KIRLOSBROS - Cup & Handle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Analysis provided on chart is only for educational purposes and not a trading recommendation.
Valuearea
THE PLAN IS THE PLAN Like i said before and i will say again im bullish on tesla and after the event im MEGA bullish on tesla
As i managed to anticipate the scam dump since yesterday on premarket dont think the market is bearish dont be triggered to think it is, DONT BOTTOM SHORT.
We are at the 100 daily EMA and that is MEGA FAIR VALUE for WALLSTREET.
This whole dump is to grab retail traders money. BUY NOW while you can. CUP AND HANDLE TARGET IS 400!
We are right now on october lowest point and below the value area high and actually at the 3 months POC.
i've been covering tesla since around august dont say you didnt know!
TSLA MOONING
Very Important Update!Price action is currently trapped between two key value areas. Until we reclaim the VAL above, i'm expecting lower prices to come, and the point of control below (yellow line) is the next target. CRYPTOCAP:BTC #BTC
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Perfect Pullback!The areas I am interested in for a long trade would be around $0.90 cents to retest the weekly or flipping $1 into support.
Targets for both would be the Value Area High of the upper range.
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BONK IS AT SUPPORTBONK is trading at the major support level. If we can keep trading above this level, there's a big chance we can have a nice move to the upside.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
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Tap Double Top or buying opportunity?NYSE:TAP has had a rough time as of late as noted on the weekly chart.
I am torn between the was it a double top or are we entering a buying opportunity here?
If it loses the 53 level it can continue to slide especially if earnings disappoint, on the other hand it could rise if earnings surprise at this low level. The lowest analyst had a target of 53 I am debating entering but concerned on this weekly chart.
NEO - RELOADEDSince August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support.
NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times resulting in long wicks. Each time, the resistance won and short-term support was found with the strongest at ~$11.19.
Provided BTC continues consolidating or growing, we can see NEO push even further, targeting the $20 area (67% gain). If this doesn't happen, we could see NEO continue consolidating in the value area between $11 - $14 or finding longer-term support around $9 before proceeding to try again.
If it consolidates, NEO could move to the top of the value area in the short-term for a modest 16% gain.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only.
Please feel free to leave your comments and thoughts below!
(GBP/AUD) Reaches Fair Value Gooday
GBP/AUD Reaches Fair Value.
The ExodusTradingDesk has spotted fair price that we believe will produce a potential sell opportunity for the pair.
We will sell the pair should we have a 30min candle close below the identified price zone at 1.90265 with our target set to 1.89557.
Use adequate risk management if you are to execute a trade with this analyses.
Enjoy and happy trading! #We are the #ExodusTradingDesk.
Bitcoin Fighting Point Of ControlWhen analyzing Bitcoin, we can see that we had a nice move up from the lows. After this move up, we can see on the chart that it's struggling to get past the Point Of Control. Usually when the price gets rejected from the point of control, it tends to find the Value Area Low of the range before continuing its move up of finding new lows. Since bitcoin did break out of its descending triangle, I would expect to see the price continue to move higher and test the Value Area High (Blueline above POC) before a possible retracement to either retest the Value Area Low or dynamic resistance that we just broke out of.
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Potential BTC Short Between around 30.3k and 30.8k are some fresh resistance levels that are yet to be hit.
If price comes into this box with the criteria frp, listed I will take a short risking 1%-2% of my entire account.
*1hr money flow (Red/green oscillator
waves) coming down and crossing the 0 line
*1hr momentum creating a divergence (Blue
oscillator waves)
*1hr vwap (Yellow line on oscillator) curving down
to ward the 0 line.
*12min and down momentum divergence
*12min and down moneyflow coming down
Tp 1 - Value area high at 28870
Tp 2 - point of control at 28000
Tp 3 - Value area low at 26900
Leave the rest to ride
Showcase of the Power of Market Profile AnalysisMarket Profile analysis is a powerful tool for traders and investors alike to analyze price movements in financial markets. The method is based on the concept that price moves in a predictable way, forming patterns that can be observed and analyzed.
The Market Profile chart is a visual representation (not shown here) of market activity, displaying the distribution of price over time. The chart is divided into horizontal sections, each representing a price level. The length of the bar indicates the duration of time during which trades occurred at that price level.
The Market Profile chart can be used to identify areas of price support and resistance, as well as areas of high and low volume. The three key components of the Market Profile chart are the Point of Control (POC), the Value Area, and the Single Prints.
The Point of Control (POC) is the price level at which the highest volume of trades occurred during the period under analysis. It represents the most actively traded price level during that time frame, and is often seen as a key support or resistance level.
The Value Area is the range of price levels that contain a specified percentage of the total trading volume during the period under analysis. The Value Area can be used to identify areas of price support and resistance, as well as potential trading opportunities.
Single Prints are price levels where trading activity occurred but did not overlap with any other price levels during the period under analysis. These are areas where price discovery occurred, and can be used to identify areas of potential price support or resistance.
By analyzing the Market Profile chart, traders can gain a deeper understanding of market dynamics and make more informed trading decisions. The chart can be used to identify areas of price support and resistance, as well as potential trading opportunities based on the volume and duration of trading activity at specific price levels.
Between end of Dec 2022 and end of Jan 2023, the price of the S&P 500 index (SPX) showed major reactions to the price levels drawn by using Market Profile analysis that was done in Oct 2022 . This is a prime example of the power of this trading method. By identifying key levels of support and resistance, traders were able to make more informed trading decisions and take advantage of market opportunities.
In conclusion, Market Profile analysis is a powerful tool for traders and investors who want to gain a deeper understanding of market dynamics and make more informed trading decisions. By analyzing the distribution of price and volume over time, traders can identify key levels of support and resistance, and take advantage of market opportunities. The example of the S&P 500 index (SPX) in October of last year showcases the power of this trading method, and demonstrates how it can be used to make profitable trades in a dynamic and ever-changing market.
ppd contraction, ml strat consolidative, musashi crossthese strategies are signaling the consolidative move isnt over, and revisiting mean and regression is likely
theres no way to prove at the moment we will go through a phase like this, but if the opportunity presents itself its a path that mathematically makes sense
AMZN: Moving into A Buy Zone?The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values.
With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues created by the stay-at-home orders and stimulus checks of the pandemic. This is the last quarterly report that will be skewed with the revenues and earnings from the pandemic anomaly.
This company MUST provide a dividend soon.
XPEV is forming a reversal pattern perhaps following TSLAXPEV is presently finishing out a falling wedge pattern.
As shown on the 30-minute chart, exponential moving averages
are falling and converging in the narrow area where VWAP
is trending. At lower time frames a "Golden Cross pattern"
A stop loss can be set under the double or triple bottom
with a target being the 1/2 of the way to swing high about 10% higher
based on a routine retracement. This seems to be a quality
swing long setup based on a breakout of a falling wedge
and a confluence of moving averaged and anchored VWAP
I took some call options with a strike of $ 8 and an expiration
on 12/16 while expecting over 100 % profit.
How to trade using Value Areas and POC?A few key concepts when using Market Profile in your trading:
1) Point of Control (POC) acts as price magnets, as they represent the price level where most time was spent during a trading day. Price tends to gravitate towards them.
2) Naked (Not visited) POC acts as stronger magnets than visited POCs.
3) When price enters / breaks into a Value Area, which represents a range of "fair value", price tends to visit the other end of the Value Area. For example above, the price breaks up from the Value Area Low before end of day yesterday, hit the Value Area High this morning.
You definitely won't find these key levels and ranges with traditional support and resistance lines drawing methods. Using Market Profile will give you the edge to become a better trader.
See my previous 2 posts:
SPX hitting huge excess area, which way will it go next?As you can see, the price is sitting in a large excess range, trying to push higher with the bullish momentum since the opening. Looks like it is feeling lots of selling pressure. But if we can break up and into the higher naked value area, there is great opportunity for a bull run to the value area high. Otherwise, we might go back to the value area from yesterday's price action. What's your take?? Will we go up or down?
Value area trading shortfind the big value area on the 4hr or daily chart.
find the small value areas within the big value area on the 1hr or 15min chart.
when price moves to the outer edges of the big value area
wait for a break of the small value area there.
look for a rejection of that area for the entry.
stop loss the small value control ling.
target the big value control line.
Shifting value areasA picture tells a thousand words.
Let's learn to read the picture.
Price is seeking value and creates a pattern.
Small value areas form within a bigger value area.
Trading opportunities arise at the outer edges of the bigger value areas
target at the control line.
The trend will change if the price starts making HH, HL, LL, LH.
It will then start to form a new bigger value area and control line.
The sooner we can see this new value area the sooner we can trade
along with the money that moves the market price.
Where are we going next for SPX?Looks like we just broke into a naked value area from last week. There is a single print area just on top of this area that has been acting as support/resistance level. If we can break that after breaking the upside of our current value area, we could be heading up. Otherwise, we are going back down.