We all know that moving averages, in particular, moving averages of closing prices tend to be highly inaccurate indicators and frequently miss major tops and bottoms. In backtesting, they tend to be accurate some 30 to 40% of the time which is to my way of thinking unacceptable. On the contrary moving averages of opens versus closes for highs versus lows, when...
First of many to come, i have attempted to analyse a chart using a wyckoff strategy. Any feedback appreciated.
CFX has been under the accumulation zone for a while now. We can expect a breakout soon. The last time when it was under the accumulation zone and a breakout happened, CFX exploded almost 190%. We may see a similar move happening anytime soon. 1st of November, CFX has its NFT event happening in NYC. You can trade CFX on spot as well a margin trading (if...
H4/BAT Update: Signs of a rejection up, 13:00 UTC, 12/10/2021
H4/BAT Update: Slowly marking lower, 06:00 UTC, 12/10/2021 Still a long way off from $0.50 w/ 3x $0.05 cent price levels from it Price crossing under the 200 EMA, along a freshly-created DTL Buy orders hanging at $0.75 & $0.50 for an accumulation
I do expect it going back to 3., but a break on strong signs of maintained demand upside the 2.40 area would need to happen first. And considering how selling interest has been showing an importance presence, I expect it to tap it 2.0 more times before it happens having it decreasing further more. Consolidate still to the right more accumulating. Daily ...
this currency is acting like it is in a wychoff accumulation phase, let's see if a new bullish movement can start. I will enter on a retest of the trading range from the consolidation phase and try to hold up to the 30ies and trailing my stop. Risk-Reward = 1:3
Amazing example of a Trading Range following Wyckoff Schematic #2. In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases...
Basic Introduction to the Wyckoff Method: school.stockcharts.com Current Schematic: ibb.co Old Ideas: --------------------------------------------- Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare...
Idea is based on Wyckoff theory. Although the price action has elements of distribution present (e.g. the lower low on the secondary test in phase B which could indicate a minor sign of weakness), I believe a more probable scenario is that we are currently still in an accumulation phase. Price held at the selling climax level and both supply and downward result...
This Idea is based on Wyckoff's theory. Considering the current bearish sentiment in the markets, it is from a contrarian perspective not improbable that we are actually in an accumulation phase indicating significantly more upside for Tech stocks and the Nasdaq. Also, this aligns with my previous long term analysis of the VIX which indicates that the current bull...
Watching for a change in Market Structure. Sideway accumulation, Confirmation of bullish momentum is key here before making a move. Break and retest of 0.03c area = Entry Invalidation - Break of current support
Wow, just wow! We have literally slashed all the important resistances i mentioned in my previous post. Except ONE. One last beast is still waiting to be left behind at 54.200. Although we have crossed it with momentum, it's the most dangerous one that has sent us 25% down. It should not be lost at all costs. Bad news is, we have also reached almost at the...
Hi all, Looks complicated but really isn't. The dashed green trend lines are the neck lines of previous head & shoulder patterns and we are about to touch them. So, obviously, a reaction is to be expected which will give us a new higher low that will form the left shoulder of the inverse H&S pattern. This is also the Last Point Of Support (LPS) of the wyckoff...
Hello my beauties. ALGO/USDT is in a phase of reaccumulation. We are now waiting for the markup, and it will probably lead the prices around the 3 area. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Hello my beauties. I think Google is completing a phase of reaccumulation, and it might jump above the trading range soon. The arrows do not indicate exact price action, and the trade setup needs to be verified through accurate observation of the developing event in the price action. If you find this idea to be helpful like, follow, and drop a comment below if...
Hello my beauties. I think HP might be accumulating. The range is clearly defined, but we need to understand whether this was a spring or a sign of weakness. Regardless, we will wait for the price to react to the top of the range by whether breaking it and retesting it successfully, or by breaking out and quickly recovering beneath the red line. If you find this...
Hi fellas! This is what accumulation DOES! You will not go up before everyone turns bearish! Even the best traders i know were heading for 37k and boom, stops were hit! Lessons learned, never short the support! (once again!) Now, this is the Show Of Strength moment (SOS) in this accumulation zone. It was quick right? Patience pays off! We had literally tested...