Using the Long term dynamic zone and the short term dynamic zone, we can see how well the prices were held up during the bull run in 2021. It looked vulnerable when it dropped below both the long term and short term dynamic trend zones in May 2022. A failed rally which started around Aug 2022 eventually failed again by Oct 2022. Ever since, it has been on a big...
After consolidating since Mar-23, price action has now started to move down. This means the bears have been able to push the price down. Using volume profile analysis, we can judge potentially the significant levels where support and price can bounce from. The first support area is around the 22613 - 23500 level where there is a high volume profile node. This...
Using Volume Profile analysis to show where the XRF price can be heading after such a great run in April. During consolidation period followed by a move higher, the price pulled back toward the previous Point of Control (POS) before the position was defended and price bounced off before moving higher. Prior to the big move up on 14-Apr, the POC was clearly...
Came out of NZ, software business that takes care of revenue collection for utility co. Software collects and calculates bills - single most important software in those businesses. Smaller version of Hansen. In Intelligent Investor portfolio. Key UK market, no fault of their own - deregulation of utilities in UK caused a lot of them to collapse - share price...
Breakout trade setup opportunity. Hitting historical ATH atm. After today's price action I expect this rally to continue for the rest of the week. Circled trade entry region around 1.485, SL under prev resistance around 1.41. TP around 1.605 under prev high.
Pullback has reached prev resistance on decreasing volume. Looking like a good trade entry on the 1H. As per my prediction looking to enter trade.
Breakout trade opportunity, taking a position at a safe place. Stock has had a big rounding base pattern and has been on a downtrend for two years. We are now starting to see a possible early recovery. Looking to False breakout has occurred over major resistance. Price action is retracing and I am waiting to enter around $28.10, where a few technical confluences...
One of the few remaining copper plays in ASX after Sandfire Resources. Bottom is in, formed a rounding base bottom before reversal and current trend higher. Price level on the edge of volume profile peak - could move quicker from here if momentum continues. Trading the break out setup on the 1H. expect to move over the low vol profile region, Entry around the...
Looking like a bullish setup with a symmetrical triangle. Impulse move up with high volume, now retracing with lower volumes and volatility (ATR) as it forms a symmetrical triangle. Also getting close to middle of BB and 50 EMA. Wait a day or two for it to rest a bit longer. Buying at 2.45 would be an aggressive move if you are feeling FOMO. Company has had good...
As everyone is well aware the NASDAQ has continued its bearish trend and BTC along with it. As per previous post, price has quickly travelled passed the low volume profile region and is now relying on a small high vol profile node for support. My opinion with everything that is happening in the macro wold, this support will not hold as it is already not very...
Hi All, BTCUSD is hitting the Point of Control (POC) level of the fixed range vol profile from its lows in 2020 to its current price. This POC also happens to be very close to the 0.5 Fib level from the lows in 2020 to its ATH's late 2021. The price action has also been rejected at the 200 SMA which is an important moving average by institutional investors -...
After reaching ATH and the recent pullback, where is the best price level to buy the dip for those wanting to enter. Using the volumetric profile we can see the price levels where investors are keen to pick up the stock. I have drawn the 3 areas with the high vol nodes - where a lot of activity is occuring. As you can see, the price has recently dropped below a...
The only pure cobalt play on the ASX, secured a major project status for the Broken Hill cobalt project in New South Wales from Australia’s Ministry of Industry, Energy and Emissions Reduction. It is also important for the EV future. Been running hot and looking to get in on the pullback. This stock usually has big pullbacks after big run ups, giving us...
A Nickel (so hot right now!) explorer with management who know the area well with promising results so far. Break out at the start of this year and has continued to trend up, ascending triangle pattern forming. Couple of false breakouts followed by heavy selling - profit taking for those who invested early. I anticipate price action to pullback to the high...
ASX:LYC Biggest rare earths mine outside of China. Swing trade. Price action starting to move back toward the POC (hi vol node) of the most recent accumulation rotation phase. Anticipate the bulls will defend this level and push the price back up. ST and LT EMA's are both bullish. ST starting to turn bearish and seller volumes starting to dominate. • Entry...
Hi All! I noticed this pattern when checking the performance of the Lithium stocks on the ASX today. Core Lithium has been one of the markets favorite lithium stocks on the ASX and has had a great run in the past year. The two bearish patterns observed make's for a short trade. It reached ATH on 3-Mar (point 1 on the chart), pulled back and continued to make new...
ASX:BSX Second highest high node area highlighted. Price action is hitting this area now. has pulled back to this area after initially trending up after the accumulation rotation previously. Opportunistic swing trade. • Entry around near the close today 08/03/22. • SL, keeping it a bit tight in the low volume node area. • TP into strength in the next high vol node
ASX:ABB After an accumulation rotation period stock price fell. Candles have now gone back up the POC. Weekly - Candle today inverted hammer on an uptrend -shooting star which is bearish. Daily chart - ST and LT EMA trends are bullish which is contrary to the bearish thesis. Anticipate - short term will bounce off POC around 4.91 and fall. ST EMA could turn...