Evening Traders, Today’s analysis – THETAUSDT – breaking Dynamic S/R, failure to close back above is bearish. Points to consider, - Price Action Pivot - Range Low Support Confluence - Dynamic S/R Resistance - Oscillators Neutral - Declining Volume THETAUSDT’s immediate price action is below 21 MA and Dynamic Support; this allows us to have a bearish...
At the top we see here the DEFI index, daily chart, and below the weekly chart of Bitcoin (2018) A series of lackluster rallies , lower highs on decreasing volume suggest that demand is really poor. Institutions have quickly sold their assets off the top and run away from this market (RISK ON->RISK OFF MODE) Lower highs suggest a break of the support. That...
Evening Traders, Today’s analysis – ZECUSDT – trading at a key trade location where an impulse move is probable, Points to consider, - Price Action Pivot - Range Mid Support ( Technical Confluence, Golden Pocket & 200 DMA) - Range High Resistance - Oscillators Divergence - Increasing Volume ZECUSDT’s immediate price action is holding support with...
The JSE Resources Index (J210) is the one potential light in the tunnel. We have been in an uptrend since 2016 and even after the covid drop recovered to top of the upward stride. Recently we have seen a pullback from the overbought line on low volume. So now we start looking for when the price reaches the oversold line to take opportunities for the next leg up....
The JSE Industrial Index ( J211 ) has been in a trading range since 2016 and has broken the upward trend in the process. The covid drop interestingly was not backed by volume as seen by the lack of movement in the volume RSI and low volume spike. Price has recovered back into the trading range but has shown little enthusiasm to break out. The bounce has been on...
Evening Traders, Today’s analysis – GBPJPY- impulse price action, trading with a bounce from support zone leading into a probable retest of Local S/R, Points to consider, - Bearish Price Action - Supply Zone Support - Local S/R Resistance - Oscillators Over-extended - Volume Declining GBPJPY’s immediate price action is considered bearish, any rallies are...
Evening Traders, Today’s second analysis – ETHUSDT- consolidating under key resistance where a breakout is probable upon increasing volume, Points to consider, - Price Action Impulsive - Weekly S/R Resistance - Daily S/R Objective - Oscillators Extending - Volume Increasing - VPVR Low Transactions ETHUSDT’s immediate price action is impulsive, breaking...
Evening Traders, Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position. Points to consider, - Price Action Impulse - Daily S/R Support (.50 Fibonacci Confluence) - Upper Daily S/R Resistance - Oscillators Extended - Volume Climax LTCUSDT’s immediate price action is impulsive; breaking key...
Evening Traders, Today’s second analysis – EURJPY- impulse sell into Daily S/R where a bounce is probable allowing for a short on low volume. Points to consider, - Price Action Impulse - Daily S/R Support - .382 Fibonacci Resistance - Oscillators Oversold - Bear Impulses EURJPY’s immediate price action is looking bearish; a bounce on low volume will...
As you all know the book written by nicholas darvas in 1959, emphisized on the volume and price action on weekly magazine called Barton. This weekly magazine contains information about price action and volume and also about company business and important fundamental indicator. This screener on weekly data and hopefully could some how functioned as Darvas Barton...
Evening Traders, Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex. Points to consider, - Price Action Higher Lows - Dynamic S/R Support - Structural S/R Resistance - Oscillators Neutral - Low Volume NEOUSDT’s immediate price action is trading with a higher low projection, until this is...
Sell set up for EURAUD on a low timeframe, possibility of reversing. Same trading tactics.
Evening Traders, Today’s second analysis- EURNZD- trading under Daily S/R where a back test is considered a bearish retest. Points to consider, - Price Action Bearish - Daily S/R Resistance (.618 Fibonacci Confluence) - Local S/R Support (Respected) - Oscillators Neutral - Volume Below average EURNZD’s immediate price action is trading below Daily S/R,...
Evening Traders, Today’s second analysis – TEHTAUSDT price action breaking trend therefore any rallies are now considered bearish retests. Points to consider, - Price Action Lower Low - Local S/R Resistance (Bearish Retest) - 200 MA Resistance - Oscillators Extended - Declining Volume THETAUSDT’s immediate price action is bearish under Local S/R; this...
Evening Traders, Today’s Analysis – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame, Points to consider, - Price Action Pivot - Weekly S/R Resistance - Dynamic S/R Support - Stochastic Buy Cross - Declining Volume XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our...
Evening Traders, Today’s second analysis – NZDCHF – trading in a descending channel where a break bullish is probable, Points to consider, - Price Action Range - Local S/R Support - Daily S/R objective - Oscillators neutral - Volume below average NZDCHF’s immediate price action is range bound trading, breaking bullish from channel will allow for long...
Evening Traders, Today’s Analysis – AUDUSD – trading above key structural S/R, holding this level will allow for further upside momentum. Points to consider, - Bullish Price Action - Structural S/R Support - Swing High Target - Oscillators Divergence - Low Volume AUDUSD’s immediate price action is being accepted above a key level, price acceptance allow...
Evening Traders, Today’s second analysis – ZECUSDT- trading in a falling wedge pattern that typically breaks bullish, Points to consider, - Price Action Bullish - Local S/R Support - Swing High Target - RSI Divergence - Volume Influx ZECUSDT’s immediate price action is bullish trading towards its apex, this allows us to have a bullish bias on the...