Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). Roblox had a gap down 15dec on big volume, price is now trying to fill the gap. While it is trying to fill the gap it is forming a...
Dear all, Another name that is probably setting up for stage 4 in the energy sector, this time a uranium name: $CCJ. After consolidating a stage 3 for almost a year and forming, kind of a sloping head and shoulder pattern and loss of the longer term trendline this week, it is time for a stage 4 decline. Things to consider for a stage 4: - declining 30 week Ma...
The long position in XRP is merely incidental. The emphasis is on using clean line work to discover areas where price is more likely to reverse. In this example, which includes a bearish harmonic pattern , decreasing volatility is visible to the naked eye, even without the compression of the MA ribbon or the decreasing ATR. Some unusual arrangement of pitchforks...
SP Emini is right up against the VWAP ANchored to the Fed meeting, good place to slow down and digest to see what comes next.
Hello everyone Here's the latest NZDUSD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation. good luck
BINANCE:BTCUSDT Strong Sell signal, Rejection from 12 May low AVWAP. (huge supply)
Previous bottom bounce failed so here's another attempt for potential long opportunity. Target - 37-40 THB (previous support/VWAP from IPO) Key Observations: - Break out of previous high created in March 2022 - Break out of volume shelf at the bottom (668M shares traded vs 442M shares float)
When MA are telling that it is a bear market, but I trust AVWAP (5days) which gives me a good entry point. I’ve been trying AVWAP for 2 months and has given me 489% growth with a 1.83 profit factor. I am confirming my entries with - Fibo - Candle pattern - Elliot - AVWAP - Volume and SMA Is anyone using similar combination for confirmation. Am open to have your...
Waiting for a Volume upswing to take one more intraday position for 16600 on NIFTY. You can see the Sell volume dry out gradually since the day high was crossed. Consolidation seen at AVWAP Band from Day low. Patiently waiting for next upswing to take a ATM CE call
Hello trader, Nice Week and profitable deals 💲 CAD/CHF 8H Chart 🗝 In this chart we can see 2 gann fans and 1Cloud ☁ Fibretracement 🌊 and MA 200 that gives the bull power, MA50 and 🔑AVWAP Momentum what the direction shows us up 📈👀 and rsi, with divergences up 💹 Brief explanation of the Gann fann 👀 The lines act as support and resistance, everything under...
I am still in favor of this narrative. Using TTM Squeeze VSA & AVWAP the lack of conviction in the charts MM not favoring lower prices currently.... but volume still hasn't rolled in with price well under the lower band of the AVWAP. Invalidation: print of 1 hr doji candle followed by high spread/high volume candle to the downside & TTM failure to cross 0 line...
Markets are trying to consolidate and rally to higher highs on the daily chart - but running into resistance at this moment on the intraday levels. Possible upside and downside intraday targets are discussed.
Buyers took control in the afternoon but did not close out strong.
Long term markets are still long, but price action and VWAP analysis is showing weakness today and yesterday which may roll over into a further correction down in price. The VIX is a little less bearish about market direction on an intraday basis. My bias is down or sideways. There is an increasing amount of resistance to the upside and not a lot of base building...
SPY sellers have been in control since March 29, and today finally hammered the SPY down below a significant support daily chart support level - finding support at the AVWAP drawn off of the March 15th Fed rate hike. I believe the support level that was gapped below today will be tested as resistance in the near future. If it fails off of that support level, I'd...
Supriya had broken out of the earlier range + Above AVWAP of 491 levels can buy now with SL 475
Citigroup recently broke through swing high AVWAP implying a nice chance for more upside. I'm in May 70/75 Debit Spreads here to play any run up to ER as well. Looking for a move similar to AUG price action . Rejection at AVWAP invalidates the trade . Emergency FED meeting and rate headwinds, along with Russia and Covid - keeping positions small and...
Analyzing the QQQ using multiple SD bands of AVWAP anchored to the COVID bottom. These bands have provided excellent S/R levels.