The full view ESRSEzz Fadel Steel has a small last rise before the large drop of the strong support area below, as shown in the shaded area, and this will be a large gathering area for a large annual rise later
Volumespreadanalysis
The next dumpThe drop from the top was carried out in five motive waves, followed by a correction of three waves, and it was completed with a C wave, and there remains the work of five final strong bearish waves .. Let's look together what will happen
80% rais is possible?Two upward corrective waves were made, and a final C wave remains, five waves ascend, of which wave one and wave two have ended, and three final waves remain.
Ways to improve your chart reading Part 1 – VolumeIt is essential to look at volume when analyzing the charts. Volume equates to activity: it is either the number of contracts placed to the market during the duration of the bar (in the case of exchange volume ) or the number of price changes during the duration of the bar (in the case of tick volume)
It shows when and how the professionals (or as they are called in Wyckoff Volume Spread Analysis, the smart money) are acting. If the volume is relatively big, the smart money is buying or selling. Low volume means they are not interested.
So volume is one of the tools that not only helps us to understand what is happening on the chart, but also helps traders avoid serious mistakes in determining the further direction of the price movement.
Take a look at the Estee Lauder Companies, Inc (NYSE:EL) stock as an example.
This stock was in a down trend since August 2022. On October 20th 2022 we saw the first significant increase in volume on a down bar (the bar with its close price lower than the close price of the previous bar) followed by another price bar with big volume on the 24th of October and then by the huge volume spike on November 2nd. Professionals were active on those bars and they were buying!
The final confirmation that the stock is ready to move higher came on November 9th when after a few bars of sideways movement a down bar appeared on very low volume. This indicates the absence of professional interest in lower prices. Please note that on this day the trend of the instrument did not change to the up side yet and many traders still expected the down trend to restore.
While we are focusing on high-volume bars here, the example above also shows how low volume, when it appears at specific areas of the chart, can provide a lot of useful information too.
To be continued.
EURNZD high probability 3.5rr short tradeHigh probability Trade (3.5rr)
Volume Spread Analyse:
1. high volume: at low in comparison to high => at higher timeframe structure
2. high volume at low in comparison to high => at lower timeframe structure
=> high volume at low => means a lot of Liquidity/ Money at low=> high probability that the price reach this levels
=> 0.382 Fib. setup validation lvl triggerd
The rise of wave four or wave CThe currency has completed a three-wave decline, A, B, and C, or a five-wave decline, and a fourth and fifth wave remains, and this is what we will know with more data that will appear later.
What after the triple drop?A triple decline has been made and we are at the bottom or near the bottom of the descending C wave. After the current completion, a corrective rise is expected for the shaded area.. So let us see what will happen?
BTC/USDT - TECHNICAL ANALYSIS.according to monthly to weakly timeframe analysis i make some zones for bitcoin.
i am looking possiable move of btc at 2400 then goes to 18400.
personally i am taking ka long swing trade from 21400 our stoploss will be 17500.
taget 1st is 1:3 risk reward ratio 2nd target 1:5rr and 3rd is 1:7 or 10.
Fake Rise ?In my opinion, the rise that occurred in the number of two candles in the 4-hour frame is nothing but an imaginary rise only. It happened because the price returned to a previous support area, so the buyers appeared again, but they are weak, so the current selling is the strongest and dominant, and it is supposed to visit the next support area, so let us see
The decline is in controlTwo downward corrective waves have been completed and one final downward wave is left to complete three historical downward corrective waves.
Complete analysis of Telecom EgyptThe ascent for Telecom Egypt, I think, is over or nearing completion, with two peaks being made, and from which it will descend to test its historical bottom.
The last downward wave remainsThree upward compound waves have been completed, and two out of three corrective bearish waves have been made, and one last wave remains, and the corrective decline ends and a new ascent begins.
A big corrective wave is comingFive bullish historical waves have been created, and we are at the end of a fifth wave, and three bearish corrective historical waves are in progress.
Head and shoulders formationFive historical upward waves were created, after which three corrective waves followed for this rise, and two waves were completed, and a final downward wave remains in order to end the correction and start a new rise.. Let us see
Landing expectedA historical compound rise was made in three waves, followed by a historical correction in three other waves, and we are currently in the second wave nearing its end, and a third and final wave will descend in order for the historical correction to complete and a new impulse to rise at that time.
ETHUSDTIt is expected to drop to the shaded area to close the Wi-Fi wave, waiting for a severe drop that will take the alternative currencies with it
simple lesson in volume analysisWe are waiting for the effort downside bar to break this area and open a strong bearish trend to end the third downside C wave
Another Bitcoin analysisBitcoin is moving sideways for a period of time, and this could be a discharge, and it will be a fourth wave, and it breaks the bottom, a simple fracture, and then goes up again, a corrective rise ... so let us see the end of the correct scenario
Note: The old basic scenario is attached, and the new data is expected to give us the correct scenario
correction and then upA first wave has been created, and it is a leading Diagonal. Currently, a triple correction of the first wave is taking place. When the correction ends, it will continue to rise again.
On track to rise above 11%?An impulse wave was formed with a high volume, and a three-wave correction was made, so wait now for a final impulse upward, so let us see
Is it possible to visit the 2300 regions one last time?From my point of view, the coin will make an upward correction before resuming the decline again .. And what I see is that it came down in the form of a corrective decline + a positive divergence, so let's see what will happen
FLSY - Anatomy of a "Good" tradeHi All,
This is just to share on how I would approach a trade (as a trader).
1. Look for signs that the stock is forming a bottom (rounded bottom, inverted Head and Shoulders, Adam and Eve),
rising above 200 day MA, Golden Cross etc.
2. Check out its longer term charts (ie weekly and monthly) as you will likely see a clearer picture of it's direction.
3. Wait for some triggers (eg breaking above neckline especially on strong volume).
FLSY is a good example and had presented several good opportunities for several short term trades recently (could be held for longer term if one had entered earlier around 12.36 (1st Entry in chart) and didn't get stopped out.
1) On 2nd Feb (Initial Breakup), it gapped and broke up above this neckline (as well as it's 200 day MA), everything looks good except volume was just above average.
Well, this initial break up failed! Yes, it happens more often than we cared for, especially during the earlier phases of the trend, hence a conservative trader would prefer to wait for a pullback and long if the neckline proved to be a support.
2) on 13 Feb (1st Entry), FSLY once again gapped above the neckline and 200 day MA, but this time the volume was HUGE. However, this was prior to earnings announcements (2 days later, AMC). There is a possibility that earnings beat had been leaked, so if one decide to enter this trade, then it would probably be wise trade small.
3) on 16 Feb (2nd Entry), the day after earnings, which beat expectations (surprise surprise...LOL), many traders will FOMO into the stock especially as it rose above the previous candle's high around 14.20. This turned out to be a very profitabe trade (intraday).
Next day however, it formed a "Harami" candlestick (aka "inside bar"), showing indecision at this point. I would raise the stop to 15.30, slightly just under this "Harami" candlestick (which is already a 11% SL from its high @ 17.18). Those with a larger risk appetite could raise the stop to entry price (ie 14.20), allowing for larger volatility which could stop one out prematurely but be prepared to give back all profits if wrong.
4) FSLY had a steep pullback after all (due to poor market sentiment during the whole month of Feb) and found support only at 61.8% of it's large AB up swing. This was also within a prior "Resistance" but turned "Support" zone. It began to form small sideway candles (a signal to long if it starts to break above this "consolidation" range)
5) We had a Long trigger again last Friday (3rd Entry) as the stock started to rise decisvely above the consolidation high @ 14.20.
It turned out to be a large candle day, hence I would place initial stop loss just below this large candle (ie 13.55, a 5% initial SL).
There is a good chance this stop will not get hit (although nothing is guaranteed LOL).
Uptrend is underway for FSLY (above 200 day MA, with the shorter MAs (20 and 50) both rising. However, it could still experience large swings along the way and one has to manage the trade and raise the stops from time to time to protect profits. Just because one is stopped out does not mean the stock is spent. Sometimes it could be just periods of consolidation (short or long periods). Keep it on your watchlist as long as the stock has not shown signs of bearishness on a higher timeframe, set alerts for the next trigger.
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!
Is it possible to drop 30%?I see that on a 15-minute timeframe, it finished five downward waves, and indeed it made three upward waves, so it is supposed to make other downward waves for the specific support areas. Let's see
