After a long downtrend $MU bottomed out and began a period of accumulation. It looks like $MU is about to enter the mark up Phase E and start a new uptrend. Besides the purely technical analysis, I want to point out that Micron Technology's business is a very cyclical one. About 60% of Micron Technology's revenue comes from DRAM, the rest comes from 'NAND'.The...
The market is again testing the Last Point of Support (LPS). These tests are noted by smaller spreads and diminished volumes. There is consistent dominance of demand over supply. Price has moved to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. We have reached such a point at the yearly PP and...
To confirm our analysis we are looking for a consistent dominance of demand over supply. Volumes are low in general but up moves are supported by higher volumes (21 day average volumes) and pullback even lower volumes. Price spreads are widening with the up move evident in TDI above 50%. The reactions at LPS are on smaller spreads and diminished volumes. Price is...
Similar to the NZDUSD pair we are looking for the breakout in Phase E to start of a Wyckoff view of the market. In Phase D if the analysis is correct we should see a consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, and reactions (LPSs) on smaller spreads and diminished...
Apparently the mark-up has not started. The NZD is showing weakness with divergence on the TDI and a break of the 21 Day OF. A great analysis by @IvanLabrie () seems to confirm this weakness. So I was too quick to call the start of Phase E. In Phase E if the analysis is correct we should see a consistent dominance of demand over supply. This is evidenced by a...
Been zippin through the timeframes. Looks to me like there's some accumulation going on and there's potential for a move upwards to last lost support.
I have been adjusting my view over the past weeks. My main view is that we are in an accumulation phase using the Wyckoff analysis. Sticking to this view we could have seen a back-up (BU) to the last point of support (LPS) at the resistance lines. If this holds we are now seeing the final test of supply around the area of resistance before a more substantial...
Last week I was wondering if we reached the ind of the ZigZag. On the weakly time frame price has broken above the Kumo. Looking at the daily chart the yearly pivot point has been broken and retested as support. The 55 day Oscillation Frequency (OF) around the Senkou Span B has held since September 2015 but now a break to the upside is indicating that the market...
ZG shows accumulation of position. Intraday behavior looks like limit seller presence with price stepping down.
The INDEX:MXX are in the accumulation zone at the weekly graph, and at daily and weekly graph are close to the end of an uptrend cycle. No more than 45900. this is a nice opportunity to go short or go out for few weeks. Ideas, comments, corrections. They are always welcome.
VRX is offering a good buy opportunity for next week, after taking off from a sizeable accumulation base. We can buy signs of strength (a new high, or the day turning up above the previous close). We can also look into buying on retracement to support at 34.92. Keep stops below 33.35 and if we open with a considerable gap up, cancel the orders and stand...
PBF has broken the inside downtrend line, forming a mode after rallying above earnings resistance. Free cash flow has turned positive recently, and the stock looks to be accumulated and ready to rally very soon. The dividend yield is quite attractive and I think we can see some nice upside in due time intil FCF yield is low again. Look to enter longs at market,...
Edit: In the text inside OBV, there is a mistake, it was meant to be written "to last ST". Sorry for the mistake! An objective of the Wyckoff Method of technical analysis is to improve market timing when establishing a speculative position in anticipation of a coming move where a favourable reward/risk ratio exists to justify taking that position. Trading Ranges...
Following up from my tweet on 10th Feb 2016 about $BTCUSD: "Bitcoin looks like it's about to break out this week. #drumrollplease" twitter.com ====== Bitcoin has broken up from its short-term consolidation zone as shown in the pink triangle on the right. Although heavy volume candles have not shown themselves in this $20 move so far, trading volume should...
twitter.com If you are familiar with this image, you'll understand very well that market crash cycles can be found in every corner of the market. With the only similarity between all markets being the human beings behind the money (price), it would be sensible to think that the psychology & emotions behind these humans play a pivotal role in understanding...