The current volume analysis on NYSE:SNAP is indicating possible bullish continuation. The pole on this bull flag saw increased demand as price continued higher, followed by falling supply as price consolidated within the flag. The bullish breakout would have to equal minimum 1/2 of the previous flag pole. A 100% extension could also result. Bearish scenario is...
I believe AMEX:ARKK is testing volume area high in this sideways trading range as a last point of support after Weiss OI waves showed significant buying and weakening sell-off retracements. A bounce and new high off VAH (Volume Area High) could spell mark-up for $ARKK. Set-up currently looks very bullish. Targets above: $54, $60, $70, $81, $90 Stop Loss would be: $43
Bitcoin looks ready for a retracement back to low $30K's to fill the volume imbalance left behind. Wyckoff Methodology and volume analysis would align for a possible re-test of the previous Last Point of Supports which created a double bottom. A retrace of $32K would fill the volume imbalance, gather buyside liquidity, and shakeout weak hands before another...
NYSE:GME 's trading range can be identified as a longer-term accumulation where price dipped below demand zones but regained the very important $22 area. This zone, historically, has provided major support and large upthrusts in volume and succeeding price action when sellers were absorbed and reversals occurred. Right now, NYSE:GME 's sell-side volume increase...
NYSE:GME 's recent news (Cohen Chair and buying) seems to have dropped at the perfect time. The tape is reading bullish absorption of supply volume with higher lows and higher highs. If this is correct, Williams Alligator is showing the 'gator emas' eating to the upside on *THE WEEKLY*. This looks like squeeze territory anywhere above $30-32.
Using volume to price analysis in correlation with market cycles of accumulation and distribution (Wyckoff), I believe that NASDAQ:HYMC is setting itself up for a strong reversal to the upside on this 'test' region: double bottom. During the mark-down phase, NASDAQ:HYMC exhibited several stopping actions up until the massive change of behavior that came with...