GBP/USD FORMING 15 MINT WYCK-OFF DISTRIBUTION...SELL SETUPgbp/usd forming wyckoff distribution in 15 mint....sell side possibile trade accordingly.
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Nifty IT index 30 min chartMature stage 4 is visible in Nifty IT index after Wyckoff distribution (stage 3) played out. Will we see more selling or can the market halt the downside progress here?
An IDEA can change your life!!IDEA has been in accumulation phase for the last couple of years. I see IDEA nicely following the Wyckoff re-accumulation pattern with it making a SOS (sign of strength) right now, as can be seen in the trading range on the chart. Also with the company's settlement with the government, I expect bulls to take over now. I expect IDEA to touch Rs. 40 (first target) in about a year time. Not financial advice.
Buy Idea for WIPROI do not like writing beautiful stories and convincing you to like my idea. I'll just give you the reasons which makes me feel, WIPRO can be a good buy. Use your own analysis for execution.
Reasons to Buy:
1) Price reaching for the previous accumulation level.
2) Fundamental reason for demand as the company will distribute dividends.
3) IT sector has a tendency to rally during Mid and later half of January.
4) There are gaps to fill above.
Entry tips:
1) Consider Lower timeframe confirmations.
2) Time is a important factor, Look for buys before 18th January 2022.
Profits targets:
33% of trade @ the vacuum area.
45% of trade @ Rs 700 or on the ex dividend day
Remaining portion should be exited at new high or Rs 680.
Will history repeats itself in Bitcoin?I had observed similar type bars pattern in BTC. It's almost same as previous Wyckoff pattern in which the whales manipulated the market. Are we going to witness the same now? If that so we may see a crash of 30-40% in it.
Its time to be cautious
ALKYLAMINES short term investmentALKYLAMINES short term investment
Monthly - Weekly-Daily demand zone
Short term investment idea - Holding period 2-3 months
Entry at CMP 3422, 3375 & 3330
SL below 3250 CLBS
Target T1:3610 & T2:3920
Note(*): Please note that we are not a SEBI Registered Investor Adviser/PMS/Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options
nifty 50 wyckoff structure projectionNSE:NIFTY
this projection is taken from a different market
it should make sense to you that the price action of any asset is not random,
the principals of geometry, including fractals, lines, shapes, patterns, and more,
can be applied to and utilized, in interpreting the price action of any asset.
thankyou
Possible Breakout in Rec LtdBreakout supported by Volume. Clear Sign of Accumulation which acts as an Effort with some possiblities of Mark up. Wyckoff spring and test can be observed in daily timeframe.
USDJPYthe USDJPY is showig to us a distribution wyckoff schematic as now for the bigshort we wait for the UT level to get stops liquidated and liquidity grab to occur , i took the resistence lvl above the UT as a judas swing lvl .
Nifty - Possible Wyckoff Distribution scenarioIf Nifty doesn't close above 17450 in the coming days, we are possibly going to see a correction. In that case, the 17430-17440 zone will mark the local top in Nifty. This is obviously an ambitious idea, and it's early to assess the move. If I turn out to be wrong, then it would be a lesson and if I turn out to be right, then it will improve my confidence in my concepts. Win-win in both cases!
Explanation (from Stockcharts):
PSY —Preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC —Buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR —Automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR.
ST —Secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR.
SOW —Sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
LPSY —Last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent an exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
UTAD —Upthrust after distribution. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
RelianceA classic Wyckoff pattern which includes
1.Wyckoff selling climax
2.Price shows ease of movement on upwards
3.Change of behaviour
4.Spring has happened
5.Lack of volume on consolidation
Nifty wyckoffcurrent move in nifty seems re accumulation and today after coming in range nifty didnt move strong enough to show sign of weakness over all volume was very low. At the end of the day we can see some sell volume increasing but the down side effect was limited and next bull candle engulfed the prior 50 % move with good volume suggesting possible support. For tomorrow we can see nifty trying to break out of the range.
Hindustan Zinc - Expect Big move within a month!Expecting breakouts and highers highs in the coming days. Reasons mentioned in the CHART.
CHALOT Long accumulation last stage breakout anytimeClassic wyckoff accumulation LPS is in Breakout imminent linear targets 300, exponential 338.
All method suggesting breakoutAs per my studies of various methods, all method are suggesting a strong rally, according to price action , flat pattern is clearly visible, according to wyckoff,it's re-accumulation, and as per elliot wave ,wave 2 correction is going on, main thing here as an all the methods are suggesting that trend is still upward, one may adjust their target as per his own methods. Flag target is lenght of the pole, elliot target 1.618 of wave 1.
Reliance Looking Strong for a Target of 2500 in JulyThe price action in reliance is forming an ascending triangle structure and looking for a sharp breakout to 2500 range as per wave analysis in the month of July .Makes for a good Swing Trade.
RSI is looking very strong indicating heavy buying to be coming in shortly volume and also indicating the wyckoff accumulation which has happened already. It should rise sharp from here.
BTCUSDT first chart This is how i Think wyckoff might play out for BTCUSDT
however I also think there could be a bearish movemen in BTCUSDT due to breaking the lower bollinger bandso btc is sure to fall to lower than 28K for sure in coming times
