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Wyckoffmethod

GBPJPY to Reverse From the 23.6% Fibonacci The pound was temporarily bolstered by today's policy decision of the BOE on which the MPC decided to increase the main interest rate to 0.50 per cent. However, the price action looks incapable of breaking out above the 23.6 per cent Fibonacci retracement level at 155.699. That is why the current Flag is likely to be followed by a dropdown towards the 38.2 per cent Fibonacci at 154.419, as per the expectations of the Wyckoff Cycle theory. Notice that the latter is currently converging with the 50-day MA (in green), making it a more prominent support.
Short
by Trendsharks
Looking for a potential beginning accumulation structureIt's too early to say, and, take with a grain of salt. But I think it's worth watching from here in case this is the beginning of a lateral accumulation movement. I'll be watching for more key events such as an automatic rally to the top of the structure, and over time further tests of each side. We'll have to wait and see. Clearly the stock came out over valued, had a typical IPO pump and dump, so it makes sense for investors to look for a lower accumulation zone. Hopefully this is a suitable location. PS... I am but a learner of the wyckoff method. ;)
NASDAQ:RIVNLong
by Rolleys
IBM on 4 Hour Popping Cloud Continuation from YesterdayShould be hitting the white BB from the Weekly. You should see price interact with Orange BB on both sides meaning hitting resistance and then passing it and making it support. This is seen through one of our member only indicators where it combines 4 time frames Bollinger Bands so you can see different levels of support and resistance once it breaks your current time frames BB. This is based on an ideology I came up with that once Price Breaks out of a BB its not just floating in space. As all time frames are fractal in nature. meaning what is out of the BB on one Timeframe is actually just a normal move inside the BB on a larger timeframe. This move should make it to the white BB which would make this trade a 1 to 2 risk to reward.
NYSE:IBMLong
by iCantw84it
2
IBM on the 1 hr popping the cloud meets all criteria easy $300We had a poppin of the cloud on IBM on the 1 hour with a 4hr Verifacation of Green candles. There was a link to the previous high and dip with Current indicator candle having significant retracement to one of these levels. We had the indicator candle. And we had a break of the last previous high. All things checked took the trade for an easy $300 same day. Option Call. Stay Tuned I believe there is more to come from this stock on a longer time frame. I will link it to this post. by iCantw84it 11/25/22
NYSE:IBMLong
by iCantw84it
2
bitcoin finishes up correctionWrote the schematic of a Wyckoff accumulation on the chart of bitcoin. Schematic explanation: Starting with a sellng climax (SC) and a secondary test (ST) where volume is still great. After phase a completes, volume starts to diminish and liquidity gets created by the secondary test in phase B (ST B). This liquidity trendline gets taken out by the forming of the SPRING. Here volume starts kicking in again and structure to the upside gets broken. What’s next: very often after a spring is created and we break structure to the upside, we create a sign of strength (SOS) and come back down towards the spring to test it (black arrow). If this will happen is still uncertain. Big picture: The reason I’m looking for a reversal point (Wyckoff accumulation is a point of reversal), is because bitcoin has just entered my 3D point of interest, ranging from around $29.3k $34.5k. This is where we should see bitcoin reverse and start pumping again. If we drop below this point of interest however, we could be looking at a lot more downside in the near future.
BLong
by Juniorl09
Will GBPJPY re-test 153.4 level ? P&F target updateThese targets were estimated by Point & Figure chart. We'd like to see price pullback then continue drop. There's a strong demand zone at 153.2-153.4 level. They're not reversal levels. If you find the article useful or interesting, Let's comment below ! ------------------------------------------ Attention about this GBPJPY analysis This is my personal idea and analysis only. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
by UnknownUnicorn33462838
BTC will create a wide range area between $ 30,000 to $ 40,000Hi Bitcoin reached the $ 34,000 price range, as we had previously predicted. (See the idea below-January 9). Today Bitcoin is in the 35000$ area. But what is the next? My idea is that Bitcoin will create a large lateral movement area in this area (between $ 30,000 and $ 40,000). Bitcoin stops in this area will not be short (it will swing in this area for at least a few weeks) But in order to determine whether Bitcoin will leave the area with a break-up or break-down, we will have to wait to see the price action inside the area in the coming weeks.
COINBASE:BTCUSD
by cryptoonchain
GBPJPY analysis today, scalping in US sessionWe're holding short positions so, here's just scalping idea. Let's wait and see how the price reacts at these levels and plan accordingly. We need a strong reversal structure to confirma before enter long positions. If you find the article useful or interesting, Let's comment below ! ------------------------------------------ Attention about this GBPJPY analysis This is my personal idea and analysis only. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
by UnknownUnicorn33462838
BULL ANALYSIS (Wyckoff Reaccumulation) - COPPER (HG1!) - 1DWHAT WE HAVE Daily Wyckoff Reaccumulation pattern Monthly / weekly linear up trend Bull monthly channel (waiting for contact with resistance) WHAT I THINK One of the best view we can see here for a reaccumulation and continuation setup. This isn't a signal for entry on market for the moment but here we have the context. Should we expect a spring ? No, I don't think so, volumes decrease during all the reaccumulation, furthermore creek have been already jumped. So I will more expect a retest of the creek support. With a signal in it, it should be a nice entry spot, but if you prefer wait for a spring and doesn't happen, don't jump in market desperately. You will have to wait signal on the last point of support after SOS like I will do if we don't have signal around the creek support. It's always frustrating to buy the top of the range but it's always better to enter in a strategy pattern than on emotional reaction. What should we target if plans happens ? First target should be the top of the monthly channel with profit taking. Before that always secure your losses to breakeven. If you enter around creek support or on a spring, it's important to be breakeven at the moment you see the SOS appears (it's not fool to take profit on it too). Market can always reject the price and go down again to the support or even worse go for a more deep consolidation. After that, if we reach the top of the channel : if you see short signals on it, close your position ; if we break it, just let run your profits to higher targets. Macro economically we have a good setup to see the materials sector growth, we are in an up trend on every higher timeframe, we have continuation pattern, stars are aligned to see nice move in this way. Like I say frequently : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . Here we have probabilities and strategy so don't let your emotions guide you and follow your plans. PS : Apologize for my english, I do my best. I wish you all success you need for 2022, on every side !
COMEX:HG1!Long
by Kentg
8
XAUUSD Wyckoff Accumulation - Don't get caught out!Illustrated above is a break out of an accumulation set up which should see gold recapturing the price levels it fell through last week. The immediate upside price objectives are 1802,1811 and 1828. Last weeks decline found preliminary support (PS) at 1794. This temporary relief is usually followed by what is known as a selling climax (SC) which took gold down to 1786. We saw first signs of exhaustion at this stage confirmed by the automatic rally (AR) back towards the preliminary support (PS) , before a secondary test (ST) saw price retracing back towards the climax lows. What follows next usually leaves an asset temporarily range-bound and is characterised by several rallies and secondary tests; the highest and lowest price points outlining the support and resistance levels for the range. An initial a sign of strength (SOS) signified that a bottom had occurred with buyers emerging. This was subsequently followed by another sell off which often breaks the selling climax (SC) lows briefly. A key indicator to look out for at this stage is volume. Lower volume than during the initial selling climax (SC) indicates a possible (Spring) with confirmation of the Spring being further strengthened by another attempted sell off to the last point of support (LPS) which witnesses price bouncing back off the support line identified during the earlier stages. From this point onwards, price is expected to retrace back up and break out of the range targeting previous levels of distribution. Whilst the longer term technicals and sentiment remain bearish, bulls have the near-term technical advantage. A daily close below 1785 will be required to change this near-term outlook. We can expect for gold to retest the 1828-1834 price level again. A successful break of this could lead bulls back up to the 1855-1860 level. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
FOREXCOM:XAUUSDEducation
by BeyondEdge
7
Unique GBPJPY technical analysis, see price action at 3 levelsUnique GBPJPY technical analysis Today, we will see price action at 3 levels If price approach with compression, it's a good sign. In case the price shows signs of rejection of these levels, We can wait for reversal structure to enter short positions. And we recommend trading only when there are enough confirmations with RR from 3:1. If you find the article useful or interesting, Let's comment below ! ------------------------------------------ Notes on using this GBPJPY trading idea This is ONLYGOLD team's idea and analysis. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
by UnknownUnicorn33462838
USDCNY Establishing a New Accumulation Range The price action of USDCNY is currently establishing a major Accumulation range, as postulated by the Wyckoff Method, between the support level at 6.3450 and the 23.6 per cent Fibonacci retracement level. The completion of the preceding downtrend, underscored by the descending channel, is confirmed by the completion of a 1-5 Elliott impulse wave pattern. A potential breakout above the upper limit of the channel could signify a subsequent test of the 23.6 per cent Fibonacci once more.
by Trendsharks
1
Unique analyis for USOIL, Wyckoff P&F targetsAs you see P&F chart on the right. USOIL is bullish . Price can reach 85.5-86.6 as our estimating targets. We'd like to see price going up to grab liquidity above previous highs. Now, we're still holding long positions. If we have a distribution, we can think about selling USOIL after that. If you find the article useful or interesting, Let's comment below ! ------------------------------------------ Notes on using this USOIL trading idea This is ONLYGOLD team's idea and analysis. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
TVC:USOIL
by UnknownUnicorn33462838