Weakness as explained on chart. A fall below the ice, closing below $7,000, will confirm BTC Distribution Phase (Top). Closing above $8,400 will falsify the analysis.
Compares a stock's relative strength against Malaysia market index (FBMKLCI)
- failure to break above 3,130 - Broke Uptrend line - Bearish MACD 1st TP: 2,960
- HSI failed to stay above 29,241 - Broke Uptrend line - Momentum stayed bearish with bearish divergence 1st TP: 28,200 Stop: Above 29,241 will falsify the above set-up
Signs of bottoming in progress for COINBASE:BTCUSD with probable 1st objective at $5800. A break below 3190 with strong volume will falsify the analysis. In addition, despite pull back, our proprietary FFI indicator is suggesting that price continues to experience fund inflow. Analysis as stated on Chart. TP: 5800 SL: 3190 Blog: brandonleu.com
- Broke out from "Ascending Triangle like" pattern - Larger Inverse H&S pattern breakout - Strong bullish MACD momentum (trading above zero) - 1st Objective 96.50 - Potential 98
Charles Schwab (SCHW) Entering Mark Down Phase Distribution Phase Observations: -Upthrust (Failure to mark Up) - Uptrend Line Broken - Sign of Weakness (Fall Thru Ice) - RS Negative - FFI Negative 1st Target: US$42.96 Comments: Trading risk will be reduced, if entry when price makes an LPSY to retest previous Ice (support-turn-resistance zone) Risk: A break...
TVC:NI225 is expected to re-test its distribution range low, which is also a previous support level at 20,400 level. Supporting Claim for Downward Bias: - Index Broke below its Uptrend Line (stride) - Uptrend line has turned into resistance for index (Bearish) - Experienced 2x Upthrust (Failure to maintain new high) 20,400 Level Objective based on: - Previous...
After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 1st objective 9,800. 9,800 target was established based on: - 2.168% Fibo projection - Previous Resistance-turned-support - Whole Number (Close to 10,000)
Seldom apply Wyckoff Method on Indexes. However, we seeing distribution characteristics that are hard to ignore on the TVC:KOSPI (Weekly). The characteristics provided technical evidence that the index has completed its Distribution phase and is expected to enter the Mark Down phase. Applying Fibo to project downside target objectives.
Gold is seeing supply diminishing as price broke out of the downtrend stride (line) an registering higher lows within its consolidation zone. In addition, with both technical indicator MACD and FFI turning positive, we expect gold to breaks out of the accumulation zone.
STI is Expecting Further Weakness - Broke Out of Re-distribution - Bearish Change of Character - 1stTP: 3100 2ndTP:3000
Oil (Brent) showing signs of Distribution: - Expecting Oil (Brent) to fall thru the Ice - 1st TP US$75.00 (Fibo 1.618% + Previous Support + Whole Number Effect)
Supporting Technicals: 1) Classic Support turned Resistance 2) MACD Possible failure to break above zero line Risk: Above analyst fails if STI breaks above downtrend line
DBS:SGX is expected to retest its major trendline at S$25.50 Supporting Technical: - Downward trend line hold - Bearish Characteristic - Stock is entering Under-performance against index (Relative Strength Indicator) - Negative Fund Flow (FFI) Risk: -
Supporting Technicals: - Various indications of distribution phase identified - Tencent is trading weaker than market - FFI remains below zero signalling fund outflow - MACD momentum remains downward bias Risk: - FFI is below zero but upward sloping Stop: Above short term down trendline (Green) Target: 1st Objective is HK$340-350 zone (Fibo 1.618% +...
HKEX:763 has saw its supply drying up and jumped above across the creek today (asumming it closes above HK$13.58). The stock is immediate upside objective is HK$16.00, previous resistance.
Supporting Technical: - Trading Range Low - Change in Momentum (Heikin Colour Change) - Improving FFI Risk: - Stock is relatively weaker than market - MACD bullish crossover is technically required to confirm upward swing