One Year ago first full BEARISH CANDLE on CRUDE was drawing their initial Waterfall Corrective move from within a decade. Monday will be last daily component from this candle but as today, a beautiful WIDE Hammer is dancing near 2nd. BearZone Support for the 126 daily Fractal Deviation Band.
Oil Futures looks another quite harmonic trend "follower" for the 126 daily EMA as Vortex for the FRACTAL DEVIATION BANDS study.
All 2015 dancing just over the second Distribution band. Mmm...
Total Market ETF had closed week entering the "BearZone" for the 52w Price/Volume Pressure "Vortex" Average.
While testing with different Volatility BAND's within my PRICE/VolumePressure Indicators, it's funny how patterns come to live... Here at Monthly TOP's..! :D
1 - This is an effort to rise, but next candle is down. Not much result from the effort 2 - Narrow bar on new high and increasing volume: buyers are finding sellers up here 3 - Here we find support since the bar is narrow, volume increases and next candle is up 4 - Again, the effort doesn't produce a result and price falls, but the candle closes off the lows. This...
I bought United States Steel yesterday @24.99. Although yesterday's close confirms the test, the volume is low so the stock could rest again, but the background seems in favour of higher prices. Detailed analysis: 1 - A sign of accumulation: high volume candle with a narrow spread that touches new lows but closes on its highs. The next candle closes lower and...
1 - Downswing on increasing volume and tight closes: the accumulation phase started here 2 - Decreasing volume on down bars: sellers are exhausted 3 - Effort to rise on ultra high volume: market doesn't like this kind of candles because they could hide sellers, so the stock pauses to test supply 4/5 - Two tests of supply but the following candles failed to...
1 - Long spread candle on high volume that closes slightly off its lows, but the next candle is up on increasing volume. Notice also that the next candle touches new lows. Accumulation starts here 2 - A low volume narrow spread candle: lack of demand 3 - Again a high spread candle on high volume, the next candle touches new lows but closes higher: another...
1 - Downswing on increasing volume and tight closes: the accumulation phase started here 2 - Decreasing volume on down bars: sellers are exhausted 3 - Effort to rise on ultra high volume: market doesn't like this kind of candles because they could hide sellers, so the stock pauses to test supply 4/5 - Two tests of supply but the following candles failed to...
1/2/3 - Accumulation signs: down bar on increasing volume that close off their lows 4 - Strong sign of strength: after a series of tight closures on high volume, this candle touches new lows but demand enters and the candle closes up on ultra high volume. Next candle closes higher and confirms that the volume was buying activity 5 - Effort to rise candle on ultra...
Be careful: this is a low cap stock and the analysis below is purely technical. Please check fundamentals of the company. 1 - After a period of accumulation (high volume on down candle but little downswing and tight closures), we have an up-thrust on ultra high volume that closes on its low but next candle is up on high volume: supply/demand dynamic is changing...
1 - Sign of strength: Ultra high volume on down bar that close in the middle and the next candle is up 2 - Lack of selling pressure (very low volume on down candle) 3 - Long spread candle on high volume that closes near its highs: effort to rise 4 - Sign of weakness: ultra high volume candle that closes off its highs and the next candle is down. There still are...
The behaviour of the index suggests a bullish bias. Good time to look for long entries on single stocks.
I see that we've recently completed a short-term AB=CD pattern. It was actually structured extremely well, with price reacting to the Golden Ratios beautifully. What intrigued me, however, was how the Volume played a factor, at least retrospectively. I didn't point this out on my chart but here's how: From the bottom of A up towards to B, high volumes produced...