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Wyckoffmethod

2 weeks ago the key was to wait the pullback, and now ? - LDTP#5Let's do the point ! Long time past since the last update, if you read it, I said I will wait for a pullback on the imbalances to gauge the buying force and potentially new entry setups (you can find this ideas attached to this one). And so ... Here we are. And another time PATIENCE was the key to not fall too rapidly in (maybe) a bull trap for retailers. So, we had a first stop on the first imbalance area, no signal in it so that why I waited this second area to post another update. Furthermore we already have an interesting thing : on lower timeframe (5 minutes) we have an accumulation pattern of Wyckoff in construction and I will post picture of it with more details later in this idea. This setup is for me the first to focus on because if we fail in the spring I expect the price to go down to $35,000 AND SO the fail of the pullback on the imbalance AND SO a retest of the support area in the next days. If the Wyckoff pattern succeed, it will be a good opportunity to see nice pressure candle on higher timeframe (4 hour probably) AND SO the opportunity to see the basic pattern = Exhaust - Pressure - Volumes. I want to add that for the moment volumes aren't convincing, they don't show interest for the level or from buyers, so buying volumes will have to be brutals to expect a long term bull conclusion. Don't forget : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" PS : Like, follow or comment if you like, it give me some strength to continue! This idea will be probably update until I did a new idea.
by Kentg
EURUSD With a New Wyckoff Cycle The price action of the EURUSD is currently behaving as per the expectations of the Wyckoff method, and this week's economic releases are likely to bolster this trend. There was a temporary break in the new Markdown, which was represented by the formation of the Flag pattern. However, the breakdown below the 38.2 per cent Fibonacci at 1.13524 indicated the continuation of the Markdown. At present, the price action is probing the major support level at 1.13190, underscored by the 500-day MA (in blue). A breakdown below it would allow for a dropdown towards the 61.8 per cent Fibonacci at 1.12642. The previous swing low at 1.11400 represents a deeper target.
Short
by Trendsharks
NZD/JPY 4H Wyckoff 23:1 Risk to Reward RatioWyckoff Trading Method is amazing to understand the market and the big players who move the market. The idea is to understand when the market consolidates and wether it is in a distribution/re-distribution phase or accumulation/re-accumulation phase. Wyckoff gives you a big Risk to Reward Ration if entered right. In the NZD/JPY attached picture, the price consolidated and before it there was a change of character, there I have identified the PS (Point of Supply). Then the SC (Selling Climax) and AR (Automatic Rally) were identified alongside ST (Second Test) to mark the end of Phase A. Trading Ranges are identified by SC & AR. Phase B had an Ultimate Thrust followed by an ST for Phase B. Phase C is where the big players trick you into thinking the price will go down while in fact the want to push it up. That is called the Spring which is then followed by a Test. The Test usually happens to gather the hedge funds companies to join along. Phase D is where we see Signs of Strength and could be followed by a Last Point of Supply for any companies to join along. You could enter a trade in Phase C or Phase D only and you could even go on lower timeframes for better entries. You have to have patiences when trading Wyckoff because you could have Re-accumulation instead of Accumulation. In our online courses, we'll teach you how you can identify the difference :) Please share and support and let me know what you think in the comments section. Thanks !
by yousifkf
BTC USD Nearing Support in the Daily TimeframeShown here is a brief re-accumulation trading range (Jan 22, 2022 to the present) for BTC USD in the daily timeframe. The upper and lower boundaries of this trading range are given by the horizontal black dotted lines. The gray shaded areas show support and resistance zones. Significant bars, which help define important areas of support and resistance, are given by the blue shading. The upper and lower bounds of the linear regression channel are given by the solid green and red lines, respectively. The solid black line is the midpoint of the linear regression channel. In this case, I expect the upper bound of the linear regression channel to act as strong resistance and the lower bound of the linear regression channel to act as strong support. Shown in the bottom panel is the Phoenix Ascending indicator, comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the grey energy (GE). The ideal long entry occurs when the red sRSI is on the upswing and is about to be contacted by a green EMA on the upswing. Wyckoff abbreviations: automatic rally (ARa), back up (BU), last point of supply (LPSY), last point of support (LPS), phase A (Ph A), phase B (Ph B), phase C (Ph C), phase D (Ph D), phase E (Ph E), secondary test (ST), selling climax (SC), sign of strength (SOS), sign of weakness (SOW), upthrust (UT). With regard to Wyckoff events, opening a long position on the BU/LPS typically is a pretty safe entry. The Phoenix Ascending events suggest that it isn’t quite time to open a long position. For example, it’s generally a bad idea to open a long position with the sRSI trending downward. It would be better to wait until it trends upward again. Patience is key to consistently profitable trading. I would consider opening a long position around $41,600 and closing the position around $48,500. Let’s keep our eyes on this and act accordingly. I will provide an update with regard to my actual trade. This is not financial advice. I am not your financial advisor. This is my opinion.
BITSTAMP:BTCUSDLong
by Eightchains
7
MONDAY LIVE: SPX500 AND FOREX - FEB14Hi Traders, This is my view for this week on: - SPX500 - XAUUSD - AUDJPY - EURGBP - EURJPY - EURUSD - GBPUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. PIt ———————
by kitchen_trading
JICPT| Tencent in the late stage of accumulationHello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention. From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion, Tencent is in the process of accumulation, perhaps, the late stage. The upper boundary of the sideway channel is HKD515 to HKD528. I'm looking for big size candle with high volume to take over it. By setting the alert, let's see how it reacts to the boundary this time. The next target after confirmed breakout is HKD644. What do you think? Give me a like if you're with me.
HKEX:700Long
by JICPT
7
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