Volume
Inverse Head and Shoulders Pattern - SYNCOMFHey traders,
I wanted to share an interesting swing trading setup I spotted on the SYNCOM FORMU (I) LTD daily chart. The stock has formed a classic inverse head and shoulders pattern, which is a bullish reversal signal. This pattern is characterized by three troughs, with the middle trough (the head) being the lowest and the two outside troughs (the shoulders) being higher and roughly equal in height.
Here's the breakdown:
The left shoulder formed around mid-October.
The head was established in late October.
The right shoulder completed in early November.
The neckline of this pattern is around the 21.57 INR level, which the stock has just broken above, indicating a potential upward move. The target for this pattern is calculated by measuring the distance from the head to the neckline and projecting it upwards from the breakout point. This gives us a target around 24.93 INR.
Volume also supports this breakout, as we can see a significant increase in buying volume during the breakout. This adds more credibility to the bullish move.
For risk management, consider placing a stop loss below the right shoulder, around 20.48 INR. This setup offers a good risk-to-reward ratio, making it an attractive swing trade opportunity.
Happy trading and stay safe!
XAUUSD. Where to wait for the buyer's resumption?Hello traders and investors!
The price of gold is correcting. Let's take a look at where a reversal of the correction might occur for potential buy opportunities.
On the weekly chart, the last impulse started from the level of 2604.39. The key bar of the impulse (the one with the highest volume) is at its base. Currently, the price is within the range of this bar, but I don't see increased volumes on the daily timeframe. On the contrary, the volumes of the last three days are decreasing. Is there no buyer? We are waiting for the price to interact with the 2604.39 level, where a buyer might appear.
The next interesting range for a potential buyer resurgence is 50% of the last buyer's impulse on the monthly timeframe, which is at 2538.5.
Good luck with your trading and investments!
📈RUNE can go high to $40 level / Alt Season rally📉BINANCE:RUNEUSDT
KRAKEN:RUNEUSD
Hello Traders
Rune is one of my suggestions for the altcoin market.
You can clearly see that volume has increased continuously. ---> Highly potential for the alt rally season.
RUNE is the native token of the THORChain network. It represents a multi-purpose universal token that supports all functions on the THORChain network and helps run the protocol. RUNE is used in governance, for staking, bonding for validator Nodes, and trading.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
BTC correctionaccording to this LuxAlgo indicator, BTC can undergo a short correction. This is due to the red zone the price is in. The red zone indicates a low money flow, people do not buy or sell a lot in this zones. This suggests BTC is slighly overbought. At the other hand, the sentiment profile (at the left of the profilemap) shows a strong market, with even 100% change on bouncing futher to HH.
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. After Entry, Exit With in 5 Days, whether Target / Stop loss Hit or Not.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Note: Entry above High Only as shown on Chart as it is the confirmation of Trend Continuation
APTOS ATH Volume DivergenceAptos has printed an ATH in OBV whereas price still sits just above 50% of the value of the previous ATH in 2021.
Once the price catches up to the volume, it will be free sailing to head to $100.
Chart uses binary scales on the fibonacci tool with two different start points to plot.
Everyone selling GOLD to buy Bitcoin???Hey guys! New trading week is here, and we're entering market with Bitcoin ATH.
Today I want to talk a bit about gold.
And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle.
Also, as a confirmation, we can see that the volumes are descending and RSI is heading to low edge.
Seems like after BTC ATH some money are flowing from Gold to Bitcoin. The target by Fibo can be zones 0.5 and 0.618.
What you think, guys, is really people starting to reinvest money from real gold to digital gold? Let's discuss
PS. If you're planning to trade the movement, follow the risk ratio, which I marked.
MGC Short 11/10/2024MGC is in a sideways + down momentum in daily chart as price closed below 21EMA. It is in a downtrend in 4hr chart. Price is testing 4hr 21EMA and 200EMA. Placed a short in SZ above 4hr 21EMA (purple horizontal line) that broke high volume DZ (green box). Taking half risk because the zone is low volume. Risk= $124. Target= 1:1 and daily DZ (blue box).
AUD/JPY Day Trading Analysis With Volume ProfileOn AUD/JPY , it's nice to see a strong sell-off from the price of 102 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
USD/JPY continues the downtrendOn USD/JPY , it's nice to see a strong sell-off from the price of 153.930 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Weekly POC and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
EUR/USD Day Trading Analysis With Volume ProfileOn EUR/USD , it's nice to see a strong sell-off from the price of 1.07420 and 1.07800 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
FVG and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
How could we not lose this long position?We missed his entry point, but he had very good points😉
Pay attention, when the price was lowered, the volume decreased and when the price increased, the volume increased
It has had 4 collisions, after each collision that level weakens, with a weak reaction, before breaking the trend line, pay attention to how many base candles we put
You can also see the weakness of the sellers in the 4-hour time frame. You can see that the volume decreased when the price fell.
When you understand that the purchasing power is stronger, you can enter the strategy you have
As for now, I will wait for the market to make a structure🧐
If you want me to analyze a coin, tell me in the comment🫡
⚠️ Do capital management to survive ⚠️
SUI Sui is designed for fast transactions and low latency, making it ideal for applications such as gaming and retail payments. It is a permissionless, decentralized platform that utilizes the Move programming language for asset management.
The SUI token serves multiple purposes within the ecosystem. It incentivizes validators to secure the network and validate transactions, as well as being required to execute transactions on the Sui blockchain. Additionally, SUI is used to pay for transaction fees and operational costs.
Furthermore, SUI token holders have governance rights, allowing them to vote on network upgrades, with each vote weighted according to the number of staked tokens.
I believe a price point of at least 5 USD will be achieved within 1-4 months with only minor pullbacks along the way. But with all things considered market could tear itself a new arsehole in that time and fuck everything up.
COINBASE:SUIUSD
CRYPTOCAP:SUI
CRYPTO:SUIUSD
The BTC shows a strong breakout above previous resistanceUpward Channel and Trendlines: The two white trendlines form a steep upward channel. BTC has broken above a prior resistance within this channel and is now approaching the upper boundary, suggesting strong bullish pressure. The price moving near the upper channel line could face resistance, so it’s essential to monitor this zone for a possible pullback or breakout.
Long-Term 100 EMA Support: The 100 EMA (blue line) is positioned significantly below the current price, around the $71,745 level. This indicates that BTC is in a strong bullish trend, with this EMA acting as a long-term support level. If there is a retracement, the 100 EMA and the surrounding support levels might serve as key zones to watch for potential rebounds.
Volume Profile (VP): The volume profile on the right shows that there is a high concentration of trading volume around the $67,000 area. This zone, would likely act as a major support if the price were to experience a pullback. The current breakout area above $76,000 has relatively lower volume, which could suggest that the price may seek to consolidate at lower levels if momentum wanes.
Volume Surge: The recent breakout is accompanied by a surge in volume, indicating strong buyer interest. Such volume increases during a breakout are typically bullish indicators, reinforcing the likelihood of further upside. However, the price nearing the upper trendline suggests that it may soon encounter resistance.
Potential Scenarios
Bullish Continuation: If BTC manages to break above the upper boundary of the channel with sustained volume, it could continue its upward trend. A breakout above this upper channel could lead to accelerated bullish movement, targeting new highs.
Consolidation or Pullback: If BTC faces resistance at the upper channel line, it may pull back or consolidate within the channel. In this case, the $76,000 level will be crucial to monitor as immediate support. Further below, the $67,000 support zone (aligned with the volume profile) could act as a strong demand area.
Retest of Key Support Levels: A more significant pullback could see BTC revisiting the 100 EMA around $71,745 or the high-volume area around $67,000. This would still maintain a bullish structure if these levels hold, allowing for potential re-entry points in an overall upward trend.
Riding the Gold Wave: A Fibonacci Speed Resistance Fan AnalysisToday, we’re diving into an exciting analysis of Gold (XAU/USD) using the Fibonacci Speed Resistance Fan. This powerful tool helps us identify potential support and resistance levels, guiding our trading decisions with precision.
Chart Overview: In the chart, we see Gold’s price action from late 2023 to November 2024. The Fibonacci Speed Resistance Fan is meticulously plotted, originating from a significant low point in the price. The fan lines extend to key Fibonacci levels: 0.618, 0.5, 0.382, and 0.25. These lines act as dynamic support and resistance levels, helping us anticipate potential price movements.
Why This Matters: Gold has been on a bullish trend, and the Fibonacci Speed Resistance Fan provides a clear roadmap for traders. As the price approaches these fan lines, we can expect potential reversals or continuations. For instance, the recent pullback to the 0.25 level suggests a possible support zone, offering a buying opportunity for traders looking to ride the next wave up.
Trading Strategy:
Identify Key Levels: Use the fan lines to pinpoint crucial support and resistance levels.
Watch for Reversals: Look for price action signals (like candlestick patterns) near these levels to confirm potential reversals.
Set Stop-Losses: Place stop-loss orders just below the fan lines to manage risk effectively.
Ride the Trend: If the price respects the fan lines and continues its trend, hold your position and trail your stop-loss to lock in profits.
Conclusion: The Fibonacci Speed Resistance Fan is a valuable tool in our trading arsenal. By understanding and leveraging these dynamic levels, we can make informed trading decisions and maximize our profits in the gold market. Happy trading!
Mastering the Anchored Volume Profile: Setup & Tutorial on TVMastering the Anchored Volume Profile: Setup & Tutorial on TradingView 📊
The Anchored Volume Profile is a powerful tool that traders use to visualize volume distribution over a specified price range, providing critical insights into market behavior. Here’s a detailed description of its setup and usage on TradingView:
In this video, we will be going in-depth into the following areas:
What is the Anchored Volume Profile?
The Anchored Volume Profile is a specialized indicator that helps traders understand the distribution of traded volume at different price levels. Unlike traditional volume profiles that analyze data over a fixed time period, the anchored version allows traders to anchor the volume analysis to specific bars, candles, or price points.
Why Use the Anchored Volume Profile?
Identifying Support and Resistance Levels: You can easily identify key support and resistance levels by analyzing where the most volume has been traded.
Spotting Trends and Reversals: High-volume nodes can indicate areas of strong interest, helping to predict potential trend continuations or reversals.
Improving Entry and Exit Points: Knowing where the market participants are most active can significantly enhance your decision-making process for entries and exits.
How to set up the Anchored Volume Profile on TradingView:
Add the Anchored Volume Profile Indicator:
Click on the “Indicators” button at the top of the chart.
Search for “Anchored Volume Profile” in the search bar.
Select it from the list and apply it to your chart.
Anchor the Indicator:
Click on the anchor icon that appears on the chart.
Drag it to the specific bar, candle, or price point where you want to start your volume analysis.
Customize Settings:
Adjust the settings to suit your trading style. You can modify the range, color, and other parameters to better visualize the data.
Using the Anchored Volume Profile:
Analyzing Volume Nodes: Identify high and low volume nodes. High volume nodes often act as support or resistance, while low volume nodes might indicate potential breakout areas.
Understanding Market Sentiment: See where the majority of trading activity has taken place to gauge market sentiment.
Making Informed Decisions: Use the insights from the volume profile to make better-informed trading decisions regarding entries, exits, and stop-loss levels.