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Breadth Indicators

$NEAR, easy invalidation on an asset with relative strengthYour job as a trader is to find assets with RELATIVE STRENGTH to this downward trend (if you're long). $NEAR fits that description, for a simple reason: It's at support on the OBV, right above the daily MA200 and the MA200 is pointing up. This means that not only is the asset still bullish, it also has a significant edge in your favor: EASY INVALIDATION OF A CLOSE BELOW THE MA200. Thought to find these opportunities in this market. This is a gift. Enjoy!
Long
by Enigma_Fund
1
Using the Keltner and Gaussian Channels to prepare for another NTLDR: If we see the NASDAQ enter the Gaussian Channel or NDX/SPX enters the Gaussian Channel it is a time to start looking for long term investments. If you see something you like (and maybe that includes giving you dividends) you would buy the base of the keltner channel. Analysis I think Have done a good job of putting the information on the main chart in an easy to understand way. One thing I have tinkered on in the past but am not going to detail in this post is how I often see a lot of curious price action occur within important wicks or candle bodies. You cannot always guarantee what kind of price action that you will get in one of these wicks. After all, they could be continuation or reversal. Either way, if you are doing this analysis on a monthly chart or something similar you might be looking for a pattern to develop on that time frame. And if you are on a monthly chart looking for at monthly candle sticks to make a pattern that can take years to develop. Another thing I am not digging into is other indicators looking for bearish divergence. They are there, but I am kinda time bound right now. A look at the weekly chart of NQ1!/SPXUSD shows after price went above the last monthly wick of NDX/SPX that price formed a double top and price is right at the valley low. Sure, they may be a bounce, for some odd reason, but I am not betting on it. I use the NASDAQ Futures versus SPXUSD because that gets me the most time based data but the inclusion of SPXUSD prohibits me from using any volume analysis, but that is fine for some pure charting technical analysis. I use the fib tar getting on that is pretty solid and while price may zigzag down on NDX/SPX the target shows that NDX is going to take a slagging compared to SPX. If you are familiar with your US indices, then you know generally that NDX is going to take the biggest hit, then SPX, then DJI. If this is similar to the dot Com bubble pop then Gold should be looking pretty good. And after Gold looks good, silver and the other precious metals should get a run. Here is a look at NDX and Gold. We might be in a decades long bull run of Gold against NDX. A look at GoldFutures/NDX seems to have a lot of bullishness in the monthly chart with your classic bullish divergence on the monthly. Gold versus Ethereum also looks very bullish divergence on the MACD and the Stoch picking up. What I am doing (for now) My crypto account is either in Tether, PAXG, or taking shorts. My normie employer restrictive retiremnet fund is poised for interest rates to rise. My own trading account is building a portfolio around precious metals and miners.
NASDAQ:NDXShort
by This_Guhy
3
MicroStrategy testing FibonacciWe can see a high correlation between the company and BTC since the pandemic. Looking at the monthly chart, the fact is that the price is now in an important Fibonacci region at 50%. On the 1-hour chart, on the ADX indicator, we can see a decrease in the selling force (red arrows), and an increase in the buying force (green arrows), forming a kind of symmetrical triangle, signaling a temporary indefiniteness. I'm waiting in the cabin to see what happens.
NASDAQ:MSTR
by andre_007
Incision with the indexes Market hanging on by a thread. - After testing overnight lows, we had a reversal of market internals (UVOL / DVOL, TICKS, Breadth) and rocketed higher closing the day in the highs. - PCC gave a buy signal mid day, VIX Ratio almost gave a buy signal. - My take away is we should bounce here, but we need to look for a failure near the daily SMAs (20, 50, 100, 200). - Downside target if we fail is 444 on SPY. - Earnings next week + FOMC the week after should accelerate RV. Stay alert.
SP:SPX
by NicTheMajestic
2
AT&T ready to for the next big jump? Dear TradingView-Community, today I want to share the first investment idea and I hope it will help you making the right decisions or bring a new perspective to your analysis. I really would like you to ask for feedback, that I can also learn from different views to become better over time. Thanks a lot for your time and I really hope it is not wasted, but for your benefit. As you can see on the chart, it is a really long cycle of the AT&T stock performance. As many communication stocks at that time AT&T hit its all-time high shortly before the dot-com bubble reached its biggest volume. AT&T have never seen this price since. Instead over the years there were several up and downs, but all had one thing in common >> every high and low stayed within a triangle (purple lines) and the volatility went down more and more. In October 2021 after presenting Q3 results, the stock price went to free fall and left the triangle to the lower end. But the downturn haven't stopped there, also the last significant support zone at the 23.6% Fibonacci retracement - red line and active since 2005 - couldn't stop the sell off. Instead the chart went down almost until the last significant low from both - end of the dot-com correction (2002-2003) and end of the financial crisis (end of 2008-2009) (red bubbles). Now let's take a closer look to the indicators, to find out if this also is a similar extreme reaction of the market as it was twice in the last decade. 1. RSI - Relative Strength Index As you can see in the picture only 4 times since 2000 we could see a oversold situation in the weekly RSI chart until today. It is relatively easy to interpret the first 3 oversold situation because it was always the end of a broader market correction (dot-com, financial crisis, Covid 1st wave). Therefore it was also pretty easy to predict that the oversold situation will be corrected by increasing stock prices after the fear went out of market and the optimisim took place. But what about the current situation? We have an even more oversold situation, in fact we reached a new all-time low at 16.46. It would be very easy to argue that this is a perfect moment to buy stocks as much as possible, because this oversold situation will be cleared for sure very soon. But... In my opinion there are several obstacles on the way and it is not that clear that a higher RSI also comes along with a higher stock price. 1. Currently we don't have had a broader market event that explains the downturn of this stock. 2. The competitor situation has changed dramatically over the last decade. (rise of T-Mobile US and recently the rollout of Tesla's StarLink project. 3. The liability situation becomes worse dramatically over the last 5 years with acquisitions of DirecTV and TimeWarner. 4. Both really large acquisitions are already on the way to separate again from AT&T in new corporations, but for a far lower value than purchased before. 5. The necessity of investing into 5G and fiber optic infrastructure to fight the competitors. 6. The latest spin-off announcement and the merger of HBO and Discovery also leads to dividend cuts for the first time since 50 years. 7. Technically the bearish cross of the triangle is a massive sell signal, but this is already happen and the price dropped already 20% since then. Nevertheless, I need to point out that all above arguments also have some positive counterparts + we need to differentiate between a long-term investment based on value investment strategies and an short to mediate technical based investment. So let's find out the positive things about the current situation and the nearer future: 1. Technically we are at an extreme low point when it comes to fib-retracement and RSI - that can lead to a turnaround with a short-term potential until $24.75 (23.6% Fib-retracement) or even $29.34 (38.2% Fib and connection to the triangle. 2. The merger of HBO-Discovery leads to a lot of additional stocks from the new corporation (70% of the AT&T stocks when you hold your stocks until the merger went through (approx. mid 2022). As you can see after several spin-off of different companies (e.g. Mercedes-Benz AG split from Mercedes-Benz Truck and Buses) the sum of both stocks are very often more worth than the stock before the spin-off. Means even when the AT&T stock price is not tending upwards, the spin-off and merger next year brings lots of potential. 3. The Spin-off leads to a significant liability reduction for the AT&T stock and that leads to a better value for the whole company. 4. The new merger is one of the market entertainment leader and with its digital and subscription growth strategy as well as its plans to expand to Europe, the best position in sport documentation and the strong brands will be a great base for expansion. 5. The reduced dividend kicks out dividend investors, but also leads to more free cash-flow to speed up the extension of 5G and fiber network. 6. The separation from the media section leads to more focus on the core business and allows to slimline the customer approach what also will safe operational costs. 7. AT&T is still a strong brand and one of the biggest communication companies in the world. It serves not just the US but the most countries of the world on all continents. Especially in raising Latin America AT&T is leader in costumer experience and working environment. A great foundation for further growth. Also the connection to the US government and especially into the emergency and health sector is a Garant for stable returns. What I am now looking for to find a safe trade-in point with a W/L ratio of at least 2/1: 1. MACD weekly When the blue line is crossing the red line again upwards that is a clear sign of strength and very bullish to interpret. Especially on the weekly basis. To trade-in earlier and have both - more potential and risk - you can use the daily basis instead. But the risk of a false signal is slightly higher. 2. OBV weekly OBV stands for On-Balance-Volume and symbolize the activity of "smart money". Means a new high in OBV symbols massive institutional activities and could be interpreted that there is a lot of big money in the stock. On the other side new lows symbol the complete opposite. As you can see in the chart above the idea is to figure out new extreme points and use them as an investment chance. In my opinion, we currently see a big uncertainty from institutions about the plans AT&T is planning to go. Or more likely because of the uncertainty the big money went out of the stock to observe the ongoing events and the next steps of the company from the side lane. This brings me to think about against the main stream and feels a lot like over fearing. For me a good signal to get in, because as soon as the smart money comes back, the stock price is likely already jump by 10% or more. 3. CMV weekly The Chaikin-Money-Flow stands for buying pressure when positive and for selling pressure when negative. As you find in the Chart, very often a new low of the CMV leads to a massive return reaction in the chart price. Therefore I am thinking again with this new all time low, the technical pressure to the upside is already in the making and could lead to a new buying period over the next couple of month. What do you think about my interpretation on AT&T? Is it a buy, a hold or still a stock to short? I am already excited about your additional indicators that had work for you and what this indicators may tell about the next move of the AT&T stock. Please also feel free to comment critic on my interpretation, but it would be great, when you also add some value how to do better in future. Again thank you very much for your time and if this was value for you, you are always welcome to donate. That helps me to stay motivated in sharing my analysis. Best wishes and maximum profit for all of you. Daniel from EcoFinLife >>> When all passengers in a boat are leaning to much over port it's time to go to starboard. Earlier than later the others will follow. <<<
NYSE:TLong
by TradingMasteryHub
6
Engulfing Candles Menace Big TechPrice action in the market has grown more cautious, especially toward technology stocks. The first big pattern occurred on Monday, when the SPDR Technology ETF jumped to a new all-time high above $175. But it was negative within an hour and closed the session under Friday’s low – a big bearish engulfing candle. Similar patterns appeared on November 22 and December 1. Next, gains have narrowed in Big Tech as Apple accounts for more of the upside. (Consider the second chart comparing XLK to AAPL.) Meanwhile former workhorses of the sector like ServiceNow and Adobe have teetered. Finally, MACD made a lower high this month as XLK made a higher high – bearish divergence. The weakness resembles patterns earlier in the year as bond yields jumped. This time, it occurs shortly before the Fed is expected to accelerate tapering. Is it the start of a new trend as Jerome Powell looks to unwind historic stimulus? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Editors' picks
AMEX:XLK
by TradeStation
11
London Stock Exchange (LSE)A 2300% gain and following overbought condition (green column) there now exists a 16 month bearish divergence between price action & RSI on the above 10-day chart. Time to collect profits. Sell out between current price action until 10.5k, no rush. Target price? For as long as the RSI resistance exists price action will likely fall through and until 2023. 1st target 4400 2nd target 2000 Fundamentally as a business LSE provides a variety of financial services. Many of them to EU located individuals and businesses. Since the UK left the EU much of that trading business has and/or will continue to move to another EU country. As the UK opted for self inflicted economic sanctions (a world first?), charts are now showing a number of EU owned UK based businesses with similar divergences. Most notable within Financial services and Engineering businesses.
LShort
by without_worries
4
OBV & ETH - Charts don't lie. Banksters and politicians do...So, if you are new to the markets you might not know. If you are old, you do. Wall Street uses "weapons of mass destruction" against the average person. And banksters are running the world printing money enslaving the youth and developing nations. The world is voting with their wallets and are converting their worthless government IOUs (FIAT, dollar, pesos, rubles etc) to True and Honest Money. And crypto assets, unlike physical gold and silver, DOES NOT NEED AN ARMY! There is no physical gold to hide or protect. All you need to remember is 12 to 24 words per cold crypto wallet (or have them stored in a bank vault in a way that nobody would know it's your recovery secret phrase for your wallet, ANYWHERE IN THE WORLD! Self control of your wallet is self control of your destiny. Knowledge and truth is pure energy for good. Manipulation and bad actors are evil energy that needs to be purified. Bitcoin, the Crypto King, and Ethereum ETC, the crypto Queen are dominating. The world just doesn't know. Yet. The crooks in charge of world fiduciary duties have failed. They are being voted out. Trust the charts, trust yourself and verify everything else. An open, honest, verifiable ledger is the world savior from the toxic bomb set off in 1971. 50 years later, we have debt jubilee. Welcome Physical Bitcoin! Welcome Physical Ethereum. Bye, bye crooked Wall Street, CME, LME and all the scum in between us and our money and investments! TradingView is the world leader in providing amazing data. One indicator seldom used to detect market manipulation is OBV. Let's look at that in this tutorial for New World Honest Trading Views! OBV clearly tells us Ethereum is bullish for the last 10 days although the price has been suppressed. What happen next on break of resistance. Let's make this a teaching moment for all your readers. There are NO WRONG answers, just different points of views. Based on analysis on the latest good data you have and let's chat here! Thank you Bitcoin, Ethereum and TradingView and all the good rocket scientists out there. The new World "Law Makers and Regulatory Viewers". And Rocket Launchers and Landers! LOL JustCharts! WOW! Wild $T1mes alright!
BITSTAMP:ETHUSDEducation
by UnknownUnicorn2413721
1
UNDERSTANDING PRICE ACTION USING FIXED RANGE VOLUME PROFILE Hello Tradingview, Thank you so much for providing traders such a beautiful platform and it will not be an exaggerating that you are the idea master as your idea for adding community and allowing users to interact with each other and sharing knowledge with each other has changed the of trading of many. Today I want to write something about one of your great addition to the system , that is FIXED RANGE VOLUME PROFILE which I believe would help many either in taking decisions or to filter the confusion. The terms to be used in short What is Volume Profile? Volume profile is a charting feature (or indicator) that shows the traded volume amount of an asset, over a specified period at certain price levels. Volume profile shows this data as a histogram in a Y-axis (vertical) next to price levels. volume profile uses the past traded volume and all of the strategies and plans are coming from historical data. POC -- Price Of Control, The point of control is simply the price at which the largest trading volume has been made over a period of time (buy/sales). This point is a rare point in the market because it is an indicator that can be observed before and not exactly when the price change occurs.POC or Point of Control is the highest volume node on the volume profile. The point of control is the longest volume bar on the volume profile and there are lots of volumes transacted there. Traders use POC as support and resistance or an important retest point. Value Area (VA) A Value Area or VA is where 70 % of the volume is located in the volume profile. Determined from surrounding nodes of POC. In this area, the volume profile gets a little complicated. what this means is that 70 percent of total volume transacted on the chart had occurred cumulatively at these price levels which are called Value Area or VA. The Value Area is a Market Profile concept. This is an area demarcated by 2 prices which bound the "most traded in" part of a time period. Technically the value area is 1 standard deviation away from the most traded at price which is the price which has the highest number of TPO's. This price is also known as the Point of Control (POC). Each time that the market trades at a price during a half hour bracket a letter is added to that price (one per half hour) and a vertically aligned bell curve is created. The middle chunk of that chart is the Value Area. Typically, the upper and lower prices of the Value Area, know as Value Area High (VAH and Value Area Low (VAL) are seen as support and resistance lines - in their simplest terms. Developing Point of Control (Developing POC)-- A Developing Point of Control is a change of POC over time. As a POC can change over time, you can see the change by looking at the Developing POC line and what it was in the past. Developing Value Area (Developing VA) A Developing Value Area is a value area that is changing over time. As the value area changes over time, you can see the change by looking at Developing VA. Developing VA is determined on the price action and is shown by two lines which show both Value Area High and Value Area Low over time. Volume Profile Rules You can identify market states with a volume profile. When you found out what market state you are in, these rules tell you what to look for in volume profile in different market states. If the price is consolidating (ranging price): Value Area will be located in the middle of the volume profile. The price will bounce between HVNs and LVNs If the price is trending upward (uptrend): The value area will be located at the bottom of the volume profile. The price will likely retrace to Value Area High If the price is trending downward (downtrend): The value area will be located on the top of the volume profile. The price will likely retrace to the value area low. Clearance A Clearance is an area in the volume profile in which only LVNs are located, and there are no HVNs(high volume node) on that area. If price enters, this territory expects the price to fall or rise very quickly until it hits a significant HVN.The strategy is when you see the price is going up or going down and it goes through major HVNs; it shows you the momentum is on that side. You should wait until the price goes through HVNs successfully and arrives in a zone in which lots of LVNs (low volume nodes) are there. You can buy (if the price is going up) or sell (if the price is going down) through the LVNs.(literature copied from the internet). Now if we analyze US 100 chart with this strategy, from the weekly chart, taking last 20 weeks as history, we see that POC line becoming 14990 and it was hovering around 200 points since last four weeks, but could not break the POC. Fibonacci level 2.272 is coming at 15422 and this beautiful FIXED RANGE VOLUME PROFILE is indicating that a new value area is developing around 15443, and here this indicator becoming special from other indicators as we have got a point 14990 as POC, which will act as a long term support, fibonacci level 2.272 , at 15422 will act as an immediate support if it gives a close above it today as it will be a daily close along with a weekly close.And this move can be considered as a real break out, not fake. This indicator becoming special for this kind of market behavior where either new highs are forming continuously or new lows are forming continuously , I mean where traders becomes confused and make a mistake . Finally hopes start trading waiting & waiting and often ends in a tragedy. I believe from the above logical calculations, a conclusive assumption can come out that it will be a buying call which can be more profitable rather to sell like a gambler. And coming to this conclusion, the contributions of this indicator is worth praising. Thank you once again Tradingview.
UEducation
by Somanathrout
SUSHI/USD looking good to me... Hay All Traders, I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... At this time, I do own a small amount of this coin! I'm looking at the daily chart and putting on my version of the RSI, and yes, it has a lower lowered, but it's still hodling the overall trend. With my version of MACD, it's still red, but I'm looking at the bars at the top, it's popping out of the "Linear Regression," my look back is the last 100 days and 10 days, and I'm using Linear Regression as support and resistance. And looking at the 1H chart, it looks even better to me!
COINBASE:SUSHIUSD
by ADHDing_