In the heart of ARZ Trading System, is a candle that we call it MC (Master Candle). Any time that we see a candle that matches following description, most likely we will have a ranging market, with specified range of oscillations: 1. Candle itself is in the direction of the trend 2. Body of the next candle is within high to low of this candle 3. In the next...
The ARZ method is based on Wyckoff. The base (range) is MC which you can see in the chart. After breaking of this range, if price moves in one direction and stayed in the momentum (Bullish or Bearish with acceptable retracements), we expect the movement to continue on. Here we see price has achieved 3 of the targets which are: $0.00031, $0.00045, and $0.00059 ....
We have to see a cross and close above $0.0003134. If happened, this upward movement will continue. Otherwise, there will be a big retracement. What ever happens, I'm holding tight!
If current candle couldn't cross and close the high of previous candle, most likely there will be a deep retracement happening afterwards. This is a ranging market.
In 1H, if current candle closes as a weak candle (eg. bearish/bullish Pinbar), we expect the continuation of the downward movement. Target would be $0.0001539. Otherwise, if after this candle, we see a strong bullish candle; then upward movement will continue and the next target would be $0.0002199. After reaching on of these two levels, we have to analyze again.
It Engulfed the ECP of 4H timeframe, and came so close to PCP of 4H timeframe, but didn't meet it. So most likely we will see another dump to FO the buyers and then pump to start it's up movement.
The very first time that Volume in down movement is greater than upward, it means we are ether in pullback after PSY, ST(A), or ST(B). All in all, it means we are close to the end of the uptrend. After that, we will see that the movement to the down has more volume than up movements.
After confirming the horizontal TR, we should wait until continuation or reversal of the main trend reveals. After that, one of the best indications for continuing our bias is to watch how price reacts to the parallel trend lines which described above.
As we see, We are in phase D in weekly timeframe. Because of that big bearish bar, it most likely the downtrend will continue to one of the resistance levels. So for long term investment it's better to wait for the BU to continue uptrend.
We are in phase D, so we can enter on previous HH breakout, or wait for LPS to happen.
For next days, I'm looking to short on AUDUSD. the final entries would be the points of specified pullbacks.
We are in phase B. This means that we have to do nothing! and wait for more information and getting to phase C.
As we see, the EU is showing the characteristics of phase D. So we should see LPSY (LH) and it should continue downward.
Wyckoff-ian Analyze of possible future trend for BTCUSDT - 27th June 2021