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Wykcoff

USDCAD a monthly Wyckoff? 🦐USDCAD on the monthly chart created a clear double top . Price has moved inside an uptrending channel before start a discending move. The market is now close to the lower trendline of the channel and we can expect some retracement before the price will break below. IF the price will break and close below the 1.30500 we can look for a short position according with Plancton's strategy tartgeting the 1.25 area for mid long therm trade. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
2
FITBIT WYKCOFF NEVER DIEThe last time that I entered in a stock after a Wykoff accumulation it was a very good deal at that time I did not had any idea about what a Wykoff accumulation is but pushed by my instinct I bought a golden goose. I very don't like big data and I detest watches that should check if you are healthy or not. For my self there will be no place for such kind of stuff. But for the neurotic society of today this will become the ABC. There is more and more scientific interest to check if these watches and continuos monitoring bring a benefit for your health or not and I'm quite sure that the data will be positive. For example soon you will even be able to monitor the blood pressure with such kind of devil engines. If you can discover high blood pressure sooner and you treat it soon the life expectancy of the whole population will growth without problems of a couple of years. This could be seen as a big achievement. If the scientific data will be positive, we will assist to a massive penetration of such kind of stuff in a larger population. Societies like fitbit could do a lot of money, and I want to be part of these societies. Now the hypothesis is a wykoff accumulation. What can we do? 1) we buy the bottom of the channel and we wait. if there is a substantial break down then it was not an accumulation phase. 2) we let the big fishes cumulating shares and when they decide that it is time to push the price higher we buy the break out of the channel or even better the pullback. This second opportunity give us a slightly smaller gain, but probably a better performance / time ratio and less risks than the first. Hope that this small data can offer you a big help. Not to live longer but better. A big thanks to jicka to put me on this idea BIO
FLong
by FerdiHodler
1