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Absorption

Li Auto is about to manipulate the highs it made a year ago!I annotated this chart so hard this time and I know its annoying to look at...but you have your own clean screens to look at it... This should atleast explain what I see and help those who don't know, what to look for. I accidentally came across this chart because I was trying to type bili bili but when i saw the chart with my ESVO lines on it I was like I have to play it. So for me this is just an update to this play that I got into a week ago. Obviously it looks a lot better now that we are here. And I never once thought my bias was wrong as you can tell it didn't want to dump. Because if it did want to it would have. The price was always withing a dollar or a dollar and change to the entry. Now that it has come back to this area I broke down everything the lines are telling me plus everything I see with the amount of space that I have to work with. I could go into about 5 other kinds of trading styles and break those down but I figure I will just leave it at this. Its bullish! All the other stocks in the group are moving with it. So that tells me that big money has been fostering this group of stocks to get it to this point over the last year or less. Since the last highest high. So that should tell you there is a pile of shorts up there that need to be covered for them to continue this move up above that. unless there is a massive surge of volume it might take a while to consolidate all of them. I will be looking for a trend line that this will be tapping into over the duration of this move. And also a trend change which shows that liquidation of shares has begone and that we should be looking for an exit. I do think this could take another 3-6 months to complete. all of the hot areas for this stock are marked on this chart with the exception of the three just below our current price. And Current Price of HKEX:26 this weeks highest volume area $24 Automatic, Session, Daily, Highest High HKEX:23 Daily. Weekly HKEX:22 Highest Low all great supports as they are all stacked under us. If nothing else I think we should hit HKEX:30 however, HKEX:38 and $41.50 are also huge areas of untapped stop losses and pockets of retailers waiting. by iCantw84it 04.17.23
NASDAQ:LILong
by iCantw84it
5
***Bili Put Update**** Had to take profits.Sorry, I know I said I was sticking this in but it wasn't until the final moments of the market that it finally finished a reaccumulation....where it had not been able to even come close in the last couple of days. When it started to form I was charting it out which you can see the starts of in the previous video. But again it wasn't ready or even looked ready until the last 5 mins of the market. I ended up using the same trick as the one I used on the TRKA video where I showed absorption and the how the market responds to it as it explodes upward. So if you want to see that video check out the related video. Price target going up is $21.60 then I think we retest this low. Again if you are intrigued by anything I am showing you. Please Like Follow and of course hit the Boost button as thats the only way people can find my videos. by iCantw84it 04.05.23
NASDAQ:BILILong
by iCantw84it
TRKA Can it get out of the low .20s? Absorption Pop!TRKA was setting up to make a move that was going to pop so I had to jump on real quick to catch it. Using Volume and price you can find synergy in between the two and watch for when the set up is about to capitalize on everything it had set up. We are talking about institutional trading and algo trading. Using the ESVO (an indicator i made with ChatGPT to identify the bottom and the move after that sets up an explosion off the bottom.) Really is a beautiful thing. Will TRKA make it out of the 20s? Who knows! That's not why I made the video. I made it to show off how I use my indicator and share how to identify the bottom and what is needed to move up. If you find any of this intriquing please like follow and of course Boost, as its the only way more people can see my videos. Thank you. by iCantw84it 04.05.23
T
by iCantw84it
ABSORPTION MODELHello everyone! Today I want to share with you a very strong pattern that I use myself and that you can find on any chart. When used correctly, this pattern is able to suggest the best entry point and possible reversal, which potentially promises you good profits. Identification The engulfing pattern looks like two candles, the first of which is small, and the second is large and its body will be larger than that of the first, and the candle is directed in the opposite direction. The logic of this model is simple - there is no more strength left in the market to push the price - the first candle, after which a large one is formed and uses weakness to push the market in the opposite direction. A couple of important conditions: There must be a trend before the pattern. The second candle should be large and have the opposite direction. In addition, the first candle should close almost without a shadow, that is, at its maximum. Trading in a flat can bring a lot of losses, since a lot of false signals appear in such a market. Trade The entry into the market is made after the level of the first candle is broken - that is, the market has swallowed the candle and goes in the opposite direction. The stop loss is placed beyond the high of the first candle. Take profit . There are several ways to set a take profit. You can set it at a ratio of 3:1 or more to your stop loss. Another way is to set a take profit in the area of ​​the next level. This method can bring more profit, while it is worth remembering that the market may not reach the level. Timeframes The choice of timeframe depends on your trading style, as this pattern occurs on all timeframes. But it should be understood that the lower the timeframe, the worse the figure will be worked out. The ideal time frame for trading is 4 hours. You can choose the one that suits you. Conclusions This pattern, like all the others, provides a guide for trading, but this does not mean that the market will definitely go in the direction you need. When analyzing, it is worth analyzing the whole picture, do not rely on only one pattern, use indicators. When trading from the level, this model will be worked out more often. Use patterns correctly. Good luck!
Education
by DeGRAM
5
Viewing Break of Market Structures as Broken ExpectationsBreak of expectations is a perspective from which I look at market moves a lot of the time. Broken expectations manifest in the form of broken structures. It's the same thing, but just another way of looking at such moves which makes the liquidity story a bit clearer thereby inducing more confidence in taking trades off these zones. Obvious trend continuation zones, when broken, catch many a trader offside. These make for high probability trade locations (for trades in the opposite direction).
Education
by the_MarketWhisperer
1
Bitcoin AccumulationPresenting a wyckoff accumulation for Bitcoin The main area of focus on this chart is the JAC (jumping above creek) that we see near the bottom of the trading range. Price displayed a change in/of character by jumping over the dynamically forming resistance (made by connecting the peaks of the highs) on noticeably higher volume. This illustrates the market absorbing supply. After this JAC, price entered an uptrend illustrated by the demand line and the supply lines. Price has reacted very nicely to these boundaries. We're currently facing the top of the trading range that happens to coincide with the upper creek. The appropriate course of action is to wait for another JAC and observe the volume. If the volume is markedly higher, then we accept bullish momentum and seek to enter long positions during a retracement...most likely @ the top of the TR/upper creek itself. ( It is worth noting that crypto doesn't always provide textbook retracements, so a pullback of any sort should be seen as an opportunity if the volume supports an entry. ) Lastly, the target range is taken by using a horizontal count and a point and figure chart of BTC. A reversal of 3 and a box size of 50 was used. TF's of the 1D and the 15min were used. As BTC has a lot of intraday volatility, each TF gave different results. I used the min and max for each resulting in a large target zone. However, the bearish order block (indicated by the red dotted lines) can be used to narrow down targets and observe reactions.
BITMEX:BTCUSD.PLong
by AzorAhai06
1
Bottom formation with signs of strong hand absorptionGE stock price has been in the free fall style crashing down since October break down of the 12 dollar mark. The falling has been exacerbated by the back drop of weak general market. As the panic sets in, the sharks moved in. The volume expanded at the low while the price is making a flat correction below 8 dollar mark. My suspicions of strong hand absorption has been confirmed by the price action of the first trading day of the year 2019 that It has broken decisively above the 8 dollar mark. I believe that the absorption stage is likely to be finished and a retest of the absorption range is very likely in the next few days. At this moment, the risk reward does not favours who he/she chases the prices as the stock is traded quite close to the 9 dollar major resistance level and bearish gap. If it trades back down from 9 and retest the absorption range, then it would be a much better long trade. If it would take out the resistance at 9 dollar mark with strong momentum, a long entry can be considered after seeing a bull flag formation appeared in the chart.
NYSE:GELong
by chenb1981