
I’ll be honest, it’s not the strongst Accumulation I’ve ever seen, and also it was a tricky range, I thought it was a distribution until the very end, but noticing the strong bull movement in the end made me to check again the chart and see the change of character in the end.
Gold prices under pressure | Market outlookGold prices show a rather active decline during the Asian session, developing a "bearish" signal formed the day before, when the instrument was pressured by the growth of US Treasury bond yields and expectations of a tougher position of the US Federal Reserve on the reduction of existing stimuli. At the same time, gold ignored the fact of the decline in USD, which is awaiting the publication of Friday's labor market report for July. Among other things, analysts expect an increase in new jobs in the non-agricultural sector by 870K after an increase of 850K in June. The unemployment rate in the country may fall from 5.9% to 5.7%, which may be a signal for the regulator to start reducing the existing incentives.
USDCHF | Market outlookThe pair is consolidating this month and struggling to break above 0.92. We will see possible bearish continuation in the following sessions.
BTCUSD Downside Correction Under development? | Market outlookThe positive momentum was fueled by reports that Internet giant Amazon.com Inc. by the end of the year, may start accepting several cryptocurrency tokens (BTC, ETH, ADA, and BCH) to pay for goods. This information led to the liquidation of $111M short positions, which occurred within just 10 minutes. Later, employees of Amazon.com Inc. stated that the company does not have specific plans for cryptocurrencies, but they could no longer influence the growth of the digital asset market.
The instrument met the current week with a pullback. Some investors are fixing profits after a seven-day growth, also, the price is negatively affected by reports of the US Department of Justice's inspection of Tether's activities for possible banking fraud. According to the results of the audit, the organization may be subject to legal action, which will negatively affect the entire cryptocurrency sector since USD 62B worth of USDT tokens are in circulation.
Bitcoin - Wyckoff Chart UpdateAfter 9 straight days* of positive price action, the longest continuous stretch of green days since the low of $3,195 in December 2018!, one can conclude that the Composite Man is in a hurry, so we need to re-calibrate the Wyckoff Chart to the new conditions.
Looking at the current position, BTC has rallied strongly to the critical level of $40.8k level, with just two brief corrections along the way. It is now pulling back toward the Last Point of Supply (LPS) before launching itself “across the creek” towards $46k in a Sign of Strength (SOS) and a period of consolidation to confirm $44k as a strong level of support.
At least that is the theory according to the Wyckoff Method. As such, I feel we have now transitioned from Phase C of the Accumulation to Phase D. As you can see, Phase B was extended with a period of redistribution, but volume has increased significantly since re-testing the $29k level underlining strong buying all through what has been the trading range since May 19.
This confirms that bags are now packed for the journey to the next Distribution phase, with a last stop for all the laggards to re-pack at the LPS.
* I note that the day is 15 minutes to closing and there is potential for the bar to close red, which would make it 8 straight days of green, and the longest run of green since June 26, 2019. Either way it looks like a doji inside bar and suggests a correction.
Possible Wyckoff Accumulation on $ARCTI have been trying to identify and study the Wyckoff patterns ever since the pattern became recognized in the recent bitcoin distribution and accumulation phases. i believe i see accumulation in $ARCT, which is a biotech with mRNA vaccines and treatments. The stock is lower float, heavily shorted, and with current issues surrounding Covid-19, a potential runner. There are several gaps to fill above as well and earnings coming up shortly, with a potential to surprise to the upside.
