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Volumeanalysis

Rounded structure on BTC PA bearishWe have a little upward rounded structure on the BTC price action, accompanied by a downward rounded structure on Volume. Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators. The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand. For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA. **as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
by mapav
Inverse head and shoulder breakout in Aegis LogisticsWait for the price action to form a bullish setup on the daily chart. This is a weekly chart trade and hence should be held for minimum of 3 months. A clear volume breakout and Inverse Head and Shoulders breakout with a big green candle. The stock has the potential to reach its all-time high from here which is a 50% gain from CMP. Please note that this is not a recommendation and do your analysis before investing your money.
ALong
by NandanChaturvediTrade
Upst is going up?Curious about your opinion. What is you're analysis? What I see: - support on the volume shelf (daily chart) - Volume is rising (daily chart) - support on the moving averages (daily chart) - higher high (daily chart) - moving averages are rolling over - broke the 4 sma on the weekly - support at the all time low on the montly - higher highs, higher lows on the 4 h chart - rising trendline on the 4 h chart - trading at the bottom of the channel that started 26-july, could serve as support - soared 42% over 15 days so it could be an overbought situation What is your opinion? This is no financial advice. NASDAQ:UPST
NASDAQ:UPSTLong
by StijndeVries
3
Trouble Ahead For DeereTechnicals: This is not at all a perfect short setup solely off of the technicals. With that in mind, some clear signs of weakness can be seen in DE's weekly chart. One such sign was the new lower low formed at around 285 in July, which broke DE from its previous trading range of around 310-400 a share. Deere's recent bull rally since July's new low I find to be relatively weak due to lower volume. MACD (momentum) on the weekly has sustained a bullish cross. Monthly MACD is still positive yet a bearish cross has occurred. While the MACD on the daily timeframe is signaling a relatively strong uptick in momentum on the shorter timeframe. Despite the bullish momentum on the daily, the longer-term momentum indicators are signaling that there will be a sustained period of underperformance ahead for DE. Fundamentals: Earnings for DE are on the 18th. P/B ratio of roughly 6. P/S of around 2.5. Debt to assets of 2.6. These all appear to me a bit weak. That being said, Deere's profit margins have expanded quite nicely over the last couple of years. I am not very excited about their margin growth, as I see global inflationary pressures providing headwinds for Deere's intermediate-term profitability. Overall, DE is an overvalued stock with little potential for further upside gains in my opinion (especially with the global macro picture steadily deteriorating). Prediction: I do believe the short-term momentum will carry DE up to the 378.32 resistance, likely before earnings are announced on the 18th. Earnings will be a major risk event for DE traders. Should earnings come in higher than expected DE could easily rally above 378.32 and into 398.36 territory, possibly even higher (just look at WMT and HD's price action after their beats earlier today). If Deere comes out with disappointing earnings and/or worrisome guidance we should see a sharp sell-off, ultimately causing a move that allows for a retest of support zones in the 316.71 to 277.09. Earnings risk is something I generally avoid when trading, but the risk to reward for adding a DE short position at the moment almost looks too attractive to pass up. With earnings coming in so soon, it is hard to give a decisive prediction. That said, I will fall back on my underlying thesis, that Deere is overvalued and is facing technical and economic headwinds. I expect to see serious volatility in DE trading over the coming weeks, which eventually will lead DE back down to the 285 low, possibly even grinding into new lows testing support of 236.59. As always this is not financial advice. Good luck!
NYSE:DEShort
by Gooby_Trades
5
CVNA - up trend underwayCVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume. It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42 Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:CVNALong
by Juliac
DISNEY (DIS) UpdatesExcellent quarterly reports for The Walt Disney Company. The strong recovery in tourism in its theme parks has driven the company’s profits with a resounding + 600%. Streaming revenues increased by 11% but profits fell by 32% . This figure certainly makes us reflect and could be a harbinger of incoming increases for the Disney plus service which for now, has wanted to make room in a world with important competitors (Netflix and Amazon first videos above all), providing its service to aggressive pricing. Remember that the Media & Entertainment Distribution sector also includes two other proprietary platforms, namely Hulu and ESPN +. Overall operating profit increased by 50% and is the reason for the upward gap of 11 August. On a graphical level, after hitting $ 90 per share, the price reacted, driven by the important pull-back of the S&P 500 which is still ongoing; already last week, speaking of Amazon, I said that I would expect a retracement, which will surely happen. At that moment I will add size on Disney, as I am now in a slight drawdown having an average price of around $ 150. After all, in the last two years, the price has traded more in the $ 170 area. It is reasonable to expect a price in that area in the next 6 months, as long as the economic situation stabilizes and inflation falls back to around 3 percentage points, which is still a long way off at the moment. Disney certainly shows solidity, thanks to its core business, which has strongly recovered. There is definitely room for improvement in the streaming field, we hope they find the right way. Happy trading Lazy Bull DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NYSE:DIS
by LazyBull5
RUN - Adam & EveThis A&E pattern has a fair chance of working out due to the huge volume gap up on 28 July, followed by a bear flag (cup & handle within the "Eve" pattern). Attempts to break above the neckline failed last Friday however, but in the bigger picture, the stock is now above it's 200 day moving average. Any pullback from here should see support around 29 (recent bear flag low). Or long when there is a confirmed breakup followed by the first pullback that does not breach the neckline support. With S&P hitting potential resistance now, there is some worry that a pull back in the bigger market is imminment. Manage trades with appropriate stop losses and right position sizing. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:RUN
by Juliac
SPY in a downtrend? Where's Top? THE ANSWERS!Chart: SPY 2 week TF. The answers are both in the chart and below. SPOILER: If SPY rallies to $800, the downtrend is still valid. Interesting: A downtrend is defined as LOWER lows (LL) and LOWER highs (LH). Uptrend? as HL's and HH's. ** A single HIGHER high (HH) invalidates a downtrend trend in that TF. Trend is relative to TF and can be valid in one TF but invalid in another. A HH is established when the previous HH is superseded by a new candle's _____________ (fill in the blank). Answer: It's the new candles **close** that takes out a previous high, **not** its own high. Once that condition has been met the new High is promoted to the status of HH. Important: SPY's 1 week down trend was invalidated when the HH of $393.16 established on the 28th of June, 2022 was taken out by the close of $395.09 on Friday, July 18th, 2022. Chart: 2 week downtrend is still valid and the current 2W candle closes in 5 days. (8/12/22) The trend remains valid if that close is below the previous HH of $417.44 established on June 2nd 2022. Very important: *** The high of (this) week is not relevant to the 2W downtrend. Only the candle Close on Friday (8/12/22). Implication (not opinion): If SPY rallies to $420, the downtrend is still valid. If SPY rallies to $500, the downtrend is still valid. If SPY rallies to $600, the downtrend is still valid. If SPY rallies to $800, the downtrend is still valid. ... *as long as* price falls back to $417.44 by EOW. The point: ... idk. Ask me in 2 weeks. Where is "top"?: It's the price where the last bear goes long (aka covers). In other words when there is not a single buyer left. ** Starting with Homma Munehisa, (1755) The Fountain of Gold—The Three Monkey Record of Money. to the more contemporary: Al Brooks, (2009) "Trading Price Action Trends" .. and everyone in between.
AMEX:SPY
by gb50k
1
OPEN - Falling wedge (potential breakup)OPEN has been in a falling wedge for almost 6 months now and is approaching closer to the apex of the wedge. A falling wedge breakup may not necessarily work out well (ie it could continue to drift sideways once the wedge converge and it was "forced" out of the wedge eventually. However a clue that this wedge breakup could work is the higher volume that we see in the past 1.5 weeks as the stock trades in small and tight range (accumulation). So let's see! p/s a break up but subsequent fall back into the wedge below the recent low @ 4.28 confirms a failure of this breakup. (though I feel this odd is lower now). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:OPEN
by Juliac
3
Easy Orderblock Setup On AUD/USD - Wait For The Pull BackToday is NFP Friday. This means that prices can become extremely volatile today. Trade at your own risk today. Be careful of extreme volatility when the markets open. I am looking at AUD/USD on the 1-hour time frame. We have had a few Order blocks in the past few hours that have all hit nicely. However, I am focusing on the current most recent high as a point of entry. I have highlighted the order block zone in yellow. I did this by putting a zone around the most recent bullish candle before the impulsive move downwards. I am waiting for the price to retrace back into this yellow zone before opening up a possible short position targeting the 0.695 price level. There is a lot of interest at this level as we can see it has been treated as support and resistance. I'm looking for a simple one-to-two risk to reward with this position. Keep the setups simple and wait for opportunities to show themselves to you. We have had a large drop in the 4-hour time frame which shows that we have potentially switched trends around for the time being. This is why I am looking for short opportunities. This order block co-insides nicely with the above descending trend line connecting the three tops moving downwards. I would like to see some strong bearish volume show up soon to help add confluence to this move downwards. As we are waiting for a retrace back into the yellow order block zone, I do not want to see strong bullish volume. I'd rather it be weak bullish volume to help confirm that we are still moving downwards. As today is NFP, anything can happen. Markets react differently to NFP so I would rather stay out of the markets today as there is always another opportunity. However, I wanted to show you guys what I would be looking for. I love trading order blocks. They are my primary strategy in the 4-hour time frame. I use them in conjunction with MA lines, the MACD, and volume. I always aim for a minimum of one to two risk to reward. For those of you that aren’t used to trading them but would like to learn more about them, I suggest going through your charts and learning to spot them. Look for places on the chart where you can see a large impulsive move breaking previous support and resistance and then look for the most recent bullish or bearish candle before the impulsive move in the opposite direction. This would be your order block. Highlight that candle from top to bottom and drag out the zone and see if the price respected this zone by retracing back into it before continuing its move. On that note, I wish you all a happy weekend. I will be seeing you next week. The Vortex Trader.
Short
by TheVortexTrader