Every Chart has a story to tell this is the story of this one: We have been down trending with Plutus Short signals The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again. We a have few pips left to reach 61.8 (get some profit...
USD/CHF has recently found resistance and is now trading below the Ichimoku Cloud, indicating a downtrend. We anticipate a potential test of the upper border of the Cloud at 0.9065, followed by a decline towards 0.8865. A confirming signal for the downward move would be a rebound from the upper border of the descending channel. However, if there is a breakout...
This Idea is part II to the previously published BABA idea using Wyckoff's accumulation method. This idea includes the identification of the different Wyckoff accumulation phases and the characteristic accompanying volume analysis. All information is on the chart! NQdecipher
SCIB (Sarawak Consolidated Industries Berhad) Sector : Industrial Products & Services Market : Main On 8 May 2023, the price manage to breakout the 200-Days MA. This indicate the stock moving toward a positive long term uptrend. Supported with huge volume 93M. Currently the volume still highest, we assume next week(19-23 May) will occur some pullback or...
GME this past week showed a nice reversal as seen on the 30 minute chart. Price hit a swing low on May 2nd and then rose the rest of the week. Is it riding above the linear regression line set to draw context and direction. On the anchored VWAP bands GME has crossed over the first standard deviation VWAP line as well as the mean VWAP. Buying volume has...
This could be the last up-wave! This post is to alert you for monitoring the reaction waves since we have just hit a major Fib area. No Entry!
After the range break ,Plutus has dominated the chart with Plutus long signals PRL and PL! The result is about 140 pips so far. Most probably we are going to reach Resistance!
Since last November, Unity had been whipped in a wide range between 24 to almost 43 at least twice and now looks to retest $43 again in the coming days (weeks). The odds of a successful break out of this range has increased with the announcement on 5th June by AAPL of it's partnership with Unity on the Apple Vision Pro. Volume was great after the annoucement...
As we can see stock is trading above 50ema and making hammer candles with good volume. from ATH and rsi divergence stock correct almost 5% And Doji candle on 8th Dec after a downtrend ends and the next candle formed is a hammer candlestick. which is indicating a bullish reversal, Singh. Bharti Airtel Ties Up with Meta, STC to Bring World's Longest Subsea Cable...
Classic trade for the SI traders. This is an Exit from Range trade with PRL signal on the exit of the Range!. Not much to say! Enjoy your Weekend! Learn to Read and Trade any Market
On EURUSD, we have a bearish setup with the price, after reaching the 1.079 area in a supply zone, starting to retrace towards a target point in anticipation of the upcoming week, which includes the Fed and ECB rate hikes, along with numerous macroeconomic data. Please share your expectations in the comments. Happy trading to everyone. Nicola, CEO of Forex48...
Plutus got the short yesterday with the Exit from Range with PRS and the Long today at Support Level with a PRL signal. The result 55 pips , time to get out at resistance again.
This Entry is called "Exit from Range with Plutus" a classic textbook entry for the SI traders. The result is 69 pips so far!. Get some profits in the bank. Enjoy! Learn to Read and Trade Any Market
It is supposed to rise in three corrective waves to the specified areas, and then drain to fall strongly again
OPEC announced cuts in oil production. Globex session opened with a gap up, but Comex session didn't show interest in oil buying, (because US probably bought already on Friday). Moreover, the volume of regular trading hours is showing an increasing interest in lower prices.
Every chart has a story to tell and this is the story of this one: The Story: This is David's Weis concept shorting of thrust, a price moves up price waves get shorter. On the the last volume we have an abnormal SI of 24.1 = HTMU (Hard to Move Up) = Sellers =Short on the downwards break Simple as that! 190 pips so far Enjoy! Learn to Read and Trade and Market
BLDR is part of the construction industry and has had consistent gains over YTD in the range of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then reversed quite well and resumed its move higher. At present, BLDR is on a pullback...
For the past 3 weeks, BASE has seen higher volume (accumulation) leading it to break out of an inverted Head & Shoulders Formation (bullish) last week. With earning expected on 6th June, it is likey that it's earnings could be positive. However, whether the recent up move has already factored in a positive earning (and then "sell on news") remains to be seen. If...