Get started

Sellingpressure

GBPCAD | Perspective for the new week | Follow-upAfter moving over 400pips since our last publication on this pair (see link below for reference purposes), the price continued to find lower lows as it Breaks down of CA$1.71500 thereby making the Breakout on the 19th of April a false one (a feat recognized by the plunge in oil price). The Supply zone around CA$1.71000/1.72000 zone emphasizes the selling pressure at this juncture in the market as the Bears continue to hunt down the weekly lows. A rebound in oil prices coupled with the release of better-than-expected domestic Retail Sales figures appears to have prompted fresh "selling" as Loonie appears to regain her dominance in the nearest future. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Channel Observation: i. Connecting the lower highs and lower lows of price with parallel trendlines since Jan 2021 depicts a downward trend and emphasize the prevailing direction of price action. ii. The latter part of last month (Apr 2021) witnessed a successful Breakdown of CA$1.715000 (Demand zone) - a level that held price "supported" for 43 days. iii. Following the Breakdown of CA$1.71500, we saw price reject this zone multiple times in the last 17days to confirm a Supplication zone @ CA$1.71000/1.72000. iv. In this regard, below Key level II @ CA$1.70800 shall be a yardstick for selling opportunity in the coming week with the aim of completing the Channel... Trade consciously :) Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:6 Potential Duration: 8 to 14 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
RIG Breakout Stock Sell AlertBREAKOUT STOCK SELL ALERT $RIG - Transocean Ltd (Switzerland) Common Stock Initial Alert Price: $2.31 Price High: $2.69 % Gains/Losses: 16.45% (-48.55% Less Than Expected) RIG hit the $2.69 Level of Resistance and is currently consolidating from the breakout. It does seem to be rounding back up so we will be watching closelly for another potential breakout here. Until then, we sharing this advisory sell notice. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today Follow for more trade alerts and information & egister your account for Instant Alerts by clicking the link in our signature.
NYSE:RIG
by MyMIWallet
2
Volume Indicators Masterclass Part 1VOLUME INDICATORS Volume is one piece of information that is often neglected by many market players, especially beginners. However, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. The usage of volume indicators has long been restricted to just the Forex Markets. Thereby in the Volume Indicator Masterclass, we will be looking in-depth for a few volume indicators. Traders often use volume which measures the number of shares traded during a particular time period as a way to assess the significance of changes in a security’s price. Traders rely on it as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target. Volume analysis is a technique used to determine the trades you will make by discovering the relationships between volume and prices. In order words, it shows how many times the security has been bought or sold over a given timeframe. The time frame can be one minute, four hours, one day, or anything. The volume transacted in the given timeframe is represented as a bar, which can be color-coded. The color of the bar shows whether the security’s price closes up or down. A green bar is generally used to show that the security closed higher during the trading session A red bar is used to indicate that the security closed lower The height of the bar shows whether there’s an increase or a decrease in the volume of the security transacted a taller bar shows a higher volume while a shorter bar shows a lower volume. Trend Confirmation : If the volume increase with an increase in price or with a decrease in price, it indicates a strong buying or selling pressure. Trend Non-Confirmation : If the volume decrease with an increase in price or with a decrease in price, it indicates a weak buying or selling pressure. There are various Volume Indicators, out of which we will be discussing the Money Flow Index in this Masterclass. Money Flow Index The Money Flow Index (MFI) is an oscillator that uses both price and volume to measure buying and selling pressure. The indicator is synonymous with “volume-weighted RSI” as it integrates volume and mirrors the relative strength index (RSI) with respect to its mathematical formulation and categorical classification as a momentum oscillator MFI. Calculation of the Money Flow Index: Typical Price: (High + Low + Close) / 3 Money Flow: Typical Price x Volume Positive Money Flow: The Money Flow on days where the Typical Price is greater than the previous day’s Typical Price. Negative Money Flow: The Money Flow on days where the Typical Price is less than the previous day’s Typical Price. Money Flow Ratio: 14-Period Positive Money Flow / 14-Period Negative Money Flow Money Flow Index: 100 Money Flow Ratio / (1 + Money Flow Ratio) Signal Generation BUY When Money Flow Index crosses up 20 i.e. from the oversold region SELL When Money Flow Index crosses down 80 i.e. from the overbought region There a lot of more interesting Volume Indicators that can be used, about which we'll be talking in the next Masterclass of Volume Indicator. STAY TUNED! ---------------------------------------------------------------------------------------- Your questions and comments are most welcome. If you find the post useful, please like, share, and follow to make sure that you get more information once published. - Mudrex
Editors' picks
COINBASE:BTCUSDEducation
by Mudrex
21
YFI Short signalThe bear market might have possibly began. The selling pressure is high and people have less hope in this market. 2nd point is that a break of this main support will confirm the head and shoulder and thus the trend reversal. On my previous idea i had the idea of buying back at the main support. But for now, i switched my changed my mind because buying seems more risky with the current panic and fear going on. I personally have a small short position set up at 19350 let's see how it goes. Like and follow!
Short
by MarketSniping
2
CAC 40 At Crucial Support CAC40 opened With massive Gapdown trapping all the bulls at higher level This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards. Index can Face Heavy Selling Pressure from tops All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the higher side. So Sell on rise pattern could be seen in this index CAC40 Is currently trading Below its 100 EMA at crucial Support Level of previous swing low. Fresh Sell Off Can be Seen Below The swing low till 5720 Levels which is 200 EMA and 4th Decembers Low.
TVC:CAC40
by TradingOx
1
UBER earnings/lockup tradePosition entry UBER Nov15 31.5/30 vertical put before earnings (Nov4) and lockup expiration (Nov6). UBER has now found buying support around the $27 range as it has moved around half a percent throughout the trading day following the lockup. The support may signal an end to the selling pressure of the lockup expiration with the increased float (80%) of shares on the market. For such reason, I closed my position. As the selling pressure has decreased, UBER may rise in the next few weeks as retail and institutional traders enter long positions at these lower prices near the support.
NYSE:UBER
by Zacmando