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Volumepriceanalysis

Situation becomes subtle for SPX, multiple possible scenarios0. Review Called for 2035 ES retrace yesterday night, and it did print, but later than I expected. My short order got filled @ 2042 and Exited @ 2035. Tried to long at 2031.75, but stopped with a few points gain. I expected it print midnight, then continue the rally. But it didn't. Yesterday's status quo gives a sign for a rest of rally, especially before Easter. 1. Volume Price Analysis Today's volume is slightly below average and continued shrinking. It's the sign of topping. www.tradingview.com We had heavy volume around 2042 to 2045 cash on the 5min chart, which is a retest of yesterday's weak volume area. 2. A 2-day forecast We don't know it's a rest today before another rally or a temporary top is here. I will not place any unattended overnight order from today since it's more subtle now. charts.mql5.com Dermark sell setup invalidated on the daily chart. We may not have a clear sell signal here, it could be a rest before next rally, or moderate retrace start today. I will be careful either long or short, but I'm less bullish now. Tomorrow we probably retest 2040 ES high and again have a sideway touches lower, and may as well close at a lower price than today. That's today's call. Happy trading to all and be cautious! - Hank
FX:SPX500Short
by hankchef
TESTING HIGHER TO TEMPORARY TOP Chart is SPX cash. Prices mentioned here are ES Jun if not specified. 0. Review Called for a retrace overnight and resume climbing up to top. It did retrace to 2029 ES, and rallied to 2047 ES. 1. Volume-Price Analysis 1.1 Big picture Expect temporary top @ 2065 cash or 2052.5 to 2056 ES - the .786 Fib level. The ES Jun chart cannot reflect fair value, instead, on a combine chart of Mar and Jun ES, the .764 target is 2058.11 ES Mar, which is 2047 ES Jun roughly(today's resistance level if you noticed, but not the major one). But we take .786 as the major resistance level since it makes more sense than .764.(search for why). 1.2 A 2-day Forecast 3-17 to 3-21 are anomalies, if rate decision day is included, we have a 4-candle anomaly situation on the daily chart. 3-22 we reach a status quo, while the volume continues dropping, which validates our top prediction. On the 5min 30min and 1hour ES chart today, we have volume anomaly around 2043.75 to 2046.5, and 2035 to 2041. which need further retesting. Besides, Demark Sequential indicator needs daily bar 9 of 3-23 for a sell setup perfection. For tomorrow if it trades above 2041.7 cash, sell setup perfection will be completed. And also a sell count down is forming daily on bar 9 (need bar 10 to bar 13 to print, which is until early next Monday, it won't be surprising if we do not have a major retrace before early next week.) So my call today is trade down to around 2035 overnight, then goes up to retest 2047 to 2052.5 level again. Happy trading to all and trade with caution! - Hank
FX:SPX500
by hankchef
1
Another free trade.You must short this one.I know CHFJPY is not a common pair but I can not leave it when I get a signals. Right now the market is on the resistance. On one hour time frame, the market formed a doji. It is having difficult in crossing that level. There is a high possibility the market will reverse and continue with downtrend. I will hold a little and watch how the volumes will appear and then I will decide if I will short this trade. May the market favor us.
Short
by UnknownUnicorn39772
USDCAD - Weekly Forecast!Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth of USDCAD. But if the price decline to the Last Friday's support 1.43628, you can (with the little money) carefully buy with the hedging target 1.45014. We thank you for the positive feedback of our market analysis! Best refards, Powerful Traders.
Long
by POWERFUL_TRADERS
3
S&P500 - MONTHLY FORECASTHello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume, Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us! Sincerely yours, Powerful Traders.
SP:SPXLong
by POWERFUL_TRADERS
8
6S (USDCHF mirror) - JANUARY INTRADAY FORECAST!Hello Traders! Happy New Year! We would like to present, intraday forecast - 6S (USDCHF mirror) on january 2016y, as an additional EWA, confirming 6E (eurusd) intraday forecast, within the correlation method of analysis. Besides, take a look at forming model of B.Wolfe's waves. Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume , Fibonacci. Suppose that this week (close to wednesday), the price gradually rises to strong resistance 1.00180, next we will see the creation process of cumulative delta and then expected bearish impulse! All the important prices you can see on a chart. (please pay your attention to the double variations of EWA/EWP) We wish you all the best in New Year! Sincerely your's Powerful Traders!
Short
by POWERFUL_TRADERS