AussieWyckoff

AussieWyckoff

* Initial peak at the end of 2021 * Sharp retrace (automatic reaction) followed by quick rally into the secondary test * Sharp fall again on most bearish volume in that period * Long phase B of about 12 months * Down moves so much quicker than the up moves * Distribution occurring through this period * Ultimate high in April 2022 forming an upthrust after...

AussieWyckoff

From September 2018 through to May 2019 this stock was in a re-accumulation phase. You can see there was a sell off in September when supply it the market and the stock pulled back. From November the stock hit support and from there we started making higher lows. We took at the top of the trading range in late February where we a sign of strength. The stock was...

AussieWyckoff

By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20. By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw...

AussieWyckoff

Since the climactic action in Bitcoin in late June, price has entered a trading range and we have had the signs of Wyckoff distribution. We will need to see the confirmation of the weakness on the right hand side of the trading range. The characteristics of distribution and re-accumulation can be very similar. A buying climax followed by an automatic reaction and...

AussieWyckoff

A clear second distribution pattern is forming. We have selling into the moves higher on the recent BC and ST by the looks of the volume. We are also approaching a re-test of the AR in the first larger distribution pattern. The downward trend that has formed also indicates a re-test approaching. Watching this closely for some reversal signals to get into a...

AussieWyckoff

Here are the Aussie point and figure charts from my previous post: "AUSSIE DOLLAR POTENTIAL FALL TO 64 CENTS - A CASE STUDY..."

AussieWyckoff

Attached is the 4 hour chart of the AUDUSD. I have identified a wyckoff distribution pattern indicating a minimum long term target of 0.6400 We also have had a smaller distribution pattern within the larger pattern play out. We had a downside target of 0.6860 come within a few pips of being hit and was a great trade to the short side. After the large shakeout...

AussieWyckoff

Since July 2018, CLV looks to have been in the process of re-accumulation. The chart looks great. We had the initial push down from $1.80 to the $1.30 area and notice the volume that came in and the close. This may have looked very weak at the time but there was a lot of stopping action taking place at this level. The strong hands were stepping in to stop the...

AussieWyckoff

Are the Aussie financial stocks about to move higher? We have already discussed AMP and how it looks to be ready to make its move after heavy accumulation. Is ANZ further along? We have seen recent 6 month highs in late February, and now a pull back. Could this be the last point of supply before marking up in Phase E? Last Friday we saw a very small spread bar...

AussieWyckoff

From 2015, the A2 Milk Company saw an amazing growth stage from less than $1 a share right up to a peak of $13.78 in February 2018. On the 22nd February we had obvious climatic action. The stock was up over 50% in two days before retracing on the 22nd. The stock began to fall. On the 16th May we see our first sign of possible buying interest again with our...

AussieWyckoff

AMP has seen a dramatic fall in the share price over the last 12 months. This time last year it was at $5.40. In late October we saw large volume, climatic action and ultimately stopping action at $2.28. The stock rallied to $2.77 which formed the parameters of our trend channel. Notice when the stock tested the $2.28 level in November and December, there was very...

AussieWyckoff

Potential Accumulation on the stock BAL - Bellamy's Australia Limited... We have had falling prices over the last 12 months, with the stock falling from $22. In October of last year we saw some stopping action occur and the stock has trended sideways. This may have been a sign of accumulation. The stock appears to have moved through the phases of accumulation....