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Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, Ely
CAPITALCOM:DXYLong
by Elysian_Mind
WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI 🖐️WE GOT A 5/5 TRADE SETUP ON SOFI My trading strategy consists of 5 Indicators: 1.) A clear and clean Charting pattern setup. ✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout. 2.) A Volume Gap to fill and strong buying area. ✔️ Volume gap up to $13. 3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time. 4.) RSI rising and making higher lows. ✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart. 5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band. ✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band. Short🎯 $11.70 Long🎯 $15.83 Bonus: Bullish sentiment behind the name and lots of catalysts. Hope you enjoyed! Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:SOFILong
by RonnieV29
EURJPY - Using Technical Tools To Pin Point Key LevelsFINALLY we're seeing some movement in the markets. Now the question is "what do we do next?" in this video we're going to break down the EURJPY, looking at both Bullish Trend Continuation 7 Bearish Counter-trend trading opportunities. More importantly I'm going to walk you through how I use various technical tools to take a large prediction zone & make it more manageable. Please leave any questions or comments that you may have below. Akil
by Akil_Stokes
Difference between candles and barsHey traders and investors! What is the difference between using candles or bars on a chart? This example clearly shows the key difference. Take note of the closing price of the candle on September 26 (point 8 of the range). On a candlestick chart, this is impossible to understand. On a bar chart, the closing price is clearly visible. The closing price is below the range boundary of 111.34, the trading volume is enormous, and the buyer was unable to break above the range. Now, the price has reached the range boundary of 111.34 for the second time on increased volume, and the seller has absorbed the buyer, forming a buyer's zone at the upper boundary of the range. There is a high probability of further price decline within the short vector 8-9 of the range (potential target 85.92). However, there are threats along the seller's path. You might consider buying at the 98.7 level (if buyer will protect it) or around 84-86. Good luck with your trading and investments!
NASDAQ:MU
by AlexeyWolf
2
NVDA Bearish Elliott Wave AnalysisDisclaimer: I did this analysis with a strong bias that the market is overrun and purposely look for a bearish case for NVDA since it seems to be the one stock that is forcefully pulling the indices up. All other usual way of analyzing waves will give NVDA a target above $153. In this analysis, I gave the following points: 1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too). 2. RSI divergence on the daily. 3. An irregular correction W-X-Y-X-Z. 4. Fibonacci Target of the last wave. Please use this with caution and only as a reference on how a bearish case for NVDA could be.
NASDAQ:NVDAShort
by yuchaosng
8
Detailed Technical Analysis of Sonata Software (SONATSOFTW) The chart represents Sonata Software Ltd. (NSE: SONATSOFTW), plotted on a 2-hour timeframe with Fibonacci retracement levels. Let’s break down and analyze the various elements of the chart to extract meaningful insights into the current and potential future price action. 1. Chart Overview Timeframe: 2-hour Ticker: SONATSOFTW Current Price: ₹607.35 (as of the latest candle) Volume: The volume bars at the bottom show significant trading spikes at various points, especially in July and late August. 2. Fibonacci Retracement Levels Fibonacci retracement is a powerful tool used by technical analysts to identify potential reversal levels in an ongoing trend. The Fibonacci levels plotted on this chart use the range from the swing low in June to the swing high around mid-August. The key Fibonacci levels are: 23.6% – ₹682.00 (Resistance) 38.2% – ₹640.00 (Resistance) 50.0% – ₹607.35 (Current Price, at a significant level) 61.8% – ₹565.00 (Support) 78.6% – ₹520.00 (Deeper Support) 3. Trend Overview Uptrend from June to August: The stock saw a clear uptrend starting in early June, peaking around ₹720 in mid-August. This uptrend was characterized by strong price action with consistent higher highs and higher lows. Correction Phase from August Onwards: After peaking in August, the stock entered a correction phase. This is where Fibonacci retracement becomes particularly useful, as it helps identify support and resistance levels where the price may find buying or selling pressure. 4. Fibonacci Levels Analysis 23.6% Level (₹682.00): The price briefly broke above the 23.6% Fibonacci level in early August but quickly reversed. This suggests that the ₹682 level is acting as a strong resistance point. Until this level is convincingly broken, further upside may be limited. 38.2% Level (₹640.00): This level also acted as a significant resistance in September, where the price attempted to rally but got rejected multiple times. The stock consolidated between ₹565 and ₹640, but each attempt to break through ₹640 has failed so far. 50.0% Level (₹607.35): This is a key psychological and technical level where the price is currently hovering. Fibonacci’s 50% retracement level often serves as a crucial zone, where the market decides its next direction. The price has tested this level several times, indicating indecision among traders. If the stock can maintain this level and reverse upward, it could challenge the upper Fibonacci levels once again. However, a failure to hold the ₹607 mark could lead to further downside. 61.8% Level (₹565.00): The 61.8% Fibonacci retracement level is often considered the "golden ratio" and tends to act as a strong support zone. If the stock falls to ₹565, buyers could potentially step in heavily, especially considering the stock bounced from this level previously in late September and early October. 78.6% Level (₹520.00): If the price falls below ₹565, the next crucial support lies around ₹520. A break below this level would signal a deeper retracement, potentially shifting the long-term trend to bearish. 5. Volume Analysis The volume bars indicate several key moments of increased trading activity. Large spikes in volume tend to coincide with significant price moves: July: The price moved upwards with increased volume, confirming the uptrend. Late August: Significant selling pressure was evident as the price sharply dropped from its highs, with a corresponding spike in volume. September: The stock saw multiple attempts to rally, but each was met with selling pressure, accompanied by a moderate increase in volume. The current volume trend shows a slight decrease in activity, indicating potential consolidation. If a breakout or breakdown occurs, watch for volume confirmation, as that will help validate the direction of the move. 6. Support and Resistance Zones Based on the Fibonacci levels and price action, we can clearly define the following support and resistance zones: Resistance: ₹682 (23.6% Fib), ₹640 (38.2% Fib) Support: ₹607 (50% Fib), ₹565 (61.8% Fib), ₹520 (78.6% Fib) A breakout above ₹640 and ₹682 could trigger a new uptrend, while a breakdown below ₹565 would indicate more downside risk. 7. Technical Outlook and Conclusion The stock of Sonata Software is currently in a corrective phase after a strong uptrend from June to August. At present, it is trading near the 50% Fibonacci retracement level, which is a crucial area for bulls and bears to decide the next direction. Bullish Scenario: If the stock can hold the ₹607 level and start moving upwards, we could see the price challenge the ₹640 and ₹682 resistance zones. A close above ₹682 would likely signal a renewed uptrend, potentially taking the stock to new highs around ₹720. Bearish Scenario: If the stock breaks below ₹607, the next key support lies at ₹565 (61.8% Fib). A failure to hold this level could lead to further downside, with ₹520 as the next target. If this deeper support fails, the trend may shift towards bearish, leading to a longer correction. Overall, the current price action suggests indecision in the market, and traders should watch the upcoming price movements carefully. Volume spikes will provide further clues about the strength of any breakout or breakdown. 8. Recommendations For Bulls: Watch for a strong move above ₹640 and ₹682 with accompanying volume for a potential long position. For Bears: A break below ₹565 could signal an opportunity for short positions, with ₹520 as the next target. In conclusion , Sonata Software Ltd. is at a critical juncture, and the market is looking for direction. Traders should closely monitor the Fibonacci levels and volume to determine the next major move.
NSE:SONATSOFTW
by stocktechbot
HYZN Spectral Accumulation PatternThe pattern was pure in August, but then had a long slow decay tail leading up to the current premarket surge. If it's possible to pick-up HYZN on a dip to fill the premarket gap, it's definitely a potential 5x and even 10x play. On TV platform, it's not possible to provide the full analysis because PineScript doesn't provide access to raw trades data, nor does it provide users with the number of trades in each bar (only the total number of shares traded). Suffice to say, this stock looks even better when the trade volume is factored in, which is why I'm willing to take the risk even with the long decay tail (which is not ideal). With microcaps (HYZN is currently at $10M market cap from the previous close), the risk is always infinite and relentless dilution. Let's see what happens.
HLong
by swilton
EUR/GBP Day Trading Analysis With Volume ProfileOn EUR/GBP , it's nice to see a strong buying reaction at the price of 0.83030. 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. GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale