1. Price & OBV both in triangle consolidation 2. OBV looks to be heading down into Wave D 3. Price could breakdown form triangle and retest 10600 where OBV wave E could begin. 4. From 10600 we either pump or dump. Either way 10600 is critical to what comes next. Whatever happens it appears 10600 is coming, as price, OBV, and even RSI have bear diverenges.
History does not repeat, but it sure does rhyme.
As shown by the chart, price is way up in 2020 and on balance volume is way down which suggests the price action doesn't have shareholders behind it to justify it from a volume standpoint. Basically, suckers are bidding it way up while smart money that brings real volume is watching from the sidelines, if I'm not mistaken. I've compared OBV on other stocks and...
Looks like NASDAQ:MRNA is set for a bullish trend. The OBV has made new highs on lower price points. "Volume precedes Price"
FX:NZDUSD has recently rallied higher even though it is in a strong downtrend ( weekly lower lows ) . As indicated on the chart the weekly resistance and support levels. Price has reached and broken the first level on higher volume , but it has made a strong return to the downside when it reached the 0.5 Rib Retracement Line. Stop Loss can be set just above...
Crouching tiger, hidden dragon since 2017. Major resistance, going to be very volatile soon.
The US dollar has continued its breakout rally against the Japanese yen currency as risk-on trading sentiment in broader financial market improves. The USDJPY pair will turn technically bullish over the medium-term if price moves above the 108.30 resistance level. Traders should note that a breakout above the 108.30 resistance level could cause the USDJPY pair to...
Volume precedes price, except when it doesn't.
ERIE's chart seems to work on overbought levels. The chart mark the levels where the RSI is overbought, and when it goes back to under 70. Using these as signals have worked well in the past; of course past performance is no guarantee of future results; and Implied Volatility is over 400% higher. OBV has stayed in its upper channel ( Bull ) 200sma is working as...
OANDA:EURJPY I'll be entering with a break and retest of the previous major lows drawn on the chart (new higher low) :)
DCO has a beautiful looking chart! It has been in an uptrend channel since the beginning of 2017. (check chart for more details) Earnings report trend are usually positive surprises, that have maintained the trend so far. ------- I would consider entering a position if we brake SMA(50) on a daily chart, with strong volume. (currently at $45.3) Have a great...
Hi there. In this video I talk about the OBV+ with option to turn Histogram mode. I also updated (D7R) ACC/DIST+ with same Histogram. These scripts are my two goto when I want have an extra look at volumes beside the just naked analysis. Get it both at
CAH showing strong up-trending OBV, while forming a bull flag above the now support at $57.5 Earnings were a beat on result and guidance.
We have a clear 'Triple Top' and have created a neckline entry point, we have also gone below the 200 SMA and we have very clear Regular Bearish Divergence, take your profit in this golden zone which is the 50% and 61.8% Fibonacci retracement
Small TF small update: *Do notice OBV very bad movement atm... Weekly OBV also extreemly bad (As I showed on previous updates, it didn't change). * Also we were rejected by the 200e on daily. passing above it will shoot it up... * We are testing the hourly cloud too many times, it is also usually bad for the short term. * And to add to it we have hidden bearish...