Quick Scalp buyThis scalp trade was initiated with the goal of capturing the quick rebound toward the mean and i expect the price to retrace quickly. The signal was generated on a lower timeframe of the asset but sadly 15 minutes is the cap.
Volume
Zillow Group getting ready for 2x moveZillow is breaking out on monthly and weekly with decent volumes, getting ready for 2x move in first run and then we can will see for further targets.
A weekly close below 56 will negate this and we will have to revisit this again.
Sibanye-Stillwater (SBSW) — Huge Move Ahead? (Platinum Miner)Sibanye-Stillwater is one of the world’s largest producers of platinum, palladium, and rhodium. Read more on their website .
If you are bullish on platinum, this is a fantastic opportunity.
On the weekly chart we can see accumulation has been happening on high volume since it hit support in November 2023.
V-shaped recovery on high volume on the daily (for confirmation wait for current week to close above $4):
Also last week had the highest volume since 2017.
When comparing it with the platinum chart we can see it made very volatile moves in 2016 and 2021 and reached the top at around $20 when platinum did small rallies to $1150-1250 levels. Can you imagine what will happen if platinum makes a new all time high?
For additional confirmation wait for trend line breakout:
Conservative target is $20 but it can be much more if platinum makes new highs.
NQ Day Trading Analysis With Volume ProfileOn NQ, it's nice to see a strong buying reaction at the price of 19318.
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
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5570.
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.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Trader Dale
EUR/USD continue with the UptrendOn EUR/USD , it's nice to see a strong buying reaction at the price 1.11000.
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.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Trader Dale
PEB Daily Breakout... large gap to closeHigher risk trade but also high potential reward to risk...
Full disclosure I own this stock already as a long term play
Looking to close gap and sell out half of holding and reinvest it elsewhere...
Sells I am seeking short-term buy opportunities following a price break below the volume profile. This presents the potential for a bullish retracement, leading into longer-term sell positions.
Short terms buy I am seeking short-term buy opportunities following a price break below the volume profile. This presents the potential for a bullish retracement, leading into longer-term sell positions.
Short I am considering executing intraday trades on this pair, with a bias towards short positions based on the price closing below the value area. I plan to wait for a confirmed break of structure before entering short positions.
My expectations vs the possibilitiesAfter the long and short played out exactly as I thought. Can we now look further into an outbreak? Whether this is downwards or upwards, it does not matter. I think from experience that if we close a 4 hour candle below the 59656.7 level. that you are more likely to make a move down. If we close a 4-hour candle above the 60366.2 level, I expect that there is a greater chance that we will go higher. The last option is that we continue to move sideways. However, I think it is less likely that a long or short at the same level entails a greater risk. That's why I'm waiting for myself or one of the moves I just mentioned.
I leave it to the market to determine what the price will do.
Technical Analysis of Broadcom Inc (AVGO)The stock ( AVGO ) is in a long- and medium-term uptrend.
In the short term, it is undergoing a retracement phase, having been rejected twice by the POC 1, which reflects the volume area starting from November 2023, when the latest uptrend began.
After the second rejection from POC 1, which confirms its strength, the price is heading towards the $171 area, corresponding to a second volume zone, POC 2. This area acts as resistance, having already rejected the stock once, and we will see if it holds again.
To summarize, in the short term, the stock is retracing, using POC 1 as support and POC 2 as resistance. This phase has resulted in lower highs and higher lows, forming a pattern known as a symmetrical triangle.
The symmetrical triangle is generally considered a continuation pattern, meaning that the breakout often (but not always) occurs in the direction of the trend prior to the triangle's formation. However, it can also signal a consolidation phase or market indecision.
Interpretation:
Bullish Scenario: If the price breaks the resistance (the descending trendline of lower highs) and moves above POC 2, this would be a bullish signal.
Bearish Scenario: Conversely, if the price breaks the support (the ascending trendline of higher lows) and moves below POC 1, this would be a bearish signal.
It is important to confirm the breakout with an increase in volume, as a breakout without strong volume may indicate a false signal.
Long-term continuation patternGood volume buildup in daily and weekly timeframe.
Breakout of 2 year old long-term continuation pattern with significant volume.
Fundamentals looks good for long-term but short-term doesn't look good enough.
NOTE: I do my analysis, do yours before trade.
Symmetrical triangle breakoutGood volume buildup in daily timeframe.
Breakout of symmetrical triangle pattern breakout with good volume.
Wait for retest at breakout zone for conformation.
Fundamentals are good.
FII and DII stakes are up.
NOTE: I do my analysis, do yours before trade.
Long term continuation patternGood volume buildup in daily as well as in weekly time frame.
Long term continuation pattern breakout with good volume and successful retest from breakout supply zone.
Smallcap⚠️⚠️.
Fundamentals are OK.
FII stakes are up.
NOTE: I do my analysis, do yours before trade.
ATH breakout in all time framesGood volume buildup in daily as well as in weekly timeframe.
Highest volume buildup in weekly timeframe.
Fundamentals are OK.
FII & DII stakes are up.
Sector rotation - Pharma.
NOTE: I do my analysis, do yours before trade.
IPO breakoutGood volume buildup in daily as well as in weekly timeframe.
IPO breakout with good volume buildup.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
PLTR trades on the high end of its rangePLTR shows the recent rally could be reversing soon
Currently trades high within its range
If stock breaks above its upward trend that would be a great time to get out
Volume consistently decreases as price increases, this create disagreement in the trend
RSI also shows divergence by declining as the price increases
We should expect PLTR to sell back down to lower point staying within its trading range to the low $30 range.
MUNJALAU | SWING | LONGVolume Contraction
Creating Base near ATH
High Momentum
Needs a final basing to plan entries
BBTC | SWING | LONGVolume Contraction
Creating Base near ATH
High Momentum
Price reacted from Fair Value Gap
