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POC

GBP/USD Sell AnalysisMy previous Sell position charted up for cable played out perfectly and price reacted from the OB where the TP was placed (1.35325) Now price is pushing back up to fill the un-mitigated areas from the push down. I've identified an order block and refined it on the 1M timeframe. This is where my intended entry is going to be. The target is the new OB created at the bottom of the current range we're in and I've placed the SL just above the previous high of this range. POC is currently above price and we're in a period of consolidation currently.
Short
by elliotthforex
EUR/NZD - SHORT oppotunity !Hello trader, Nice week and profitable deals 💲 EUR/NZD 4h Chart 📊 In my opinion, the ECB will keep lowering rates !! Investor fear will further weaken the EUR !! Technically we are at 0.382 of the last downward movement, IMO we are based on the SMA 200 4h and the POC !! I will trade this breakout and use Fibos as TP and target 🎯 My SL is in the chart ! I want to mention that everything I post is just options and my own opinion! Always trade with SL and do not risk more than 1% of your portfolio (max. 3%) per trade. If you have any questions, please let me know ➡️If you like my posts, press the Like button, comment or follow me Thanks for reading my ideas, Trade save !!
Short
by TR7z
4
BTC Looking ForwardBTC has been ranging after the fall from 69k which has been great for ALTS, rather it's been great for METAVERSE tokens (SAND, MANA I'm looking at y'all). Looking forward, this weekend the general sentiment is that due to holiday in the states and it being the weekend, a dump further to 53-52 is imminent. I'm picking up big 38k vibes. While there are untouched POC's down in that region, and quite a large gap in 53-52 that would love to be filled in that volume distribution, there are also POC's above the current price that I think BTC is aiming for first. I can see another touch of 55 from here then fill out 65-67 leaving everyone longing for that 69 ATH, before retracing back to the lower 50's, 47.5 being a very strong support and my price in which i stay bullish leaning until broken.
by ThatOneTallDude
1
Head and Shoulders at the Midway point of Trading RangeOn the weekly we are currently closing below the 55 week moving average and potentially double topping while on the daily we are trading within a range potentially creating a Head and Shoulders pattern that if broken would likely take us to the bottom of the range. If after making it to the bottom of the range we break through, we can then begin to target the much bigger target of the weekly double top that can take us down to $120 or even lower but to be conservative lets say $120. I believe that payment processors are in a position of weakness and that we will see many pullback over the coming months. For more on this you can view my idea on Visa in the related ideas section.
NYSE:SQShort
by RizeSenpai
UBER stock desperately needs to breakout from the box!Hi everyone, Today we are taking a look at NYSE:UBER price movement. We are using boxes with levels and fixed term volume profile. What has been happening? NYSE:UBER stock is pretty volatile asset in general (leaving out all meme stocks obviously). During last 7 months it has been moving in 37-56 price range with POC at 46-47 level. Last 2 months, however, the price spent in a consolidation box in the 42-48 zone. Volume profile for this period is not distributed uniformly, with value zone from 44,5 to 47,3 and POC at 45,5 . Where are we now? As of 17th Nov close, we are at the bottom line of the value zone at 44,4 . Due to the fact that stock price did not close significantly outside the value zone, a reversal to 45,5 POC level is expected. Moreover, longer-term POC of 46,9 is likely to be revisited. What to expect? I want to see profile structure repair at the value zone. That would signal of healthy price development. Second biggest volume node is at 47 , so I expect POC to migrate there if we stay in the value zone. Looking even further down the road, break of 48,7 box level takes us to 51,8 . As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NYSE:UBERLong
by AyBe_Invest
2
LYFT Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern: -Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches) -The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill -VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish -Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's) -Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different. -MACD in stagnant divergence over the past few days. Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
NASDAQ:LYFT
by Zeesna