Following a 95% correction and oversold condition (orange columns) on the above 1-day chart we now have an incredible buy opportunity. Some facts of the chart: 1) Regular Bullish divergence (blue line) between price action and money flow index. 2) Point (1) together with following increasing volume - bullish. 3) Hidden Bullish divergence (orange line) - this...
A Minervini Volatility Contraction Pattern (VCP) within a confirmed uptrend is a great way to identify super-performers ready to break out. The pattern shows price action with higher lows while volume is decreasing, signaling that sellers are dwindling and what is left are long term holders. With a little additional demand, and no supply, prices can accelerate...
about to complete its rounding bottom pattern with high volumes strength in momentum also. TARGET 1: 180 TARGET 2: 200 STOP LOSS : 150 **These are my personal observations. Please trade at your own risk.**
No one can predict the result of NVAX's phase 3 trial. However, I don't count out any potential winners in the vaccine race even though now it seems very likely that NVAX won't be the first one to distribute vaccines at massive scale. That being said, as long as the result of phase 3 trial isn't a complete failure, I think the crowd frenzy will keep pushing...
Bidvest tried to push above the previous resistance at R175 but failed on lower volume. This indicates an upthrust (UT) after distribution and opens the path for the markdown in Phase D to start. We are now looking for a break below the bottom of the trading range at R130 to open the path for a markdown in Phase E to even lower prices.
Quite a bearish setup, with bad China news on the headlines this morning, I see this stock pulling back to about 10$ demand zone. Not sure about the time horizons but on low volume it could be a red couple weeks on the way down. Thoughts? Stay safe (*This is not financial advice, for sake of discussion and illustrative purposes only*)
Horizontal volume levels seems to be broken trough by bulls. The moving average of 200 has been retested once, though might be retested once more. When "retouching" the MA 200 (in case of), there will be a confluence of large volumes and the MA, giving a strong trampoline effect. If this support will break trough, then we should look onto downward move with the...
Evening Traders, Today’s Analysis – EURAUD- impulse close above Local S/R, a bullish retest is probable, Points to consider, - Price Action Impulsive - Local S/R Support (200 MA Confluence) - Structural S/R Resistance - RSI Bullish Control Zone - Increasing Volume EURAUD’s immediate price action is impulsive above Local S/R, holding these regions allow...
More price corrections might come
Find out how you can use volume spread analysis to time the market when day trading S&P 500 futures (ES) in the trade review section. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 30 Nov 2020 trading session. In this video, you will find out the market recap during the last session and a trade review in...
Please tell with me why shouldn`t I drop some money into this? Look at that volume profile compared to ath, price hardly moved anything. Back to ath is 15k% from here, crazy potential.
SPX is showing delta volume divergence and we might see retracemeant to VPOC, if VPOC is broken we will reach T2 (Previous swing high)
Description: An analysis for the week ahead. Points of Interest: $3,631 High-Volume Area, $3,655 and $3,668.75 Rally Highs, $3,620 and $3,610 Nodes. Technical: After an initiative drive alongside news that provided clarity on the election transition, participants recovered the $3,580 balance-area boundary, invalidating the prior week’s selling activity....