This is the footprint of the bigger money that move the market. Price is always seeking value between buyers and sellers.
The central control line in the value area is where the most trading takes place, it's like a magnet to price.
Price moves from one value area to another.
Trade the edge of the value area back to the control line.
Interesting to see where this goes. Possible purchase of Arcadia - fundamentals aren't too bad despite high debt. Be interesting to see if there's a reversal.
The company is listed on London Stock Exchange shows amazing respect for Fibonacci levels. The selloff after reaching all-time high in December 2015 made 2 touches on the 61.8% retracement level.
The retracement starting from the all-time high to the low of the selloff is now also showing the stock price respecting all Fibonacci levels. Making 3 touches on the 38%...
Last post: June 10th. See chart .
Review:Price was approaching the area of resistance.
Update: Price has hit the resistance level but has since started to head down.
Conclusion: We need to stand aside and be patient until price can break through the resistance level.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
My views are my own and should not be considered as trading advice
Okay where to start, I know many are not a fan of the fib tool, but sometimes, well lets say it's useful
Next is on a current uptrend (fact) and (now fiction) using fib and a current support trend line 7060 seems to indicate a level of resistance, if 7060 becomes support/or is broken then yes i...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is above the 200 simple moving average and about to contest with the resistance level.
Conclusion: We need to see price break through the first resistance level then the second resistance level before looking for long trades.
Any comments or questions, do not hesitate to...
W1 - Special cycle completed, followed by bullish divergence and bullish convergence.
We can now look for pullbacks and buys.
D1 - Price created lower lows for double waves down. Both 61.8 and 100 level has been reached by the same candle. Bullish divergence created.
Uptrend line coincides with the zone where the fibo levels 61.8 and 100.
If we can get a...
Affected bad news that 'British retailer Next cuts profit forecast and warns of tough times', NXT today has a big drop with large volume, but it looks there is a good support around 4100. I think this is a short term bottom. Good chance for purchase.
SL: 4070
trendline break has me looking for longs
price approaching poc and HVN
looking for a possible pullback into support to test the longs before a move up to about 6700
sizable gap up there to be filled too
trying out something new with the volume indicator
Nothing glamorous ... just interested to see how price reacts around 4500; 50% fib retrace of low of 2008 to high of 2015 and potentially supportive trend line.
