Here I will likely short 95-96 to continue the ongoing beartrend in gold.
Gold is currently inside a daily/4h bear channel correction to lower 1800 weekly/monthly demand levels. Overall trend for gold is still bullish on the weekly/monthly, so a buy in the 1800s is a very good opportunity, which would mean forming a Wyckoff Phase C LPS for a potential rally to 2000 by December or next year. Failing 1800s or holding 2000 level would...
Here is my current outlook on the potential Supply and Demand aftermath of today's grab of 1925 Institutional Orders on news release. It does seem to me buyers are still heavily in control and are looking to fill out more bids higher up from 1925. This would mean looking to target BEYOND 1987's now filled and confirmed weak supply ...
With the recent rejection at 1928, gold could potentially be in the last events of a month's long accumulation, to eat all the short liquidity above 1985, and potentially all the way up to the 2k break level, and test price at those lows.
With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly...
Here Gold is potentially about to break to the upside again, following wyckoff principles. Let's see where this takes us.
This my main long term perspective on gold's loooong descending channel since 2070. In my view, this is just an over-extended bearsqueeze due to the strengthening Dollar Index which would ultimately reach 120 soon, and ultimately peak. Market Makers are bullish overall and choosing to extend price action for as long as it needs to, and exhausting off as many...
Here is a potential move on Gold to the downside, based on recent Bullish mitigation events and the fact we touched a major Weekly Supply zone, and that the bullish trend from 1680 is long due for a small correction down to an estimated 1770 or 1753. (Disclaimer, NOT FINANCIAL ADVICE)
Here is my take on current gold PA. We have successfully tested last week's highs and given a very choppy shakeout for bears to feed on. So far everything looks set for a re-accumulation, with FOMC as the catalyst for this move.
Great trade, based on Wyckoff Method coupled with 2x VWAP/100ma/Volume setup for price action. Exit at 44k respected beautifully. Bitcoin could be on the road to healthy bullish recovery if we pass 45k.
One of my best trades to date. The price fell asleep along the breakout VWAP and exploded to target overnight, despite the FOMC meeting that same evening. Really happy to have I caught that move.
Here we have the moment of breakout for gold above the 2 year wedge trendline. Historic times !
Here is my take following Wyckoff principles on the current potential bottom for BTC. We have currently left the range and onwards to a slow yet, possibly certain breakout. Let's see !
Hello Traders We are nearing the end of a 3 weeks trading range on gold. Liquidity for demand was grabbed at the lower levels all this time and we might be on to another Lower Low and/or Spring action for an explosive rally to the upside. Possible TP would be 1825, and any long term TP could be the 1900s, but as always with gold, tread very carefully and dont...
In this backtest I am relooking the re-accumulation on a diagonal TR that happened on the 1721 bullish breakout for gold, and where to place a tight entry on the LPS/SOS. This is purely for education purposes.
I just wanted to share this backtesting chart I did to show how to prepare a Wyckoff Re-accumulation scenario and trade the breakout like a boss with a super tight SL on at Break and Test level. Enjoy !
I noticed earlier today the first signs of a Wyckoff distribution pattern being filled, and was later confirmed by strong Sign of Weakness below the days Lower Low. A series of Last points of Supply following the Upthrust and we were set to complete phase C and D. We are now expecting gold to continue its slope to range in lower levels. 1760 is to looking...
Due to recent events of an unprecedented and MASSIVE rally to the upside on the test level buy order block at 1721, are we finally at the dawn of that long ride towards the +2000s again ? Daddy Wyckoff seems to agree to that so far ...