BHEL - Looking good to retake some old highsThe stock is seeing almost five year High. On the weekly we can see a a nice VCP pattern.
On the Daily chart it is coming out of the supply shadow of effectively two "BC' Bars. Today we saw a High Volume "Effort to Move up" bar. The Relative Strength is also Positive.
After a long time the stock seems to be gathering the strength move up and scale up retake some of the old highs
Vpa
QQQ Volume Spikes Since April 1Since the first of the month, the QQQ has bounced around between levels. As shown on the graph. high volume spikes have resulted in a decline in the QQQ the following days 8/10 times of these occurrences. The times that this did not occur were when the QQQ was at the bottom of its range. And during the beginning of the month. Because the QQQ is at the top of its range, I would wager to say that this most recent volume spike will result in a further decline in the QQQ because 8/8 of the previous volume spikes at this level have resulted in this. The alternative is that we break through this level. In which case my thesis would be negated.QQQ Volume Spikes Since April 1
Breaking out of Descending Wedge, With VolumeHello Everyone,
I know a lot of the news as of recent has been largely negative regarding the US banking system, as well as the War in Ukraine; but I wanted to share with you an alternative. If you examine the chart, you see that volume has significantly increased over the last four days. Historically, we haven't seen this kind of volume since the market bottom in October of 2022, June of 2022, and
which each resulted in a follows 20%, 18%, and 10 % movement to the upside in the following weeks and months.
If youll also notice, that the candles associated with the volume bars are compacted. Meaning that the volume being traded did not move the price. This can only mean that the amount of sellers is matching the buyers, AND A LOT of shares are trading hands relatively speaking.
Youll also notice that we have been declining about 10%, rather heavily, over the last 6 weeks in the SPY index, and that Volume spikes have historically marked bottoms when the market is declining, and marked tops when the market is rising.
Note that the market is risky endeavor and nothing is guaranteed, that we could move significantly to the downside (about 220) if the banking system fails in a systemic way, or something else catastrophic happens, but that in general, these patterns of volume analysis and price movement seem to hold.
Biden Banking Bailout is Bullish. CPI and PPI are neutral to bearish. J Pow speech will determine the move, but it seems the market is betting on a pause after SVIB.
Thank you for reading happy investing and trading.
ELLIOT WAVE | BIG INDUSTRIES BHDBIG industries Bhd
- Very hot stock past 2 weeks, waiting for another game play. Might be a profitable trade for swing trader
IDEA TRADING TEKNIKAL
1. Head and shoulder pattern spotted waiting for breakout confirmation with volume = sincere BO
2. Moving average tersusun cantik = strong uptrend
3. Entry level pada MA20 and MA50, TF daily
4. breakout downtrendline and able to succeed above + formation of HH and HL
IDEA TRADING FUNDAMENTAL
1. Quarter report 3 quarter constant making profit = something brewing
2. ROA, ROIC, ROE improve for 5 years
BJFOOD Elliott Waves Analysis updated 14/Feb/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Bitcoin VPA-style volume signal at broadening formation lowsQuick note on this relative volume-per-range signal (in the vein of VSA / VPA / volume spread analysis / volume price analysis).
The basic concept is simple: volume per range tells you how many shares it takes to move an asset by $X. The higher this number, the harder it is for price to move, and the more likely it is that support/resistance or supply/demand levels are nearby. The lower this number is, the easier it is for price to move and the less likely it is that supply/demand are nearby.
So the signal here on Bitcoin could be indicating support coming in. This also coincides with the lows of a broadening formation, a DeMark reversal buy signal, and Anchored Volume Weighted Average Price levels (aVWAPs or Midas lines) from the most recent previous swing points.
Just a heads up.
LYFT Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern:
-Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches)
-The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill
-VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish
-Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's)
-Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different.
-MACD in stagnant divergence over the past few days.
Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
SPY/ES - Analysis - Oct 21, 2021 - ATH ReclaimedCME_MINI:ES1! AMEX:SPY
End of Day - Oct 21 - Analysis
What happened: ES/SPY has basically reclaimed its ATH (4549.50) with a close at 4541.75 (Oct 21).
Analysis:
Volume analysis indicates we have declining volume with a rising trend. However, the actual candle bodies have also been decreasing. Therefore, the move is likely acceptable without major anomalies. There are hints of weakness with an equivalent lower wick from today - but again, nothing major or confirmatory.
Market earnings have been strong and supports the current move, most notably with $TSLA. We are still dealing with inflationary pressures, the beginning of global supply chain issues, and the ever-looming Evergrande fallout.
CNN Fear and Greed index is 69 (Greed), which is a vast change from 39 (Fear) a week ago. This suggests a rather quick change in sentiment.
We are currently sitting in a strong 1d supply zone (4518-4549.50). This zone is formed from the daily chart and comes after a long uptrend (rally-drop-rally). The next major zone below is a 1d demand zone at 4285-4348.
RSI on the daily chart is hovering around 70 on an uptrend. We are currently in a "bear support zone" and would hold off on adding to a long position. I would take profits/tighten stop-losses and watch carefully for the RSI to hit 80-90 for a full exit on a long position.
Bear Thesis:
If this supply zone is as strong as we think, expect a short-term BEAR sentiment. Unfortunately, as we mentioned, the next major demand zone is all the way down to 4348.
A full reversal back to 4348 is a little hopeful, so we will use volume profile and fib retracements for PT in a bear position.
PT1: 4459 (0.62 fib level)
PT2: 4437.50 (nice little volume island and recent POC)
PT3: 4404.25 (0.38 fib level)
Final PT: 4285-4348 (1d demand zone)
SL: 4560.50 (arbitrary round number slightly outside of our 1d supply zone and small buffer of 0.50)
Bull/Neutral Thesis:
As we are in a strong supply zone, bull thesis is weaker. However, with strong earnings supporting this move and seemingly the world is still OK despite the aforementioned issues we could still go up vs stay in consolidation/range-bound.
I would like to see volume enter to break and maintain the supply zone. But volume has been trending down. With so much money flowing around anything can happen. As they say, markets can stay irrational longer than you can stay solvent.
PT1: 4604 (0.23 fib extension level)
Other PTs: Based on fib extension levels as we are in unchartered territories and based on volume price analysis (VPA).
SL: 4507 (chosen slight outside of today's lower wick)
TLDR: ES/SPY is either going up or down, and always to the right. Be safe.
The Bears Have Taken ControlThe bears have finally pulled price below the main POC at 4350 (this is still in play). We saw a large move followed by a doji and another large move on the daily, will today be a doji? As I write this we are approaching a bearish reversal level on the daily Informant Pivots. These levels were bounced off of all of yesterday's trading session so I suggest you pay attention when the Informant Pivots speak. Below are some key levels, that, with price action will prove to be important points for price.
Key Levels
4323.67- bearish reversal
4349.59 - a bullish continuation
4271.83 - a bullish reversal
4245.91 - berish continuation
4350ish - overall POC for bears/bulls
1.679M in 15-minute Informant OBV - if we blow passed this upward we are in for a bullish day and vice verse
1.62 - if we cross this we are in complete bear territory
Another Explosive Move Is Possible TomorrowThis is a tight inside value day on the Informant Pivots, just 19.98 in difference from the high/low-value pivots. The last explosive move came form a 36.85 point difference and that was yesterday (9/28) for a 86 point move. I expect a large move leaning to the upside tomorrow. I believe yesterday (9//28) was indicative of bullish reversal based on volume and the simple fact that price closed above what I coined the bearish/bullish Mason-Dixon line. We are in an HnS Pattern on the daily and on the intraday right shoulder (there is a HnS pattern) so I truly believe this is a bear trap. CRP for floor pivots (central pivot range) is extremely tight as well but, it has a slightly lower value bias than the Informant Pivots.
The case of the bulls is the capitulation volume on 9/28 (daily) along with intraday (before close yesterday) coupled with bullish convergence. Price has also, as of writing this, crossed through the 4359.26 bearish reversal level
Levels to to look out for tomorrow
4350ish - Bear/Bull Mason-Dixon line
4359.26 - Bearish reversal (of course, as with all of these we need price action in our favor)
4340.24 - Bullish reversal
4368.73 - Bullish continuation until 4384.49
4330.77 Bearish continuation until 4315.21
Bulls take control of the week at 4378.75
Bulls take back official control of daily market at 4472
To confirm bullish look for Informant OBV to run through 1.90M at open
To confirm bearish look for volume on Informant OBV to reject the 1.90M level at open
IIFLSec- Price Action analysisIIFLSec has broken above 72 level with Strong Move up to 75-76 level on back of strong volume push. VPA analysis of the subsequent retracement is indicating very little Selling happening on the counter.
Positionally the stock is in a established Bull trend expecting to touch 100, 120 on charts in the next 3 months.
View invalid below 50 EMA on 4 hour chart at 59 levels. Target1 has a good R:R at 1:3 at 100 and 1:5 at 120 Levels.
history doesn't repeat itself but it rhymesRight now it comes to half of March and the roller coaster has been running all the way down to around 28500-29500, with big shake from session to session.
Have got a feeling that market will be set to kill the volatility bulls for the coming couple of days, before it decides which way to go (downward then most likely).
From day chart, interesting analogised pattern was spot.
Potential Short for SPYAMEX:SPY
Volume Price Analysis
Looking at SNP rallying with low volume after that crash in Feb period.
Before the crash we can reference the same thing too, market breaking all time high all on lowest volume. Meaning to say that the rally is not a genuine market rally, as demand (Buyer) is getting lesser with very tick up.
This will mean that the rallying buying demand might be tapering out.
For the bully to be breaking new high we have to see either:
1) A consolidation of base
2) Strong new buy volume upon 3000 level to break
3) Or Stimulus package of Fed making a meaningful Volume uptick
If not a potential short entry comes into play. Another thing to note is that Fundamentals of economy isn't that sound right now
with
1) -ve GDP revision
2) All time high unemployment rate.
Thus I would view this as a later stage of Market Euphoria moment.
Unless Price and Volume can prove other wise.
Why The USD Is NOT Going UP Anytime SoonYesterday, September 18 the FED has decided to lower interest rates by 0.25%. The markets reacted in an odd way because instead of the US Dollar going down it went up, freaking up some traders and speculators.
The reason why I did not panic or closed my position short on US Dollar is simply because of 2 simple reasons (as you can see on the chart):
1. Price Action: yes the price went up with a fairly decent candle, with no wicks.
2. VOLUME: the combination of Price Action and BELOW average volume had shown me 1 simple but important thing, the big market makers i.e. big banks, hedge funds, Central Banks, did not enter on the move up. Why? They already knew that the FED will continue to pour and supply the system.
A fairly decent candle (no wicks) without a volume to backup it is called an anomaly. And every time we see an anomaly we have to stop and thing.
By the way, I have chosen the pair USD/JPY because for me it's a better thermometer for the USD.