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Breadth Indicators

London Stock Exchange (LSE)A 2300% gain and following overbought condition (green column) there now exists a 16 month bearish divergence between price action & RSI on the above 10-day chart. Time to collect profits. Sell out between current price action until 10.5k, no rush. Target price? For as long as the RSI resistance exists price action will likely fall through and until 2023. 1st target 4400 2nd target 2000 Fundamentally as a business LSE provides a variety of financial services. Many of them to EU located individuals and businesses. Since the UK left the EU much of that trading business has and/or will continue to move to another EU country. As the UK opted for self inflicted economic sanctions (a world first?), charts are now showing a number of EU owned UK based businesses with similar divergences. Most notable within Financial services and Engineering businesses.
LShort
by without_worries
4
OBV & ETH - Charts don't lie. Banksters and politicians do...So, if you are new to the markets you might not know. If you are old, you do. Wall Street uses "weapons of mass destruction" against the average person. And banksters are running the world printing money enslaving the youth and developing nations. The world is voting with their wallets and are converting their worthless government IOUs (FIAT, dollar, pesos, rubles etc) to True and Honest Money. And crypto assets, unlike physical gold and silver, DOES NOT NEED AN ARMY! There is no physical gold to hide or protect. All you need to remember is 12 to 24 words per cold crypto wallet (or have them stored in a bank vault in a way that nobody would know it's your recovery secret phrase for your wallet, ANYWHERE IN THE WORLD! Self control of your wallet is self control of your destiny. Knowledge and truth is pure energy for good. Manipulation and bad actors are evil energy that needs to be purified. Bitcoin, the Crypto King, and Ethereum ETC, the crypto Queen are dominating. The world just doesn't know. Yet. The crooks in charge of world fiduciary duties have failed. They are being voted out. Trust the charts, trust yourself and verify everything else. An open, honest, verifiable ledger is the world savior from the toxic bomb set off in 1971. 50 years later, we have debt jubilee. Welcome Physical Bitcoin! Welcome Physical Ethereum. Bye, bye crooked Wall Street, CME, LME and all the scum in between us and our money and investments! TradingView is the world leader in providing amazing data. One indicator seldom used to detect market manipulation is OBV. Let's look at that in this tutorial for New World Honest Trading Views! OBV clearly tells us Ethereum is bullish for the last 10 days although the price has been suppressed. What happen next on break of resistance. Let's make this a teaching moment for all your readers. There are NO WRONG answers, just different points of views. Based on analysis on the latest good data you have and let's chat here! Thank you Bitcoin, Ethereum and TradingView and all the good rocket scientists out there. The new World "Law Makers and Regulatory Viewers". And Rocket Launchers and Landers! LOL JustCharts! WOW! Wild $T1mes alright!
BITSTAMP:ETHUSDEducation
by UnknownUnicorn2413721
1
UNDERSTANDING PRICE ACTION USING FIXED RANGE VOLUME PROFILE Hello Tradingview, Thank you so much for providing traders such a beautiful platform and it will not be an exaggerating that you are the idea master as your idea for adding community and allowing users to interact with each other and sharing knowledge with each other has changed the of trading of many. Today I want to write something about one of your great addition to the system , that is FIXED RANGE VOLUME PROFILE which I believe would help many either in taking decisions or to filter the confusion. The terms to be used in short What is Volume Profile? Volume profile is a charting feature (or indicator) that shows the traded volume amount of an asset, over a specified period at certain price levels. Volume profile shows this data as a histogram in a Y-axis (vertical) next to price levels. volume profile uses the past traded volume and all of the strategies and plans are coming from historical data. POC -- Price Of Control, The point of control is simply the price at which the largest trading volume has been made over a period of time (buy/sales). This point is a rare point in the market because it is an indicator that can be observed before and not exactly when the price change occurs.POC or Point of Control is the highest volume node on the volume profile. The point of control is the longest volume bar on the volume profile and there are lots of volumes transacted there. Traders use POC as support and resistance or an important retest point. Value Area (VA) A Value Area or VA is where 70 % of the volume is located in the volume profile. Determined from surrounding nodes of POC. In this area, the volume profile gets a little complicated. what this means is that 70 percent of total volume transacted on the chart had occurred cumulatively at these price levels which are called Value Area or VA. The Value Area is a Market Profile concept. This is an area demarcated by 2 prices which bound the "most traded in" part of a time period. Technically the value area is 1 standard deviation away from the most traded at price which is the price which has the highest number of TPO's. This price is also known as the Point of Control (POC). Each time that the market trades at a price during a half hour bracket a letter is added to that price (one per half hour) and a vertically aligned bell curve is created. The middle chunk of that chart is the Value Area. Typically, the upper and lower prices of the Value Area, know as Value Area High (VAH and Value Area Low (VAL) are seen as support and resistance lines - in their simplest terms. Developing Point of Control (Developing POC)-- A Developing Point of Control is a change of POC over time. As a POC can change over time, you can see the change by looking at the Developing POC line and what it was in the past. Developing Value Area (Developing VA) A Developing Value Area is a value area that is changing over time. As the value area changes over time, you can see the change by looking at Developing VA. Developing VA is determined on the price action and is shown by two lines which show both Value Area High and Value Area Low over time. Volume Profile Rules You can identify market states with a volume profile. When you found out what market state you are in, these rules tell you what to look for in volume profile in different market states. If the price is consolidating (ranging price): Value Area will be located in the middle of the volume profile. The price will bounce between HVNs and LVNs If the price is trending upward (uptrend): The value area will be located at the bottom of the volume profile. The price will likely retrace to Value Area High If the price is trending downward (downtrend): The value area will be located on the top of the volume profile. The price will likely retrace to the value area low. Clearance A Clearance is an area in the volume profile in which only LVNs are located, and there are no HVNs(high volume node) on that area. If price enters, this territory expects the price to fall or rise very quickly until it hits a significant HVN.The strategy is when you see the price is going up or going down and it goes through major HVNs; it shows you the momentum is on that side. You should wait until the price goes through HVNs successfully and arrives in a zone in which lots of LVNs (low volume nodes) are there. You can buy (if the price is going up) or sell (if the price is going down) through the LVNs.(literature copied from the internet). Now if we analyze US 100 chart with this strategy, from the weekly chart, taking last 20 weeks as history, we see that POC line becoming 14990 and it was hovering around 200 points since last four weeks, but could not break the POC. Fibonacci level 2.272 is coming at 15422 and this beautiful FIXED RANGE VOLUME PROFILE is indicating that a new value area is developing around 15443, and here this indicator becoming special from other indicators as we have got a point 14990 as POC, which will act as a long term support, fibonacci level 2.272 , at 15422 will act as an immediate support if it gives a close above it today as it will be a daily close along with a weekly close.And this move can be considered as a real break out, not fake. This indicator becoming special for this kind of market behavior where either new highs are forming continuously or new lows are forming continuously , I mean where traders becomes confused and make a mistake . Finally hopes start trading waiting & waiting and often ends in a tragedy. I believe from the above logical calculations, a conclusive assumption can come out that it will be a buying call which can be more profitable rather to sell like a gambler. And coming to this conclusion, the contributions of this indicator is worth praising. Thank you once again Tradingview.
UEducation
by Somanathrout
SUSHI/USD looking good to me... Hay All Traders, I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... At this time, I do own a small amount of this coin! I'm looking at the daily chart and putting on my version of the RSI, and yes, it has a lower lowered, but it's still hodling the overall trend. With my version of MACD, it's still red, but I'm looking at the bars at the top, it's popping out of the "Linear Regression," my look back is the last 100 days and 10 days, and I'm using Linear Regression as support and resistance. And looking at the 1H chart, it looks even better to me!
COINBASE:SUSHIUSD
by ADHDing_
Overbought weekly RSI with (daily) divergence in OBV and RSI14As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try to make the trade even bigger! ;) Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
NASDAQ:MSFTShort
by suissedivergence
1
BTC is going to be Bullish? Ichimoku & EMA say so .typo correction ***EMA500=> EMA200*** ***EMA200=> EMA 50*** IMHO, we are going to change the trend to bullish. 29000-31000 are retested several times and too much strong to be broken since there are too much buy order.... we need to reach 35000 USDT to ensure the Bullish market is started. Golden Cross (in 4Hrs TF) would happen by End of July. That's very good news although i am waiting to see Golden cross in daily chart during August end or September beginning. Strong Supports & resistances are defined by completed lines. weak Supports & resistances are defined by Dashed lines. *****Please comment and let me know your idea**** Thanks :)
Long
by HamedMaleki
3
Potential 10% or 20% MARKET CORRECTION sooner than we think...Hi guys this is my first time taking a deeper look into economies and their correction cycles so please forgive me if there are a few things I'm missing. I have mainly been a fundamental long-term stock investor for the past 6 years. However, over the past 2, I've taken a liking to chart technical analysis. So if you have any constructive feedback I'd actually appreciate it. Today I'm looking at the SPCFD:SPX Brad's Confidence Meter: ★★★☆☆ Chart Key: Wave 1 = 2018 correction Wave 3 = COVID-19 event Wave 5 = Possible 2021 correction Blue Pin = S&P 500's average correction range (1.84 YEARS) Looking at the chart… You can see that I have a drawn an Elliot Wave. It is clear that waves 1 and 3 were definitely impulsive waves therefore I believe we might be seeing the top of our next impulsive wave 5 in the coming month. Furthermore, one of the main points I would like to make is that typically when a Breadth Indicator is rising and the stock index is rising, it shows there is strong participation in the price rise. This means the price rise is more likely to sustain itself. However, in this case, we can see the breadth indicator and the index going in opposite directions (a divergence), which may be a big warning sign for a major reversal. Beyond the chart... History suggests that a correction is about due. With the average correction being every 1.84 years. Even though markets don’t always adhere to averages we can still look at this range as a blueprint. The S&P 500’s Shiller P/E ratio is 37.99. Well and truly above the index’s mean of 16.84. US inflation rates are at highs that haven't been seen since before the crash in 2008. The Fed will soon have to reign it in and increase its lending rates to decrease inflation. Margin debt is peaking at all-time highs. Historically there has been a spike in margin debt before extended bear runs in this last century. As dark as this prediction may seem it is not all gloomy clouds ahead. I look forward to seeing this play out as corrections bring new opportunities to make greater wealth. Not financial advice. Be safe and good luck! ~ ~ ~ Relevant links for support. www.marketwatch.com qz.com www.multpl.com
SP:SPX
by dekudekudeku
Potential 10% or 20% MARKET CORRECTION sooner than we think...Hi guys this is my first time taking a deeper look into Economies and their correction cycles so please forgive me if there are a few things I'm missing. I have mainly been a fundamental long-term stock investor for the past 6 years. However, over the past 2, I've taken a liking to chart Technical Analysis. So if you have any constructive feedback I'd actually appreciate it. Brad's Confidence Meter: ★★★☆☆ Looking at the chart… You can see that I have a drawn an Elliot Wave. It is clear that waves 1 and 3 were definitely impulsive waves therefore I believe we might be seeing the top of our next impulsive wave 5 in the coming month. Furthermore, one of the main points I would like to make is that typically when a Breadth Indicator is rising and the stock index is rising, it shows there is strong participation in the price rise. This means the price rise is more likely to sustain itself. However, in this case, we can see the breadth indicator and the index going in opposite directions (a divergence), which may be a big warning sign for a major reversal. Beyond the chart... History suggests that a correction is about due. With the average correction being every 1.84 years. Even though markets don’t always adhere to averages we can still look at this range as a blueprint. The S&P 500’s Shiller P/E ratio is 37.99. Well and truly above the index’s mean of 16.84. US Inflation rates are at highs that haven't been seen since before the crash in 2008. The Fed will soon have to reign it in and increase its lending rates to decrease inflation. Margin debt is peaking at all-time highs. Historically there has been a spike in margin debt before extended bear runs in this last century. As dark as this prediction may seem it is not all gloomy clouds ahead. I look forward to seeing this play out as corrections bring new opportunities to make greater wealth. Not financial advice. Be safe and good luck! ~ ~ ~ Relevant links for support www.marketwatch.com qz.com www.multpl.com
FRED:SP500
by dekudekudeku
7
Price Action Similarities between the NASDAQ and BitcoinThere is a lot on the main chart but lets go through it directly: Both had a parabolic run up and Over 80% corrections Both Created a W pattern with a higher low around the 0.236 retracement level from the height to initial low BTC intermediate high stalled at the 0.786 while NDX intermediate high was around the lower 0.500 (not shown on chart). Consequentially NDX did not show the same bullishness and perhaps that is why the subsequent uptrend was not as impulsive Both Stalled briefly at the previous high (the 1 level) BTC had a very neat consolidation at the 1.271 and 1.414 levels level while NDX showed a lot of chop BTC entered a clear distribution at the 1.618 Level Forecasting The primary supposition based on this chart is that NDX will enter a technical distribution pattern as BTC did and this process can take a long time. Below is a scenario that I could see replay. Previous resistance gets turned into support and then sets up the trendline of the bull trap. You can see this al over the place when parabolic moves end and there is a fair chance we will see it again. The time measurement on the chart shows from the time the price broke free of resistance until the bull trap was in. We may run into a lot of the same narratives with NDX as we did with BTC. People expecting a blw off top like the 00 bubble pop. Or "Printer go brrrrrr" type analysis. Side Rant It is sadly impressive how people can develop for themselves a system to determine their bias in trading whether to go long or short on a time frame but still get completely torn up and don't get the message. Below is a very important chart for NDX and if you follow me even somewhat closely the system should be recognizable. There is the VSTOP, the VSTOP X3 timeframe, the 20W and the MACD. When the VSTOP, MTF VSTOP and 20M are all below price action it is a clear sign that the macro trend is bullish. You should be taking longs and taking profits. To be honest I took some calls on SQQQ that paid well and some that did not during the last couple of months and it really wasn't worth the stress so I stopped. To continue that point I have seen lots of crypto traders on Youtube or Trading view that had systems that the have appeared to abandon. They were going to be bearish if BTC slipped the 21 EMA or the 20w SMA.... And now they are bullish again somehow despite price action still being below the moving average. Traders that clearly saw the 2018 descending triangle cannot see the head and shoulders. People that used MA cross overs to determine bias have abandoned that, people that use the cloud have abandoned that because they are stuck on a bullish bias even after their systems tell them not to. Same with cloud traders. The cloud for bitcoin is flipped bearish on the daily or three daily and these traders are looking to go long on the 4h chart. Madness. Back to the analysis Since NDX is at a major target level this could be where a trader or investor decides to rotate some of their portfolio out of growth stocks. Into what I recommend anything as I am not a financial advisor. In this system you would not contemplate going short without a clear distribution pattern on the weekly timeframe that could take months or until the VSTOP flipped and then you would short into strength. Once the MACD crosses and price is below all the indicators it is a full multi-year bear market. If (and that is still a big if) we do flip the monthly to a bearish bias the target for the next major consolidation is the 200 month EMA/SMA. Conclusion It is a "big if" if I am correct in several ways. It may take a month or so for this to get shorted out and lots of people may get surprised by an upward trust after distribution. I can see a lot of people getting torn up because they take shorts too soon, or get timed out of their option calls. Relief rallies can blow a bunch of shorter out of the water.
TVC:NDQShort
by This_Guhy
7
Eurusd buy uptrend The currency pair is trading in the support zone of the price channel . The trend support is strong enough, the last three tests were rejected by the rebound. Now, on retest, the price rolls back to the nearest resistance, upon breakdown of which and consolidation above this level of 1.1842, it activates purchases. The key point to which the price can reach, if the trend does not break - resistance 1.217 ——————— ❗️10 / 11 last EURUSD ideas come TRUE ❗️ ✅EURUSD №1 ✅EURUSD №7 ✅EURUSD №2 ✅EURUSD №8 ✅EURUSD №3 ✅EURUSD №9 ✅EURUSD №4 ❌EURUSD №10 ✅EURUSD №5 ✅EURUSD №11 ✅EURUSD №6 ———————
Long
by fxpremiere