UBER stock desperately needs to breakout from the box!Hi everyone,
Today we are taking a look at NYSE:UBER price movement.
We are using boxes with levels and fixed term volume profile.
What has been happening?
NYSE:UBER stock is pretty volatile asset in general (leaving out all meme stocks obviously). During last 7 months it has been moving in 37-56 price range with POC at 46-47 level.
Last 2 months, however, the price spent in a consolidation box in the 42-48 zone.
Volume profile for this period is not distributed uniformly, with value zone from 44,5 to 47,3 and POC at 45,5 .
Where are we now?
As of 17th Nov close, we are at the bottom line of the value zone at 44,4 .
Due to the fact that stock price did not close significantly outside the value zone, a reversal to 45,5 POC level is expected.
Moreover, longer-term POC of 46,9 is likely to be revisited.
What to expect?
I want to see profile structure repair at the value zone. That would signal of healthy price development.
Second biggest volume node is at 47 , so I expect POC to migrate there if we stay in the value zone.
Looking even further down the road, break of 48,7 box level takes us to 51,8 .
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
POC
USDCAD - SHORTSell opportunity to complete Harmonic Pattern. The target is next POC level in Demand Zone.
USDCAD - SHORT
ENTRY PRICE - 1.25560
SL - 1.26060
TP - 1.24400
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LYFT Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern:
-Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches)
-The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill
-VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish
-Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's)
-Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different.
-MACD in stagnant divergence over the past few days.
Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
USDJPY - LONGConfirmed reaction to POC level with uptrend channel. Consider buying opportunity. The next plan is to breakout the Supply Zone.
USDJPY - LONG
ENTRY PRICE - 113.900
SL - 113.600
TP - 114.800
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AUDUSD – SHORTSell opportunity to complete Descending Wedge pattern. The target is next POC level in Demand Zone.
AUDUSD – SHORT
ENTRY PRICE - 0.73300
SL - 0.73600
TP - 0.72600
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GBPUSD - LONGConsider the development of North Impulse from Demand Zone . The target is next POC level.
GBPUSD - LONG
ENTRY PRICE - 1.34900
SL - 1.34100
TP - 1.36400
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AUDUSD – LONGThe price has reached demand zone. Consider buying opportunity. The target is the next POC level in Supply Zone.
AUDUSD – LONG
ENTRY PRICE - 0.73560
SL - 0.73200
TP - 0.75100
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CADJPY - SHORTThe price is below the Major Resistance Level. Consider the development of the South Impulse. First target is next Demand Zone.
CADJPY - SHORT
ENTRY PRICE - 91.650
SL - 92.500
TP - 89.830
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GOLD may down to 1760 as triangle in wave (x)(Red). 10/Nov/21GOLD possible forming a bullish triangle in wave (x)(Red). Price may reached wave d (Cyan/Light Blue) of the triangle @ 1832.56 which is the major resistance zone of the long term down trend line (Red Dotted).....Wave e (Cyan/Light Blue) of the Bullish Triangle could be at around 1760 which is the zone of :- 1) Lower Support Line of the Bullish Triangle ( Cyan Dotted) .. 2) Weekly Up Trend Line Support Zone ( Cyan Dashed ) .. 3) P.O.C ( Point of Control) zone of Volume Profile,,..
USDJPY - SHORTThe price is below the Major Resistance Level. Bearish Harmonic Pattern has been completed. Consider the development of the South Impulse. First target is - POC.
USDJPY - SHORT
ENTRY PRICE - 114.200
SL - 114.700
TP1 - 113.700 (Breakeven)
TP2 - 112.100
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
AUDJPY - SHORTPrice below local POC level. Sell on a false breakout! The target is next POC level.
AUDJPY - SHORT
ENTRY PRICE - 81.700
SL - 82.100
TP - 80.250
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Sea Ltd stock analysis w/ boxes and Volume ProfileHi everyone,
This time I am analyzing NYSE:SE stock movement using volume profile besides my usual boxes setup.
NYSE:SE stock price has shown very persistent up-trend strenght for the past year.
When we have the equity soaring up like NYSE:SE does, it is helpful to use Volume Profile to see a bigger picture.
I added three volume profiles for different timeframes: 9 months, 5 months and 2 months.
What does it show us?
As we can see in the past 9 months the biggest trading volume occured around 273 level. That is where our long-term POC is.
However, a decent volume profile started developing from 308 level and above.
For the last 4 months the highest volume has been seen at 323 level. Both 2 and 4 month profiles have universal volume distribution with same POC level.
That means that higher price level has been accepted and stock is consolidated on a higher time-frame.
What now?
As volume profile is dynamic, I expect long-term POC to migrate to 320 level.
However, for that to happen we will need to see a lot of volume at 320, which is 7% lower than the current price.
AND that would be happening at the uptrend support line, which is dangerous.
IF that is broken, we could see a return to 273 POC to repair long-term profile structure.
IF we continue higher from here, we would get unevenely distributed profile, which could be bad in the long-run.
Let me know what you think of NYSE:SE movement and if it is sustainable.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
GBPUSD - SHORTHarmonic Pattern has been formed. Consider the development of South Impulse from Supply Zone . The target is next POC level.
GBPUSD - SHORT
ENTRY PRICE - 1.35850
SL - 1.36850
TP - 1.33600
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
USDCHF - LONGConsider the development of North Impulse from Demand Zone . The target is next POC level.
USDCHF - LONG
ENTRY PRICE - 0.92500
SL - 0.92150
TP - 0.93160
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
GRT Analysis 08-09-2021 by TheSocialCryptoClubGRT is viewed very well by investors in the medium/long term.
Today we analyze it from a graphical point of view.
First of all we can outline a parallel bullish channel; moreover, two POC have been drawn: the first one concerns the whole history of GRT and is positioned at 0.56; another one concerns only the last bullish movement and is positioned at 0.90.
A demand area between 0.49 and 0.45 (yellow rectangle) has also been identified.
bounces on the low trendline of the channel, POC level 0.56 and demand zone indicated are all exploitable for the so called buy the dip; instead, above the range delineated by the two POC and the parallel channel, it would be more appropriate to use trend following logic.
In case it goes up immediately, without touching the levels reported for the buy the dip, other levels will be exploitable, such as the central trendline of the channel or the upper trendline and POC 0.9.
In case the bullish movement should take place, the first profit targets should be positioned on the supports/resistances formed between 1.5 and 2.5. A small amount of the initial position should finally be held to take advantage of the possible price discovery.
Thanks for your attention and happy to support the TradingView community!
GBPUSD - LONGConsider the development of North Impulse from Demand Zone. The target is next POC level.
GBPUSD - LONG
ENTRY PRICE - 1.36730
SL - 1.36000
TP - 1.38300
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
BTC move up if POC breaks to recover Vector The above are just areas to be aware of and is not financial advice.
Currently we are being held down by two Points of Control (POCs).
If the POCs are broken we could see the recovery of the High volume candle above (vector).
Above that we have a Naked Daily Open and several Naked Initial Balances (IBs) which could act as resistance.
Also marked on the chart are Pre New York Trading, New York Open and Close, Sydney Open and Asia Open.
Trade safe
Frien_dd
PLTR at global supportPLTR currently bouncing off strong support at the global POC, anchored VWAPs from ATH/ATL and local 0.66. I would expect this to trade to the weekly level before hitting next level of resistance. If this is breached, can see a retest of the VAH but more likely will fall back into the range.
On the bearish side, if lose POC, then would expect big drop to monthly, VAL or even retest the May lows.
XAUUSD - SHORTThe price is below the Major Resistance Level. Sell on False Breakout. Target - Demand Zone.
XAUUSD - SHORT
ENTRY PRICE - 1794.00
SL - 1812.00
TP - 1755.00
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Double bottom confirmed?Double bottom spotted when the price make a huge spike and continuous uptrend.
Expect price to go further high if it fulfill following requirement
- Price breakout 87.950 resistance
- Fixed poc as support
- Breakout high to the short up trend channel
- Major downtrend breakout ✓