This is the chart that I use to trade the NASDAQ100 CFDs.I use hourly range charts to analyse the distribution of the market. Range charts make it easier to see the extremes in the chart. I also look at the time and the range of the hour. Statistically, 61.8% time market should range. Also, the market should stay in the same range 61.8% until the next day or session.
Draw your volume profile.
Mark the time of the day.
Price moves away from the mean as well as moves toward the mean. That is the characteristic of a normal distribution.
Hourlychart
Short squeeze by swing Trading with daily or hourly chartIt's simple to understand video on how you can profit from short squeeze by swing trading using daily or hourly or any intraday time frames. this video should help you understand how trade these kind of category stocks with potential. if anything to be clarified, please do write me back. Thank you.
Previous level analysisSee how after breaking the important support it broke down to almost 8% downside on Intraday basis itself.
Multiple times the support was tested and the circled candle on chart gave final breakdown.
The support line was drawn for analysis purpose before 8-9 trading sessions. Finally it broke down.
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Weekly Predictions (Mar 4 - 8)- Stochastic Oscillator dwelling in overbought territory
- Pair possibly in a downtrend
Weekly Predictions (Feb 18 - 22)- Price broke briefly below EMA (25, close) and returned above, the following candlestick
- Price neither overbought nor oversold
Weekly Predictions (Feb 18 - 22)- Price neither oversold nor overbought
- Recent consolidation above EMA (25, close), price was unable to break on the downside
- Price is now at recent highs, could form a double top or break above zone
- Price would need to close above zone on the daily or 4-hr chart
Weekly Predictions (Feb 11 - 15)- Price approaching strong support … Pair has only been able to cross once since June of 2017
Weekly Predictions (Feb 11 - 15)- Price retraced to 0.5 fib level, may continue on previous down trend
