Volumepriceanalysis
BTCUSD: Bearish MomentumBTC is showing a bearish pattern. But indicators suggest a strong reversal. Price can fall to ~1850 before any possible correction
$NQ_F same prices as market open on Monday am, 48 hours Later Nasdaq gapped up to these prices Monday at Open so in 48 hours we have gone nowhere. Much Ado about Nothing so far after failing to make new all time highs in the NQ and Russell and Dow, only the ES has gapped and made new all time highs this week. We see a chance to test the zone lower if we can't close over new highs by week end!
GBPUSD SHORT PROJECT (H4/Daily)GBPUSD faced strong resistance at 1.307x/8x area which may become point IV of a grand bullish formation if this level holds well.
There is a number of factors which support this possibility:
RSI is showing bearish divergence at H4/H1/m30 timeframes.
The volume showed support for possible reversal of the recent bullish trend.
Currently, the price is floating in nearly the same area as when the previous day session started. Neither side is being supported by significant volume change.
If this accumulation phase is followed by bearish candles backed by spikes of medium/high volume, it will be the strong confirmation for further move to the South.
Taking all this into consideration (especially short SL vs good potential TP), even though though no bearish WW is currently active, 6 positions were opened.
Massive Down Trend !!In this Chart we are seeing a very weak Trend *weak = down movement* it all started from there 3 little up bars
look at their volumes, very low, and every up bar with low volume it means lack of demand.
no look at No Demand 2 it tried to test the Demand, the result was no demand! it's very good signal of the down trend.
so we have 3 targets, and each target the prise will take a break to test the demand, if we found high volume on the up bars it could be an alert to exit the short trade,
however, the Resistance 2 it's diffecult to predict if the price will reach this level, because we have the channel down line, and another resistance line, maybe the candle or the bar will have a very long tail then maybe it will close away from the buttom then it will be a signal to continue rising!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
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OMEX Long Opportunity Diamond/Cloud Breakout/Vol MovAvgExp CrossI have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas.
Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on the daily. Diamond pattern. Bull Flag. Bam! Highly manipulated at this level but the TA says what the TA says. It is also trading above long term price on volume. Check it out!
Volume could definitely move this.
NZDUSD long idea (m30/H1)The long blue wave was formed at m30/H1 time frame and once successful, it will become the natural part of the major yellow structure.
As the bulls have been keeping pushing this pair up without significant resistance since 11 May 2017, the minor pattern has good chances to succeed even though currently it is not being supported by RSI divergence/volume/data.
I expect the major resistance to start only at the previous maximum area (point III*).
Opened 3 buy positions at 0.7428, SL 0.7389, TP 0.7470/0.74984