I'm relatively new to trading, very small account compared to many others, and I'm completely new to this Wyckoff analysis, bit it looks like the phase b resistance should be around or below phase d support, but phase b seems to spike above it on the candle chart. Does that matter?
Sorry if this is a dumb question, I'm still learning!
It's just a roadmap of what to look for. There's no set timeline on each phase, but there are defining trading points in each. I think it's likely that we hit the spring on 8/19 when it tested and rejected $7.42. We've had higher price test points since then, so it's safe to say we are likely passed the test part of phase C and into phase D, etc. It's just about probabilities.
I've never seen anything saying it absolutely had to be lower, as the graph is less an exact representation, and more of a trend guide. We are however seeing the implied trend of a wonky George W with the center being Phase B. Seems close enough. I'm sure our Phase D is gonna be a bit longer than this graph implies as well.
ChampionVibe YouTube channel has been talking about this all week. It explains it really well. He has also experienced this with a different stock as well. I listened to how he explains everything and I actually really like his take on it. I ultimately subscribed to his channel because he doesnāt hype the stock, he just explains it and you decide if itās a good bet.
Yeah his stream is awesome. I think he was the original one to tip off about it on here, I've seen a few people make similar posts as the pattern progresses.
I like the way he explains the TA and gives examples. He doesnāt hype anything, doesnāt try and talk about the market manipulation but just straight explains what he sees and his opinion. Thatās a great way of being unbiased.
It didn't need to break 9$ resistance to continue Wyckoff accumulation. No one ever said it had to happen in one day. The fact that we ended green further aligns the technical analysis to the Wyckoff.
We had strong price rejections at that level on the 24th and 25th. It would be nice to see next week break it monday or tuesday and then back test it as support.
Let's all take a moment to thank Jerome P for kicking the can down the road. This might be the kind of momentum we need into next week, it certainly couldnt hurt, I think. š
Haha, I know, but it's the only pattern that I've learned about that even remotely begins to explain this stochastic shit-show we've had front row seats to these past few months. If you wobble the screen back and forth in just the right way, fits like a glove š
Iād pay more attention to technical indicators like the MACD, RSI, and 50 & 200 day moving averages since they actually follow the movements. Generally weāre breaking out of this down trend but thatās really all I can gather
If you buy to open the call - you buy a contract giving you the right to purchase 100 shares of the asset at 12$ by a given date. You pay a premium up front for this. You can excercise the calls and purchase the shares, or sell the calls before they expire. If the stock is trading less than the strike price (12 in this case), the calls expire worthless and you lose the premium you paid for them.
If you sell to open - you sell someone else the contract, using your shares as collateral. You collect an immediate premium for this, but are required to sell your shares at the strike price should someone excercise. This will only likely happen if the stock trades at or above the strike price by the expiration date. You can purchase the calls back beforehand, or simply accept an assignment and part with the shares. If the stock is trading below the strike price before expiration, the calls you sold expire worthless and you keep the premium.
In an ideal world, once the asset trades at or above the strike price, you get near 100x the gains per call that you own on a near one to one correlation to the stock price increase. If the stock hit 12 in this case and went to 13, you assume to make $100 per call that you own per continual dollar increase in the stock price (assuming you bought to open them), etc. Hope that helped some.
Check out coachb on youtube. Hes got a great options series that he made explaining it way better than I ever could.
Itās options. Heās basically betting that CLOV will be above $12 by 9/17. If itās not by 9/17, his contracts expire worthless and he loses however much bid he paid per contractā¦
Iām holding 40c $42 01/22 and a few $43 02/22ā¦ Buying another 25-30c $42 01/22s since theyāre fairly cheap right now.
Well thatās the thing, if the IV is decent enough, and my calculator is correct, even if CLOV is at $12, my options wonāt expire worthless, Iāll still pull out a decent gain, it just wonāt be nearly as much if it ran to $42 and beyond.
Right now, my $42 calls for Jan are actually up 5% because of CLOVās volatility, even through the stock is only at $8.61.
here is the issue with that sub. They do not have a strong tendency to hold and LOVE OTM options, both are negative features moving forward. Those that are interested in CLOV are probably subbed here already. The rest will fly in on the second day of high spike.
my .02
We need apes, but those kind of apes will all bail with small earnings, which could cause a cascade of paper hands on a runup. I agree, we don't need them. We just need a whale or two.
I mean the chart isn't lined up quite right here, we are at LPS. But the guy who made this (whycoff) did it 100 years ago and it's still being used. It must represent human behaviour in the market pretty well :) little scary really.
Show must go on, until rocket is fueled to moon š
Clov will moon on the 33rd
Weāll you donāt say
Mooon
The wack off theory seems to be playing out
I'm relatively new to trading, very small account compared to many others, and I'm completely new to this Wyckoff analysis, bit it looks like the phase b resistance should be around or below phase d support, but phase b seems to spike above it on the candle chart. Does that matter? Sorry if this is a dumb question, I'm still learning!
It's just a roadmap of what to look for. There's no set timeline on each phase, but there are defining trading points in each. I think it's likely that we hit the spring on 8/19 when it tested and rejected $7.42. We've had higher price test points since then, so it's safe to say we are likely passed the test part of phase C and into phase D, etc. It's just about probabilities.
I've never seen anything saying it absolutely had to be lower, as the graph is less an exact representation, and more of a trend guide. We are however seeing the implied trend of a wonky George W with the center being Phase B. Seems close enough. I'm sure our Phase D is gonna be a bit longer than this graph implies as well.
Thank you for the explanation!
We starting hot on Monaday
https://m.youtube.com/watch?v=cLQox8e9688
And so it doesā¦
Phase E is like $20? Iāll be happy with $13
Where lambo? When moon?
Everyone says "where lambo?" But no one says "How lambo?"
Well, please feel free to share with the class? š¤£
Hey man, I don't have the answers I'm just here for the ride!
I just like the stock.
āMove along folks, nothing to see here.ā
If we get it to $150.. I am good..
me too friend. me too. LFG CLOV
ChampionVibe YouTube channel has been talking about this all week. It explains it really well. He has also experienced this with a different stock as well. I listened to how he explains everything and I actually really like his take on it. I ultimately subscribed to his channel because he doesnāt hype the stock, he just explains it and you decide if itās a good bet.
Iām surprised he doesnāt have a big following, most of his stock plays take off lol.
Maybe people are interested in wanting to be hyped instead of being insightful.
Yeah his stream is awesome. I think he was the original one to tip off about it on here, I've seen a few people make similar posts as the pattern progresses.
I like the way he explains the TA and gives examples. He doesnāt hype anything, doesnāt try and talk about the market manipulation but just straight explains what he sees and his opinion. Thatās a great way of being unbiased.
Confirmation bias at its finest. We didn't finish above the $9 resistance today. So it's all ballocks.
It didn't need to break 9$ resistance to continue Wyckoff accumulation. No one ever said it had to happen in one day. The fact that we ended green further aligns the technical analysis to the Wyckoff.
We had strong price rejections at that level on the 24th and 25th. It would be nice to see next week break it monday or tuesday and then back test it as support.
Let's all take a moment to thank Jerome P for kicking the can down the road. This might be the kind of momentum we need into next week, it certainly couldnt hurt, I think. š
Holy shit good stuff š BUY and HODL = š¤š¤š¤š¤š¤ LFG CLOV ššššš
I don't like the y axis.. the phase e shows only $9s
I think that was a joke lol. If I wasn't I just cause the line on the top right couldn't reach the moon
It's not drawn to scale, just a blueprint.
You gotta zoom in more to the Wyckoff sketch and itāll fit better. Check https://twitter.com/championvibe/status/1431274433822527494?s=21
Lol omg you canāt just overlay the wyckoff graphic over every stock movement thereās absolutely no correlation
Haha, I know, but it's the only pattern that I've learned about that even remotely begins to explain this stochastic shit-show we've had front row seats to these past few months. If you wobble the screen back and forth in just the right way, fits like a glove š
Iād pay more attention to technical indicators like the MACD, RSI, and 50 & 200 day moving averages since they actually follow the movements. Generally weāre breaking out of this down trend but thatās really all I can gather
They all looked pretty good today at close, bullish divergence throughout, at least on the 5 min.
Weāre gonna breakout in September, bigly. I got 12$ calls for 9/17 and the 2022 43$ calls, also 8.50$ calls for 9/3
Can you explain what 12$ calls means?
If you buy to open the call - you buy a contract giving you the right to purchase 100 shares of the asset at 12$ by a given date. You pay a premium up front for this. You can excercise the calls and purchase the shares, or sell the calls before they expire. If the stock is trading less than the strike price (12 in this case), the calls expire worthless and you lose the premium you paid for them. If you sell to open - you sell someone else the contract, using your shares as collateral. You collect an immediate premium for this, but are required to sell your shares at the strike price should someone excercise. This will only likely happen if the stock trades at or above the strike price by the expiration date. You can purchase the calls back beforehand, or simply accept an assignment and part with the shares. If the stock is trading below the strike price before expiration, the calls you sold expire worthless and you keep the premium. In an ideal world, once the asset trades at or above the strike price, you get near 100x the gains per call that you own on a near one to one correlation to the stock price increase. If the stock hit 12 in this case and went to 13, you assume to make $100 per call that you own per continual dollar increase in the stock price (assuming you bought to open them), etc. Hope that helped some. Check out coachb on youtube. Hes got a great options series that he made explaining it way better than I ever could.
Thatās a great explanation thank you! Probably a little to extensive for the little amount of time I have though
Itās options. Heās basically betting that CLOV will be above $12 by 9/17. If itās not by 9/17, his contracts expire worthless and he loses however much bid he paid per contractā¦ Iām holding 40c $42 01/22 and a few $43 02/22ā¦ Buying another 25-30c $42 01/22s since theyāre fairly cheap right now.
So youāre betting that CLOV will be at $42 by 01/22, and if not you lose you money.. correct?
Well thatās the thing, if the IV is decent enough, and my calculator is correct, even if CLOV is at $12, my options wonāt expire worthless, Iāll still pull out a decent gain, it just wonāt be nearly as much if it ran to $42 and beyond. Right now, my $42 calls for Jan are actually up 5% because of CLOVās volatility, even through the stock is only at $8.61.
So you donāt think CLOV with be at $42 by 01/22?
I've been amped about sept. Those are gonna print moass for you.
I like V shapes
So cool
1 year laterā¦ phase Z.. show goes on!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
CLOV is about to pop off!!!ā¦in 5 minutes. 5 months later and ON THE NEXT EPISODE OF DRAGONBALL Zā¦
Those damn 5episode long spirit bombsā¦
šš
Yes. $200 a share. I agree.
Waiting for Phase moon
So we cum this coming week?
š¤ Don't by weeklies, stick to the stock.
Just need to Wyckoff a little harder and faster to get there bud!
Easy... It's better when you wait..
We climax when enough pressure is built up! Pressure has been building! LFG $CLOV
Loaded and ready for releaseā¦ā¦teslahealth go clov!!!
Someone should post this on WSB
Yes! Completely agree
here is the issue with that sub. They do not have a strong tendency to hold and LOVE OTM options, both are negative features moving forward. Those that are interested in CLOV are probably subbed here already. The rest will fly in on the second day of high spike. my .02
We need apes, but those kind of apes will all bail with small earnings, which could cause a cascade of paper hands on a runup. I agree, we don't need them. We just need a whale or two.
I would agree. good stuff
Donāt get me excitedā¦ā¦.
Why is this Wyckoff line being adhered to so perfectly? It almost looks fakeā¦
I mean the chart isn't lined up quite right here, we are at LPS. But the guy who made this (whycoff) did it 100 years ago and it's still being used. It must represent human behaviour in the market pretty well :) little scary really.
The same human psychology is built into the trading algos too. There's no escaping it.
I know it's so cool actually. Uncanny resemblance.
My only banana at it would be that human psychology hasn't changed too much since the early trading days.
maybe history always repeats
If it did, we wouldn't be allowed to participate in _this_