Assessing the market according to the wyckoff method, we see a classic accumulation in the attached chart. 1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power. 833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings...
What do you think about this setup? A very similar setup appeared on the same support a few days earlier. Prices are near an important support area. I will take Long only if: 1.Prices will breakup triangle - 1h/4h 2. We will have pull back to breakup level as test of breakout 3. Volume confirmation on smaller time frame after pull back - 15-60min Follow for...
The Hang Seng Index shows a strong accumulation in the background along with a strong upward breakout. Before Friday's session and US labor market data to be released today, Hang Seng again showed strength and formed a re=accumulation range. The last re-accumulation zone becomes both a big support and a buying zone for today's session. Analysts expect good data...
ADA once again drew a very strong accumulation in the background. After re-entering the accumulation range yesterday and after a failed stop loss hunt (washout), ADA breakout range again. The volumes at the tops and bottoms testify to a very strong accumulation of value by a large capital. The wave marked with the volume of 57m is the largest upward wave since the...
Very strong accumulations in the background on CADJPY SL - under Fake Breakdown indicator used in this analysis: Wyckoff Wave Chart Wyckoff Methodology Follow us for more VolumeDayTrader
Bitcoin looks like it is gathering strength again for a new upward breakout. Volumes on an uptrend show the power of buyers. We are still dealing with a sideways trend and a clear BUYING ZONE in the case of a re-pull back. 28k is crucial to further consider the current price behavior as a bullish pattern
DFH on the last two candles did not significantly reduce its price, although the main SP500 index fell quite strongly. It seems that this action is stronger than the broad market index SP500. In the background we have a strong accumulation and we should expect increases in the coming sessions
The US index is bouncing off a strong support. The volume on down waves is definitely smaller in the last quarters. Tomorrow we have non farm payroll data and everything indicates that the market will want to strengthen. The current layout looks like an accumulating range, which can still be tested in today's session. On smaller timeframes, the volume breaking...
Hi traders The Canadian dollar draws an accumulative pattern at today's session. We are currently seeing a breakout from the range on a large volume, which suggests taking an upward direction after quite a long consolidation in the European session
Hey traders! Seems like since few days we have nice accumulation patterns on Dollar Index. Sellers loosing power in last two days and buyers taking slowly control. Very strong buying waves on the last highs give extremely bullish patterns. Trading around upper channel line is giving information that buyers try to go high buy still they absorb short selling. the...