NASDQ losing momentumReaching the top of the volume shelf profile and weekly expected move. VIX 2hr and 4hr changing momentum on MACD to bullish for VIX while QQQ is turning to negative momentum. 320 on QQQ seems to be a resistance level that will hold. Expecting a pull back in preparation for the March CPI print with a large rally a few days before as we have seen at the previous CPI prints.
Not financial advice just my personal thoughts
Volumeanalysis
Bulls, Turn Up The Volume!Bulls have been shouting ALL last year, that the Bear market is over.
It's fine. Everything is fine.
Don't think about hyperinflation incoming, or the everything crash around the corner, or credit default swaps going vertical, or multiple banks insolvency, or dollar threatened as global currency, or Fed rates still rising all this year, or layoffs increasing, or personal credit usage rising more, or personal savings non-existent, or discretionary spending decreasing to substance vices only... or all the other things that we can see signaling this is the middle of the bear market, only. Not the end of it.
Almost a year since my last post & I still see many Bulls (mainstream media & social media influencers), urging retail to "buy the dip!" & other nonsense. There have been dips last year, & there will be more this year. You can buy low now, & hold the bag soon, for banks & hedge funds that have counted on you todo for generations.
Or wait until we actually crash first, & then buy at the bottom. Volume doesn't lie & VIX doesn't lie. Only when you see both big & strong, then you will see capitulation.
Hold steady in waiting. You can scalp, or catch the small sideways swings, if you like. But don't fool yourself into thinking now is the time to go long. It's not.
PBYI a speculative biotech LONGPBYI according to the recent earnings as no earnings nor revenue. This is typical in the biotechnology sector.
This 4H chart shows a consistent downtrend with a couple of minor pullback corrections shown with a Doji followed
by a green engulfing candle but with low volume and the K/D lines of the MACD did not on the histogram.
In the present, the volume pattern shows relatively high selling volume then reversed to buying volume which is above the
moving 50 period average shown as the green horizontal line. Moreover, in this episode, the MACD/Signal lines have crossed
and curled up. The histogram has sent positive after being negative since early February.
I interpret this as being an early reversal now ripe for entry. Just like in nature, the early bird gets the worm.
Buyer beware biotechnology stocks that have market cap based on high potentials are speculative but potentially
offer high rewards. I see a reasonable target as a 50% retracement of the downturn or about $ 3.50 ( this is
less than the upside of some analysts ) PGYI is up 10% today. the train is leaving the station with momentum.
I see a potential takeover or a low float short squeeze.
(See also the link below )
London Close Volume up to Daily Zone at 1.0854 or Range? The 4Hr candle closed above 1.083 4Hr Zone which is quite bullish for me. However we must consider that we have seen some volatile rejection near NY Open around 3-4 Hours ago. It's about where candles close so that is why we will give more weight to the buy side. If We get to 1.0854, then I can see it being pretty straight forward for us to reach 1.089 as mentioned in previous posts.
More Analysis: The first 1Hr cnadle of the new 4hr candle pulled back to 1.081 which we respected. The consumer confidence report was used as a catalyst for a continuation of bullish momentum. The 1Hr candle just closed above the other candles to the left at 4pm GMT time. Look on the 1Hr and 4hr and you will observe a free liquidity range for us to push
up to 1.089. First we must observe the Daily level at 1.0854 and see if we will push further into it or plainly reject it, taking us back to 1.081.
EYPT EyePoint Pharmaceutics LONGEYPT is now on another breakout on the 2h chart similar to what occurred
from mid-December to mid-January. On the indicators the MACD shows
the K/D lines on a steep upward slope. For me, what set off my interest
was a relative volume scan that produced this stock on the list.
The relative volume this week and consequential accumulation triggered
the breakout with those volume spikes
Fundamentally, EYPT had a catalyst as it completed one phase of its
FDA clinical trials for a treatment for macular degeneration, a
debilitating eye disease of the elderly. The potential market
is several multiples of the stock's current market cap.
This company is a takeover candidate as it is young without
a big pipeline but with upside potential.
The relative volume of 4X to 8X is a sure sign that buying
pressure will move the price. Price has crossed the SMA50 just as it
did last winter. The price is up 40% or more this week. Could this be
a pump and dump? Maybe. For sure it is a speculation play just like many
NASDAQ penny biotech stocks For mem the price action of last winter
with a 120% gain in one month is reassurance for this time around
with some hopeium thrown into the mix with the technical analysis.
I will buy a call option under the current price with the 4/21
expiration and leverage the speculation a bit. In the past day,
this option rose 67% based on the price surge of the underlying stock.
XAUUSD : Trading Gold with Harmonic butterfly patternOANDA:XAUUSD
Hi trader's .. i Hope you all are winning good profit from ,market and if not than no worry i am available for you help and assistance
As you can see perfect Harmonic pattern visible on chart
it's a bearish butterfly pattern , after completion of D leg market gives an 61.8 % retracement
Our target fully Hit , it's a 70 % accurate pattern , I have done 5 year's back testing on it
Market now on side way's breakout any side will tell the movement of gold
USDCAD : Possible Pull back from major support levelOANDA:USDCAD
Hi trader's .. Market breakout downside from descending Triangle
Market reached major support level , as market now in over sold area
so possible pull back from support level expected
Price Can make double bottom at 1.3556 area and from there buyer's can push market toward's 1.3645 area
Key levels for BTC - Big moves comingBTC has been consolidating this whole week, brewing for a big move. Looking at daily volume profiles.
26700 - 26800 level is key support, already bounced off twice
- if broken we likely see a bear run possibly down to 25000 level
Or we continue the Bullish trend started 2 weeks ago and heads toward 30000 level. Watch for break of recent highs.
Any thoughts?
Spot Gold XAUUSD LongOn the 15-minute chart with a volume profile overlaid, XAUUSD broke down from
a head and shoulders pattern and trended down into a double bottom.
Stop Loss and 2 targets are labeled on the char along with supply and demand zones.
I see this as a long swing to take on the forex market with using some leverage
in conjunction with risk management in the trade including adjusting the
stop-loss once the price reaches some unrealized profit and closing a part of the
position once the first target is reached.
will eth will cross 1840 or hit the low 1500 1300hi everyone ,
in this idea 💡 i am going to share some trading idea with trend analysis and volume anaysis. so lets begin.
as i start earlier btc dominence market cap at resistance leve and possibly market cap of btc is going to down so we have to stay bearish in this market for some week.
eth is also at their resistance level and if eth will make any billish sihnal above 1825 we will enter for a long reade , but ther is high possiblity eth will bouce back to 1500 from 1850 .
take short entry afer beatrish confiramtion and our first target is 1500 and the 1300 will be our last target .
i hope you like this analysis and please comment what you think abour eth for the week.
PG Proctor & Gamble Swing Long or InvestPG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high volume area on the longterm profile.
Earnings are steady and consistent typical of a reliable but slow-mover.
The rising MACD lines and the RSI piercing through its Ichimoto cloud
serve to further confirm that PG is in a confluence sweet spot.
I see this as a good spot to dollar cost average into a holding of 100 shares
to be used to sell monthly options for income or alternatively purchase
a call option contract at a strike of about $10 below current price with
DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
SPX facing resistance to keep falling - a new doubt levelI'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test.
My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and congestions.
On March 13th, prices reached the region of the last bottom and a massive buying volume showed up sustaining the market upper from that level. This drove us to where we are now, pulling back to the 200-SMA, and this famous average is now giving us a new make or break setup.
The next days movements will probably drive the direction of the market for the next few weeks, and that could be either bearish or bullish.
I would prefer if this was a bearish movement, along with the trend, that tends to make a more straighforward path and with a longer target (I estimate a gain around 10 to 15%, counting from last week close). Any set of black candles would point this way.
On the other hand, some white candles, specially with a good volume, would point to the bullish or congestion case. But I believe that it would be a counter trend movement, barely reaching the previous top region (with a posssible return of 6% to 9%) - of course I can be wrong, but then we re-evalute the scenario if the top if reached.
I don't know if I will trade the bull case, because I think this would be a more short-term situation. But for the bear case, I'm keeping open my bearish position that targets the next few months.
HYMC Mining Stock swing LONGSee the 4H chart for details. The analysts to not have great ratings but I have learned to
respect chart patterns The falling wedge here is expectant for a bullish breakout upwards.
Earnings are coming and a good report is expected with fixed costs and rising gold and silver
prices. This is the timely catalyst for a trade but not an investment. The penny stock
is selling at a 95 % discount off its price 2-3 years ago. I has nowhere to go but up.
It could be a takeover candidate of one of the larger and more financially stable mining stocks.
All in all, I think this is a good buy going into earnings. See also my idea on spot gold.
.
GORO is another ticker worth a good look right now but remember all that glitters
is not gold. Speaking of miners I have a long idea for BTBT, a crypto miners
which has upcoming as well.
MONTHLY VOLUME PROFILE + MONTHLY LEVELS TEMPLATE Link to the template - www.tradingview.com
Hey there! We're excited to share with you our amazing Trading View template that's designed to give you a head start on your analysis. We want to let you know that to fully take
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The Volume Profile tool may not match the accuracy of others out there, but it still provides a useful overall idea that you won't find anywhere else. At Fostermans , we use this template
every day to get a Daily/Weekly/Monthly bias that sets us apart from the rest. Trading View has helped us dominate the markets through bull runs and bear runs, and we're confident this
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Thank you all PineScript coders for making something like this possible!
Furthermore, the following indicators have also been incorporated for your convenience:
- Volume Profile
- VWAP
- Volume + Volume Average
- OHLE Data
- Naked POCs + Developing POCs
- Value Area High/Lows
We're excited to hear about your trading journey with this template, so let us know down in the comments how it's going!
WEEKLY VOLUME PROFILE + WEEKLY LEVELS TEMPLATELink to the template - www.tradingview.com
Hey there! We're excited to share with you our amazing Trading View template that's designed to give you a head start on your analysis. We want to let you know that to fully take
advantage of the most indicators, you might need a Trading View subscription of sufficient level, but trust us, it's totally worth it!
The Volume Profile tool may not match the accuracy of others out there, but it still provides a useful overall idea that you won't find anywhere else. At Fostermans , we use this template
every day to get a Daily/Weekly/Monthly bias that sets us apart from the rest. Trading View has helped us dominate the markets through bull runs and bear runs, and we're confident this
template will help you do the same!
Thank you all PineScript coders for making something like this possible!
Furthermore, the following indicators have also been incorporated for your convenience:
- Volume Profile
- VWAP
- Volume + Volume Average
- OHLE Data
- Naked POCs + Developing POCs
- Value Area High/Lows
We're excited to hear about your trading journey with this template, so let us know down in the comments how it's going!