WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis is a symmetrical triangle pattern with a high normal retracement now at the apex of the triangle with quick compression on the 15 minute chart. Volume is now. Friday...
TLT on the 15 minute chart in the past two trading sessions consolidated and then fell into a pullback to the support of the anchored mean VWAP. Relative volatility spiked and has now contracted. I see this as a good entry to add to my TLT position having sold a good portion of it three trading days ago when price showed topping wicks outside the fibonacci...
In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the following day to fall down on rejection from the mean VWAP band line anchored in mid- December. On the 4H chart, another smaller and more condensed falling wedge is found...
UBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom fashion on the following day. The relative strength indicator is in the 65-75 range and the zero lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup...
LCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 %...
As shown on the 4H chart, UNH based on a long-term VWAP band setup, it as fiar value for the first time since September. This dip is significant as price fell from a head and shoulders pattern of three months duration. The candles in the past couple of days show the reversal at the mean VWAP support. I have retrieved 60% out of a near term expiration call...
CANO is shown on a 15-minute chart now set for a long position with comments on the chart. This is a VWAP band breakout with a volatility spike long trade. Stop loss is about 70 cents, targets are 70 cents, $1.40 and $2.10 for 33% each and a reward of $2 for every $1 risked. Options are available for one and two months expiration.
On 1 120 minute chart, SIRI is now well positioned having tested the support of two sets of VWAP bands anchored back two earnings periods and so 3 months apart. The mean VWAPs are confluent and so form strong support. I expect the price to return to the early December high and test that level. In the past day a buying volume aberrant spike was printed. The...
🚀 Trade Overview: I've identified an exciting trading opportunity on the FUNUSDT pair on Binance, leveraging the power of volume analysis for potential substantial gains. 📈 Entry Point: Initiate the trade now at 0.006239. The decision is rooted in the belief that volume is the true catalyst for market movements, as opposed to relying solely on price action. 🎯...
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 in...
Hello, 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,...
Hello Traders:) 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!
Nearing the same VWAP rejection from March 22 and a 33% fib Only a caution for those leaning long (me, in the short-term). I'll be using tight risk mgmt as we get near the 'September Effect'
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...