On the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022
putting in a couple of bear flags on the way down while first getting support two standard
deviations below the mean anchored VWAP and then one standard deviation showing
increasing strength finally crossing above the mean VWAP in May then with a retest and bounce
I am short ETH at this level, will move stop to even once we bid around 1900 level. Final target is in at the AVWAP, roughly around the POC of this composite profile.
SL is about $100 from where we are now.
The bears are currently in control of the market, but in the bigger picture it is a two-way tape. It's important to note that interest rates are rising across the board. The 30-year rate is above 5% and the 10-year rate is approaching 5%. This is not a positive sign for stocks. As I've mentioned before, interest rates dictate market direction. When rates rise,...
BTC just positively accepted the weekly VWAP. Potential long to the upper limit of the weekly VWAP. The scenario will be negated after BTC breaks the lower limit of the VWAP.
Good luck with your trades!
BOIL as a triple leveraged ETF of natural gas futures- has high volatility
which can translated to high profits for traders who can accurately harness
that energy .On the 2H chart in the time since the reverse split, the price has mostly
ranged up and down between the first upper and lower VWAP lines of the
VWAP anchored to the high in May. Occasionally it...
RAD has been flying after a long period of consolidation and wek fundamentals.
The Reddit army is marching with the RAD flag. At one point RAD sqeezed 100%
but it has falled back a bit in the profit taking. Still the retracement is shallow
so far. In the close of the trading week, in the last hours price dropped to 2.5 with
support from the anchored mean VWAP...
EVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe ...
TUP on the 30-minute chart has some decent technicals. Based on anchored
VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support
at the two mean VWAP lines. Volume has been steady. It is in the middle of the
fair value zone and under the POC line of the volume profile. Analysis of that
profile is that price should seek the POC as if a...
GME on the one hour chart fell over a week from July 27 until earlier today.
The fall has heavy selling volume this morning followed by a flip at the lunch
session into buying solume above the running mean. Similar findings are on
the volatility indicator. The MACD has a cross under the the histogram as
price momentum shifted from bearish to bullish. Price...
NVDA shot up on earnings two months ago and more or less went sideways until
mid July when it trended up for a week and then reversed downward.
On the 2H chart, I have placed both a VWAP anchored to the earnings date as
well as a volume profile. Price is currently above the 0.5 Fib level as well
as at one standard deviation above the mean VWAP and above the...
FORD on the 2H chart double topped in mid July and then descended as it had reached
the second deviation line above the mean anchored VWAP. It continued the fall had a bit
of pre-earnings run up and then paradoxically fell with very decent top and bottom line
earnings. If you know why please let me know. After earnings and the fall, FORD reached
BULZ is a 3X leveraged version of the Cathie Wood ETFs. As shows on the
2H chart BULZ broke out of the fair value channel of the anchored VWAP bands
in bullish momentum Not a coincidence. In three months it has gained over 110%
or 35% per month compounded. The MACD indicator shows the lines peaking over
the histogram a cross of them is pending. The mass...
SBUX fell going into earnings in early May and continued down all of May then pivoting
into a slow climb on this 2H chart through the lower anchored VWAP bands until the present
where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a
Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green...
NVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI
indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over
the higher TF RSI a clear and convincing sign of rapidly increasing relative strength.
Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June
NFLX up trended starting June 1st through an upper long term anchored VWAP
to the next higher VWAP line coinciding with earnings. NFLX dropped after
good earnings probably because investors expected even better. On the 30
minute chart, NFLX has more or less completed a 45-55% retracement of that
trend up and is now sitting on the VWAP line that it crossed...
TSLA on the 2H chart has been trending up since the earnings in April with minor
corrections along the way including this past week after favorable earnings.
The news of the massive pre-orders of Cybertruck has permeated the trader
and investor community that follows TSLA. On the chart, TSLA broke down
the anchored VWAP bands to settle on the support of the...
Shown on a 15-minute chart, SOFI is seen slowly rising in a parallel channel
bounded by a pair of anchored VWAP bands - the first and second deviations
above the mean VWAP from anchors back in mid-June. Fundamentally, SOFI
has been challenged by another round of student loan forgiveness by our
President as well as the instability in the prime rates ongoing....