BNBUSDT. Trading opportunityHello traders and investors!
Daily Timeframe Analysis:
On the daily timeframe, the sideways movement that began in March continues. The upper boundary is 721.8, and the lower boundary is 495.8. The buyer's vector 10-11 is relevant, with a potential target of 645.2.
Two days ago, the buyer overcame 598 and reached 605.6, where volume accumulation started. If the buyer defends 598, the next targets are 635 and 645.
Hourly Timeframe Analysis:
On the hourly timeframe, there is an uptrend. The level marking the beginning of the last buyer's impulse is 587.9. I will be watching the buyer's reaction at the levels of 598 and 587.9.
Good luck with your trading and investments!
Volume
QQQ and SPY comparison in uptrendComparing QQQ and SPY we can that they still both hold up above the support lines.
QQQ and SPY are now showing to hold above their long term downward trend, signaling a turn around
RSI still remains pretty stable on both with only slight weakness on SPY
MACD on both showing leveling off with slight down ward move forming.
Volume is looking to decrease lately
This upward trend breakthrough remains fairly strong so far. Its looks like the down trend we have been dealing with for the past 2 months may be coming to an end now overall. Since we still have October to go through, its certainly possible to get one more sell off before we go into a full bull swing.
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CAD/JPY Day Trading analysisOn CAD/JPY, it's nice to see a strong buying reaction at the price of 104.940 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USD/JPY continue with the UptrendOn USD/JPY, it's nice to see a strong buying reaction at the price of 142.3 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Technical Analysis on FedEx (FDX)Despite the long- and short-term uptrend, FedEx stock displays some peculiar behavior, with frequent gap ups and gap downs, mostly occurring around earnings reports. Some gap downs have reached up to 20%, but were quickly filled shortly thereafter.
Recently, the stock reached its all-time high, only to be rejected. Therefore, the $320 area serves as a strong resistance (RES) that needs to be broken for the stock to resume its bullish trend.
Bullish Scenario
Following the release of the latest earnings report and declining revenue, the stock dropped 15% in a single day, creating a new gap down. With this decline, the price is now approaching a key volume area, the POC zone around $250. This area could act as support, containing the price and potentially initiating a rebound.
Bearish Scenario
If the POC area fails to hold the price, the stock could continue its decline toward a static support zone around $200.
FedEx remains an interesting stock to watch, especially considering how it reacts in the coming weeks and its ability to maintain key support levels.
USDJPY 4H Short Selling Trading planUSDJPY 4H Short Selling Trading plan
Volume +Supply and Demand+Pinbar Bearish=Short selling
Directly enter the short market near the current price of 143.469, with the stop loss level set at 144.400.
The first target is around 141.820, halving the warehouse and promoting protection.
The second target is around 140.200, with all short positions tied and profit taking to exit.
Lower the price to a new low and find opportunities to go long.
52 Week High Breakout - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Daily Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
52 Week High Breakout - Positional Trade Disclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Daily Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
NKE in an Uptrend, but OBV Shows Negative DivergenceD isclaimer: This analysis is for educational purposes and does not constitute a buy or sell recommendation. The goal is to share a technical perspective based on classic technical analysis concepts for traders and investors. Always make investment decisions with caution, taking into account your own analysis and risk tolerance.
I’ve noticed that NYSE:NKE is in an early-stage uptrend, and according to John Murphy in the first chapter of his book Technical Analysis of the Financial Markets (page 4):
"It is assumed that a trend in motion is more likely to continue than to reverse."
However, I’ve also observed a negative divergence between the price action and the OBV (On-Balance Volume).
As Martin Pring describes in his classic Technical Analysis Explained, Volume II: Volume Indicators (page 555):
"OBV, therefore, offers a rough approximation for buying and selling pressure and has become a very popular indicator."
In NKE’s weekly price chart, we’ve seen a higher high compared to the previous top, but the OBV has not confirmed this movement, which could be a warning sign.
Given this divergence, t he strength and continuation of this uptrend come into question. If buying pressure is not sustaining the current price movement, it could signal trend fatigue or a possible short-term correction. Will the uptrend continue, or does this OBV divergence suggest a potential reversal or weakening of the trend? The question remains whether buying strength will be enough to sustain this rally in the coming weeks.
What do you think? Does the OBV divergence make you concerned about NKE’s uptrend? Share your thoughts in the comments, and let’s discuss the possible scenarios!
USD/CAD Trading Analysis With Volume ProfileOn USD/CAD , it's nice to see a strong sell-off from the price of 1.36330. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area and with strong rejection of higher prices are my main reasons for this short trade.
Happy trading,
Dale
USDCHF May End Daily Accumulation SoonRSI Divergence on Daily TF shows slowing down of overall weekly downtrend.
May sweep the bottom range of Daily FVG (0.8560) after Fed Chair Powell gives his speech, and release of GDP Growth rate QoQ Final on Sep. 26.
Then may dive down for the manipulation (0.8350) to sweep bottom liquidity before the bullish distribution in the coming days until next week to target the Weekly FVG (0.8750)
Confluences on Daily TF:
+ RSI Divergence
+ 50 Moving Average (pink)
+ 200 Moving Average (yellow)
+ Bollinger band oscillation
+ Volume profile
+ Wycoff Pattern Distribution
Technical Analysis of DATA PATTERNS INDIA LTDOverview: The chart of DATA PATTERNS INDIA LTD. showcases a robust uptrend from June 2022 to September 2024, as evidenced by the ascending support trendline. This indicates a consistent pattern of higher lows, reflecting strong buying interest and a bullish market sentiment.
Trendline Analysis: The rising trendline, drawn from the lower left to the upper right, highlights the stock’s upward trajectory. This trendline has acted as a reliable support level, with the price bouncing off it multiple times, confirming its significance. Traders often use such trendlines to identify potential entry points during pullbacks.
Fibonacci Retracement Levels: The application of Fibonacci retracement levels provides critical insights into potential support and resistance zones. After peaking around September 2023, the stock retraced to a key Fibonacci level before resuming its upward movement. This behavior is typical in trending markets, where Fibonacci levels act as psychological barriers for traders.
Volume Analysis: Volume bars on the chart indicate significant trading activity at various price levels. These volume nodes often correspond to areas where institutional investors have established positions, making them crucial zones to watch. High volume at specific price ranges suggests strong interest and can act as future support or resistance levels.
Conclusion: Given the adherence to the rising trendline and respect for Fibonacci retracement levels, the outlook for DATA PATTERNS INDIA LTD. remains optimistic. The stock’s ability to maintain its upward trajectory, coupled with significant volume at key price levels, suggests a continuation of the bullish trend. Traders should monitor these technical indicators closely and watch for any signs of weakening momentum or breaks below pivotal support levels.
Bullish Outlook this week last week closed price closed bullish after Fed rate cut news, therefore possible draw on liquidity could be towards previous weeks high
4hr price action is bullish respecting bullish imbalances, created an area of resistance
4hr Fixed Volume profile shows the two highest volume nodes and buyers could still be in control
but we are waiting 4hr bullish close to confirm that price may want continue higher from this area
Since NQ is typically correlated with ES I will monitor both for direction confirmation and divergences and convergences
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
WFC - Wells Fargo ABOVE 200SMA & 200EMANYSE:WFC crossed both 200EMA and 200SMA.
ROC and RSI are confirming the direction of the price.
However, DMI+ is still below DMI-, DMI- couldn't keep the strength to keep the negative direction and so it's losing strength with ADX changing direction close to DMI+. With the DMI+ already crossing DMI- in the 4hours time.
Volume it's increasing together with the price, highlighting the increase in demand