nil12285

nil12285

Wyckoff Long-term consolidation analog similarity.

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We are trading in a tight trading range at the resistance, forming a classic Wyckoff reaccumulation structure at the micro-frame. We may or may not see spring shake out, but we should be ready for both.

nil12285 Updated 

Nifty has most probably recorded a selling climax. Now, it's in the consolidation phase, and we're expecting a shakeout, too. It's very unlikely to go further down, but you never know. You must plan for both scenarios to stay in the game. Be market with you.

nil12285

Cart Speak for itself. we are most like in an overbought condition with a fear and greed index above 75 for last month. we can traceback some and test previous supported area

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Long Silver.

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Wyckoff accumulation; getting out of tradingrange

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Classic Wyckoff accumulation

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Wyckoff accumulation

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Wyckoff accumulation pattern

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Wyckoff accumulation

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1) test support $10.3-$10.5 area, if it fails to support it will go further down to test moving average or gap + channel bottom. 2) it can also bounce from $10.3/5 area and test the current area or probably o higher and test a $13.75 resistance area.

nil12285 Updated 

The chart speaks for itself MCHI is one of ETF for shcomp NASDAQ:MCHI

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Bearish until rebound from the channel (blue trend line)

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!

nil12285 Updated 

SPX owes lots of test...

nil12285

Looks like it is almost finished with the accumulation period and getting out of it. We have been accumulating for almost 6-7 months. And it seems like now it's time to fly. It making higher lows under resistance, and consistently making attempts to break 200 MA.

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Distribution schematic

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Distribution at UT And Test and now entering into the Phase C