SPX500. Where to look for purchases and sales.Hello traders and investors!
Let's analyze the SPX500.
Weekly Timeframe Analysis:
A buyer's impulse has formed on the weekly TF with an impulse base of $5193.1. The seller performed well, showing a good spread and volume. Key impulse candle from 06/10/24 (candle with the highest volume in the impulse, “KC” on the chart), its close is slightly below 50% of the impulse. I assume that the seller will lower the price to the key candle, where it will be necessary to evaluate the buyer’s actions to search for purchases.
Daily Timeframe Analysis:
On the daily timeframe, the seller broke through the bottom of the buyer's last impulse ($5577.4). The seller's impulse is not over yet, since there has not been a buyer's candle yet. The base of the seller's momentum is $5680.4. While the seller is protecting the $5577.4 level, it is advisable to look for sales.
2H Timeframe Analysis:
On the 2-hour time frame, the price formed a sideways movement (the lower border of the sideways movement is $5577.4). Then the seller broke through the lower border of the sideways movement and launched a short trend. The base of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1.
On the 8-hour timeframe and the 4-hour timeframe, the price situation is similar to the 2-hour timeframe. The initial level of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1.
Thus, in the range of $5577.4 - $5568 there is a context for searching for sales on the daily, 8-hour, 4-hour and 2-hour timeframes .
Selling Strategy:
Seller protection levels $5577.4 or $5568.
Seller protection 50% of last impulse - $5536.1
Buying Strategy:
When the price reaches the range of $5328 - $5436, look for patterns for purchases.
If the buyer returns the price above $5577.4 and protects this level.
Volumespreadanalysis
SPX500. The Leap paper trading competitionHi traders and investors!
In the previous idea, I analyzed the weekly and daily TF to find price zones for sales and purchases. In terms of sales, the idea worked. In terms of purchases, the pattern has not yet formed. It's time to update analysis.
Daily Timeframe Analysis:
There is a short trend on the daily TF. The last impulse of the seller is from the level of $5594.4. The key impulse candle is located at the bottom of the impulse (the candle with the highest volume, marked on the chart "KC") This is the daily candle from 07/25 and is the one with the highest volume over the last 3 months. What is interesting is that most of the body of the candle is below 50% of the last buyer impulse on the weekly TF (see the related idea, where there is an analysis of the weekly TF).
Hourly Timeframe Analysis:
On the hourly timeframe there were more than 3 price touches of 50% of the seller’s last impulse on the daily timeframe; the seller failed to update the minimum, which may indicate the seller’s weakness.
Selling opportunities:
There is a high probability that the buyer will reach $5504.1 (the minimum of the seller’s previous impulse on the daily timeframe) and $5511 (50% of the seller’s last impulse on the hourly timeframe), where I will watch the seller’s reaction to look for sales.
Buying opportunities:
It is advisable to search for purchases when the price returns above $5504 and the buyer protects this level. On a 30-minute time frame, this will mean an upward exit from the sideways trend and the protection of this exit by the buyer.
KNR CONSTRUCTION - Moving to next orbit ?The stock, after a long consolidation of more than 2 years, made an impressive up move in late May, early June period. Then it met with supply around 344-410 levels. Then again it consolidated for almost 2 months taking support in the previous Major PRZ. Now it is trying to move out of this supply zone. All the other parameters like relative strength, money flow, buying pressure, the volumes, all look positive and likely to aid further up move. So, looks like the stock is going to go into the next higher orbit.
GEHC 1H Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- unvolumed T1 level
+ biggest volume 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Take profit:
- 60% 1 to 2 R/R
- 40% daily T1
Daily context
"- short impulse
- unvolumed T1 level
+ biggest volume 2Sp+
+ weak test
+ first bullish bar closed entry"
Monthly context
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level
+ volumed manipulation"
GEHC @NASDAQ.NMS
Sell Limit 83.59, GTC
Sell Stop 79.59 LMT 80.69, GTC
GEHC @NASDAQ.NMS
Sell Limit 82.85, GTC
GEHC @NASDAQ.NMS
Sell Stop 79.59 LMT 80.69, GTC
MOTILALOFS - Ready for 15% up move?The stock was already in a up trend. It faced Price Rejection around 720 level and retreated. Took support at the previous support zone and gearing to move up. Money flow is positive. RS is also on the verge of turning positive. We can good delivery volumes indicating interest longer term buyers. Now likely to test the PRZ . Hence we could see a quick 10-15% up move.
MCD 1H Swing / Investment Conservative Trend TradeConservative Trend Trade
+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Take profit:
1/3 1 to 2 R/R
1/3 daily T1 level
1/3 monthly 1/2
Daily trend
"+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry"
Monthly trens
"+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
+ weak test"
MCD @NYSE
Sell Limit 261.99, GTC
Sell Stop 250.94 LMT 253.18, GTC
Sell Limit 257.63, GTC
OCO 2A: Sell Shares of MCD Limit at $271.49 (Good 'til Canceled)
OCO 2B: Sell Shares of MCD Stop at $250.94 Limit at $251.94 (Good 'til Canceled)
XAUUSD. There is a context for searching for salesHello traders and investors!
Daily Timeframe Analysis:
The daily TF is sideways movement. Buyer vector 6-7 achieved all goals, going beyond the upper border of the sideways movement at point 5 ($2450.125). The seller returned the price to the sideways movement, forming a seller zone with a lower border of $2420.08 at the upper boundary of the sideways (red rectangle on the chart). Seller vector 7-8 is relevant with potential targets $2286.83, $2277.345.
In the $2420 -$2450 zone, you can look for a pattern for selling an asset. Obstacles on the seller’s path – $2391.52 (minimum of the last buyer subvector in the sideways vector 6-7), $2349.485 (test of the buyer zone formed in vector 6-7)
Hourly Timeframe Analysis:
There is a short trend on the hourly timeframe. Beginning of the seller's last impulse at $2421.7.
4-hour Timeframe Analysis:
On the 4-hour timeframe, the seller broke through the bottom of the buyer's last impulse at $2419.84.
Thus, in the range of $2419 - $2422 there is a context for searching for sales on the daily, 4-hour and hourly timeframes.
SBER 1D Investment Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ biggest volume transitional extremum / T1
+ support level
+ biggest volume 2S-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Monthly context
" Trend trade
+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
TATN 1H Swing Long Conservative Trend TradeConservative Trend Trade
+ long impulse
+ expanding volumed T2 level
+ support level
+ volumed 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Day trend
"+ long impulse
+ T2 level
+ support level
+ 1/2 correction?"
Month trend
"+ long balance
+ expanding T2 level
+ support level"
SLB 5M DayTrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade
- short impulse
- unvolumed T1 level
+ volumed Sp?
+ support level
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Hourly context
"- short impulse
+ volumed T1 level
+ support level
+ 1/2 correction"
Daily context
"+ long impulse
+ above JOC SOS level?
+ support level
+ 1/2 correction"
Monthly context
"+ long balance
+ expanding ICE level
+ support level
+ 1/2 correction
+ volumed Sp"
SLB @NYSE
Sell Limit 48.70, GTC
Sell Stop 47.68 LMT 48.03, GTC
FAST 1H Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- expanding ICE
+ volume 2Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context
"+ long impulse
+ SOS test level
+ right volume distribution"
Monthly context
"+ long impulse
+ SOS level
+ 1/2 correction?
+ right volume distribution"
Sell Stop 67.15 LMT 67.84, GTC
Sell Limit 69.19, GTC
HBL POWER - High Probability for further up MoveThe stock faced price rejection around 612 on its upward journey and it was pushed down to the 200 DMA levels. And it moved almost sideways for 6 months. Multiple attempts to take out the rejection zone failed and recently it did succeed in moving out of the rejection zone. But it again went back to test the rejection zone. Now again it is moved up above the rejection zone and also the supply shadow of the BC bar of the 15th of July. As you can see the money flow is positive and the relative strength is also positive now. Th e volume has substantially increased and also the delivery volumes have increased in the recent past. All this does indicate that this current breakout of the rejection zone will sustain and it is highly probable that the stock will move up further.
TM 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed TE / T1
+ support level
+ volumed 2Sp+
+ weak test
- above first closed bullish bar level entry
Calculated affordable stop limit
1 to 2 R/R take profit
Hourly context counter trend
"- short impulse
+ biggest volume transitory extremum / T1
+ support level
+ biggest volume manipulation"
Daily context (trend)
"+ long impulse
+ T2 level
+ support level
+ volumed manipulation
+ 1/2 correction"
Monthly context (trend)
"+ long impulse
+ SOS level
+ 1/2 correction
+ support level
+ weak approach
+ volumed manipulation"
TM @NYSE
Sell Limit 200.85, GTC
Sell Stop 199.53 LMT 199.97, GTC
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors!
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 2822 -2810.
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 471 - 454.
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
Volume Spread Analysis (VSA): Volume and Price DynamicsVolume Spread Analysis (VSA): Understanding Market Intentions through Volume and Price Dynamics.
█ Simple Explanation:
Volume Spread Analysis (VSA) is a trading technique that identifies key market patterns and trends by analyzing the relationship between volume and price spread, revealing traders' actions and market behavior.
Essentials in Volume Spread Analysis (VSA):
Laws.
VSA Indicator.
Signs of Strength.
Signs of Weakness.
Note that while the provided examples are excellent for illustrating the points, they are unlikely to play out perfectly in most scenarios.
█ Laws
Three basic laws forming the foundation of Volume Spread Analysis (VSA).
The Law of Supply and Demand
This law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply.
The Law of Cause and Effect
This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend.
The Law of Effort vs Result
This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly.
█ VSA Indicator
This indicator simplifies the identification of Volume and Spread Levels. It provides options to display volume and/or spread bars. An enhanced version of the indicator auto-scales both volume and spread for optimal chart presentation, reloading every time the chart is moved.
Levels: Representing the levels of both volume and spread using the terminalogy of low, normal, high, and ultra.
Indicator Version 1: Display volume and/or spread bars. When both are displayed, the spread bars are shown in a fixed quantity.
Indicator Version 2: Display both volume and spread bars, with the spread bars scaled to the volume bars.
█ Signs of Strength
Indicates that the market is likely to experience bullish behavior.
Down Thrust: Indicates strong buying interest at lower prices, suggesting a potential upward reversal.
Selling Climax: Signifies a reversal point as panic selling exhausts and smart money starts accumulating.
Bear Effort No Result: A large downward price move without strong selling effort (volume) indicates an anomaly where the result doesn't match the effort, suggesting the down move may be unsustained.
No Effort Bear Result: Strong selling effort (volume) fails to push prices down indicating an anomaly where the result doesn't match the effort, suggesting a potential lack of downward momentum.
Inverse Down Thrust: Shows buyers overpowering sellers, likely leading to a bullish market reversal.
Failed Selling Climax: Failed selling effort suggests strong buying support and a possible upward trend reversal.
Bull Outside Reversal: Indicates strong buying reversing a downtrend, confirmed by higher close.
End of Falling Market: Signifies strong buying absorbs panic selling at new lows, likely leading to stabilized price or reversal.
Pseudo Down Thrust: Suggests weakening of the downward momentum with a potential upward continuation if broken above high.
No Supply: Indicates a lack of selling interest at lower prices, potentially setting up for a price rise.
█ Signs of Weakness
Indicates that the market is likely to experience bearish behavior.
Up Thrust: Indicates sellers overpowering buyers during a price rise, suggesting a potential downward reversal.
Buying Climax: Represents peak buying, typically at price highs, with potential for reversal as sellers take control.
No Effort Bull Result: A large upward price move without strong buying pressure (volume) indicates an anomaly where the result doesn't match the effort, suggesting the up move may be unsustained.
Bull Effort No Result: Strong buying (volume) fails to drive prices higher indicates an anomaly where the result doesn't match the effort, suggesting a potential lack of upward momentum.
Inverse Up Thrust: Increased selling pressure during an uptrend suggests a possible shift to a downtrend.
Failed Buying Climax: High buying volume fails to sustain higher prices, indicating a potential reversal to downtrend.
Bear Outside Reversal: Strong selling pressure reversing an uptrend, signaling a potential downtrend.
End of Rising Market: Indicates buying saturation at market peaks, suggesting a possible reversal as demand exhausts.
Pseudo Down Thrust: Indicates weakening upward momentum with potential for downward continuation if broken below low.
No Demand: Indicates reduced buying interest at higher prices, possibly leading to a price decline.
SBUX 1H Long Swing Conservative Trend TradeConservative Trend Trade
+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
Calculated affordable stop limit
1 to 2 R/R take profit after volumed zone
before 1/2 monthly
Daily context trend
"+ long impulse
+ 1/2 correction
- before volume zone"
Monthly context countertrend
"- short impulse
+ biggest volume T1
+ support level
+ manipulation"
Exit strategy:
SBUX @NASDAQ.NMS
Sell Limit 76.55, GTC
Sell Stop 73.76 LMT 74.69, GTC
TTE 1H Long Swing Conservative Trend tradeConservative Trend trade
+ long balance
+ ICE level
- above 1/2 correction
+ biggest volume 2 Sp
+ support level
Calcualted affordable stop loss
1 to 2 R/R take profit
Daily context:
"+ long impulse
+ 1/2 correction
+ SOS level
+ unvolumed 2Sp"
Monthly context:
"Trend Trade
+ long impulse
+ 1/2 correction
+ SOS level
+ support level
- historical high"
OCO 4A: Sell Shares of TTE Limit at $70.83 (Good 'til Canceled)
OCO 4B: Sell Shares of TTE Stop at $68.76 Limit at $69.19 (Good 'til Canceled)
SBER 1H Long Swing Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ SOS level
+ support level
- above 1/2 correction
+ volumed 2Sp-
Calculated affordable stop limit loss
1 to 2 R/R take profit
Daily context:
"- short impulse
+ biggest volume transitional extremum / T1
+ support level
+ biggest volume 2S-"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
CVS Long Swing 1H Conservative Trend TradeConservative Trend Trade
+ long balance
+ support level
+ 1/2 correction
+ ICE level
+ volumed 2Sp-
+ volumed bullish bars
+ unvolumed bearish bars
Calculated affordable stop limit
25% 1 to 2 R/R
25% 1/2 of the daily range
25% Daily T1 level
25% Monthly 1/2
Daily context
"+ long impulse
+ T2 level
+ support level
+ 1/2 correction
+ exhaustion volume below"
Monthly context
"- short impulse
- unvolumed T1
+ support level
+ biggest volume manipulation"
TM Daytrade M5 Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ volumed transition extremum / T1
+ support level
+ volumed manipulation
- no trading signal (last M5 of the day)
Calculated affordable stop limit
Take profit $205.59
Hourly context:
"- short impulse
- unvolumed transitory extremum / T1
+ support level
+ volumed manipulation"
Daily context:
"+ long impulse
- biggest volume on top
+ T2 level
+ support level
+ volumed manipulation
- 1/2 correction?"
Monthly context:
" + long impulse
+ SOS level
+ 1/2 correction
+ support level
+ weak approach
+ volumed manipulation"
OCO 4A: Sell Shares of TM Limit at $205.99 (Good 'til Canceled)
OCO 4B: Sell Shares of TM Stop at $201.58 Limit at $201.70 (Good 'til Canceled)
TGT Swing 1H Long Conservative TradeConservative Trade
+ long impulse
+ Daily 1/2 correction
+ T2 level
+ support level
+ 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context:
"- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp+
+ weak test
+ 1/2 correction"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ close to 1/2 correction"
TGT @NYSE Bought Market, Day
Profit Taker Sell Limit 150.02, GTC
Profit Taker Sell Stop 144.77 LMT 146.70, GTC
BTC. Buying opportunitiesHi traders and investors!
The price followed the bearish scenario from the previous review and reached the anticipated target of 60200. It's time to update the possible scenarios.
Daily Timeframe Analysis
Let me remind you that on the daily timeframe, the price has been in a sideways range since February 2024. The buyer's vector 10-11 is currently relevant with a potential target of 72797. The buyer has not yet been able to reach this target. The seller formed a selling zone at the end of the incomplete buyer's vector 10-11 (red rectangle on the chart, lower boundary of the selling zone 66060.31) and pushed the price down to the lower boundary of the sideways range at 59005. Since the price is near the lower boundary of the sideways range, the priority is to look for buying opportunities. Let's look at the lower timeframes.
Hourly Timeframe Analysis
On the hourly timeframe, the buyer is currently trying to start a long trend. The price has overcome the beginning of the last seller's impulse (60548.46). This level is currently key. Protecting this level by the buyer and/or forming a new impulse will start a long trend, confirming the presence of the buyer. A move below 60548.46 and protection of this level by the seller will form a sideways range where intraday trades can be sought from one boundary to the other.
Buying opportunities
Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe:
the buyer protecting the level 60548.46 (aggressive strategy),
forming a new buyer's impulse on the hourly timeframe and the buyer protecting this impulse (semi-aggressive strategy),
after the buyer absorbs the daily candle of June 24, 2024 (conservative strategy).
The potential target is 72797.
AFFLE - A stock to watchThe stock has been moving almost sideways for more than two years. Early this year it attempted to take out the old price rejection zone of two years at 1336 level, it failed and it was pushed down again below the 200 DMA. From there it started recovering and in the month of May the stock did make an attempt to take out this price rejection zone. It failed and again was pushed down below the 200 DMA. Now again it is making an attempt and it is crossed the rejection zone with a “Buying Climax” like Bar with a with widespread up bar on very high volume. Now the level 1390 is very significant now because once the price goes above this level it would cross the previous resistances from 2022 and also it would go above the supply shadow of the “BC” like bar which happened today. A bullish close above 1390 will take the stock higher. All other parameters like Relative strength, Money Flow, Buying Pressure and Momentum seem to support. The up move could struggle till 1510 level above which the ease of movement would be much better.