First thing I did was identify the trend. The market is clearly locally in a downtrend, so I was looking for a short today. The next step was to wait for New York's Initial Balance (NY IB) to form. (The NY IB is the high and low of the first hour of NYs open.) Once the IB is formed we wait to see how price interacts with it in order to make an educated...
🏃♂️ Gold is moving in the 🟢 Support zone($2,327-$2,302) 🟢 and managed to break the Uptrend line and the Support line yesterday. 🌊According to Elliott's wave theory , Gold seems to be completing wave 4. 🔔I expect wave 4 to finish near the Resistance lines and 🟡 Price Reversal Zone(PRZ) 🟡, and Gold will start to decline again and break the 🟢...
Keep an eye on $NQ_F it's leading the reversal and is at better Resistance. Intermediate Neutral-Bearish
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Price adjusted volume continues to make lower highs as the stock pushes to all time highs. What is behind it? (Money Flow Line shown here) - Are people less interested in buying at these prices? - Are people more interested in selling at these prices? - Does this divergence mean is the trend expected to reverse? …or will it continue regardless? - Are big players...
QQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 % overall this past week. Buying volumes are low. The Price Momentum Oscillator has reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading bearish. Price is presently one standard deviation above the intermediate-term anchored VWAP....
CMG catapulted after the best earnings beat with an excessive and overextending move to the upper bounds of the widening wedge pattern and beyond the third upper VWAP band on this 30 minute chart. It did have a corresponding leap in volume. However, I expect a retracement into the 3020 level based on the Fibonacci tool. This is about a 5-6% downside. I will...
CMCM is on fire with a 90% gain since the earnings report which was not verified by any outside forensic accounting auditors . The Ciniese economy may be recovering with it Cheetah. The price-volume trend is impressive in the past month as a combination of the price moving up responding to spikes of buying volume and positive volatility. I will enter this as...
It came to my attention at around 1.54 with an abnormal volume. Currently sitting at around 1.65 with an abnormal price and volume action. Potential to go up further.
MNY hit the scan early in the morning with a volume alert. Right now sitting @2.42 Me thinking it has some potential to go up further in the $4 mark. We shall see.
SRF: Stock is now in uptrend a triangle breakout possibility stock broke trend line 1 as can be seen and this time it sustained above the same for a decent three-week interval expect this momentum to continue for targets 2850-2880 and 3200 on the upside in next two to three quarters with accumulation zone of 2200-2500 with a stop below 2120 level
First step: Identify trend. Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day. Step 2: Wait for the New York initial balance to form in order to make an educated discission. You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the...
Guide to Structural Market Analysis Using Volume Profile Introduction: Here's a systematic approach to identifying market structure through Volume Profile Structural Analysis. By charting key levels on a higher time frame and refining entry/exit points on a lower time frame, traders can discern potential market movements and adapt their strategies accordingly. ...
Had another great day trading Support and Resistance precision with Volume profile. I swear Volume Profile is like a cheat code for the markets. I want every trader to start learning and practicing this method!
The Coin I am currently very interested in is JASMY as we have a lot of confluences on this chart even if it seems a littly messy. Overall we can say it looks like as we are in a wave 5 after completing the wave 4 on the 18.03. We have respected the range here for a very long time and we had some wicks and fakeouts on the same levels. Moreover on a closer look we...
I am very curious about this one... SAGA doesn't look good compared to others and has shown a lot of bearish market structure to the downside, with losing the monday low and the low volume node zone below it is appears as if SAGA wants to come down to the levels of the surge last week. Would be a high RR setup but a very risky on. BTC could give the momentum in...
how ES behaves at the 5118.75-5128.75 Initial Resistance (which we're also using as the Micro Bull/Bear Zone) will help set the bias/tone early in the session.
WMinima has very interesting, possible reacumulation structure. This low cap market structure was violently tested to last no supply candle pattern - test signal was -70% WMinima price range. Now, I looking for candle pattern with no supply tenor for uptrend confirmation.