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Volume_profile

MNMD Long based on Fundmntls, Lvls and MetaWorldCrypto indicatorHypothesis: pharmaceutical company price depressed due to conflict between management and investor, price artificially low due to FUD. Confluence on W1 charts: 1. Price near ATL and 2020 support levels (year of IPO), see Early 2020 Support, and 2020 Support Levels. 2. Advanced RSI in oversold band with three Regular Divergence -Bullish signals 3. Setups & Trends also showing same three Regular Divergence - Bullish signals (same signals as above) 4. StRSI <10% with K crossed up D Confluence on H1 chart 1. Price below Early 2020 and 2020 support levels and bouncing off Oct 2022 support. 2. Setup & Trend and Advanced RSI showing three Regular Divergence - Bull signals Position: Entered at $2.82 with SL at $2.70, TP1 at $3.75 Risk Management: RR 7.75, Portfolio Risk % 0.43%, SL% Loss 4.26%, TP1% Gain 32.98%
NASDAQ:MNMDLong
by metadimensional
US 500: A Volume Profile Analysis - 09th / 13th May, 2022Price has closed last week at the (VAL) suggesting further expected bearish trading activity for this week. The fact that the two-days value area relationship show a lower value, supports this suggestion. My trading idea focuses on being short next week, but I would wait for my new opening price, and a session high and low (Registered by the first - 4 hourly - four candles) to further confirm my trading activity. Now, I will wait and see what happens, as my trading activity starts at 14:00 (GMT) on 09th May, 2022.
UShort
by msrozba
GBP/USD: Expectation for the 2nd week of May, 2022The GBP has been in the short side for three weeks in a row, and given the close of last week's price below the Value Area Low (VAL) actually validates a continuous downtrend for the GBP. However, the opening price of this week @ 1.2349, which is below the (VAL) and resuming it way down, may be seen as an opportunity for (Responsive Buyers) to push price above. So, where would Responsive Buyers be lurking to take benefit of this opportunity? Price at the time of writing this, is at fair price seen by both buyers and sellers. But, pushing price lower triggers Responsive Buyers hanging out at the Value Low (VL), which is the low of last week, to push price higher to at least the fair price registered now. In conclusion, my strategy depends on the opening price, then the session high and low, to all be present in order to execute my next move. See you all on 09 May, 2022 @ 14:00 GMT.
by msrozba
EUR/USD: Is It Set for a Breakout? The pair has traded within a fairly tight range last week, ending near the point of control (POC). Price failed to break the April, 2022 lows, therefore, it's hard to predict where the EUR is heading next week, technically speaking. However, we anticipate a potential breakout scenario, where it may be bullish or bearish. This anticipation is backed by the two-days value area relationship of an Inside Value, that may be seen as a breakout. So, my strategy would be is: To observe the opening price for next Monday 09th May, 2022, and wait to register a session high and low in order to determine where we would go from there. Stay tuned, and see you all on Monday 09th May @ 14:00 GMT for an update
by msrozba
What happens when Volume Profile Gives a Breakout Price moves due to imbalance between Demand & Supply. Volume Profile enables you to clearly see that imbalance. With the help of Volume Profile, you get to know the point of balance between Selling & Buying Pressure. When that balance is disturbed, position of many people starts giving them a loss. A point comes when they can no longer tolerate their loss making trade. That is where Short Covering takes place and pushes the price even further up. Look at the breakout shown by Granules stock on Daily Candle. It is 21% down from its recent peak. This breakout might give you the opportunity to get 5 to 10% return in short term and 10 to 20% return in medium term. I will update this idea after few days. Disclaimer: I do not hold any shares of this stock nor I plan to buy them in near future.
NSE:GRANULES
by jellygill
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