Supply spike suggests short term testing, but breakout confirms overall long term uptrend WYCKOFF STORY OUR LONG TERM BULLISH CALL FROM 17/10 STILL STANDS WITH INITIAL $62-63 TARGET REACHED ANTICIPATED PRICE ACCELERATION AT BREAKOUT OCCURRED ON SUPPLY SPIKE (NEWS RELATED) WHICH STILL NEEDS TO BE TESTED, BUT SUPPLY IS LOWER THAN AT THE DRONE ATTACK...
PRICE HOLDS ABOVE $58 IN THE SUPPLY ZONE INDICATING LESSER SELLING AND SUGGESTING A BREAKOUT
Local Breakout after Bullish Behaviour Suggests Further Advance WYCKOFF STORY Upsloping price structure of higher highs and higher lows suggests accumulation that happens on diminished supply signature. Last bar acts as a local breakout which is confirmed by increased demand signature. Up trending OBV suggests that institutions are actively getting into this...
Local breakout after bullish behavior suggest further advance Wyckoff Story Upsloping price structure of HHs and HLs and decreasing supply signature from Phase A to D suggest accumulation. Breakout in Phase D out of the local Last Point of Support (LPS) suggests a possible breakout above $210 and a Major Sign of Strength to come. Relative strength is...
BREAKOUT AFTER BACK UP ACTION SUGGEST COMPLETION OF ACCUMULATION AND FURTHER ADVANCE Wyckoff Story Long-term price structure of higher highs and higher lows suggest accumulation Breakout in Phase D confirms accumulation Absorption bar #1 and #2 has supply followed by successful tests Absorption bar #2 has less supply than Absorption bar #1 and it happened at...
Check out the stock of the week! ISRG Completed Re-Accumulation Trading Range and starts to outperform LONG SETUP Pattern Confirmation: Rally above $600 Pattern Failure: Close below $475 Trading Target : $510 count line + (29 boxes*3 reversal* $5 box size)=$895 Happy trading, Roman
Short-term supply produced a period of vulnerability which is being resolved through current absorption
UPDATE: Latest reaction suggest acceleration and prices above $60 Pattern confirmation: Rally into short term overbought above $60 Pattern failure: close below $53.50
CURRENT ENVIRONMENT: DOWNTREND WYCKOFF EVENT: UPTHRUST + TEST CURRENT BAR: Synchronicity to the downside. WYCKOFF STORY: Temporary absorption in October. Demand comes in, but supply still persists in the $19-$20 level FIRST TARGET: Upsloping support INSTRUMENT: BNBPERP on FTX Futures Happy Trading, Alessio
Phase C Completion suggest a quick rally above $57 SETUP: Pattern Confirmation: Rally into short term overbought at above $59 Pattern Failure: Close above $53.50 Trading Minimum Target: $51 count line + (25 boxes* 1 reversal * 0.5 box size)=$63.50 Campaign Minimum Target: $51.50 count line + (48 boxes * 1 Reversal * 0.5 box size)= $75.50 Happy Trading!
1999 POINT AND FIGURE ANALOG 2,225 count line + (39 boxes*3 reversal*25 box size)=5,150 Actual intraday high reached on March 10, 2000 = 5,132 CURRENT POINT AND FIGURE CHART Campaign segment #1 target: 7,360 count line + (11 boxes*3 reversal *80 box size)=10,000 Campaign Segment #2 Target: 6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232 Box size...
CRYPTO MARKET OUTLOOK: SHORT TERM BEARISH SHORT SELLING CANDIDATE: LITECOIN (WEAKER THAN THE MARKET) CURRENT ENVIRONMENT: DOWNTREND SETUP CONFIRMATION: CLOSE BELOW LOCAL SUPPORT IN RED INSTRUMENT: FTX FUTURES Follow Alessio Rutigliano's blog on WyckoffAnalytics www.wyckoffanalytics.com Last article: Swinging Cryptocurrencies A case study of a swing trade...
Outlook: The downtrend is still in play. Tepee formation: Urgent Distribution in Phase A, Inactivity, Excitement but poor result to the upside (Upthrust of the downsloping resistance) Bearish confirmation: FAILURE OF THE TEST
NASDAQ COMPOSITE Reasons for a speculative rally into 2020: -Partial resolution on tariffs -Brexit Resolution -China's market rallying -More liquidity from Fed -Better Earnings
S&P Reaccumulation Counts