Technical Breakdown on US100 Cash (NASDAQ CFD) – 1H Timeframe using Volume Profile, Gann, and CVD + ADX
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 19,964.8
Value Area Low (VAL): 19,799.3
Point of Control (POC): 19,936.4 (current session), 19,817.5 (previous session)
High-volume nodes: 19,850 – 19,950 (sustained consolidation and acceptance)
Low-volume gaps: 20,000 – 20,070 (inefficient move up; could act as a magnet on retrace)
b) Liquidity Zones:
Stop clusters likely at:
Above 20,125 (recent high and breakout level)
Below 19,800 (previous rejection and consolidation)
Absorption zones: Near 19,820–19,850, where strong wicks and CVD upticks indicated passive buyers stepping in
c) Volume-Based Swing Highs/Lows:
Swing High: 20,125.8 (sharp rejection, low follow-through volume)
Swing Low: 19,713.4 (high absorption, spike in CVD)
d) CVD + ADX Indicator Analysis:
Trend Direction: Bullish (CVD rising, price confirming higher highs)
ADX Strength: ADX ~22, DI+ > DI- → Confirmed uptrend
CVD Confirmation:
Rising CVD + rising price = strong demand
Momentum stalling near 20,125, signaling potential short-term pullback
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 19,799.3
POC: 19,936.4
Swing low: 19,713.4
Resistance:
VAH: 19,964.8
Swing high: 20,125.8
b) Gann-Based Levels:
Recent swing low: 19,713.4
Retracement levels (from 20,125.8 high to 19,713.4 low):
1/3: 19,850.9
1/2: 19,919.6
2/3: 19,988.3
3. Chart Patterns & Market Structure
a) Trend: Bullish (ADX > 20 with CVD and price agreement)
b) Notable Patterns:
Bullish channel breakout forming
Retest of 19,936 POC aligning with previous breakout level
Potential continuation pattern (ascending wedge forming within purple projection channel)
4. Trade Setup & Risk Management
a) Bullish Entry (CVD + ADX confirm uptrend):
Entry Zone: 19,925 – 19,940 (POC + Gann midpoint)
Targets:
T1: 20,070 (gap fill)
T2: 20,125 (recent high)
Stop-Loss (SL): Below 19,799 (VAL / swing low)
RR: Minimum 1:2
b) Bearish Entry (If rejection near swing high + falling CVD):
Entry Zone: 20,120 – 20,125
Target:
T1: 19,936 (POC)
Stop-Loss (SL): Above 20,150
RR: Minimum 1:2
c) Position Sizing:
Risk only 1-2% of capital per trade
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 19,964.8
Value Area Low (VAL): 19,799.3
Point of Control (POC): 19,936.4 (current session), 19,817.5 (previous session)
High-volume nodes: 19,850 – 19,950 (sustained consolidation and acceptance)
Low-volume gaps: 20,000 – 20,070 (inefficient move up; could act as a magnet on retrace)
b) Liquidity Zones:
Stop clusters likely at:
Above 20,125 (recent high and breakout level)
Below 19,800 (previous rejection and consolidation)
Absorption zones: Near 19,820–19,850, where strong wicks and CVD upticks indicated passive buyers stepping in
c) Volume-Based Swing Highs/Lows:
Swing High: 20,125.8 (sharp rejection, low follow-through volume)
Swing Low: 19,713.4 (high absorption, spike in CVD)
d) CVD + ADX Indicator Analysis:
Trend Direction: Bullish (CVD rising, price confirming higher highs)
ADX Strength: ADX ~22, DI+ > DI- → Confirmed uptrend
CVD Confirmation:
Rising CVD + rising price = strong demand
Momentum stalling near 20,125, signaling potential short-term pullback
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 19,799.3
POC: 19,936.4
Swing low: 19,713.4
Resistance:
VAH: 19,964.8
Swing high: 20,125.8
b) Gann-Based Levels:
Recent swing low: 19,713.4
Retracement levels (from 20,125.8 high to 19,713.4 low):
1/3: 19,850.9
1/2: 19,919.6
2/3: 19,988.3
3. Chart Patterns & Market Structure
a) Trend: Bullish (ADX > 20 with CVD and price agreement)
b) Notable Patterns:
Bullish channel breakout forming
Retest of 19,936 POC aligning with previous breakout level
Potential continuation pattern (ascending wedge forming within purple projection channel)
4. Trade Setup & Risk Management
a) Bullish Entry (CVD + ADX confirm uptrend):
Entry Zone: 19,925 – 19,940 (POC + Gann midpoint)
Targets:
T1: 20,070 (gap fill)
T2: 20,125 (recent high)
Stop-Loss (SL): Below 19,799 (VAL / swing low)
RR: Minimum 1:2
b) Bearish Entry (If rejection near swing high + falling CVD):
Entry Zone: 20,120 – 20,125
Target:
T1: 19,936 (POC)
Stop-Loss (SL): Above 20,150
RR: Minimum 1:2
c) Position Sizing:
Risk only 1-2% of capital per trade
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.