Swing trade atleast 20% returnPlease refer chart for detailed explanation on technical analysis .
Falling wedge is one the most accurate pattern. One can use buy on dips strategy.
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You can also check my Axis Bank trade for 20% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared.
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Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
Volumepriceanalysis
Important Levels of Bank Nifty The levels you can see in Red Horizontal Solid lines are Virgin POCs and dashed lines are those POCs which are tested multiple times. These levels are plotted according to the daily volume profile POC on NSE:BANKNIFTY1!
Try to observe how the price reacts as these levels in lower time frame.
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
GBPUSDPound Dollar, one more move is needed... news are not well, the big demand area (1.29-1.29600) need to be reached...
GBPJPYPrice is at the end of the distribution phase, the selling volume increase, and the warehouse is almost empty.
It took enough time that could fall the price to 160.500...
Bearish ETHUSDCOINBASE:ETHUSD
price move prediction based on volume profile and supply demand analysis
TWTR: Is it a good buy right now? Complete trend analysis!Hello traders and investors! Let’s see how TWTR is doing today, and do a complete trend analysis on it.
First, in the 1h chart, it seems we have a Descending Triangle, and it seems TWTR is losing the support at $ 46.87. This might indicate further drop, especially considering it is doing lower highs/lows, and it is below the 21 ema.
We have some bearish structures, but since TWTR is so close to this support, there’s still time to react, but it must react quickly in order to avoid a sharper pullback.
It is important to mention that in the daily chart the trend is clearly bullish. It has been a while since we are above the 21 ema and doing higher highs/lows. It just happens that it is too stretched right now, thanks to Elon Musk, and the volume is trading at record highs too.
In this case, remember: Pullbacks are opportunities to buy. Any correction to the 21 ema would be great, but we must wait for the confirmation in the 1h chart, by losing the $ 46.87.
To me, TWTR will fill both gaps (yellow squares), meaning, it has a target at $ 64.73, but it’ll be a though ride, with a lots of ups and downs.
In the weekly chart, we see that the situation is not that easy for TWTR. Even with all the volatility, TWTR just did a very technical movement, and it jumped to hit the 61.8% retracement (with an unbelievable precision), and now we see a Shooting Star candlestick pattern.
This is going to be a strong resistance for TWTR, therefore, we must see more bullish structures in the daily chart.
So far, everything is going according to the plan, but we must keep our eyes open. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my daily analyses!
$RCON entry PT 1.05 Next Target PTs 1.40-1.60 and higherRecon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions. It also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as enhancing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing techniques; and electronic broken-down services to resolve block-up and freezing problems. In addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it provides Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. Additionally, the company offers oilfield waste water treatment solutions and related chemicals; and oily sludge disposal solutions. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.
$DDL Next Target PT 20 and higherDingdong (Cayman) Limited operates an e-commerce company in China. It offers vegetables, fresh produce, meat and eggs, fruits, and seafood products, as well as ready-to-eat, ready-to-cook, and ready-to-heat products; and dairy and bakery products, oil and seasonings, prepared meals, rice, noodles and other wheaten products, pre-packaged foods, drinks and liquor, flowers and green plants, and home care and personal care products. The company operates as a self-operated online retail business primarily through Dingdong Fresh. Dingdong (Cayman) Limited was founded in 2017 and is headquartered in Shanghai, China.
XAUUSDGold is in the accumulation area...
It's clear the the down move is lacking volume unless if it's at the bottom of the area which indicates the aggressive buying activities, we expect to see price reaching 1955....
BTCUSD Symmetric TriangleLooks to me like BTCUSD is in a symmetric triangle pattern, which tends to follow the current trend (which has been down) before continuing onward. There is a possibility of reversal, but symmetric triangles typically continue the current trend. If this were an ascending right triangle, I'd see it as more bullish. If it were a descending right triangle, more bearish.
I'm going to wait and see if it can hold above the triangle for a couple days, and then maybe open some positions on it, or wait for it to reject the trend and fib resistance points and continue down.
My opinion is that it is likely to continue downward, and this is a Wyckoff redistribution phase. There's a chance it is a consolidation for an upcoming reversal, but I'm personally bearish.
Expecting SBUX to head towards ~$85Long term technicals don't look too good right now, there is a gap that still needs to be filled and that is what I am expecting is going to happen.
Currently at the Monthly SR level and volume area, but seems to be rejecting it. My logic is that is will go to the next volume area, possibly bounce off the weekly SR level.
The Bears Have Taken ControlThe bears have finally pulled price below the main POC at 4350 (this is still in play). We saw a large move followed by a doji and another large move on the daily, will today be a doji? As I write this we are approaching a bearish reversal level on the daily Informant Pivots. These levels were bounced off of all of yesterday's trading session so I suggest you pay attention when the Informant Pivots speak. Below are some key levels, that, with price action will prove to be important points for price.
Key Levels
4323.67- bearish reversal
4349.59 - a bullish continuation
4271.83 - a bullish reversal
4245.91 - berish continuation
4350ish - overall POC for bears/bulls
1.679M in 15-minute Informant OBV - if we blow passed this upward we are in for a bullish day and vice verse
1.62 - if we cross this we are in complete bear territory
Another Explosive Move Is Possible TomorrowThis is a tight inside value day on the Informant Pivots, just 19.98 in difference from the high/low-value pivots. The last explosive move came form a 36.85 point difference and that was yesterday (9/28) for a 86 point move. I expect a large move leaning to the upside tomorrow. I believe yesterday (9//28) was indicative of bullish reversal based on volume and the simple fact that price closed above what I coined the bearish/bullish Mason-Dixon line. We are in an HnS Pattern on the daily and on the intraday right shoulder (there is a HnS pattern) so I truly believe this is a bear trap. CRP for floor pivots (central pivot range) is extremely tight as well but, it has a slightly lower value bias than the Informant Pivots.
The case of the bulls is the capitulation volume on 9/28 (daily) along with intraday (before close yesterday) coupled with bullish convergence. Price has also, as of writing this, crossed through the 4359.26 bearish reversal level
Levels to to look out for tomorrow
4350ish - Bear/Bull Mason-Dixon line
4359.26 - Bearish reversal (of course, as with all of these we need price action in our favor)
4340.24 - Bullish reversal
4368.73 - Bullish continuation until 4384.49
4330.77 Bearish continuation until 4315.21
Bulls take control of the week at 4378.75
Bulls take back official control of daily market at 4472
To confirm bullish look for Informant OBV to run through 1.90M at open
To confirm bearish look for volume on Informant OBV to reject the 1.90M level at open
Cineworld looks a tempting shortLSE:CINE
Price over the last 2 days looks like it is presenting a selling climax, volume has been much higher than the last couple of weeks.
The shorter price body from todays trading, with an upper rejection wick and with almost the same amount of volume as yesterday looks like it has clearly identified some strong selling at this level.
Looks weak ahead.
Tutorial | Lesson 3: What Are Low Volume "Air Pockets"?Welcome to an impromptu Part 3 in the Video Idea Series on using Volume Profile Scripts on TradingView. Thanks to a question/comment from @sandyrindal, today's episode features a sneak peak at the Standing Camel pattern and what to do with the Low Volume Node (aka Air Pocket) between the 2 humps of higher volume.
trigynpos. add TRIGYN add near 101/81
we seen 133/156/188+
view invalid below 60wcb
Note : all views are education purpose only.
BTCUSDBitcoin is the cause of market misery
In such situations, we should not rush and it is better to wait for the market convulsions to sleep and then enter the position. Because we may see an unexpected reaction that is not predictable
QQQ: Long SetupThe daily chart shows that price is at the 21 EMA
which is likely to act as support.
And on the hourly chart, price is coming to test
a support level around 335. Today, just printed
two low volume sell bars near that the 335 support
level.
A good entry price would be between 335-336. I would
place my stop at 332.60 and my profit target at 342. I think
it could go past 342 but it would depend on how the next 10-15
bars look. 342 still gives you a decent risk reward ratio.
(Note: This is not a trade I'm personally taking right now
because I have other trades going on but this is a logical
and compelling long to take.)
Chainlink: Weekly Analysis May 2nd, 2021Check out my weekly analysis for Chainlink.
Note: I currently do not own any Chainlink
Bitcoin: Weekly Analysis May 2nd, 2021Check out my weekly analysis for Bitcoin
Note: I currently do not own any Bitcoin at the moment.
