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Wyckoffspring

What is the Wyckoff MethodPhase A. Stopping the previous bearish trend. • PS. Preliminary Support. It's the first attempt to stop the downward movement that will always fail. • SC. Selling Climax. Climate action that stops the downward movement. • AR. Automatic Rally. Bullish reaction. An upward movement that sets the maximum range. • ST. Secondary Test. Test of the level of supply in relation to climate action. Establishes the end of Phase A and the beginning of Phase B. Phase B. Construction of the cause. • UA. Upthrust Action. Temporary breakout of the resistance and re-entry into the range. This is a test at the maximum generated by the AR. • ST as SOW. Secondary Test as Sign Of Weakness Sample of weakness in test function. Temporary break of the support and re-entry to the range. This is a test at the minimum generated by the SC. Phase C. Test • SP Spring. It is a test in the form of breakout of the minimums of Phases A and B. There are three different types of Springs. • Test Spring. Downward movement towards lows of the range in order to check the commitment of the sellers. • LPS. Last Point of Support. Test in the form of a bearish movement that fails to reach the minimum range. • TSO. Terminal Shakeout or Shakeout. Abrupt movement of minimum breakout that produce a deep penetration of the level of support and a fast Phase D. Bullish trend within the range. • SOS. Sign of Strength. Bullish movement generated after the Phase C Test event that manages to reach the top of the range. Also called JAC. Jump Across the Creek. Creek jump. • LPS. Last Point of Support. These are the rising troughs we find in the upward movement towards resistance. • BU. Back Up. This is the last big reaction before the bull market starts. Also called BUEC. Back Up to the Edge of the Creek. Back to the creek Phase E. Bullish trend out of range. •Succession of SOS and LPS generating a dynamic of rising highs and lows.
by FXMHDH
Wyckoffian Analysis of ARKG and an askIdea: $ARKG Possible Phase C with Spring and Test of support Entry would on the break above 84. 05 or on the retest of support with risk at 72, moving stoploss to break even on the test of upper range. Now for the ask: I've been studying Wyckoff for some time now, but have not been able to check my work with others. Any fellow Wyckoffians that would be willing to check my work? Bonus points for anyone that does point and figure projections that could check my work on that. AMEX:ARKG
AMEX:ARKG
by AbsoluteZer0
Oscar Properties adjusted Wyckoff eventsMessed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility. Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the chart seems pretty bullish ATM, in my humble opinion. Be careful, OP is an extremely volatile stock.
OLong
by Veuvee
The Fundamentals of Wyckoff Theory Richard DeMille Wyckoff was a famous stock trader and investor, born in the late 19th century (1873–1934). Wykoff was a pioneer in the technical approach to stock market research. Wyckoff’s analyzed these market operators and their operations and concluded where risk and reward were optimal for trading. He shows the position of stop-losses at all times, the importance of managing the risk of any trade, and he explained techniques used to campaign within the large trend ( bullish and bearish ).Wyckoff also founded Wall Street Magazine. A five-step approach to the market. Wyckoff also developed specific Buying and Selling Tests, as well as a unique charting method based on Point and Figure (P&F) charts. While the tests help traders spot better entries, the P&F method is used to define trading targets. However, this article won’t dive into these two topics. Accumulation The Composite Man accumulates assets before most investors. This phase is usually marked by a sideways movement. The accumulation is done gradually to avoid the price from changing significantly. Uptrend When the Composite Man is holding enough shares, and the selling force is depleted, he starts pushing the market up. Naturally, the emerging trend attracts more investors, causing demand to increase. Notably, there may be multiple phases of accumulation during an uptrend. We may call them re-accumulation phases, where the bigger trend stops and consolidates for a while, before continuing its upward movement. As the market moves up, other investors are encouraged to buy. Eventually, even the general public become excited enough to get involved. At this point, demand is excessively higher than supply. Distribution Next, the Composite Man starts distributing his holdings. He sells his profitable positions to those entering the market at a late stage. Typically, the distribution phase is marked by a sideways movement that absorbs demand until it gets exhausted. Downtrend Soon after the distribution phase, the market starts reverting to the downside. In other words, after the Composite Man is done selling a good amount of his shares, he starts pushing the market down. Eventually, the supply becomes much greater than demand, and the downtrend is established. Similar to the uptrend, the downtrend may also have re-distribution phases. These are basically short-term consolidation between big price drops. They may also include Dead Cat Bounces or the so-called bull traps, where some buyers get trapped, hoping for a trend reversal that doesn’t happen. When the bearish trend is finally over, a new accumulation phase begins.
by TayFx
5
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
Bitcoin's engineered liquidity and removal of weak handsGood morning, traders. Hope y'all stayed safe during the move yesterday. There's a lot going on in this chart, but I wanted everyone to be aware of how we are watching price action play out. As I discussed in yesterday's chart, and then expounded upon during the morning's live stream, there would be an attempt to push through the descending resistance line toward the horizontal channel's high but if that failed (if there wasn't any real follow through on the retail traders' side after C.O. started pushing price) then we would see C.O. put in a large sell order and remove their support to put a spring into action. This would test the available supply. A drop down on low volume would suggest that the market is ready to move up. However, a drop down on high volume would suggest the need for more accumulation. We saw relatively high volume on that drop, so the expectation is to see more accumulation before another move up now and that's what appears to be happening at this time on a much smaller scale. Price's current position lines up with the bottom of the ascending yellow channel. If this holds and price continues higher, then we can expect a conservative target of the upper grey box at around $8900, though we could potentially see price reaching the top of the channel a few hundred dollars higher. As always, price does not have to remain within the channel. A strong bullish push often sees an extension beyond the top of the channel. We can see price has printed a descending channel as denoted by the green lines with a descending broadening wedge inside of it denoted by the dashed red lines, and is being supported at the bottom of the previously drawn orange box within our grey box. This is creating a potential Swing Failure Point (similar to the Wyckoff Spring) within the smaller descending broadening wedge denoted by the black lines. A successful SFP will see price closing above that swing low (which it has done twice now). This should see price then pushing upward once it pushes through the top of the orange box. The red box (order block) above price is resistance, but a successful breach of the top of that box should see price rising back toward $8300. The only caveat is the mitigation block in green. Failure of price to breach the top of this block will see it dropping toward the next block at $7400/$7500. HTF is bullish, so the expectation is for price to continue higher rather than lower right now. But even if we see that drop toward the next block below, the expectation remains that we will head higher as it is another strong area and each of these blocks are full of long orders that didn't get filled the last time around just waiting to go long, so they are sucking up all of the orders that drop into them. Our final block becomes the $6800 area. Ultimately, failure of that area to hold is not good news for the bulls and we should expect to see price fall further at that point. In terms of accumulation, the recent large white candle could be seen as a spring. That means we could see price potentially drop back down toward the dashed line around $7850/60 to test the spring's result before getting serious about moving upward. That successful test of the spring should then see price pushing up toward that red box at the top of the accumulation zone. This would potentially create an IHS which is a good indicator of completed accumulation especially as all this is happening in a support zone. The target on that IHS would be the top of the green mitigation box. At that point, a successful push through it indicates that demand is outpacing supply and price will rise higher. RSI looks great on most times frames as it is near/at oversold and printing potential bullish divergence.
BITFINEX:BTCUSDEducation
by Chris_Inks
8