TM 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed TE / T1
+ support level
+ volumed 2Sp+
+ weak test
- above first closed bullish bar level entry
Calculated affordable stop limit
1 to 2 R/R take profit
Hourly context counter trend
"- short impulse
+ biggest volume transitory extremum / T1
+ support level
+ biggest volume manipulation"
Daily context (trend)
"+ long impulse
+ T2 level
+ support level
+ volumed manipulation
+ 1/2 correction"
Monthly context (trend)
"+ long impulse
+ SOS level
+ 1/2 correction
+ support level
+ weak approach
+ volumed manipulation"
TM @NYSE
Sell Limit 200.85, GTC
Sell Stop 199.53 LMT 199.97, GTC
Volumespreadanalysis
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors!
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 2822 -2810.
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 471 - 454.
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
Volume Spread Analysis (VSA): Volume and Price DynamicsVolume Spread Analysis (VSA): Understanding Market Intentions through Volume and Price Dynamics.
█ Simple Explanation:
Volume Spread Analysis (VSA) is a trading technique that identifies key market patterns and trends by analyzing the relationship between volume and price spread, revealing traders' actions and market behavior.
Essentials in Volume Spread Analysis (VSA):
Laws.
VSA Indicator.
Signs of Strength.
Signs of Weakness.
Note that while the provided examples are excellent for illustrating the points, they are unlikely to play out perfectly in most scenarios.
█ Laws
Three basic laws forming the foundation of Volume Spread Analysis (VSA).
The Law of Supply and Demand
This law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply.
The Law of Cause and Effect
This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend.
The Law of Effort vs Result
This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly.
█ VSA Indicator
This indicator simplifies the identification of Volume and Spread Levels. It provides options to display volume and/or spread bars. An enhanced version of the indicator auto-scales both volume and spread for optimal chart presentation, reloading every time the chart is moved.
Levels: Representing the levels of both volume and spread using the terminalogy of low, normal, high, and ultra.
Indicator Version 1: Display volume and/or spread bars. When both are displayed, the spread bars are shown in a fixed quantity.
Indicator Version 2: Display both volume and spread bars, with the spread bars scaled to the volume bars.
█ Signs of Strength
Indicates that the market is likely to experience bullish behavior.
Down Thrust: Indicates strong buying interest at lower prices, suggesting a potential upward reversal.
Selling Climax: Signifies a reversal point as panic selling exhausts and smart money starts accumulating.
Bear Effort No Result: A large downward price move without strong selling effort (volume) indicates an anomaly where the result doesn't match the effort, suggesting the down move may be unsustained.
No Effort Bear Result: Strong selling effort (volume) fails to push prices down indicating an anomaly where the result doesn't match the effort, suggesting a potential lack of downward momentum.
Inverse Down Thrust: Shows buyers overpowering sellers, likely leading to a bullish market reversal.
Failed Selling Climax: Failed selling effort suggests strong buying support and a possible upward trend reversal.
Bull Outside Reversal: Indicates strong buying reversing a downtrend, confirmed by higher close.
End of Falling Market: Signifies strong buying absorbs panic selling at new lows, likely leading to stabilized price or reversal.
Pseudo Down Thrust: Suggests weakening of the downward momentum with a potential upward continuation if broken above high.
No Supply: Indicates a lack of selling interest at lower prices, potentially setting up for a price rise.
█ Signs of Weakness
Indicates that the market is likely to experience bearish behavior.
Up Thrust: Indicates sellers overpowering buyers during a price rise, suggesting a potential downward reversal.
Buying Climax: Represents peak buying, typically at price highs, with potential for reversal as sellers take control.
No Effort Bull Result: A large upward price move without strong buying pressure (volume) indicates an anomaly where the result doesn't match the effort, suggesting the up move may be unsustained.
Bull Effort No Result: Strong buying (volume) fails to drive prices higher indicates an anomaly where the result doesn't match the effort, suggesting a potential lack of upward momentum.
Inverse Up Thrust: Increased selling pressure during an uptrend suggests a possible shift to a downtrend.
Failed Buying Climax: High buying volume fails to sustain higher prices, indicating a potential reversal to downtrend.
Bear Outside Reversal: Strong selling pressure reversing an uptrend, signaling a potential downtrend.
End of Rising Market: Indicates buying saturation at market peaks, suggesting a possible reversal as demand exhausts.
Pseudo Down Thrust: Indicates weakening upward momentum with potential for downward continuation if broken below low.
No Demand: Indicates reduced buying interest at higher prices, possibly leading to a price decline.
SBUX 1H Long Swing Conservative Trend TradeConservative Trend Trade
+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
Calculated affordable stop limit
1 to 2 R/R take profit after volumed zone
before 1/2 monthly
Daily context trend
"+ long impulse
+ 1/2 correction
- before volume zone"
Monthly context countertrend
"- short impulse
+ biggest volume T1
+ support level
+ manipulation"
Exit strategy:
SBUX @NASDAQ.NMS
Sell Limit 76.55, GTC
Sell Stop 73.76 LMT 74.69, GTC
TTE 1H Long Swing Conservative Trend tradeConservative Trend trade
+ long balance
+ ICE level
- above 1/2 correction
+ biggest volume 2 Sp
+ support level
Calcualted affordable stop loss
1 to 2 R/R take profit
Daily context:
"+ long impulse
+ 1/2 correction
+ SOS level
+ unvolumed 2Sp"
Monthly context:
"Trend Trade
+ long impulse
+ 1/2 correction
+ SOS level
+ support level
- historical high"
OCO 4A: Sell Shares of TTE Limit at $70.83 (Good 'til Canceled)
OCO 4B: Sell Shares of TTE Stop at $68.76 Limit at $69.19 (Good 'til Canceled)
SBER 1H Long Swing Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ SOS level
+ support level
- above 1/2 correction
+ volumed 2Sp-
Calculated affordable stop limit loss
1 to 2 R/R take profit
Daily context:
"- short impulse
+ biggest volume transitional extremum / T1
+ support level
+ biggest volume 2S-"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
CVS Long Swing 1H Conservative Trend TradeConservative Trend Trade
+ long balance
+ support level
+ 1/2 correction
+ ICE level
+ volumed 2Sp-
+ volumed bullish bars
+ unvolumed bearish bars
Calculated affordable stop limit
25% 1 to 2 R/R
25% 1/2 of the daily range
25% Daily T1 level
25% Monthly 1/2
Daily context
"+ long impulse
+ T2 level
+ support level
+ 1/2 correction
+ exhaustion volume below"
Monthly context
"- short impulse
- unvolumed T1
+ support level
+ biggest volume manipulation"
TM Daytrade M5 Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ volumed transition extremum / T1
+ support level
+ volumed manipulation
- no trading signal (last M5 of the day)
Calculated affordable stop limit
Take profit $205.59
Hourly context:
"- short impulse
- unvolumed transitory extremum / T1
+ support level
+ volumed manipulation"
Daily context:
"+ long impulse
- biggest volume on top
+ T2 level
+ support level
+ volumed manipulation
- 1/2 correction?"
Monthly context:
" + long impulse
+ SOS level
+ 1/2 correction
+ support level
+ weak approach
+ volumed manipulation"
OCO 4A: Sell Shares of TM Limit at $205.99 (Good 'til Canceled)
OCO 4B: Sell Shares of TM Stop at $201.58 Limit at $201.70 (Good 'til Canceled)
TGT Swing 1H Long Conservative TradeConservative Trade
+ long impulse
+ Daily 1/2 correction
+ T2 level
+ support level
+ 2Sp+
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context:
"- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp+
+ weak test
+ 1/2 correction"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ close to 1/2 correction"
TGT @NYSE Bought Market, Day
Profit Taker Sell Limit 150.02, GTC
Profit Taker Sell Stop 144.77 LMT 146.70, GTC
BTC. Buying opportunitiesHi traders and investors!
The price followed the bearish scenario from the previous review and reached the anticipated target of 60200. It's time to update the possible scenarios.
Daily Timeframe Analysis
Let me remind you that on the daily timeframe, the price has been in a sideways range since February 2024. The buyer's vector 10-11 is currently relevant with a potential target of 72797. The buyer has not yet been able to reach this target. The seller formed a selling zone at the end of the incomplete buyer's vector 10-11 (red rectangle on the chart, lower boundary of the selling zone 66060.31) and pushed the price down to the lower boundary of the sideways range at 59005. Since the price is near the lower boundary of the sideways range, the priority is to look for buying opportunities. Let's look at the lower timeframes.
Hourly Timeframe Analysis
On the hourly timeframe, the buyer is currently trying to start a long trend. The price has overcome the beginning of the last seller's impulse (60548.46). This level is currently key. Protecting this level by the buyer and/or forming a new impulse will start a long trend, confirming the presence of the buyer. A move below 60548.46 and protection of this level by the seller will form a sideways range where intraday trades can be sought from one boundary to the other.
Buying opportunities
Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe:
the buyer protecting the level 60548.46 (aggressive strategy),
forming a new buyer's impulse on the hourly timeframe and the buyer protecting this impulse (semi-aggressive strategy),
after the buyer absorbs the daily candle of June 24, 2024 (conservative strategy).
The potential target is 72797.
AFFLE - A stock to watchThe stock has been moving almost sideways for more than two years. Early this year it attempted to take out the old price rejection zone of two years at 1336 level, it failed and it was pushed down again below the 200 DMA. From there it started recovering and in the month of May the stock did make an attempt to take out this price rejection zone. It failed and again was pushed down below the 200 DMA. Now again it is making an attempt and it is crossed the rejection zone with a “Buying Climax” like Bar with a with widespread up bar on very high volume. Now the level 1390 is very significant now because once the price goes above this level it would cross the previous resistances from 2022 and also it would go above the supply shadow of the “BC” like bar which happened today. A bullish close above 1390 will take the stock higher. All other parameters like Relative strength, Money Flow, Buying Pressure and Momentum seem to support. The up move could struggle till 1510 level above which the ease of movement would be much better.
CME 1H Long Swing Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ biggest volume T1 level
+ biggest volume 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Takle profit:
+ 1/3 1 to 2 R/R
+ 1/3 to a Daily CREEK
+ 1/3 to a monthly 1/2
Daily Context
"- short balance
- unvolumed ICE level
+ support level
+ biggest volumed of the Day wave"
Monthly context
"+ long impulse
+ 1/2 correction
- volumed T2
+ support level
- unvolumed manipulation"
ETH. Buying opportunitiesHi traders and investors!
The seller's vector 9-10 reached its mandatory target in the sideways range on the daily TF from the previous review. It's time to update the possible scenarios.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways range that began in February 2024. The seller's vector 9-10 reached its mandatory target with a low of 3240, and now the buyer's vector 10-11 is relevant with a potential target of 3977. The first obstacle for the buyer is the high of the last seller's bar at 3435. The price has not yet interacted with this level. Since the price is at the lower boundary of the sideways range on the daily timeframe, it makes sense to start looking for buying opportunities. Let's look at the lower timeframe.
Hourly Timeframe Analysis
On the hourly timeframe, the price has formed a sideways range. The seller's vector 4-5 exited the boundary of the range, and then the buyer absorbed the attacking range boundary candle of the seller, forming a buyer's zone at the end of the seller's vector (blue rectangle on the chart). Currently, the buyer's vector 5-6 is relevant with a potential target of 3653. The price is at the lower boundary of the sideways range on the hourly timeframe, so it makes sense to start looking for buying opportunities.
Buying opportunities
Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe or from the idea of realizing the buyer's vector 5-6 in the sideways range on the hourly timeframe.
From the protection by the buyer of the lower boundary of the sideways range at 3362 on the hourly timeframe.
From the protection by the buyer of the level 3345, which is the test of the seller of the formed buyer's zone at the end of the seller's vector 4-5 on the hourly timeframe.
From the protection by the buyer of the level 3240, which is the test of the seller of the formed buyer's zone at the base of the buyer's vector 8-9 on the daily timeframe.
After the buyer absorbs the daily candle of June 24, 2024 on the daily timeframe (conservative strategy).
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TGT 5M Long Aggressive DaytradeAggressive Trade
- short balance
- volumed expanding ICE
+ biggest volume Sp
+ weak test
- above first bullish bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
Hourly context:
"+ long impulse
+ 1/2 correction"
Daily context:
"- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp+
+ weak test"
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ close to 1/2 correction"
If the day closed bullish I'll double up
TGT @NYSE Sell Limit 146.11, GTC
TGT @NYSE Sell Stop 141.69 LMT 143.16, GTC
PFE Long 1D Conservative Trade DCAConservative Trade
"+ long balance
- volumed expanding ICE
+ support level
+ volumed 2Sp-"
Monthly context
"- short impulse
+ 1/2 correction of 15 years long trend
+ historical volume
- resistance level"
There's no trading signal, but I like volume distribution on daily, so started to accumulate shares little by little.
No stop loss or take profit at this point, we'll be adding as we go.
VZ 1H Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short balance
+ expanding ICE
+ biggest volume 2Sp-
+ weak test
+ first bullish bar close below entry
Calculated affordable stop limit
1 to 2 R/R before 1/2 of monthly take profit
OCO 3A: Sell VZ Limit at $40.35 (Good 'til Canceled)
OCO 3B: Sell VZ Stop at $38.91 Limit at $39.39 (Good 'til Canceled)
Daily context:
"- short impulse
- unvolumed T1"
Monthly context:
"+ long balance
+ historical 1/2 correction
with exhaustion volume in the end
+ initiative take over
+ ICE level
+ volumed? 2Sp
+ test"
BLS - Gearing up for 15% - 20% move ?In early Feb, the stock faced price rejection around 430 levels and was pushed back to the 200 DMA levels. From there, it has been consolidating for almost three months. Now it is attempting to move up, it is about to cross the current price rejection level at 358. The relative strength is also turning positive and the money also started flowing into the stock. The volumes have been increasing including the delivery volumes indicating committed buyers are stepping in. The momentum has and Buying Pressure have been increasing recently. Once we have a positive close above 358 levels, we could see the stock testing the supply zone around 430 levels. This is a stock to watch.
CENTUARY PLY - Moving out of the Accumulation Zone. The stock has finally moved out of the consolidation zone. Late last December, the stock met with price rejection around 850 levels and it was pushed down below the 200 DMA levels. Then it started consolidating for almost three months now. The money flow had started increasing for the past month and the relative strength also started showing signs of recovery. Today, the stock moved out of the consolidation zone with a gap-up opening and a widespread up-bar. Of course, it did meet some supply. as we can see, the close was almost in the upper mid of the bar. The stock also moved above the short-term and the long-term moving averages and we can see the convergence of the averages as well. The relative strength also is moving into the positive territory. The volume has also started increasing and we can see increase in delivery volumes as well. The momentum has been positive for almost a month now. Looks like the stock is now poised to test the rejection zone at 850 again. However, we need to see some increase in the relative strength and the momentum as well. There is also a possibility of a retest of the accumulation zone.
Conservative Investment Trend Trade HD LongMonthly Trend Trade
" + long impulse
+ 1/2 correction"
Daily Conservative Trend trade
"+ long impulse
+ 1/2 correction
+ ICE level
+ support level
+ biggest volume Sp"
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Broker set up:
May-20-2024
Buy HD at Market (Day)
May-20-2024
OCO 3A: Sell HD Stop at $332.37 Limit at $337.86 (Good 'til Canceled)
May-20-2024
OCO 3B: Sell HD Limit at $348.84 (Good 'til Canceled)
GREENPLY INDUSTRIESThe stock was moving up and in the last week of February, it encountered a BC bar or a buying climax like bar. Then because of the supply of the BC bar, it was pushed down to the 200 DMA levels. From there, it started recovering. Then it attempted to take out the Supply shadow of the BC bar but did not succeed. Then again recently did try to go into the shadow of the BC bar. It was struggling and pulled back a little and then now it has moved past the supply shadow of the BC bar. It would mean that all the supply has been fully absorbed now and the stock would be ready to move up. As you can see, the relative strength is becoming positive and the money is also flowing into the stock. The momentum is also positive and increasing and the volume has also increased. Also, we can see the good increase in the delivery volumes indicating committed buyers stepping in. Now with a positive close above 287, the last close would take the stock into the next higher trajectory. So, it is a stock worth watching.
GRANULES - A stock to watchThe stock after facing price rejection around 466 to 480 area was pushed down to the 200 DMA levels. It took support from there and started moving up and now it's making a higher high and higher low. The relative strength is also positive and we can see good volumes coming in. Money is flowing into the stock and the momentum is also positive and increasing. Also, we can see good increase in the delivery volumes recently indicating committed buyers stepping in. A bullish close above 480 would take the stock to the next higher trajectory.
ADANI PORTS - Ready to Move to next upper Trajectory?The stock on its upper trajectory faced a price rejection around 1425 levels and it was driven down to below the 50 DMA levels. From there it took support and then started recovering. Recently there was an attempt to take out the price rejection zone but that move did not succeed and it was pushed back to test the price rejection zone. Now it is again attempting to take out the rejection zone. We can see increasing momentum and also the relative strength is positive. The money flow needs to become positive. We can see some increase in the volume as well. Now this stock is likely to succeed in taking out the rejection zone. A good close above 1457 would take it to the next upper trajectory.
UNION BANK - Gearing up for a Break out?The PSU bank index has been moving in a slightly inclined upward channel showing positive bias. However, this stock has been moving in a sideways range for almost four months now. Now the stock is testing the top of the sideway range. The MFI indicates money is flowing into the stock. The momentum is also positive and increasing, the relative strength is also turning positive. We can see increases in the volume as well. Also, we can see increases in the delivery volumes indicating some interested buying coming in here. The minor trend and the immediate trend are also up. Looks like the stock is gearing up to break out of the range and move into the next higher orbit. So the level to watch out is 162. This stock should find a place on your watch list.