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Volume Indicator

JSE:BLU Blue Label Telecoms Turning the CornerBlue Label Telecoms has been having a torrid time of it but we may have turned the corner and ready for a markup. BLU has been ranging from September 2019 but now there are signs of strength (SOS). After breaking above the yearly pivot point divergence in the volume RSI and increase in volume on the way up. The Relative Strength has also turned and is stronger than the market. The backup to the accumulation trading range is also showing a Wyckoff accumulation range and price is now breaking out ready for the markup. The next level should be 500 and with longer-term gains.
JSE:BLULong
by SteynTrade
GBPUSD Local S/R| Swing High| POC S/R| Bullish OB| Price ActionEvening Traders, Today’s Analysis – GBPUSD- breaking Local S/R with an impulse, test of Bullish OB is probable, Points to consider, - Price Action Impulsive - Bullish OB Support - POC Support - Local S/R Resistance - RSI Bearish Control Zone - Volume Declining GBPUSD’s immediate price action is trading below key Local S/R, failure of a reclaim will allow us to have a bearish bias. The Bullish OB is likely to be tested, holding this area is critical, failure will project lower bearish targets. Price Action is currently being respected by the POC, a short term bounce into Local S/R for a bearish retest is probable. The RSI is currently in its bearish control zone, remaining in these regions will project weakness in the market. Furthermore, the immediate volume is below average, indicative of an influx being probable when testing key trade locations. Overall, in my opinion, GBPUSD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, Beginner’s luck often stifles growth. Losses and failure are good for you. Kahlin Gibran
Short
by AzizKhanZamani
JSE:BAT Brait Accumulation?After the selling climax in March, we have potentially seen an accumulation trading range that is ready to break and start the markup. Price is wedged between the 50 and 200SMA and contracting. There is a negative divergence in the Volume RSI. The Relative Strength to the Top40 is showing an increase and is above the 55SMA. There is volume in the up moves and higher highs are forming indicating Last Point of Supports (LPS) are forming. A break above the 200SMA and breakout of the Trading Range could move back to the yearly pivot point or at least the previous support around 1000.
JSE:BATLong
by SteynTrade
BurgerBNB Local S/R| POC Support| Swing High| Price Action Evening Traders, Today’s analysis – BURGERBNB – Trading above Local S/R, price has been accepted with further upside potential. Points to consider, - Price Action Impulsive - Local S/R Support (21MA Confluence) - Swing High - RSI Bullish Control Zone BurgerBNB’s Immediate price action is trading above Local S/R in confluence with the 21 MA. This allows us to have a bullish bias on the immediate market thus longs are deployable. Swing High is the immediate price objective once the POC resistance is claimed. Upper Local S/R is immediate target, breaking this is likely to lead to trend continuation. The RSI is in its respected bullish control zone, remaining above these regions is indicative of market strength. Overall, in my opinion, BurgerBNB is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee
BLong
by AzizKhanZamani
8
AUDUSD Daily S/R| 200MA| .618 Fibonacci| Price ActionEvening Traders, Today’s Analysis – AUDUSD – price action impulse above local S/R where a back test is probable to confirm support. Points to consider, - Price Action Impulse - Local S/R Support (.382 and 200 MA) - Daily S/R Resistance - Oscillators extended - Volume Increasing AUDUSD’s immediate price action is bullish above Local S/R, this allows us to have a bullish bias on the market. Local S/R is immediate support that is in confluence with the .382 Fibonacci and 200 MA, a bounce here is probable on first attempt. Daily S/R is current resistance that needs to be breached for trend continuation, failure will be bearish. Both oscillators are over-extended; a reversion to their mean is likely, remaining mainlining in their bullish control zones is critical. Immediate volume is below average, an influx is needed for trend continuation, epically when testing key trade locations, Overall, in my opinion, AUDUSD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember! The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Long
by AzizKhanZamani
THETAUSDT| Dynamic S/R| 200DMA| Range Low| Declining Volume Evening Traders, Today’s analysis – THETAUSDT – breaking Dynamic S/R, failure to close back above is bearish. Points to consider, - Price Action Pivot - Range Low Support Confluence - Dynamic S/R Resistance - Oscillators Neutral - Declining Volume THETAUSDT’s immediate price action is below 21 MA and Dynamic Support; this allows us to have a bearish bias in the immediate terms. Range low is projected support that is in confluence with long liquidity and 200 DMA, price action has a probability of bouncing here on first attempt. Reclaiming Dynamic S/R will show strength in price action thus negating any bearish biases. Both oscillators are trading in their respected bearish control zones, remaining in the area will show weakness in the market. The current volume profile is declining; an influx will be imminent when testing key trade location such as untapped long liquidity. Overall, in my opinion, THETAUSDT is a valid short with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.” ― Yvan Byeajee
Short
by AzizKhanZamani
2
DEFI: lower highs suggest break of the support. Bitcoin analogAt the top we see here the DEFI index, daily chart, and below the weekly chart of Bitcoin (2018) A series of lackluster rallies , lower highs on decreasing volume suggest that demand is really poor. Institutions have quickly sold their assets off the top and run away from this market (RISK ON->RISK OFF MODE) Lower highs suggest a break of the support. That break could trigger a final capitulation , where strong hands can come back again and absorb the supply. We have seen the same price action on Bitcoin in 2017-2018. FULL ANALYSIS: We have explored this case study in our Wyckoff Crypto Discussion, watch the full episode here: www.youtube.com Join us each Thursday for a discussion of the cryptocurrency market from a Wyckoff perspective!
BITSTAMP:BTCUSD
by Wyckoff_Analytics
1
ZECUSDT Dynamic S/R|Golden Pocket|200DMA|Range High|Price ActionEvening Traders, Today’s analysis – ZECUSDT – trading at a key trade location where an impulse move is probable, Points to consider, - Price Action Pivot - Range Mid Support ( Technical Confluence, Golden Pocket & 200 DMA) - Range High Resistance - Oscillators Divergence - Increasing Volume ZECUSDT’s immediate price action is holding support with technical confluence; this allows us to have a bullish bias. The Range Mid is being respected in confluence with the golden pocket and 200 DMA. Price Action has a high probability of bouncing here. Immediate resistance is considered range high which has been tested recently. Breaking this level will be deemed bullish with further upside. Both oscillators are currently neutral respectively; momentum will start to pick up when maintaining bullish control zones. The volume profile is increasing, momentum will sustain with increasing volume, and failure is bearish. Overall, in my opinion, ZECUSDT is a valid short 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, Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets. Michael Carr
Long
by AzizKhanZamani
2
JSE Resource Index: Looking for OpportunitiesThe JSE Resources Index (J210) is the one potential light in the tunnel. We have been in an uptrend since 2016 and even after the covid drop recovered to top of the upward stride. Recently we have seen a pullback from the overbought line on low volume. So now we start looking for when the price reaches the oversold line to take opportunities for the next leg up. At the current rate, the next push up could only take place in January 2021 so some patience is required.
JSE:STXRES
by SteynTrade
4
JSE Industrial Index: Still in Long-term Range The JSE Industrial Index ( J211 ) has been in a trading range since 2016 and has broken the upward trend in the process. The covid drop interestingly was not backed by volume as seen by the lack of movement in the volume RSI and low volume spike. Price has recovered back into the trading range but has shown little enthusiasm to break out. The bounce has been on low volume . The covid drop also showed relative strength compared to the overall JSE. It seems as if the range-bound conditions may continue and we will have to wait for volume to return to see if this can be broken. For now, we are stuck around 70000 ( J211 ). With the low volume there does not seem to be many opportunities in the underlying stock right now.
JSE:STXIND
by SteynTrade
GBPJPY Daily S/R|Supply Zone|Local S/R|PA|Bearish RetestEvening Traders, Today’s analysis – GBPJPY- impulse price action, trading with a bounce from support zone leading into a probable retest of Local S/R, Points to consider, - Bearish Price Action - Supply Zone Support - Local S/R Resistance - Oscillators Over-extended - Volume Declining GBPJPY’s immediate price action is considered bearish, any rallies are now are preluding to bearish retests, this allows us for a bearish bias. The current supply zone is holding true with price action having an evident bounce. Projected Local S/R is resistance that is likely to respected. This will validate a bearish retest in confluence with the .382 Fibonacci and EMA’s. Both oscillators are travelling in respected bearish control zones, this is indicative of weakness in the immediate short term. Volume is also declining, this is considered bearish as price subsequently rises. Overall, in my opinion, GBPJPY is a valid short 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, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Short
by AzizKhanZamani
ETHUSDT Weekly S/R| Trend Pivot| Price Action| VPVR| Daily S/R Evening Traders, Today’s second analysis – ETHUSDT- consolidating under key resistance where a breakout is probable upon increasing volume, Points to consider, - Price Action Impulsive - Weekly S/R Resistance - Daily S/R Objective - Oscillators Extending - Volume Increasing - VPVR Low Transactions ETHUSDT’s immediate price action is impulsive, breaking key Local S/R. Price action is currently trading below Weekly S/R, breaking this level will allow us to maintain out bullish bias on the market. The Daily S/R is current objective; price action is likely to reach this level due to low volume of transaction – reflected by the VPVR. A rejection from the weekly S/R will increase the probability of back testing Local S/R; this will confirm an S/R Flip Retest. It’s also important to note that this area is also in confluence with the POC. Both oscillators are over-extended; a reversion to their mean is probable which will coincide with a pull-back in price action. The volume profile is increasing; this needs to sustain for further follow through in price action. Overall, in my opinion, ETHUSDT is a valid long above Weekly S/R; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander
Long
by AzizKhanZamani
2
LTCUSDT Daily S/R|Swing High|Volume Climax|EMA Ribbon|PAEvening Traders, Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position. Points to consider, - Price Action Impulse - Daily S/R Support (.50 Fibonacci Confluence) - Upper Daily S/R Resistance - Oscillators Extended - Volume Climax LTCUSDT’s immediate price action is impulsive; breaking key levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias. The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries. Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish. Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias. Overall, in my opinion, LTCUSDT 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! “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Long
by AzizKhanZamani
EURJPY Daily S/R|.382 Fibonacci|Bear Impulse|Oversold conditionsEvening Traders, Today’s second analysis – EURJPY- impulse sell into Daily S/R where a bounce is probable allowing for a short on low volume. Points to consider, - Price Action Impulse - Daily S/R Support - .382 Fibonacci Resistance - Oscillators Oversold - Bear Impulses EURJPY’s immediate price action is looking bearish; a bounce on low volume will allow us to maintain a bearish bias. The Daily S/R is considered immediate support; here a bounce initially is probable – currently being the case. The .382 Fibonacci is likely to get tagged before further downside momentum. Exceeding above this level will negate our bearish bias. Both oscillators are trading at oversold conditions, this greatly increases the probability of an oversold bounce play. Current volume profile is impulsive; bull volume is required for follow through. Failure will increase the probability of a breakdown. Overall, in my opinion, EURJPY is a valid short 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, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee,
Short
by AzizKhanZamani
Darvas Volume Screening on Weekly VolumeAs you all know the book written by nicholas darvas in 1959, emphisized on the volume and price action on weekly magazine called Barton. This weekly magazine contains information about price action and volume and also about company business and important fundamental indicator. This screener on weekly data and hopefully could some how functioned as Darvas Barton on screening the price action and volume of certain stock, especially stock in Indonesia. Here I used the 1 week data, relative volume to scan the significant changes in volume, market caps of the stock, positive changes in price action and volume in recent months. Please share your comments on this idea based on the Darvas price action and volume in 'How I Made 2 Million in Stock' book.
IDX:KIJALong
by zidniagni
1
NEOUSDT Dynamic S/R| Apex| Structural S/R| 200 MA| PAEvening Traders, Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex. Points to consider, - Price Action Higher Lows - Dynamic S/R Support - Structural S/R Resistance - Oscillators Neutral - Low Volume NEOUSDT’s immediate price action is trading with a higher low projection, until this is broken; it allows us to have a bullish bias. Dynamic S/R is current support, breaking this level will make the immediate target Local S/R, negating any bullish bias. The Structural S/R is technical resistance that needs to be breached for trend continuation. Flipping this level as support will be considered bullish. Both oscillators are currently neutral with volume being low. An influx is highly probable when testing key trade locations such as the Local S/R. Overall, in my opinion, a trade is ONLY valid when breaking from the apex in either direction, price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
by AzizKhanZamani
2