📍 In trading, volume refers to the number of shares or contracts that are traded within a specific period of time. It is a key technical indicator used by traders and investors to analyze the strength and direction of price movements in the financial markets. The volume of a security can be used to confirm trends, indicate potential reversals, and identify areas...
Hey tradomaniacs, previous re-test could provide us a nice chance to follow the current trend. Still we have to expect volatility or fakemoves ahead the FEDs event, so take care and rather wait for extra confirmations such as fakeouts. What do you think?
NYSE:WFC Potential smart money involvement in buying at this key level 23. As back in 2011 reference a strong support level of instituitional buying. however the stock rally remain weak, signalling that there might still be more Supply > Demand. waiting for a retest on 23 level with lower volume to enter a buy trade setup.
-Considering the shrinking volume on the Signs of Weakness' in Phase B, I assume we are in the Distribution Schematic #1 -Also, look at the Distribution Schematic #1, it is nearly identical with our BTC situation Thanks for taking a look, please PM me if you are a fellow Wyckoffian so we can share ideas!
Please see annotated chart for details.
The pair is whirling around in the balance area and accumulating more strength on either side to break. Entry will be updated upon confirmation.
The price bounced from the resistance zone formed by SMA100 and the downtrend line. The previous swing high can be used as a signal level. If price breaks it, we'll get a trend reversal signal and confirmation of further upward movement. MACD lines and DMI are bullish and support buying. Pending orders can be placed at 0.000093 level with stop orders at 0.000072...
USDCHF has been sold based on m5 volume spread and price breakout. However the chart is m15 as TV does not allow lower TF. The potential targets have been marked with the arrow. If price breaks the range with high volume, there's always a high probability trade.
Hello, All! After reaching almost 11.5k, BTCUSD reversed back to its current lows thus forming slightly disproportional, but valid Wolfe wave pattern. Its validity is being confirmed by solid volume spikes at key points indicating strong demand zone. Fundamentally speaking, nothing is currently preventing BTC from keeping its previous pace and reaching new highs.
FX:EURUSD EURUSD strong move with a weak retracement
Strong move to the downside with a lot of volume so wait for a weak retracement and then sell it...
Follow the old chart I do not know why the old chart is not updated
This is a bearish bat pattern completing on EURAUD. Last week, price has touched the PRZ and price failed to close higher. This morning, price started to drift lower with increase in volume breaking previous low. I will personally be waiting for a retest of a resistance level before going short on this. Likely a high probability setup. EP: 1.5070 SL: 1.5120...
The bearish wave formation was completed by creation of double top at point 5 supported by RSI divergence at H1/H4. After the test of 2-4 line area, the price retraced to 61.8 of previous move and provided opportunities for opening short position. It is possible that the price will re-test 1-3-5 area once again before beginning the descend. Both this level and...
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