Flag Pattern, Fib Retracement, Volume Discrepancy May 2022-2023Interesting lack of volume when compared to May 2022-2023.
Volume
Great lesson on my perfect set upThis is an example of what I can look for in the coming week and work on this is my perfect A+ set up
Cup and handle pattern breakoutGood volume buildup in daily and weekly timeframe.
Cup and handle pattern breakout with good volume.
Fundamental's are OK.
NOTE: I do my analysis, do yours before trade.
Long term continuation biasing patternGood volume buildup in daily and weekly timeframe.
Highest volume buildup in daily timeframe.
Long-term continuation biasing pattern breakout with good volume.
Fundamentals are good.
FII and DII stake increased significantly.
NOTE: I do my analysis, do yours before trade.
Power of #3Good volume buildup in daily and weekly timeframe.
Breakout of #3 ( ATH with successful retest on trend line with good volume).
Assumption:➡️ If market momentum continue than still can give good move as ⤵️
Fundamental are OK.
NOTE: I do my analysis, do yours before trade.
Breakout of rising wedgeGood volume buildup in daily and weekly time frame.
Breakout of rising wedge with good volume.
Fundamental's are OK.
Smallcap⚠️⚠️
NOTE: I do my analysis, do your before trade.
Long Position on XLMUSDT / Volume ProjectionBINANCE:XLMUSDT
COINBASE:XLMUSD
SL2 ---> Mid-risk status: 5x-8x Leverage
SL1 ---> Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
0.1045
0.1055
0.1070
0.1085
0.1100
0.01112(In Optimistic Scenario)
➡️SL:
0.0977
0.0955
🧐 The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Cup and handle breakoutGood volume buildup in daily and weekly timeframe.
Cup and Handle breakout with good volume and successfully retest.
Fundamental's are good.
DII stakes increased.
NOTE: I do my analysis, do yours before trade.
ATH breakout Good volume buildup in daily and weekly timeframe.
Price has always respected 50ema in daily time frame wait for retest ai ATH zone of retracement at 50ema.
Fundamental's are good.
Profit up QOQ.
FII stakes increased.
Trent is mainly textile part of TATA SON'S.
Assumption➡️ Bangladesh democracy meltdown in terms effecting the textile hub that it is and it might help other textile country hubs.
NOTE: I do my analysis, do your before trade.
Breakout of long continuation biasing patternGood volume buildup in daily and weekly timeframe.
Breakout of long-term continuation biasing pattern.
Fundamental's are good.
FII stakes increased.
NOTE: I do my analysis, do your before trade.
NZD/USD Day Trading Analysis With Volume ProfileOn NZD/USD, it's nice to see a strong buying reaction at the price of 0.59570.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
NVDA approaches key support levelNVDA has been dropping pretty steadily and currently showing no signs of reversing
Volume shows increase as price falls
20 RSI remains below 50
Waiting to see if NVDA breaks and holds below 95. If this occurs we should expect to see more selling to come.
SMH tests major resistance lineSMH approaches major resistance line after flash crash a few days ago
SMH rallies to major resistance line
20 RSI remains below 50 which is a bearish sign that the recent rally is running out
shorter timeframes show a dramatic drop in volume during the rally which is another bearish indicator
August and September are historically bad months for the stock market
I am expecting SMH to test the resistance line, possibly breakthrough then pull back before continues selling.
Not putting on any trades, waiting for confirmation.
MINDA CORP - Gearing up for More Upside ?After almost two months of side ways move the stock is on the verge of taking out the previous Price Rejection Zone. My checklist all ticked right
Relative Strength
Buying Pressure
Increased volume
Money Flow
Absolute Momentum
Increased Delivery volumes
There is a high probability of the stock moving into the next Higher trajectory. A positive close above 527 will add more conviction.
Possible 2 XDaily TF
1 - ema 20 crosses ema 50, down. 50% drop in price follows from April to July 24. 20 hasn't crossed back up yet, but showing signs of a support/floor.
2 - 20 did not make it back for a cross up. But price action tagged along on BTC rise. Followed by retrace.
3 - Increased volume. Visual signal for long...
*** Possible 2 X from price 0.021***
1HR TF
4 - Short term signs of a rise. 20 ema crossed 50. price heading towards a touch with the 200ema. Then anticipate a pullback. Use this TF in confluence with the D TF to execute a possible long entry. If volume good on the bounce and BTC showing strength, wait for confirmation to enter long.
15 Min TF
As per Anchored Volume profile and diagonal resistance line, target entry price is 0.02281
Long S&P 500 setup as bulls absorb big selling volumes S&P 500 E-minis have absorbed plenty of selling over the past few sessions but are yet to take the lows struck on Monday. While that doesn’t mean they won’t, it looks like futures may be settling into a new sideways range between 5350 on the topside and 5154 on the downside. Granted, the latter is only a minor level that was breached in the peak of the market puke on Monday, but the dip was bought aggressively below the level.
While signals on momentum like RSI (14) and MACD point to continued downside risks, sitting near the bottom of the newly established range, a long setup could be on the cards if we see risk-reward of the trade improve. It’s not a high probability setup, so if we’re going to go against the trend, we don’t want to be risking a lot.
Pullbacks towards 5154 offer one entry point, allowing for a stop to be placed below Monday’s low for protection. The trade target would be the top of the range at 5350. Those wishing to get in now could do so with a stop below 5154 for protection. Target would be the same as the preferred setup.
From a fundamental perspective, Thursday’s US jobless claims data may be influential on the trade with a stronger-than-expected outcome likely to ease concerns about the US economic trajectory, and potentially the outlook for corporate earnings.
DS
GBPJPY - Down Movement has startedGBP/JPY has tested resistance levels on the 1-hour and 4-hour charts, initiating a downward trend. Place a stop loss above 188.25, and set take profit levels as indicated on the chart.
According to Volume Spread Analysis (VSA), a high-volume bullish candle followed by a high-volume bearish candle that doesn't break the high of the bullish candle is a strong indication of a bearish movement. As long as the high remains unbroken, this setup is favorable for a short trade.
Bitcoin (BTCUSDT) Potential Move from $43,600 to $120,000Description:
Based on the current weekly chart analysis for Bitcoin / Tether Standard Futures (BTCUSDT), there is a significant potential for Bitcoin to move from $43,600 to $120,000. Below are the key points observed:
Current Price: Bitcoin is currently trading at approximately $54,806.45, down by 5.75%.
Elliott Wave Analysis:
The chart indicates a potential ABC correction pattern.
Wave A has completed, and Bitcoin is currently in Wave B, which suggests an upcoming bullish Wave C.
Support and Resistance Levels:
The primary support level is at $39,987.31.
The significant resistance level and target is the area around $120,000.
Fibonacci Retracement Levels:
38.2% Retracement: $31,145.00
50.0% Retracement: $23,356.00
61.8% Retracement: $15,568.00
Indicators:
RSI shows potential bullish divergence indicating a possible upward move.
Volume profile indicates strong accumulation in the lower price ranges.
Extrem Buy Alert: The chart highlights an "EXTREM BUY ALERT," suggesting that the current levels could be a significant buying opportunity before the expected upward move.
Chart Details:
Timeframe: Weekly (1W)
Ticker: BTCUSDT.PS
Exchange: Binance
Disclaimer: This analysis is based on historical data and technical indicators. It is not financial advice. Please conduct your own research before making any trading decisions.
Breakout of long-term continuation biasing patternGood volume buildup in daily and weekly timeframe.
Breakout of long-term continuation biasing pattern.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
BTC scalp - August scalping journey trade Nr. 2 Trying this risky setup on BTC after 30min FVG got tagged and we are at the 3D VAH. Aiming for the 3D VWAP but please recognise the risk here.
Break up of the setup 👇
30-Minute Fair Value Gap (FVG):
The 30-minute Fair Value Gap (FVG) is a key level identified on the chart. This gap indicates an area where the price moved rapidly without much trading in between, creating a potential zone for price to revisit and balance out the prior inefficiency.
3-Day Value Area High (3D VAH):
The current price is at the 3-Day Value Area High (3D VAH). This is a significant point derived from volume profile analysis over a three-day period, indicating the upper boundary of the price range where the majority of trading volume occurred.
Price Action and RSI:
The price has shown a recovery from a recent low, moving upwards to tag the 30-minute FVG. The RSI (Relative Strength Index) is displayed at the bottom, providing insight into potential overbought or oversold conditions.
Trading Strategy:
Entry Point:
The entry is based on the price revisiting the 30-minute FVG, an area often revisited for price correction and liquidity purposes.
Target:
The primary target for this setup is the 3-Day VWAP (Volume Weighted Average Price). The 3D VWAP is a dynamic indicator representing the average price of the asset over the last three days, adjusted by volume. It is a key level where the price is likely to find support or resistance.
Going to take profits on the way down and moving my stop loss to break even.
Considering the high-risk nature of this trade, appropriate position sizing is essential. Avoid over-leveraging and ensure that the potential loss is within your risk tolerance.
SPX500, JP225, DE30. Analysis for CompetitorsHello traders and investors!
Over 55,000 traders have registered for The Leap paper trading competition. The assets in the competition include SPX500, JP225, and DE30. This analysis may help in making the right decision.
Weekly Timeframe Analysis:
All three indices interacted on the daily timeframe with the level at the base of the last buyer's impulse on the weekly timeframe: SPX500 at 5193.1, JP225 at 36375.7, and DE30 at 17479. On Friday, when the weekly candles close, we will know the results of this interaction.
Daily Timeframe Analysis:
SPX500 and JP225 are in a downtrend. The start of the latest seller impulses are 5571.8 and 39090.9 respectively.
JP225: Today, the price is interacting with 50% of the last seller impulse (34798.4). We are observing the seller's reaction. If the seller does not show strength, we wait for the price to interact with the weekly level 36375.7, where selling opportunities can also be found. There is currently no context for buying on the daily timeframe.
SPX500: The price is still on its way to 50% of the last seller impulse (5333). Note that the 50% level of the last seller impulse (5333) almost coincides with the upper boundary of the price gap (candle from 02.08.24, its close is 5333.6). I anticipate that we will see a seller's reaction at these levels, and it is advisable to look for selling opportunities. If the seller does not show strength, the next significant resistance for the buyer's movement is 5398.6 (the minimum of the penultimate seller impulse), where selling opportunities can also be found. There is currently no context for buying on the daily timeframe.
DE30: The situation is different. The price has formed a sideways movement, with the upper boundary at 18796.5 and the lower boundary at 17941. The seller in the 6-7 vector of the sideways movement has moved below the lower boundary. Note that the 50% level of the seller's impulse (17909.5) and the lower boundary of the sideways movement (17941) almost coincide. It is advisable to look for selling opportunities at these levels. There is currently no context for buying on the daily timeframe.
Hourly Timeframe Analysis:
JP225: On the hourly timeframe, there is an uptrend. The start of the latest buyer impulse is 32793.4. The key candle of the impulse is at its end (the candle with the highest volume in the impulse, marked on the chart "KC").
Buying opportunities can be considered from the buyer's defense of the range 34282 - 34798 or after the formation of a new buyer impulse from buyer zones within this impulse. Keep in mind that there is a downtrend on the daily timeframe.
If the seller engulfs the key candle of the impulse, it will provide context for looking for selling opportunities.
SPX500: The price has formed a sideways movement, with the upper boundary at 5318.9 and the lower boundary at 5198.6. The upper boundary is slightly below the daily levels (5333 and 5333.6). Within the sideways movement, it is advisable to look for selling opportunities from the upper boundary and buying opportunities from the lower boundary.
Selling opportunities can be considered if the seller defends the upper boundary of the sideways movement, interacting with the daily levels.
Buying opportunities can be considered from the buyer's defense of the lower boundary of the sideways movement, in the range of 5198 - 5215. Keep in mind that there is a downtrend on the daily timeframe.
DE30: The buyer has not yet managed to start an uptrend on the hourly timeframe. We only see one impulse so far. The price has already interacted with 50% of the latest buyer impulse, but the buyer has not yet managed to form a new impulse (an hourly candle closing above 17569). There is no clear context for buying or selling on the hourly timeframe at the moment.
If we consider the 2-hour timeframe, selling opportunities can be looked for from the upper boundary of the sideways movement in the range of 17647.6 - 17731.2. Buying opportunities can be considered after the price breaks upwards out of the sideways movement and the buyer defends this breakout.
Online analysis of the daily timeframe: trend or sideways www.tradingview.com
