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....
After the 26th retracement, volumes on a day time frame are decreasing, which diverges from this uptrend we're getting in the 1-4 hours time frame. If today's candle closes red, then we'd have the confirmation of the change of trend in the short terms because it should be indicating a trend reversal in the short trend (1-2 weeks) with a re-test of 0.45 levels,...
Here you can see in a daily chart that volumes are decreasing and if this last candle close red, then we'll create a lower high which could confirm the reverse of the trend for the short term.
OANDA:DE30EUR Resistant2 = 13497 - 13830 Resistant1 = 13222 - 13300 Support1 = 13019 - 13057 Support2 = 12684 - 12720 Look left to Sep 2020, price is now approaching a resistance area. Caution: If volume remains low, look out for possible reversal.
OANDA:NAS100USD Resistant2 = 12333 - 12467 Resistant1 = 12053 - 12129 Support1 = 11507 - 11579 Extremely low volume observed. Let's see when market resumes on Monday.
OANDA:XAUUSD Price finally broke down and closed at 1787 Price areas that may be tested are: 1807 - 1813 1737 - 1748 POC: 1714 - 1720
HS1! Bar 1 Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar. The breakout is not convincing Bar 2 Another breakout attempt, but made a lower high than bar 1. There is some demand as price close slightly above middle of the bar. Reason for caution is that although the top of the...
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Solid technical setup for a sell on $AUDUSD. Would perform well if risk gets sold into year end.
Preference for Sell because we're on top of ranges. But Volume showing for buy?? CHFJPY
Price : 16,900 USDT Expected Return: 47% Risk/Return: 0.45 Support_LVL I: 15,800– 16,000 USDT Support_LVL II: 13,800– 14,100 USDT TP_LVL I: 21,000 – 21,500 USDT TP_LVL I: 25,000 – 25,100 USDT SL: 13,000 – 13,100 USDT
Could be Set 1 & set 2 play. Because we're on top of resistance & buyer look struggling going up. Need temporary sell happen to have better price before recharge to long?? FX:AUDCAD
We've reached the top of a channel that has been forming since October 2019 and we're decreasing in volume indicating a potential reversal of the impulse since Early November. This could mean a correction, short term to the middle of the channel before bouncing back off to the top or continuing to the bottom. I'd give this a short leash to see how this level...