Volume
Spotting the patternsYou will find in the chart the different patterns that the proce have been following the previous days.
It's hard to predict the next movement in the short time frames, but if it's not a false breakout, I expect the price to go higher to break the previous high at $62,750.
I also expect the movement of Monday to be very strong (generally to the upside).
Let's see if this prediction is good !
SYNGENE - Gearing up for higher MoveThe stock after nearly 10 months of consolidation had come out of the consolidation zone and now it is attempting to take out the previous supply zone as well. As we can see in the weekly chart, the relative strength and the money flow index are positive. In the daily chart as well, you can find the relative strength, the buying pressure are all positive. However, the money flow has not picked up. Given these conditions, once the money flow also picks up, the stock is likely to go up higher after breaking out of the price rejection zone or the supply zone. A positive close above 858 level, will add to the conviction.
Long term continuation biasing patternGood volume buildup in daily and weekly timeframe.
Highest volume buildup in daily timeframe.
Long-term continuation biasing pattern breakout with good volume.
Fundamentals are good.
FII and DII stake increased significantly.
NOTE: I do my analysis, do yours before trade.
Long Position on XLMUSDT / Volume ProjectionBINANCE:XLMUSDT
COINBASE:XLMUSD
SL2 ---> Mid-risk status: 5x-8x Leverage
SL1 ---> Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
0.1045
0.1055
0.1070
0.1085
0.1100
0.01112(In Optimistic Scenario)
➡️SL:
0.0977
0.0955
🧐 The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
ATH breakout Good volume buildup in daily and weekly timeframe.
Price has always respected 50ema in daily time frame wait for retest ai ATH zone of retracement at 50ema.
Fundamental's are good.
Profit up QOQ.
FII stakes increased.
Trent is mainly textile part of TATA SON'S.
Assumption➡️ Bangladesh democracy meltdown in terms effecting the textile hub that it is and it might help other textile country hubs.
NOTE: I do my analysis, do your before trade.
NZD/USD Day Trading Analysis With Volume ProfileOn NZD/USD, it's nice to see a strong buying reaction at the price of 0.59570.
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
SMH tests major resistance lineSMH approaches major resistance line after flash crash a few days ago
SMH rallies to major resistance line
20 RSI remains below 50 which is a bearish sign that the recent rally is running out
shorter timeframes show a dramatic drop in volume during the rally which is another bearish indicator
August and September are historically bad months for the stock market
I am expecting SMH to test the resistance line, possibly breakthrough then pull back before continues selling.
Not putting on any trades, waiting for confirmation.
MINDA CORP - Gearing up for More Upside ?After almost two months of side ways move the stock is on the verge of taking out the previous Price Rejection Zone. My checklist all ticked right
Relative Strength
Buying Pressure
Increased volume
Money Flow
Absolute Momentum
Increased Delivery volumes
There is a high probability of the stock moving into the next Higher trajectory. A positive close above 527 will add more conviction.
Possible 2 XDaily TF
1 - ema 20 crosses ema 50, down. 50% drop in price follows from April to July 24. 20 hasn't crossed back up yet, but showing signs of a support/floor.
2 - 20 did not make it back for a cross up. But price action tagged along on BTC rise. Followed by retrace.
3 - Increased volume. Visual signal for long...
*** Possible 2 X from price 0.021***
1HR TF
4 - Short term signs of a rise. 20 ema crossed 50. price heading towards a touch with the 200ema. Then anticipate a pullback. Use this TF in confluence with the D TF to execute a possible long entry. If volume good on the bounce and BTC showing strength, wait for confirmation to enter long.
15 Min TF
As per Anchored Volume profile and diagonal resistance line, target entry price is 0.02281
Long S&P 500 setup as bulls absorb big selling volumes S&P 500 E-minis have absorbed plenty of selling over the past few sessions but are yet to take the lows struck on Monday. While that doesn’t mean they won’t, it looks like futures may be settling into a new sideways range between 5350 on the topside and 5154 on the downside. Granted, the latter is only a minor level that was breached in the peak of the market puke on Monday, but the dip was bought aggressively below the level.
While signals on momentum like RSI (14) and MACD point to continued downside risks, sitting near the bottom of the newly established range, a long setup could be on the cards if we see risk-reward of the trade improve. It’s not a high probability setup, so if we’re going to go against the trend, we don’t want to be risking a lot.
Pullbacks towards 5154 offer one entry point, allowing for a stop to be placed below Monday’s low for protection. The trade target would be the top of the range at 5350. Those wishing to get in now could do so with a stop below 5154 for protection. Target would be the same as the preferred setup.
From a fundamental perspective, Thursday’s US jobless claims data may be influential on the trade with a stronger-than-expected outcome likely to ease concerns about the US economic trajectory, and potentially the outlook for corporate earnings.
DS
GBPJPY - Down Movement has startedGBP/JPY has tested resistance levels on the 1-hour and 4-hour charts, initiating a downward trend. Place a stop loss above 188.25, and set take profit levels as indicated on the chart.
According to Volume Spread Analysis (VSA), a high-volume bullish candle followed by a high-volume bearish candle that doesn't break the high of the bullish candle is a strong indication of a bearish movement. As long as the high remains unbroken, this setup is favorable for a short trade.