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Speedindex

XLM - Stellar - Possible Short coming up - This is Why?Reading the chart (annotations in sync with chart): 1. Location: Fib over-shoot - possible sellers 2. Largest up volume - possible sellers in there 3. Mountain shape PVR - increasing volume as wave progress 4. Abnormal SIs at top (could be closing positions but it also could be sellers absorbing buy orders. Risky Entry but with better RR enter now. stop above tops, target blue AVWAP Conservative Entry with worse RR: wait for the break downwards of red AVWAP, target blue AVWAP. Enjoy, wave and speed index reading!
Short
by TradeTheVolumeWaves
1
LTC - Litecoin - After the Short the LongAfter the short Signal on the AVWAP line we found buyers at the bottom. 1. PVR mountain shape is the first indication that buyers are coming in. 2. Abnormal SI 5.6 is what I call 1st Push Up. Finally the entry Plutus signal PL. You should be careful now because we are crossing Fib 61.8, get you profits sellers might be in that high volume bar. The reaction later waves will be indication if we are going to continue or reverse. Enjoy Trading the Volume Wave and Speed Index!
Long
by TradeTheVolumeWaves
LTC- Litecoin Entered Short Reading the chart this is the story: 1. We had Significant Fib location where we found sellers visible at the top- the reaction after the up wave a large down wave. 2. Placed AVWAP at the beginning of the up-wave and waited for the price to cross downwards and the pull back so that AVWAP will act as resistance. 3. Pull Back to AVWAP came after some time 4. Price never breaks AVWAP upwards and it has hard time to move up - Abnormal SI of 4.9 5. Finally waited for a Plutus short signal and in this case it was a PRS. Stop above AVWAP center line target at least 1:1.5 Enjoy!
Short
by TradeTheVolumeWaves
AAVE - Lesson 15 said Long and the pull back another LongReading the chart using Lesson 15 and Exit from Range methodology (annotations in sync with the chart) 1. Fib Location (buyers might enter) 2. Largest down volume wave (potential buyers in there) - Placed AVWAP at the beginning of the down wave wait for price to cross upward and pullback 3. Entry Long with PRL signal - first target fib closed with profit 4. Fib was reached and pull back started 5. PRL long on AVWAP acting a resistance 6. This my last Entry using strategy Exit from Range with a Plutus signal. This is a risky Long since we are on Fib area, but I will take the risk. Enjoy!
Long
by TradeTheVolumeWaves
Wyckoff Up-Thrust - This is how to identify using Speed indexClassic Wyckoff Up-Thrust formation, this is how to read it using Speed Index (annotations in sync with the chart): 1. Fib Area - this is where sellers might come in 2. FU - Fast Up wave with SI 0.4F 3. Next up wave with an abnormal SI of 1.0S while the average speed at 0.5, which means price has a hard time to move up (more sellers on the up move). Following the up wave on the down move we have double Short signals WU-Wyckoff Up-Thrust and PRS-Plutus Reversal Short and this where we enter. I hope this was helpful. Enjoy!
Education
by TradeTheVolumeWaves
PEPE - Trade is on the way - Reading Speed IndexChart reading using price location, volumes and Speed Index: 1. We are on Fib (buyers could enter here) 2. Fast down wave on the way to Fib with SI at 16.7 while the average was 26.3 3. Next down wave it's a very slow wave and it look like an HTMD (hard to move down) with a very high Speed Index of 47.8 while the average was 26.8 (probable buyers absorbing sell orders). This is change in Behavior , but in order to confirm the reading it would nice be for the forming down wave to finish with a high Speed Index. 4. AVWAP blue lines act as resistance. Finally to enter long we need price to break resistance level marked with the black line, otherwise we might get stuck into a range and you never know what's going to happen next. Patience! Enjoy!
Long
by TradeTheVolumeWaves