Volumeanalysis
INMD - potential Cup & HandleINMD seem to be a great study on chart patterns and fibonacci retracements! :)
The stock first broke out from an Adam & Eve neckline @ 27.20 on 13 July, propelled 42% from here to a high of $38.76 (which was a 50% retracement up of the intermediate downswing AB).
It then lost momentum and started a steep pull back, finding support only around 61.8% fib retracement of the recent upswing AB. This steep retracement and subsequent action is beginning to shape into a potential Cup & Handle pattern (a pattern which is a lengthy "pause/consolidation" in a prior uptrend).
With earnings round the corner (expected on 3 Nov), will it be the catalyst that propel the stock to successfully break up from this C&H formation? If and when it does, we will have a golden cross (20day MA crossing above 50day MA) as well.
Nothing is guaranteed so we can only wait and see! LOL. Earnings can swing both ways although the strong volume accumulation on 13 Oct seem to suggest expectations are to the upside.
If and when the stock breaks up, then it further consolidates the stock's recovery is well underway (even if it might still be volatile). Long @ breakup or at first initial pullback towards C&H neckline Initial stop loss with be at most recent pivot low (C&H's "handle's" low)
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!
Big Move incoming on USDJPY Huge volume spike on levels not seen for since May 2022
Could this pair be loosing steam and a potential move to the downside lurking??
Price in an ascending channel
RSI exaggerated divergence
snapshot
The recent price action was very similar to the BOJ intervention 22/09/2022,
Using factual theory's we could see price bounce from this area but unable to capture new highs creating a Quasimodo pattern - if true then the entry will be on the break of 146s.
The downward factual pattern was taken from 14/07/2022-02/08/2022
SAM - Time to bottoms up?After having fallen a whopping nearly 79% from it's peak in April 2021, SAM appears to be finally turning the corner, after forming a rounded base in the past 7-8 months.
It hit rock bottom on 16 June, right where it was a former low during Covid crisis (March 2020). A month later, there was a strong spike in volume due to earnings beat (by 1.11%, not too fantastic, but still a beat nevertheless). The stock then pretty much went nowhere until last Friday, after it reported a much stronger earnings beat this time.
What is significant this time is that it managed to gap up and close above the base formation neckline @ 396, a 19.7% rise within a day. Weekly RSI is strong and rising.
However there is a near term resistance at 407 and we could see some consolidation around there. Buy the dips is probably a good idea.
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!
CAD/CHF continue with the Uptrend ☝️On CAD/CHF is nice to see strong buying reaction from the price 0.72590 and 0.72400 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Volume cluster + Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
TCI - Ascending parallel channel pattern - 10% ROIAll 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 breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
NZD/CHF Weekly Volume areas On NZD/CHF is nice to see strong sell-off from the price 0.59 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong S/R zone from the past + Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
GBP/USD and new strong S/R zoneOn GBP/USD is nice to see strong buying reaction from the price 1.10890 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Weekly POC + Volume cluster + Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
Bitcoin - WATCH OUT ❗ BULL TRAP 📈Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
From a chart analysis, I have been watching this major triangular consolidation for a while and optimistically hoped we would see a clean breakout above the white resistance zone. In other words, see a few daily candles CLOSE ABOVE this zone. What we see instead, is lower highs and wicky range trading.
From a technical indicator perspective we can see high volume with little price action. This means, that currently there is an equal amount of buyers and sellers. Nearly the same amount of people are bullish and bearish on Bitcoin, which causes the price to trade in a range. The nest thing to remember, is that range trading attracts algo's / algorithmic trading bots. Algo's specialize in shaking people out of their positions, aka stop hunt. This means that the price might increase to just above the resistance zone where most short sellers will have their stoploss, and then the price falls again to just underneath the support zone where most long buyers have their stop loss set.
So what can we take from all of this? SPOT . If you have to trade now, spot trading is definitely your safest bet during this time of the market phase, which is the accumulation phase according to the Wyckoff Method cycle.
Algo bots are notorious for their activity during the accumulation phase, so don't take low-reward high-risk trades!
Want to know which ALT I am bullish on ? Check out this idea:
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GBPJPY ImpulsesI have been tracking the impulses of GBPJPY.
In the past 10 days, the average impulse in around 367pips. of course, that is b/c a couple really big plays without it the average comes to around 260-300. I've noticed that GBPJPY impulses at the end of a consolidation periods. Capturing such a move would be a nice add to the trading account. I can see why GBPJPY can help you build up account, as well as Blow your account quickly, if you do not have your S/Ls set. GBPJPY has a tendency to sweep the S/L's and reclaim its position, very quickly.
Also, Using RSI on this chart hasn't worked recently. seems to go the opposite way.
I will continue to track impulses while watching if volume reveals anything to help encourage the impulses.
Hope you enjoy!
cellectis alcls : begenning of a new cycle
technicaly , it looks like the last phase of correction has ended, i.e the wave C( impulse with 5 waves)
fundamentaly , cellectis is growing big, has very good product, it's an awesome company
notice :
i'm not a financial adviser
i don't have anything to sell ( signal - education- etc..)
I only post my ideas to force myself to be good and learn from anybody who want to engage in a constructive discussion
please if you see anything wrong in my analysis, let me know
thank you
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF is nice to see strong buying reaction from the price 0.95700 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
GBP/USD Volume areas On GBP/USD is nice to see strong sell-off from the price 1.11940 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
Bitcoin continue with the DowntrendOn Bitcoin is nice to see strong sell-off from the price 19970 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale