I have charted up what I see on GBP/JPY. It looks to me like the previous high of this range was a 4HR institutional manipulation. This could have caused the large fall recently. I believe now that the pair is accumulating and institutions are beginning to take profits from their short positions and are allowing the price to return to the long range target of...
Potential 1HR Accumulation for XAU/USD currently. I've inserted two positions, one has a risk reward of 1 : 3.16 and the other is 1 : 5.09 and targets the weekly high. We are also within a symmetrical triangle and have h=had our spring / manipulation from a previous demand zone.
This is the completed GBP/USD accumulation trade I previously charted and posted. Take profit 1.4000 achieved. This trade was a lot better risk reward than the previous GU trade which I entered too early and got stopped out of.
I can see a large 4HR Accumulation on "Cable" This is the Wychoff Accumulation 1 schematic. I have setup 2 different trades one targeting the initial break of the descending trendline and the other is targeting the previous weekly high.
I see a Wychoff Distribution Schematic no. 1 forming. I have setup 2 trades one is targeting the SOW area within the schematic and the second is a higher R:R trade of 1 : 6.3 targeting the previous 30M / Hourly support level.
We'll see how it plays out
I see a potential re-accumulation phase with NIO stock. The earnings release is on March 1st and is looking to be a postive one so this could be a great catalyst for the stock and fuel a push higher as projected on the chart.
I see $45 as our absolute low where we must bounce. If we can accumulate at this price the stock will be in a great position.
I'm Long for the long term on Tesla Especially with them being added to the S&P500 on December 21st 2020 I see a boom in the price target is $900 by January 2022 I will be continually adding and $ cost averaging into Tesla throughout this period