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Volumeprofiler

💎 Analyzing the Various Shapes of Volume ProfilesVolume Profile is a tool that shows how much volume (i.e. the number of trades) is happening at different price levels for a given asset. It is used by traders to analyze order flow and make inferences about market direction, support and resistance, and potential reversal areas. The patterns in a Volume Profile may appear random at first glance, but there are certain recurring shapes that can be used to make predictions about the market. 🔵 P-Shaped Volume Profile A P-shaped Volume Profile is a chart pattern that typically occurs when a market experiences a sharp rise followed by consolidation. The lower part of the P-shaped profile represents low volume rejection, while the wider upper part shows an increase in trading activity at a "fair" price. These patterns are often seen during uptrends, but can also indicate the end of a downtrend and a potential short covering rally, which is seen as a bullish signal. 🔵 b-Shaped Volume Profile A b-shaped Volume Profile is a chart pattern that forms when a market experiences a sharp decline followed by consolidation. It is the opposite of a P-shaped profile and is often seen during downtrends. The upper part of a b-shaped profile represents low volume and an "unfair" perception of price, while the wider bottom part shows an increase in trading activity and a balance between buyers and sellers. If a b-shaped profile appears during an uptrend, it could potentially indicate a reversal. These patterns are generally seen as bearish signals, as they often represent longs exiting the market. 🔵 D-Shaped Volume Profile A D-shaped Volume Profile is a chart pattern that occurs when there is a temporary balance in a market. The Point of Control (POC), which is typically located in the center of the profile, indicates an equal number of buyers and sellers. Some traders view a D-shaped profile as a sign of a choppy or sideways market without a clear direction, while others see it as an opportunity to anticipate a potential breakout in either direction as institutional players build up their positions. 🔵 B-Shaped Volume Profile A B-shaped Volume Profile is a chart pattern that occurs when two D-shaped profiles appear within a specific time period. It is characterized by a single value area and Point of Control (POC), although some traders may divide the profile into two separate "D-areas" with their own value areas. B-shaped profiles are generally seen as a continuation of a trend, but it is important to note which POC is more dominant, as this can indicate whether activity was highest at the top or bottom of the profile. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
2
Volume Profile on USDJPYVolume profile is a huge tool at one's arsenal should someone know what to do with it. In this particular example of USDJPY, we can see un uptrend before running into correction. Therefore we draw a volume profile on the given trend to spot where the majority of the volume was traded by market participant. Here is the interesting part, should price drop to our level those same buyers might show up again and decide to participate once more. So why the price shows reaction to the level ?? The sellers who short up there need to exit at some point where would be the better point than where majority were buyers before? Therefore sellers don't risk getting into conflict with buyers and exit there. I therefore set a buy limit order at that particular level. Points to consider: 1. If there is an important news and price is close to your entry you might want to remove the order, chances are your SL gets hit. 2. Don't overtrade one level, meaning: don't trade multiple times on one level. I personally trade it 2 times only if certain factors are there. (for instance: how was the previous reaction ? did price reacted aggressively or not??) Today (23/11) we have multiple news for USD that's why you need to be careful trading it.
by AliHassanzadeh
1
$APE bottom in? APE CHAIN?The next NFT frontier for the apes, APE CHAIN . Could $APE launch itself to compete w/ $BNB? It all depends on how heavily invested/serious they are in building an actual metaverse to reality. Looking at the founders of the coin, how $APE is now a payment currency on open sea , and how most metaverse projects are having trouble launching, I’m afraid $APE is a buy the rumor, sell the news type of coin for now. Would recommend getting on ape now at ~$17 Long based on speculation that other people will ape their $ to fund a potential leading metaverse project. Whether or not it delivers is irrelevant to making a profit given the strong community in the NFT space. More on the technicals: $APE looks like it might bottom out here around $17 from a bull div on the 2HR and moving away from a state of mean reversion since the high of $27. The BBWP indicator has yet to confirm the end of the volatile move but I speculate it will give consolidation soon as more APEs pause redeeming land deeds as they get sold out or wait for gas fees to come down to more reasonable levels. Once we get a rally, expect resistance at ~$20 The key points of confluence for the bottom: Wave 3 PoC 0.5 fib retracement of Wave 3 1.272 fib extension of Wave C of ABC pattern on Wave 4 The token distribution looks fair, though I would remain cautious of any possible scam wicks given how normie-friendly this coin is. If we break the $16.6 low, there is a 50/50 chance of visiting the white trend line at ~$12. Trade : Long Entry: $17.5 TP: $20, $24, $34, Delivery of Metaverse Project SL: $15
Long
by linebands
2
ARVSMART -Arvind Smart Spaces -High Volume Node Area Transition1) Since 17 October 2021 to Till date, if we study on volume profiler, we find the stock near to transition area point. 2) 225 is the decisive area, once it is taken-out decisively, we can expect good transitioning movement. 3) In the 235 area, we may face supply and then may see a pullback to 225 area. 4) We can use the pitchfork, to track the movement and multiple pullback entry opportunities. Let's see when stock gives transition breakout entry!
NSE:ARVSMARTLong
by ProfitPattern1