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Fixedrangevolumeprofile

USDJPY - Bullish ↗️ towards Level of High Volume Hi Traders! The market is moving in a weak Downtrend. A weak Trend is a Trend with valid Hs and Ls and accompanying deep Retracement Moves. By the way: That's why Channels are almost everytime weak Trends. At the left hand side, we have a Break of the Weekly Trendline. After this Break we have Trending and Retracement Moves. At the last Trending Move (towards 108.800), a descending Trendline occured. This Trendline provides bearish Momentum, because everytime the price gets to this Trendline, it gets pressure and moves lower. Consequently, the Trendline could only be broken easily with high Bullish Momentum - which we can see at the strong green candle. This strong candle, let's call it the "Momentum Changer Candle" , comes with two functions: Break of pressuring descending Trendline Appereance of a strong Bullish Engulfing Pattern So, as we declared that the market can easily go up, a question occurs: Where to take Profit? Remember, we still have a valid Downtrend. For finding out where the market could return back, we use the "Fixed Range Volume Profile" which shows as a so called "Point of Control". This tool can tell us where the market was highly volatile during a fixed Range - we here began with the start of the Downtrend 'til now. Imagine the Volume as a flood full of back pressure which can push the price back. If you have any questions, comments or feedback, leave a comment! Thanks and successful Trading :-)
Long
by swissmoneymakers
1
MARUTI : Head & Shoulder Trend Rejection.Positive Bais: Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it susained above @6855 level. . Points to be Note (Technical + Fundamental) 1. Head & Shoulder pattern formation.\ 2. Anticipated rejection at level 7060 due to increased in sales. 3. Sales soars, Decreased in profits no issues why? Cash folow has been increased in investing activies, Reserves has been increased by impressive numbers. 4. Seconday trend retracment are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs. . Le me know in comment section what's your views on this? NSE:MARUTI
NSE:MARUTILong
by rajveerscolia
A wider perspectiveHi traders, You see the chart in daily frame. I've drawn "fixed range volume profile" to explain and justify my thoughts. The red lines are the lines where there is most volume concentrated in that price. (according to ) So we see that in period 1, the red lines is near to the peak. That shows that people who bought at that area didn't sell. Under normal conditions, it is very common for newcomers to buy at the peak. However, I see there is 36-day period of accumulations, which bothers me. In period 2, we can clearly observe that, people who bough bnb at 252 have not sold. ( To clarify, you may draw one more Fixed Range Volume Profile from the beginning of period 2 and the end of period 1 ) Again, We may see the same pattern for period 3. The point is that people who have been bought at 28 dollar in average have not sold yet. If they do so, the red line of period 4 would have been much higher than the red line of period 3. That makes me believe that People still have a belief that BNB was cheapest at 28 dollar, and BNB was cheap at 250 dollar. This is the general perspective. What do we expect now? RSI has two downtrend. In my opinion, the market will be going a accumulation period after BTC hits 20k's. Meanwhile, If BNB breakout the inner downtrend, That will be our signal to buy some bnb. If that does not happen, RSI will likely go around 10-15. At that area, I am also going to buy BNB for spot. The next bull season, I believe, will be coming after the outer downtrend is broken out. If I have to give a date, that would be after the summer. When we should be afraid to buy more BNB? It is totally up to you. I would suggest you to check fixed range volume profile for period 4 ( from the beginning of the bull season to now ) regularly. Once you believe that the price level with the most volume is high enough, you may start to hesitate to buy and sell partial. Note: For short time of period, I expect a bearish period for a month or 1.5 month. Final Note : BNB is a coin that should be HODL. It is because Binance has the highest volume among exchanges. They do burn BNB regularly. There are many field that Binance is superior than its rivals in. Well, this is a little bit TA and mostly my thought based on what I observe. Happy to hear your comments. Stay safe ^^.
Long
by bahadirkisbet
5
How to use the new Fixed Range Volume Profile drawing toolVolume profiles are essential for understanding supply, demand, and overall liquidity. Volume profile tools make it possible to analyze volume trends at specific price levels and specific moments in time. Our new drawing tool called Fixed Range Volume Profile was created to give everyone the ability the study volume trends on their chart. Here's how you can begin using the new Fixed Range Volume Profile drawing Tool: 1. Go to the left side of your chart and click Prediction and Measurement Tools. This is the same place where you can find your Price Range or Long/Short tools. 2. Scroll down the list and select Fixed Range Volume Profile. 3. Once you've selected the tool, find and click an area of the chart that you want to study. Click a starting point and an ending point. In this example, we're showing a fixed range volume profile for BTCUSD from its all-time highs through today. Understanding how to read the Fixed Range Volume Profile is essential. When you draw your first Fixed Range Volume Profile you will see the following: • Red line = point of control or the price level with the most volume. • Yellow and blue rows = down volume and up volume for each price level. • Shaded blue area = selected volume profile area that's being shown. Keep in mind that you can adjust the settings of the Fixed Range Volume Profile. This means you have the ability to change look, feel, and calculations. For example, you can add a developing point of control, adjust the colors of the shaded area, and change the size of the volume rows. The possibilities are endless and it's up to you to build the perfect look for your Fixed Range Volume Profile. We hope you enjoy this new drawing tool and we look forward to seeing how it's used. We're on a mission to help as many investors and traders as possible and we believe tools like this do that. They are free and open to everyone. If you have questions or feedback, please write them in the comments below. If you're still unsure about using this tool, we recommend that you dive right in and start experimenting. One of the best ways to learn is to try the tool for yourself.
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by TradingView
124