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Volumeanalysis

INMD - potential Cup & HandleINMD seem to be a great study on chart patterns and fibonacci retracements! :) The stock first broke out from an Adam & Eve neckline @ 27.20 on 13 July, propelled 42% from here to a high of $38.76 (which was a 50% retracement up of the intermediate downswing AB). It then lost momentum and started a steep pull back, finding support only around 61.8% fib retracement of the recent upswing AB. This steep retracement and subsequent action is beginning to shape into a potential Cup & Handle pattern (a pattern which is a lengthy "pause/consolidation" in a prior uptrend). With earnings round the corner (expected on 3 Nov), will it be the catalyst that propel the stock to successfully break up from this C&H formation? If and when it does, we will have a golden cross (20day MA crossing above 50day MA) as well. Nothing is guaranteed so we can only wait and see! LOL. Earnings can swing both ways although the strong volume accumulation on 13 Oct seem to suggest expectations are to the upside. If and when the stock breaks up, then it further consolidates the stock's recovery is well underway (even if it might still be volatile). Long @ breakup or at first initial pullback towards C&H neckline Initial stop loss with be at most recent pivot low (C&H's "handle's" low) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:INMDLong
by Juliac
2
Big Move incoming on USDJPY Huge volume spike on levels not seen for since May 2022 Could this pair be loosing steam and a potential move to the downside lurking?? Price in an ascending channel RSI exaggerated divergence snapshot The recent price action was very similar to the BOJ intervention 22/09/2022, Using factual theory's we could see price bounce from this area but unable to capture new highs creating a Quasimodo pattern - if true then the entry will be on the break of 146s. The downward factual pattern was taken from 14/07/2022-02/08/2022
Short
by LuxTradeVenture
SAM - Time to bottoms up?After having fallen a whopping nearly 79% from it's peak in April 2021, SAM appears to be finally turning the corner, after forming a rounded base in the past 7-8 months. It hit rock bottom on 16 June, right where it was a former low during Covid crisis (March 2020). A month later, there was a strong spike in volume due to earnings beat (by 1.11%, not too fantastic, but still a beat nevertheless). The stock then pretty much went nowhere until last Friday, after it reported a much stronger earnings beat this time. What is significant this time is that it managed to gap up and close above the base formation neckline @ 396, a 19.7% rise within a day. Weekly RSI is strong and rising. However there is a near term resistance at 407 and we could see some consolidation around there. Buy the dips is probably a good idea. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:SAMLong
by Juliac
Bitcoin - WATCH OUT ❗ BULL TRAP 📈Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 From a chart analysis, I have been watching this major triangular consolidation for a while and optimistically hoped we would see a clean breakout above the white resistance zone. In other words, see a few daily candles CLOSE ABOVE this zone. What we see instead, is lower highs and wicky range trading. From a technical indicator perspective we can see high volume with little price action. This means, that currently there is an equal amount of buyers and sellers. Nearly the same amount of people are bullish and bearish on Bitcoin, which causes the price to trade in a range. The nest thing to remember, is that range trading attracts algo's / algorithmic trading bots. Algo's specialize in shaking people out of their positions, aka stop hunt. This means that the price might increase to just above the resistance zone where most short sellers will have their stoploss, and then the price falls again to just underneath the support zone where most long buyers have their stop loss set. So what can we take from all of this? SPOT . If you have to trade now, spot trading is definitely your safest bet during this time of the market phase, which is the accumulation phase according to the Wyckoff Method cycle. Algo bots are notorious for their activity during the accumulation phase, so don't take low-reward high-risk trades! Want to know which ALT I am bullish on ? Check out this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
28
GBPJPY ImpulsesI have been tracking the impulses of GBPJPY. In the past 10 days, the average impulse in around 367pips. of course, that is b/c a couple really big plays without it the average comes to around 260-300. I've noticed that GBPJPY impulses at the end of a consolidation periods. Capturing such a move would be a nice add to the trading account. I can see why GBPJPY can help you build up account, as well as Blow your account quickly, if you do not have your S/Ls set. GBPJPY has a tendency to sweep the S/L's and reclaim its position, very quickly. Also, Using RSI on this chart hasn't worked recently. seems to go the opposite way. I will continue to track impulses while watching if volume reveals anything to help encourage the impulses. Hope you enjoy!
by lodose81
cellectis alcls : begenning of a new cycle technicaly , it looks like the last phase of correction has ended, i.e the wave C( impulse with 5 waves) fundamentaly , cellectis is growing big, has very good product, it's an awesome company notice : i'm not a financial adviser i don't have anything to sell ( signal - education- etc..) I only post my ideas to force myself to be good and learn from anybody who want to engage in a constructive discussion please if you see anything wrong in my analysis, let me know thank you
EURONEXT:ALCLSLong
by ninodelsol
CPNG - inverse H&SThe techs are lining up quite nicely for CPNG so far with all 3 moving averages (20,50 and 200) about to cross up in the right order. A break up above the neckline @ 21.35 (esp with solid volume) will be a good buy point. However, it is probably prudent to test with small amount first and add if it pulls back to retest near the neckline (or pyramiding up is ok if overall momentum is strong). I will put initial stop loss just slightly below $19 and trail stops up if trade is working out. Take partial profits if it is able to reach around 26.5 (resistance there). Let's see if it works out! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:CPNGLong
by Juliac
BTCUSDT Swing Short Targets 20900, 20200, Naked POCsSwing shorts to 20900 and 20200 are a very good bet. These are NPOCs from July 5, 6, and 7. It is rare when the price does not return to a previous POCs, so they are very good targets. POCs from HTFs (higher timeframes) are especially good targets because the higher time means more volume during that time period than LTFs (lower time frames) The volume at a POC is too significant for traders to not bring the price back to it. Until the price the returns to that POC, the POC is naked. On Bybit's BTCUSDT perp market, the daily POCs from July 5, 6, and 7 are naked on a 1 tick bid/ask profile chart. The POCs are 20900 : July 7 20200: July 5 AND July 6 POCs (naked and virgin) POCs are points of control. They are prices that had the highest volume during a time period. The high volume at that price means traders are strongly motivated to bring the price back to that POC value. After a time period has closed, until the price returns to the POC of that period, in the jargon of order flow trading, the POC is called a naked or a virgin POC.
Short
by UnknownUnicorn17032407
₿ BITCOIN To the moon? 37k incoming? ₿₿ Referring to my previous post on Bitcoin in which I wrote that there is a high probability of a breakout from the double bottom (post pinned at the bottom) ₿ We can see that Monday and Tuesday trading session gave a new light of hope for a bump for this cryptocurrency. ₿ The level of 37k was seen from the fact that I measured the last 2 largest corrections of the downward trend, from this came out a cluster of levels 0.382 plus 0.618 fibo levels ₿ It should be taken into account that we are still in a downward trend but looking at the size of the volume bars (chart 1) You can clearly see that there have been huge purchases at the 18k-19k levels which are the biggest purchases of all time! ₿ For this reason, I just wanted to draw your attention to this cryptocurrency because I feel something big is coming up ₿ If you liked the analysis go to the profile and leave a mark :D
Long
by InvestMate
10
ILMN - Inverse H&S breakup, can it be trusted?An inverse H&S that formed over the last 5 months cummulating in a breakup yesterday. The marked increase in volume in the past week is encouraing and while the low of 173 on 17July (69% fall form it's peak) is likely to be "the low", it is probaby prudent to only buy small amounts now (in view of overall market volatility) and to add if we we a dip back towards the neckline (but not back below). We would have more conviction that an uptrend is underway if and when price could at least clear the horizontal resistence @ 259. There is nothing wrong should one prefer to wait till it can clear this level before establishing a trade as sometimes it's better to be later but surer. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMNLong
by Juliac