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Volumepriceanalysis

THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned: I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5. And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction. This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal. It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic. Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully. Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend. If you have any questions, feel free to ask in comments or PM me.
OANDA:UK100GBPEducation
by OceanBlue
CAD/CHF *18 NOv 2017* Short SetupCADCHF -0.75% bears has been pending for quite some time now and last week, we had a nice sell down from legendary supply zone . However, friday's close did not break my support zone. Perhaps CAD is stubborn because of the potential more bull in Oil 2.57% due to the dramas in Middle East? Since xxx/CHF pairs are bearish at the moment, last week's price action and I am expecting CADCHF -0.75% to slide further. I will be patient and shorting at the highs. Disclaimer: This is just my personal opinions and execute your trades at your own Diligence.
Short
by chris_aung
Herancia Resources 25-Oct-2017 Breakout (Daily)Herancia Resources made a jump and broke out of the day range today with increased volume due to the announcements and half year results posted by Herancia Resources on the 24-Oct-2017. " Commenting on the financing Herencia Chairman, Mr Peter Reeve said, “ Herencia is very pleased for the ongoing support of its key shareholders and their commitment to the Herencia story through all the companies recent restructuring. This commitment is testament to the strength of the core resources story within Herencia which centres around the very strong potential of its lightly explored copper tenements”. " Sources: www.herenciaresources.com www.herenciaresources.com Volume spike: " On 27-Apr-2017 secured funding by way of a placement of US$1,230,517 from the issue of 2,121,137,042 new ordinary shares at 0.045 pence. " Source: www.herenciaresources.com My main concern is that Herancia has been in a major downward pressure since 2011 ! The words ‘ potential’ and ‘recent restructuring’ in the announcement is also a slight concern, as I will also assume that it will take some time for this restructuring to complete and there are always uncertainties with ‘potentials’. But that’s the risk that one takes. There have been various volume spikes since Apr-2016 at these bottom prices however with downward pinbar price actions indicating the downward pressure. So, could these shares be a bargain? Perhaps ... but from a trendfollower perspective a big fat NO however she might turning around from the dip. … Let’s keep an eye on HER shall we? Sorry for the pun but it just had to be done! :) Box 1: 0.09 - 0.16 Box 2: 0.05 – 0.09 Box 3: 0.01 – 0.05 ATR: 0.035
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by evert.tracks