Will go down to next volume value area (bulge on indicator to left of chart shown as white horizontal line at 179.29).
Market has rallied from obvious LT volume support around 177 (in Daily post) and now at yesterday low = Resistance, just above which is yesterday POC around 179.20, which is above Ichi Cloud, and then there is the 180.19 I still think market will probably retrace to on way to 182.62 above where there was a gap several days ago (begininng of current down...
I have drawn whit dotted lines from the Volume histograms far left of chart showing key support levels. If #1 around 176.77 holds (these are zones rather than precise, pinpoint prices), then expect a bounce to the gap above 183.50. IF it slices through, there is little below before 169.05, so if playing the long side, WATCH OUT or have deep, patient pockets! I...
This is a better chart than the one I published a few mins ago with split candles and HAshi. Here you see clearly how the upper spike to 182.70 was within a couple of ticks of the white dotted line I drew two days earlier (Thursday POC level). Which just goes to show how important/helpful those POC price zones are. They are based on real information, i.e. the...
This idea is an addendum to one published 14.25 Friday and shows the after-market action which hit the two main POC levels (white dotted lines which are drawn off the VPSV histograms on the far left of the chart). This is a strange chart in that the Heikin Ashis in the lower window are the main ones, and the candles in the upper window are extras. It's something...
This has been a fairly consistent down day. Now it is 14.25 EST so a daily 'Contra' is due. Look for a pullback into the POC at 180.19 and probably the VWAP will be down there too. That will be basically it for the day, it being Friday. Generally, i fthere has been no substantive earlier Contra (usually about an hour ago), the later one is deeper. They often...
This is just for the sake of taking a look, not a trade or prediction etc. Using the Premium Volume Stuff from this site (am on 30 day trial) VPVR which shows Buy/Sell volume at price for the Range on the chart: I set this Weekly chart to start from the Low of the 2008 sort-of crash. So all volume analysis is after that. I put a large elipse around the zone with...
I just drew a white dotted line at minor volume histogram support around 179.29. This is also the prior breakout point from late December (large yellow bar breaking above two previous bar highs making for classic swing pattern low, but also that is probably when most of the volume happened. So a correction back to that level would be entirely natural....
Using Volume analysis we can see clearly that the bulges around 183.50 and 184 will probably serve as a magnet before any further correction (for example on the Daily chart where I published a probably down-move soon). First, the market will probably retrace, almost certainly to the 183.50 level. If it doesn't, then this is a strong correction, but once it's...
Long Signal idea - volume and price analysis gap overhead warning: Using trading view VPVR premium tool (this shows the volume buy/sell on left of the period displayed on the chart), clearly the next major support zone is around 169.05 (white dotted line) and below that 165.53. THe market is already going below previous high levels around 181.75 and the next...
YOu can see the last area of volume (a bulge in histogram) is around white-lined 181.61 level. If mkt goes down there in this or next short-term leg (this is a 5 min chart), should be good support level from which bounce to current VWAP around 182.17
13:45 YOu can see a POC forming around 182. 64. But also you can see that there are more shorts than longs, and also there is a larger POC up above from yesterday around 184.07. It is quite possible that the new shorts are going to get trapped if/when the market corrects back vfrom here to the Magenta VWAP around 182.7 just below Ichimoku Cloud, but then if the...
Big gap in price chart away from white line highlighted 183.51 previous POC (price of control, several terms are used) where most volume past week or so. Now: the market could go a lot further down (take a peak at Weekly chart), but usually it will do so in ladder fashion. In any case point of this 'idea' is that: because of gap down to relatively low volume...