It is expected to rise to the shaded area to complete wave B
We notice that yesterday's daily candle, its volume is high, in addition to that it broke an important cross-section area, and for that it is considered a healthy and sound ascent, and it is expected to break the downtrend, re-test it, and launch to the top
It is expected to rise in the last wave to close the Y wave
23-01-2023 Apple Retraced 61.8% of the last fall. Closed above $140.37. Volume above average Oscillator 5,35 green CCI Green I will wait for a close above 200 day to initiate a trade. Cons: As per stochastic rule since black bar is in lower part it is sell on rise. 144.85 is the 61.8 retracement for the fall 157.5 to 124.17. That should make it cross 200 day...
After clear double top, break down of structure and price now retracing to test the VP POC, we could start looking for short opportunities back down to the VAH and POC of the main upward move.
Oil has had a large mark up recently, it has broke structure and has retested (dashed red line), this also coincides with volume profile POC being tested and rejected. Potential for a long trade on the monthly TF, or as we will be using this analysis to find long swing trades on lower timeframes.
WHAT IS THE VALUE AREA? The value area in trading is a range of prices where the majority of trading activity occurred during a specific period, typically during a trading session. It is used in market profile analysis to identify areas of fair value and potential areas of support and resistance. The value area is often represented by a bell-shaped curve, with...
We have a POSSIBLE SELL Take profit @ 1.22742 Still holding our initial trade for 1.22150
EURGBP is trading inside this consolidation pattern, EUR Is still in bullish, and climbs higher and higher. The volumes show that it is still a strong area to buy. The price will reach the resistance from 0.8870, or will respect the up channel. After it reaches those prices it will go bearish up to the price of 0.8767 or 0.8700. Like and comment if you want...
ES1! SPX500USD 2023 JAN 23 Market didn't manage to test 4175-4094 area last week indicated lack of demand, with the weekly bar displaying it more saliently. Preference will be short on retracement. Scenario Planning: 1) Short at rejection of trrendline or price levels 2) Long if price breakout of trend line, retraces and is supported Volume Analysis: Weekly:...
YM1! US30USD DOW 2023 JAN 23 Last week, Dow Scenario1 rejection of 34605 short yielded 900pts (trail stop TP). With this rejection, DOW now exhibits rotation behavior 34605 - 32789. Possible scenarios: 1) Rotational play: Trades can be executed at boundary of rotation range 34605 / 32789. - Long if supported at 32789 - Short if rejected at 34605 2)...
Undervalued, deep down i believe alts will explode soon, Hidden accumulation occuring.
Short answer: Gold In this study an attempt is made to understand if precious metals offer increased protection to your purchasing power over Bitcoin. Predicting what is going to happen tomorrow or next week if that’s what you’re after, look elsewhere. The study is an attempt to understand which is the better asset to hold for the months ahead to protect ones...
VERY UNDERVALUED, Good accumulating volume, Expecting a reversal in the following days.
VERRRY Undervalued, anticipating BTC's end of Rally, High volume,
As per previous post, EURUSD monthly long bias, we have taken a long swing trade on the H4 following VP analysis and a VAH rejection.
Volume profile analysis suggests in the bearish run there has been profits taken and potential longs opened at lower prices. This along with the volume imbalance (potential trapped longs) at the the start of the run suggests a deep retrace back to VAL(1.15287) and POC (1.21265) for further accumulation before the next move. We will have a long bias on EURUSD...