Volume Indicator
Golden rangerWe've broken down the hourly range this night.This is a chess to the american longs.
Who will hold a long position into the holiday? I think most of the funds and the big players will not.
So when volume comes in price will break below the 200 SMA. If many of the banks are thinking the same we shouldn't be surprised if the "Contract Dumper" who sold gold 2 weeks ago on Monday will dump again to push gold through the 200 SMA before USA opens.
Let's see if we break down violently the 200 SMA in the next 2-3 hours.
Target is : 1214$
Bullish engulfing pattern on short termVery often the downward move on cryptocurrencies is very steep. To catch a moment of reversal I'm using fibonacci retracementool. In moves like this I'm looking for a range between 76,4% and 85,4%.
This time the price hit 85,4% and the 4h candle closed above 76,4%.
Moreover let's look at Volume of this candle, it's a lot above avereage. This is a good signal confirming, that there is a lot resistance at this level.
Taking into account price action formation, we can see Bullish engulfing with confirmation. The candle marked with red arrow engulfed previous red bar.
In my opinion price will get back to blue trend line, than the bears will strike back.
USD Index/DXY short idea (H1)Hello traders!
TVC:DXY formed an accurate orange Wolfewave on H1 timeframe confirmed by both RSI divergence and volume.
(The volume is not being displayed here, but in my terminal I can see significant volume at point 5 of bearish candle).
Entering shorts with initial SL being placed pretty high and after the break of line 2-4 and confirmation of continuing downtrend, SL will be moved behind the local peak as planned.
GL All!
NIKKEI225 H4/DAILY TRADE (SELL)Hello, traders!
NIKKEI 225 formed a bearish wolfewave and made a good move below the line 2-4 being supported by medium volume.
Opened sell position, but as the price bounced from fibo fan 61.8, it may retrace to line 2-4 later. If so and supported by divergence/volume, this can become an opportunity for more shorts.
GL All!
$spy weakening trend short term downside higher time frame is showing defined uptrend with indecision
mid time frame is showing range bound action/distribution
it also shows a break of first uptrend line and a false breakout towards the resistance area of first trend line and price broke down through the second trend line which shows a weakening of the trend
bounces off the third trend line which is also the .618 retracement level back into the range
rsi is showing negative divergence and volume is showing selling pressure
lower time frame shows a break of the downtrend line into resistance area of 243.5x
worth monitoring price action-possibly break resistance area and moves towards resistance of second trend line in mid time frame and move back down
lulu looking for some recoverylulu bullish view for the week ahead, could recover some after a better second quarter with a some what calm after the storm approach low volume on the pullback and the range has contracted nicely after expansion for another possible move up, although i advise caution as price has closed just below its 50ma on the hourly so i would like to see price back above its previous days high before thinking about entering.
ADI breakout to the downside!!higher time frame is showing defined downtrend and exhibiting trend strength- using moving averages as dynamic resistance/
support
-intermediate timeframe shows trend alignment to the downside and price pull back to short term moving average
-looking for it trade to pivot low of 78.58 and breakout to the downside on intermediate timeframe
-on the shorter time frame- it is also showing trend alignment and favors a higher probability favoring the trend to the downside
-price is also pulling back to the .236 retracement level of 78.98..would look to initiate position in that area to the ride back down and setting a tight stop over 79.0x area
-as price resumes downtrend on the intermediate timeframe- it should also translate to the lower time frame and breakdown past the pivot low of 78.58 and along with increased selling pressure towards the path of least resistance to 74.7x area (.618 extension level)
$vod breakout lookout-long term trend- uptrend and showing strength
-intermediate timeframe shows trend is in an uptrend but slightly flattening
-volatility is contracting.. pressing up on resistance area of 29.9x
-not paying too much attention to rsi here because of stock showing strong trend strength.
-positive volume pressure being applied
-shorter timeframe is showing price action in a symmetrical triangle with a .20 measured move- which would lead to the break of resistance area up to 30.0x
-cautious to the possibility of a false breakout- entry at 30.05 and setting stop at 29.71 gap low
-once resistance is broken extension level/profit target set at the .618 level of 31.67
crm looking for retest of 91 area support--daily time frame is strong..rising MA's and adx is showing strength in uptrend
-intermediate timeframe showing strong uptrend with bulls in control on the steep impulse move and rising MA's
-looking for a shallow pullback to retest 91 support area and entry
-stop loss set at the intermediate term moving average
-reaching support on trendline for rsi in upward trend
-volume showing positive pressure and showing strength
-looking for a nice pullback and bounce and break out resistance area of 91.82
-riding trend but paying attention to what the price action is telling me
TSS SYMMETRICAL TRIANGLE-daily time frame showing in uptrend showing strength
-intermediate time is showing symmetrical continuation pattern in uptrend..finding dynamic support on Long term MA
-volume showing positive volume pressure
-measured move shows potential to run to 59.84 which is .30 cents above previous resistance
if resistance broken-up onwards!
-looking for entry from 59.22 to 59.38 area if pullback occurs to trendline if not towards 59.50 area to play the breakout..watching price action
-will not enter if it breaks minor upward trendline
-risk reward = 3.12
-stop at 59.05/ price target 59.8x area
ed waiting for pullback utilities sector looking strong
daily timeframe shows positive trend strength and rising MA's
intermediate shows rising MA's with Short term MA slightly weakening
looking for pullback into support area of 81.00 area and bounce back to 81.60 area for a retest of resistance
obv showing positive volume pressure
Short term MA and VWAP working as dynamic resistance and looking for entry down at support
TXN bull flag Ride the Trend!Sector performing strong
-Long term trend is bullish with strength slightly weakening but still in uptrend...consolidation
-intermediate time frame showing a nice flag forming after that sharp quick advance finding support in the 80.18 area
-relative strength is slowing showing a nice pullback
-the real tell is the obv which is showing the positive volume pressure going into the move
-measured move of around 2.50 brings target to 82.7-82.75 but realistically to 82.20 area following the path of least resistance
-risk reward ratio= 10.95