Bulls will need to see this volume bar at continue to increase in magnitude. Failure to further develop the volume at the current spot price likely suggests pullback potential; pullback potential is limited, perhaps, to the next lowest volume profile peak circa ~56,965 USD. Notice, the 54,391.69 to 49,244.89 has notably low development on the volume profile; this...
Just noticed this shit Bla, Bla, Bla, Bla, Bla, Bla, Bla, Bla, Bla, Bla, Bla, Bla,
As Smile Direct Club becomes the newest "Meme" stock. It's the fun guessing game of predicting a top where no obvious obvious resistances can be found. You can look back on monthly / weekly levels to try and have faith in those lines being retested. But which do we ignore and which do we believe? You can do fib to try to align the previous supports /...
You can see that ES is winding like a spring. Here it sits between the 2 green support and resistance lines and narrowing Bollinger. And also looking at daily volume it is pretty low. In last month we hit lowest volume in 3 month and 6 month period. All this to me means we may be at a high and in for nice drop.
AUD/USD appears to be consolidating upwards within an ascending triangle. Chaikin money flow is showing strong bearish divergence. If price can break below the shaded support area waiting for a rebound then entering short seems like a good idea. *For educational purposes only*
The market has settled into a persistent pattern, making consistent new ATHs. Here's my prediction for the next All Time High.
Carvana ( cvna ) has been in a rally since mid-May and recently Carvana beat earnings by over 160%. Shareholders who have been riding this profitable rally have raked in over 59% in unrealized gains. These same shareholders should now start to wonder if it's time to take some of that profit. For online used car dealer Carvana, acquiring vehicles is less of a...
Fibonacci confluence zone in the puple box...Entry for LONG is here because there are no signs of smart money or institutional buyers getting out yet. Tons of money is still in the market and we will see clearly when they pull out but for now we stay in and go LONG again for a third snipe!
Session Bias: Bullish Daily: Bullish 4H: Bullish 30m: Ranging 4H Chart 30m Chart
30 July - GBPJPY Trade Plan It's Friday and End of Month so will just watch the plan and not going to trade Session Bias: Bearish Daily: Bullish 4H: Mixed 30m: Bearish
We have been following the markdown of Naspers - see posts below. Yesterday there was a sharp recovery but one should not get caught up and think it is time to go long. Naspers remains week and the current bounce is just a retest of the yearly pivot levels. Naspers remains weaker than the market and there are no indications of a recovery. The bounce may indicate a...
MR Price has been in a strong markup after the base from the covid lows. The stock is stronger than the market. The pullback has been on lower volume and we are now ready for a test of historic highs at R300.
29 July - GBPJPY Trade Plan Session Bias: Bullish Daily: Bullish 4H: Bullish 30m: Bullish News 9:30 Consumer Credit(Jun) 9:30 Net Lending to Individuals (MoM)(Jun) 9:30 M4 Money Supply (MoM)(Jun) 9:30 M4 Money Supply (YoY)(Jun) 9:30 Mortgage Approvals(Jun) GBPJPY
Evidence provided for bearish: - Hit top of trend channel - Reached demand zone - Decreasing volume - Candles with a long tail This is educational rather than a tip. This is an easy strategy that might not work this time. After all, it works most of the time.
The chart looks extremely annoying, having lots of small candlesticks (->no Momentum=no trend). I would recommend to watch for high volume plays. As always I draw my expectation on how the stock could move in the future.
Sharp bounce off t resistance area/boll band, looking to target next area of demand, possibly going down lower. First marked rectangle would be TP1, other marked rectangle TP2. Small remainder of the position can be kept as a trailing stop loss, too. TRADING IDEA , NOT AN INVESTMENT OPPORTUNITY. TRADE AT YOUR OWN RISK!
Bullish pattern Could make one more low around 0.5 firs. Depends on bitcoin Declining volume with decline price on the daily = bullish Whats your opinion?
We had been seeing buying in Tongaat but that is over now. Now we see signs of weakness (SoW) that could take us back to the lows. The distribution was very weak and an acceleration of the markdown is now expected.