Update to a previous idea.
ความคิดเห็น:
Check it out!
ความคิดเห็น:
Made this on mobile. One can strongly argue for a Wyckoff distribution phase with UTAD (up thrust after distribution) where Jan ‘18 is PSY (preliminary supply) and October ‘18 is BC (buying climax). However, my issue with this, and why I didn’t originally chart it this way, is that buy volume peaked in January not October. Still, this makes a good companion chart to original.
ความคิดเห็น:
What a day! SOMEONE is certainly trying hard to keep this market up. Regardless, bearish signals keep emerging.
ความคิดเห็น:
Interesting...
ความคิดเห็น:
Looks like price is technically still in UTAD phase C given the subsequent bounces off UT and BC prices. Price should proceed by dropping far below BC price line.
pbs.twimg.com/media/Dc3dgj9X0AcLkCC.jpg
pbs.twimg.com/media/Dc3dgj9X0AcLkCC.jpg
ความคิดเห็น:
ความคิดเห็น:
Still overall bearish, but price could rally short term. Depicted structure could be an ascending triangle (bullish) or rising wedge (bearish). Very shallow slope of top line. Based on smoothed Helkin Ashi candle price, not actual close price.
ความคิดเห็น:
Pattern is the focus here. Time period could be inaccurate. Follows Wyckoff distribution.
ความคิดเห็น:
Also, chart is based on smoothed HA candle indicator. Therefore actual price will be higher/lower than indicated prices.
ความคิดเห็น:
Might as well share this here too. First published this concept as an idea in April. Here it is but via smoothed HA candles.
ความคิดเห็น:
Comparison to 2000-2008 and EW count based on a volume profile. Both corroborate top is in.
ความคิดเห็น:
See that volume profile rise and price start to retrace. Price confirmed downwards breakout.
ความคิดเห็น:
Inverted price scale.
