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XAUUSD " Wyckoff Trading Range" XAUUSD " Wyckoff Trading Range" On an hourly time chart, the Wyckoff trading range and accumulation have been spotted. According to the Wyckoff theory, the price may hit the support level again to exit the odds from the current trend. Look at the above chart: "Secondary Test has been completed with Good Volume Spike." This is where many traders would exit their position, which is known as Stop Loss hunting. Price might rise again. According to the Wyckoff theory, we may see some bullish signs until 1800$. Happy Trading
FX:XAUUSDLong
by TheNewsCrypto
1
The Wyckoff Method: A Framework for Market Analysis The interplay between the Wyckoff Cycle and Altcoin Season can offer valuable insights into market movements. The TOTAL 3 chart, which tracks the market cap of cryptocurrencies excluding Bitcoin and Ethereum, serves as an indicator of the market's interest in altcoins. An upward trend in this chart, coupled with a decline in BTC Dominance, can signal the advent of Altcoin Season. Understanding Bitcoin's position within the Wyckoff Cycle can further refine investment strategies by identifying optimal times for altcoin investment. Navigational Strategies for Altcoin Season Navigating Altcoin Season smartly is like mastering the art of shopping during the biggest sale of the year. It begins with keeping a close eye on Bitcoin, as its popularity wanes can signal a ripe time to explore other coins that might be gaining traction. Understanding the market’s natural ebb and flow, much like recognizing the best times to buy or hold off, plays a crucial role. Diversifying your investments across a variety of altcoins can protect you from the blow of potential losses, similar to not putting all your eggs in one basket. Setting clear goals for when to sell, whether you’re up or down, helps avoid impulsive decisions driven by market hype or panic. Staying informed with the latest news ensures you make educated choices, akin to always learning new strategies in a game where the aim is to buy low and sell high, but with wisdom and foresight. This approach to Altcoin Season, wrapped in a strategic and informed mindset, empowers investors to navigate through the volatile crypto market with confidence and skill. Charting a Path Through Altcoin Season Merging insights on BTC Dominance with the analytical power of the Wyckoff Cycle arms investors with a robust toolkit for navigating Altcoin Season successfully. Given the intricate and unpredictable nature of the cryptocurrency market, adopting a strategy that emphasizes patience, careful planning, and continuous learning is crucial. For enthusiasts eager to dive into the market's subtleties, Altcoin Season offers a thrilling avenue for discovery and possible profit, supported by astute decision-making and a deep grasp of market trends. Always prioritize strategic positioning and risk management!
CRYPTOCAP:TOTAL3Long
by Mudrex
EIHOTEL Trade Analysis for Buy using Wyckoff methodWyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Final View Bullish on stock with entry marked on the chart
NSE:EIHOTELLong
by ksujit08
TATAMOTORS Trade Analysis for Buy using Wyckoff method. Wyckoff Story Prior to trading range we were in uptrend and then we have BC and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias. Volume Analysis In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias. We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Spring We have spring in Phase C Jump Across the Creek (JAC) we have JAC in phase D with good volume indicating institutions are present in buying.
NSE:TATAMOTORSLong
by ksujit08
1
Decoding Westlife: Market Rally and Anticipating the Next MoveHello Traders! Today we're revisiting our analysis of Westlife from June 6, where we discussed the breakout of a Head & Shoulder pattern. Let's dive in! On June 9, our suggested entry triggered at a retest of the H&S breakout at 825 . From that entry point, the stock rose to a level of 1024 by September 8 — a gain of nearly 27% . This movement aligns perfectly with the Head & Shoulder target method. This method measures the vertical distance from the head to the neckline of the pattern. The same distance becomes our target from where the breakout happened. Now, let's understand Shortening of Thrust (SOT): What is SOT? SOT stands for Shortening of Thrust, which is a trading term that indicates potential trend weakness. It’s used to identify the end of moves. SOT is part of Wyckoff trading theory. Thrust refers to the distance between the current swing high to a previous swing high (in an uptrend) or swings low (in a downtrend). Increased thrust is a sign of potential trend strength. Shortening of Thrust is a sign of potential trend weakness. to learn more check below post: On the monthly timeframe, we can observe a Shortening of Thrust (SOT) , a sign that the current uptrend may be losing thrust. The price is currently stopping at its daily EMA50 and the uptrend line. There's a chance for a pullback from these levels, but the odds are low due to the SOT observed on the monthly candle. To summarize, if the price does not break above 1020 after a potential pullback, we may expect further weakening of the trend. If the price doesn't take a pullback from the current level, it could fall further as the monthly timeframe is showing weakness. 🔮 Possible Scenarios Ahead for Westlife 🎯 If the price pulls back from the current level and breaks above 1020, we may see further upside. If the price doesn't pull back from the current level, we could experience a downward move due to the weakness shown in the monthly timeframe. Please note that this article is purely educational and should not be taken as financial advice. Always do your own research and consult with a professional before making any investment decisions. 🤝 Thank you for your continuous support, likes 🚀 follows, and comments. Your engagement keeps me motivated to consistently provide valuable content.
NSE:WESTLIFE
by AfnanTAjuddin