DNEX try to do reversal from bearish to bullish . Later, confirm the reversal with volume . High volume means buying pressure. Once the volume increase, sooner or later DNEX will fly steadily. History repeat itself. Disclaimer: The idea is just for an educational purpose only. TAYOR.
SOLUTN breakout with volume . TP1 is expected at 1.35 and TP2 = 1.50. Follow your trading plan to entry. Disclaimer: This is just an idea for educational purpose only. TAYOR.
LUXCHEM is needed more volume to maintain the uptrend momentum. TF = 2-4 weeks Disclaimer: This is just an idea for educational purpose only. TAYOR.
DATAPRP is heading towards TP = 3.19/4.71/7.17. TF = 2-4 weeks Disclaimer: The idea is just for educational purpose only. TAYOR.
Hello ! Key points : Notable support zone Pullback after breakout Direction of trend Volume spikes on uptrend We've pulled back to an historical important zone, which acted as support. We're taking this trade after a breakout on high volume and wide range candles in the direction of the general trend. Volume represents the number of shares traded on any...
Hello ! Halfway retracement Key support zone Direction of the trend + wide-range candles Indecision + spike in volume Charts are like books. They tell us a story. We're trading in the direction of the trend, marked by these spikes in volume combined with wide-range candles. What do the shadows/wicks tell us ? Well there's much conviction here. Whenever...
Hello ! Key points : Pullback after over-extension Fading volume, downtrend losing steam Engulfing on higher volume Wide-range candles defining a strong upward movement I like pointing out the fact that stocks hold on to certain historical support zones. Traders and investors tend to remember them well, as you can see below : The general trend is...
Hello ! Key points : Significant support Pullback after breakout Wide-range candles in the direction of the trend Indecision + volume increasing As I pretty much always do, I went back in time looking for major support and resistance zones. To do that, I switch to a line chart and I take a look at the 1-year timeframe, it's way easier to define the major...
Hello ! Key points : Double bottom, cluster of candlesticks on first bottom Narrow range + low (relative) volume Buying pressure on downtrend I'm defining the resistance (previous support) based on the second gap (Gap2), on the distribution area and on the clear 3-candle swing high. To clarify, above the drawed resistance (previous support) we had a...
Hello ! Key points : Accumulation zone Halfway retracement Volume uptrend > volume downtrend Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong : 1) we see several spikes in volume 2) the bodies of the candlesticks grew wider the more the trend advanced As you can see, we've had a little...