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HVN

Possible Completion of Head and Shoulders on GCNext week I will be watching GC, initially looking for a move higher back up the 2 Hr Supply Zone. I will be looking for a 5 wave impulse back to the 2 Hr supply and monthly high volume node where institutions will be able to fill and/or exit their positions. The one advantage we have being retail is we can see their footprints in the volume profile. They cannot exit or build positions in low volume. They have to do it where the volume is. Levels of High Volume will always be magnets because that is where accumulation and distribution can take place. That being said, I think we get a 5 wave impulse up to the the high volume, this could be the right shoulder, at which point it would make sense we chop around as distribution takes place and then we get a ABC correction back down to the demand zone with a potential target of the unchecked daily POC underneath the recent lows. That would be a completion of the head and shoulders, at which point the potential of a measured move to the downside would be in play. Obviously I have no idea if this will play out like this, that is just my weekly outlook as of right now. As you know trading is fluid and the plan could change but as of now this is my plan. Good luck to you all next week
COMEX:GC1!
by Trend_Chasin
Tutorial | Lesson 4: Key Levels When Trading 24 Hour MarketsLet's look at some key levels to identify before each trading session, especially when trading around the clock markets like futures. Before the cash session bell, what are the prices for the following levels? Prior Session High/Low Overnight High/Low Developing Value Area High/Low And then, at 8:30a ET, is price above or below the prior session high or low? Are we seeing an inside or outside day? Other levels worth consideration are prior sessions POC, High Volume Nodes (HVN) for possible areas of support or resistance, and price relative to our trend filter.
CME_MINI:ESU2021Education
by RodCasilli
8
HVN - Harvey Norman Bears come out to play? - Short IdeaHarvey Norman another stock looking to blow off some steam after a nice Covid bull run. High demand in online shopping sector combined with the Covid lockdowns and agreements with BNPL companies saw nice 160% Gains for Harvey Norman. However The bears look to be in control here and we should be able to pick up some solid gains within the correction phase by going short. Currently price is rejecting off the 100 day MA on the daily chart and Relative strength index is in oversold territory. Given new outbreaks in Australia and short lockdowns in Victoria (Which may go longer) We may see a change to the upside. Again another stock which i feel is in need of a solid correction. I'm chasing the gap fill here My Long term target is set. Where's yours? As always tight stops! Manage your position and review it. My position will change long to short multiple times over the duration of any correction depending on risk reward ratio of course :) I AM NOT A FINANCIAL ADVISOR- I LOOSE 100% OF MY TRADES IF I DON'T PAY ATTENTION & STICK TO MY TRADE PLAN - YOU WILL TOO!!! Tight Stops and big profs - Happy Trading :) Opinions and advice welcome :)
ASX:HVNShort
by TMR-Trading
HVN Hiveterminal longer-term investment strategy...The chart is quite self-explanatory, but just to spell it out: I already have a core position built up & ready to go. IF given opportunity by crypto gods, I will accumulate more in zone 1... and may futher increase position size in zone 2 (IF price ever gets there) There are NO PRICE/PERCENTAGE GAIN TARGETS because: 1. this is a LONG-TERM hold, big part of it beyond current (ATH). 2. given the low-volume nature of this coin (until bigger exchange listings), indicating points at which I intend to take profits would just needlessly invite front-running attempts
Long
by adamicius