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Markup

JSE:TKG Telkom Great Wykoff StudyIt is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an inability to move to the oversold or overbought trend line, 2) The second two had over throws of the lines. Both these setup resulted in a trading range forming. The next thing is to notice how the trading range forms. Only the main labels are added to have less clutter. Volume increases on the Preliminary Supply (PSY) or Support (PS) and it is possible to even be the highest volume for the range as is the case in the Distribution Range. Next a Selling (SC) or Buying (BC) Climax is formed on volume stopping the trend (Phase A). After a Aromatic Rally (AR) or Automatic Reaction (AR) (Still Phase A) a period of low volume in the TR forms where the Composite Operator (CO) is carefully either Distribution or Accumulating stock (Phase B). Once this is done the TR ends in a Spring; Upthrust after Distribution (UTAD) or Last Point of Supply (LPSY) / Support (LPS) Before breaking the TR (Phase C). Once it has been marked out of the TR a backup to the trading range first takes place (Phase D) before the Markup or Markdown can begin (Phase E). Also notice how the Volume RSI can assist in providing a clue if an accumulation or distribution is forming.
JSE:TKG
by SteynTrade
4
JSE:SOL Sasol Mark-up ContinuingStarting a new post for October to track the structure of SOL (See link below for Septembers post). Last month it looked like the markup had started and trading in a strong upward channel. At the end of the month the lower support line seemed to have broken. However, there has been effort to break the trend without response (high down volume but no progress in price). This effort is also seen in the negative divergence of price with the OBV. The 50 SMA seems to be a level of interest for buyers. If the 50 SMA is broken there could be more downside back to the accumulation range. If it holds and we could see a further markup to levels around 61800 and possibly even breaking the previous high at 65200.
JSE:SOLLong
by SteynTrade
DXY Sept. 9-14 2018Hey everyone. Back with another mark up! This is what I'm seeing for the DXY for this week Sept. 9-14, 2018. Following a strong push up on Friday 9/7 with the release of NFP data, I see the DXY continuing its uptrend towards the 96.00 region. 96.00 just so happens to be a 61% retracement from the drop that first began on August 15, 2018. As you can see we also have just respected the 61% retracement level of 95.9, and the 127 extension falls exactly in line with our 96.00 target. Hopefully with a bullish dollar this week, that will see a drop in other non USD based currencies so watch out for that as well! Much love to you all and good luck this week! Happy Trading! ~ Trader Trev *Trade at your own risk. I am not qualified to give financial advice. This is simply MY PERSPECTIVE :)
TVC:DXY
by WillowKid
JSE_SOL: Wyckoff - Sasol Accumulation CompleteFollowing the Wyckoff logic: Sasol has been under accumulation with bids coming in at 36000. Volume has been declined since 2017 showing the stock has moved to strong hands and the markup has started. Will wait for a backup to the trading range which would label the market to be in Phase D or pullback in which would indicate we are already in Phase E. But semantics aside the markup is starting and it would be good to find a good place to enter to ride the trend to the highs or even new highs.
JSE:SOLLong
by SteynTrade
EURJPY August 26-31, 2018This will be the first of many markups... I'm looking at EURJPY 0.67% on the 4hr... I see a clear downtrend with 3 touches of the trend line ... Price retraced up to the 71% level perfectly and closed the week on a bearish candle... (Not engulfing but I'm convinced she's running out of steam) I see price dropping to the 61% region before double topping and retesting the 71%... I then see price moving swiftly to the downside... THAT IS PLAN A. --------------------- PLAN B is the complete opposite... Break of the trendline and a push up to the 78% region before dropping again to retest the 71%... Then price will make another push higher... Hope that made sense... Any questions about anything hit me up!
by WillowKid
EURJPY Aug 27-31This will be the first of many markups... I'm looking at EURJPY on the 4hr... I see a clear downtrend with 3 touches of the trend line... Price retraced up to the 71% level perfectly and closed the week on a bearish candle... (Not engulfing but I'm convinced she's running out of steam) I see price dropping to the 61% region before double topping and retesting the 71%... I then see price moving swiftly to the downside... THAT IS PLAN A. --------------------- PLAN B is the complete opposite... Break of the trendline and a push up to the 78% region before dropping again to retest the 71%... Then price will make another push higher... Hope that made sense... Any questions about anything hit me up!
by WillowKid
2
Bitcoin Cause & EffectCause and effect the cornerstone of Wyckoff methodology. Time to get physical, Isaac Newton famously once said ‘For every action, there is an equal and opposite reaction’. With that in mind, let's use it analyse the previous cycles on BTC… Aprils accumulation (cause) and markup phase (effect). Accumulation lasted 13days and markup lasted an equal amount of time. NOTE: dropping volume on markup Mays distribution (cause) and markup phase (effect). Distribution lasted 26days and markdown lasted 23days. :thonking June/Julys accumulation (cause) lasted 34days. Markup is yet to be defined but based on these findings I think there's a strong chance that this markup cycle lasts a similar amount of time. NOTE: Expanding volume on markup Obviously, this is highly speculative but most definitely worth keeping in mind when calling distribution, the top or have weak shakey childs like hands. :thonking Twitter feed here -> twitter.com
COINBASE:BTCUSD
by DickieWyckoff
3
TRON (TRX) - MOONING SOON?Tron is currently on the markup phase, or so it seems. We should be seeing rapid price action and volume in the next few days. If you are trading or are planning to, please use a stop loss. I think around 430 would be a good place, you could also use a tighter one, around 460 if you prefer. Entry: 480-520 TP1: 696 TP2: 877 TP3: 1200 SL: 430/460 Take profits, don't HODL. If you are stopped out, get out. If you agree with this idea please give thumbs up! Would love to hear what you think in the comments! *Not intended as trading advice, this is just MY trading idea. Use your own judgment when trading real money.
Long
by davec83
SDRL # Price marked up from previous low breakdown failure(less volume are interested to the breakdown). # Mark up is supported by volume spike showing interest. # RSI higher high. MACD lines up below 0, histogram converge. # News: Restructuring plan. Condition: 1. If price gaps up high at pre-market or market open, I will cancel the orders and wait for a gap up pullback on 1min/5min timeframe with good R:R ratio to get in again. 2. If my entry is triggered with weakness or potential trapped, I will watch the move for the next 30min and get out of the trade if strong selling occurs. Hold the S1 position if weak selling follows through. 3. If no sign of strength and weakness on both sides, my order will remain. 4. If further weak selling is coming, I will find a better LWP for entry. 5. If strong selling follows, orders will be cancelled and reassessment is needed.
NYSE:SDRLLong
by happy04t
AUDUSD May Form A Bullish ButterflyFinal markup for AUDUSD longterm. My last post was vague, and I apologize for that. Looking at where things are now based off of the daily there will be some pull backs but strong bullish movement up towards the my 88.6 PRZ. If this happens, with all of my other confluences thus far, we are in for some pips! Current push came very close to the 78.6 PRZ, and hitting a quarter point. Currently hitting the 38.2 PRZ based off of my 1H and 4H analysis, with huge wicks on the previous candles, I'm looking for it to retrace based off a 1H and 4H double top formation, and re-test that has already taken place. Also, the quarter point has to be re-tested (see .75000). I hope this and my markup puts things more in perspective, hope everyone is in profit!
Long
by Se-Ben
ZECUSD Accumulation Breakout & MarkupBITFINEX:ZECUSD ZEC analysis shows us that the current ZCash breakout was signaled after the three of four phases of price movement: accumulation, markup, and distribution. A potential markdown may be incoming. Similar to BTC, understanding price positioning for the overall market and stock couldn't be more important. In this scenario, we witnessed a price reversal around the beginning of September which initiated a false short breakout before correction within the demand and supply zone. There was significant shorting accumulation which tells me that there are a good number of short positions set by traders that were not filled making this an area of interest. The break above the moving average signaled an upward breakout which was overrun by bulls to set the current price point, with a peak of about $410 at the time of writing this. Similar to BTC, the overall markup trend is positive and a potential markdown may follow after sell interest overwhelms buy interest.
BITFINEX:ZECUSDShort
by doomnometron
2
BTCUSD Accumulation, Breakout & MarkupBITFINEX:BTCUSD BTC supply and demand analysis over a long period of time shows us some interesting trend patterns developing over time and repeating themselves. There happen to be four phases of price movement: accumulation, markup, distribution and markdown. Understanding the price position for the broad market and the individual stock before initiating a trade is rather important. Think of it this way, you wouldn't go down to your favorite retail store to pick up a brand new TV before fully understanding the specifications on that TV and what you will get in value for your money. The same can be applied here. Long positions are usually preferred when the broad market is in a markup stage, which we can see quite evidently within the price history of BTC. Outside of the markup stage, there are about five other buy points that offer a good risk-reward ratio. Aggressive traders attempt to pick a bottom by buying on the spring. Trend followers would buy on the breakout that signals the beginning of a trend. Once the breakout has completed its' cycle, chart enthusiasts can look into establishing long positions during the throwback, re-accumulation phases or corrections.
BITFINEX:BTCUSDLong
by doomnometron
$xlp further short term breakdownhigher time frame is showing defined uptrend with an over-extension on breakout pulling back mid time frame is showing markup to distribution to consolidation for the next leg down descending triangle is forming against downtrend line and multiple test of support is showing weakness possible breakdown to breakout level of 55.7x on higher time frame- first level 56.2x lower time frame is showing range bound action with sellers slightly in control descending triangle is also forming- worth monitoring price action
AMEX:XLPShort
by inco1
AUDUSD mark-up startingPrice has moved away from the resistance line and yearly PP. Price has retested these levels and is now moving away from the resistance and trading range. There is consistent dominance of demand over supply. Signs of strength with widening price spreads and increasing volume and reactions (LPSs) on smaller spreads and diminished volumes is still observed. The 'TDI indicator is showing all lines sentiment lines above 50% but not over bought and move up. In the following weeks if the Wyckoff view was correct should see significant price increases.
Long
by SteynTrade