Contrary to my other post price could just come up to the top of the range into the resistance of a 0.886 fib level a monthly s/r and a naked daily point of control. If this can happen with mid timeframes showing momentum divs and money flow continues down price is likely to come back into the value area and down to the low of the range where it could either once...
Hypothesis: pharmaceutical company price depressed due to conflict between management and investor, price artificially low due to FUD.
Confluence on W1 charts:
1. Price near ATL and 2020 support levels (year of IPO), see Early 2020 Support, and 2020 Support Levels.
2. Advanced RSI in oversold band with three Regular Divergence -Bullish signals
3. Setups &...
Price has closed last week at the (VAL) suggesting further expected bearish trading activity for this week. The fact that the two-days value area relationship show a lower value, supports this suggestion.
My trading idea focuses on being short next week, but I would wait for my new opening price, and a session high and low (Registered by the first - 4 hourly -...
The GBP has been in the short side for three weeks in a row, and given the close of last week's price below the Value Area Low (VAL) actually validates a continuous downtrend for the GBP. However, the opening price of this week @ 1.2349, which is below the (VAL) and resuming it way down, may be seen as an opportunity for (Responsive Buyers) to push price...
The pair has traded within a fairly tight range last week, ending near the point of control (POC). Price failed to break the April, 2022 lows, therefore, it's hard to predict where the EUR is heading next week, technically speaking.
However, we anticipate a potential breakout scenario, where it may be bullish or bearish. This anticipation is backed by the...
Price moves due to imbalance between Demand & Supply.
Volume Profile enables you to clearly see that imbalance.
With the help of Volume Profile, you get to know the point of balance between Selling & Buying Pressure.
When that balance is disturbed, position of many people starts giving them a loss. A point comes when they can no longer tolerate their loss...
