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Climax

🟨 Climax Run - $TLRY exampleI have covered this in my education blog, but here is a great example of a Climax Run Stock Checklist ✅ Price looks almost vertical ❌ Run occurs after at least 18 weeks of the first base. (This run is 5 weeks after first base) ✅ Rapid advancement +180% ✅ Last 8 days before drop was 7 out of 8 days up ✅ Last 2 trading days we saw the largest trading range ❌ Stock is not extended above 200d MA - since no 200 days of trading (early IPO) ❌ No Stock splits
NASDAQ:TLRY
by TintinTrading
2
TESLA - Steadily declining volume in the rally (NOT a good sign)Among my friends and acquaintances, I have been known as a Tesla perma-bull for years. So far, this has been quite a comfortable position. Today, however, I noticed something in Tesla's macro chart that has me a bit worried. On the one hand, my Parabolic Exhaustion Indicator hit the alarm at the high in both the Daily and Weekly. This alone indicates with increased probability at least a temporary correction. But what I consider more dangerous is that the rally since March 2020 (70 USD to over 1200 USD) has taken place under steadily declining volume. As early as the 19th century, Charles Dow established the theorem in his Dow Theory that a trend should be confirmed by rising volume. I will not switch from the bull to the bear camp now - I personally would not short Tesla. However, I am now much more cautious with new positions in the stock. The danger of a selling cascade is given. What also makes me question the sustainability of further rising prices, is the absolutely no more increaseable hype around Tesla and Elon Musk in the social media. Who is still buying? Are not ALL long Tesla already? Many with a larger position size than they should? Tesla stock is highly emotional, and that in itself already carries an increased risk for high volatility. At least something to think about, despite all the bright visions of EVs, autonomous driving, robo taxis, turning the energy market around, etc. and the fantastic execution.
NASDAQ:TSLA
by UniqueCharts
3
Waiting for Climax Bar and FakeoutHere I will wait climax bar, it is a big candlestick in the last of strong impulse after consolidation in lower time frame. Yes, the price showed consolidation in lower time frame. In the TF 240, the candle form inside bar. The price will go down for the last to break the support for fakeout. Why the price will do this, because the Institution traders need liquid area for taking their profit, and lower than the support is where a lot of stop loss is set. To make sure, we need to check in lower time frame when the price get close with the zone. If the price show decreased momentum, the reversal surely will come. If not, don't trade, but I already set limit buy. It's worth risking to set it in the right zone.
Long
by Pricey_Action
BTC - Trend reversal? - Maybe the end of this parabolic move Hello guys, I wanted to share my idea about the future of the crypto market. We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges. There is a wisdom in trading: Volume never lies! This not means it is over at all, but for this trend, we have a reversal. It is time to take profit and enjoy life. Have a good time. Some facts about climax (source investopedia): -A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements. -Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms. -Essentially, climaxes are a result of supply and demand factors.
CRYPTOCAP:TOTALShort
by pwnXBT
7
ZECUSDT Falling Wedge| 00 MA Support|Local S/R Flip|Bullish DivEvening Traders, Today’s second analysis – ZECUSDT- trading in a falling wedge pattern that typically breaks bullish, Points to consider, - Price Action Bullish - Local S/R Support - Swing High Target - RSI Divergence - Volume Influx ZECUSDT’s immediate price action is bullish trading towards its apex, this allows us to have a bullish bias on the market. Local S/R is in confluence with the 200 MA as support that has been respected, breaking this level will negate our bullish bias. The swing high is immediate target, breaking above will establish a new local high and increase the probability of trend continuation. The RSI has a valid bullish divergence, this signals momentum shifting in the immediate short term, There has been a valid volume climax node, climactic volume usually is indicative of a temporary bottom being set. Overall, in my opinion, ZECUSDT is a valid long with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Long
by AzizKhanZamani
1
NZDCHF Oversold Bounce| Structural Resistance| Bearish Retest Evening, Today’s analysis, NZDCHF respecting the 2.618 Fibonacci Extension with the next projected trade location at structural resistance Points to consider, - Oversold bounce recovery - Structural resistance retest - 21 MA breached - RSI swing low failure NZDCHF’s oversold bounce recovery is projecting structural resistance to be tested. A bearish retest is likely at this level where a short trade is plausible. The 21 MA has been breached; a back test is probable if price is rejected from structural resistance. The RSI has a valid swing low failure; this solidifies the strength of the bounce back into structural resistance. Overall, in my opinion, NZDCHF is on track for a bearish retest. A short trade at this level is valid with defined risk above recent swing high. What are your thoughts? Please leave a like and comment, And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Short
by AzizKhanZamani
2
Netflix Blue Sky Breakout| S/R Flip| Fibonacci Targets Evening Traders, Today’s Technical Analysis – NFLX – confirming an S/R flip, on the verge of a blue sky breakout if local high gets taken out. Points to consider - Trend broke key resistance (S/R Flip) - 1.414 Fibonacci Extension Respected - RSI above 50 - Stochastics projected down - Volume climax evident NFLX’s trend has breached a key level confirming an S/R flip; it has tagged the 1.414 Fibonacci Extension, marking the temporary top. The RSI is currently above 50, indication of a bullish bias whilst the stochastics is projecting down with no official buy cross. Volume climax is evident; price is trying to establish its equilibrium in this new range before its next impulse move. Overall, in my opinion, if NFLX takes out its local highs, it will continue its blue sky breakout. However a breakdown and close below the S/R flip region will establish this being a false break. The local support retest provides the best R/R trade for Netflix at current given time. What are your thoughts? Please leave a like and comment, And remember, “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” ― Yvan Byeajee,
NASDAQ:NFLX
by AzizKhanZamani
CGC New Range| Structural Support/Resistance| S/R Flip Evening Traders, Today’s Technical Analysis – CGC - impulse move into resistance where CGC is likely to range trade. Points to consider, - Macro trend bearish - Resistance confluence - S/R Flip retest - RSI above 50 - Volume climax CGC’s macro trend has been putting in consecutive lower highs with a recent sell of ending with an oversold bounce. Currently testing structural resistance which is in confluence with the 200 MA, a rejection is probable. This will likely lead to a retest of support, confirming the S/R Flip RSI is above 50, cooling off from oversold conditions whilst the stochastics is trading in the upper regions with a sell cross coming to fruition. Volume climax is evident, indicating temporary bottom may be in as CGC finds its equilibrium Overall, in my opinion, CGC is likely to trade in this range before another impulse move. CGC’s general immediate trend can be determined by the break of either of the key support and or resistance level. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
C
by AzizKhanZamani
4
MATIC Symmetrical Triangle|Resistance confluence|Volume ClimaxEvening Traders, Today’s technical analysis will focus on MATICBTC, breaking out of a symmetrical triangle with strong bull volume, currently facing resistance from the 200 EMA. Points to consider, - Macro trend bearish - True pattern breakout - 200 EMA is local resistance - Retest of local support probable - RSI in overbought region - Stochastics in upper region - Volume climax evident MATIC’s overall trend is still bearish with consecutive lower highs in place; it must break and consolidate above the .382 Fibonacci to establish a new higher high. A true breakout of the symmetrical triangle came to fruition with strong convincing bull volume. This volume must sustain for further upside momentum. The 200 EMA is currently local resistance, MATIC is likely to retrace from this level back for a retest of local support. The local support aligns with the .618 Fibonacci drawn from the 200 EMA resistance. The RSI is currently in overbought conditions, a return to neutral territory is probable if a retrace comes to fruition. Stochastics on the other hand is floating in the upper regions with lots of stored momentum to the downside. A volume climax node is evident; engulfing all previous nodes, bull volume follow through is needed to break resistance confluence. Overall, in my opinion, MATICBTC is likely to come and retest local support; this will allow the RSI to cool off before the next impulse move back and above the 200 EMA. What are your thoughts? Please leave a like and comment, And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
MLong
by AzizKhanZamani
CME Futures Open Gap| BTC Correction ?Hello Traders, Today’s chart update will be on the CME Futures chart, which has an open gap that with a high degree of certainty will get filled. Points to consider, - Trend topping out - Structural resistance hit - Support zone being tested - Stochastics projected down - RSI approaching support - Increase in bear volume - EMA’s crossing bearish The trend seems to be topping out as BTC has evident volume climax bars at a very key technical level, the structural resistance. The support zone is currently being tested, must hold for a confirmation of the S/R flip. Stochastics is currently projected downwards, can stay in lower regions for an extended period of time, however lots of stored momentum to the upside. RSI is approaching its support, in neutral territory, this support will help determine direction of the trend. There is a clear influx of bear volume, signalling that seller are currently in control as price failed to break resistance. The EMA’s are on the verge of crossing bearish if current support level does not hold. Overall, in my opinion, BTC will fill the open gap sooner rather than later, this is very evident in historic price action. What are your thoughts? Please leave a like and comment, And remember, “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” Yvan Byeajee
CME:BTC1!Short
by AzizKhanZamani
BTCUSD Critical Point | 200 MA | Oversold Bounce Hello Traders! Hope you all had a great weekend, Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias. Points to consider, - Daily trend bearish - Price testing structural resistance - Price below key moving average - Stochastics in lower region - RSI levels oversold - .50 Fibonacci acting as resistance - .618 Fibonacci is local support - EMA’s both resistance - Volume declining after climax Bitcoin is trading at a very key region, right below the 200 moving average which is in confluence with structural resistance and the .50 Fibonacci level. The daily trend is considered to be bearish as we have not put in a higher high coming out of the bearish descending triangle . The stochastics is well below in lower regions, flattening out; we need to see it show an upper projection. This can be in confluence with the RSI , being way oversold at current time; an oversold bounce may be probable to cool off both these indicators… The Fibonacci levels are quite interesting, the .50 as mentioned before is now a key resistance level , and the 200 moving average coming over price at current given time makes this area of very strong resistance. The .618 Fibonacci level is considered as local support, price is more probable to quickly reach this region if the 200 moving average does not get broken… Volume is declining after volume climax’s, this shows that a volatile move will be at play, we could see a Bart move back and over the 200 MA and or another flush down, to local support, the .618 Fibonacci level… What are your thoughts? Will BTC break this critical resistance level or flush down to local support? IMO it’s pretty risky at current given time, we don’t have a clear direction however, few indicators are over extended, thus a oversold bounce would be more probable… Please leave a like and comment, And remember “A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” – Martin Schwartz
BYBIT:BTCUSD.PLong
by AzizKhanZamani
3
JSE:COH Curro Climatic ActionCurro has been in a markdown for some time (see previous post below). We now see some buying volume stoping the decline. Following the Wyckoff theory, the selling climax (SC) indicates the start of a trading range (TR). This could be another stepping stone in the markdown or is it the start of an accumulation TR. But for now, we can expect the stock to be range-bound for some time. After the SC we can expect an automatic rally (AR) back to the previous breakout level.
JSE:COH
by SteynTrade
BYND Buy Climax - Bull Profit TakingBYND broke out to a new all time high last week and tested above the 200 level where there was profit taking. Last week became a buy climax and prices are currently testing below the bottom of the climax. When a climax forms, prices often correct in two legs sideways to down (or up with a sell climax). However, there is still an open bull gap around 163. If this week closes on its low for a two bar reversal the gap will likely be filled and the bears will get two legs sideways to down before the bulls will look to re-establish longs, and a broader bull channel forms. The next obvious support level is the 120 large open bull gap. If instead prices continue to rally into the close of the week tomorrow, bulls will likely look to take profits around last weeks close. If you found this helpful please like! Feel free to comment or ask questions.
NASDAQ:BYND
by tradersmentality
ABBV Sell Vacuum - Understanding Climaxes and VacuumsABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to hold for the same price level (and some continue to sell). This creates a temporary one sided market. This sell off is likely a test the previous converging triangle, and middle of the trading range preceding the bull breakout. The bulls will look to form some sort of double bottom which could be a failed breakout below the 60 or 50 lows, or an actual double bottom. If there is a reversal up next week, it would form a parabolic wedge bull flag, bears will look to take profits and bulls will look to re-establish longs. If instead there is continued selling and a strong breakout below the 50 low, the bears will likely get a test of the opening tight trading range around 40. If you found this helpful please like! Feel free to comment or ask questions.
NYSE:ABBV
by tradersmentality
Ethereum - A Crypto Markets Catalyst?Ethereum has always kind of been serving as a catalyst for the altcoins market. And if ETH starts to move up, you can bet that many of the ERC20 tokens and some of the other altcoins will follow as well, and even faster than ETH. Volumes - if we look at the Binance chart, the place where ETH is most traded - is showing a climax bottom If a market arrives on a new low while volumes reach a new high, then this hollow has good chances of being retested , or even overrun. A climax bottom is almost everytime retested upon low volumes, offering an excellent buy opportunity. Also, we can see this kind of pattern happening before, creating an upwards volume curve before the storm. Stochastic - On the weekly, stochastic is extremely bullish. There is a lot of room for price to make up from its losses. If it can keep its price around 35000 Satoshis it will be a sign of an upcoming uptrend towards the 50 days moving average which is at 45k satoshis or even higher. But what is also going to bring the price higher is CBOE Launching futures contract in the upcoming months , a recent News that could bring new players into the game. Thank you for reading, leaving likes and commenting. My Website: blockchainfiesta.com
Long
by cyatophilum
Selling climax Last friday we saw another failed attempt from bulls to take over the market. The result was this daily shooting star candle, signaling the beginning of the downtrend. The 0,5 angle is now acting as resistance and next target is at least on the 0,382 angle below. My short signal is active on the weekly and daily, and even the monthly which I rarely look, is pointing towards the same downward momentum. There is one important factor about timing that should not be neglected: next week: it's the beginning of the full moon. Note how many times there has been a selling spree during this period. During new moon, marrket tops and the next downward phase has its selling climax during the full moon. Place your short, be gentle to wife/girlfriend and enjoy the week.
COMEX:GC1!Short
by purpurato59
2
Crude at $40 invites buyers$40 is a significant price magnet that institutions obviously like to use as a bench mark. $40 Crude was sold in 1990, 2000, and 2003. It was bought in 2004 and 2009. I suspect that we will find buyers near 40 again. This may take a couple of months of sideways price action along 40. Oil has penetrated the monthly trend line. Most trend line breakouts are not reversals and become with-trend entries. However, this in not a bull trend - it's a trading range. This is merely a bear leg in a TR, which is often bought near the lows. Price often gets vacuumed to the highs and lows of trading ranges, fooling many into believing it may breakout. However, most TR breakouts fail and reverse (in this case, up). This is a sell climax, and two legs sideways to up are reliable. The first target is the EMA (20 bar). The next is a 50% retracement of the bear leg at around $70.
NYMEX:CL1!Long
by mbrennan