$SMMT Support Level for Put SellingLooking to sell some weekly expiration puts on SMMT at the 9 strike price. I think we have room to fall but 9 seems like a nice level to pick up some shares should it make it. Nice premiums.
Volume
$TSLA Support Found at Yearly Anchored VWAPIt appears Tesla NASDAQ:TSLA might have found significant temporary support at the yearly anchored VWAP. I expect a move up to test upper deviation at 226.50, which would be first profit target. I own some Oct 4 240 C which I plan on scaling out of beginning around that level.
USD/JPY Day Trading Analysis With Volume ProfileOn USD/JPY , it's nice to see a strong buying reaction at the price 145.620.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUD/USD continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.67970. 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.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
ES (S&P 500 Futures) - Day Trading Analysis With Volume ProfileOn ES (S&P 500 Futures), it's nice to see a strong buying reaction at the price of 5616.50.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Symmetrical triangleGood volume buildup in daily as well as in weekly time frame.
Symmetrical triangle breakout with good volume.
Smallcap⚠️⚠️.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
Parallel ChannelGood volume buildup in daily timeframe.
Parallel channel breakout with good volume.
Fundamental's are good.
NOTE: I do my analysis, do yours before trade.
ATH breakout and retestFundamentals are good enough.
Smallcap⚠️⚠️.
ATH breakout and retest on trendline successfully with good volume.
NOTE: I do my analysis, do yours before trade.
1st resistanceGood volume buildup in daily as well as in weekly timeframe.
Breakout of 1st resistance with good volume.
Price is in uptrend, lots of indication.
Smallcap⚠️⚠️.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
7 year old high breakoutGood volume buildup in daily as well as weekly timeframe.
7year old high breakout with good volume.
Smallcap⚠️⚠️.
Cup and handle pattern formation.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
Parallel channel Good volume build up in daily timeframe.
Parallel channel breakout with good volume.
Smallcap⚠️⚠️.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
2 year old trendlineGood volume build up in daily as well as in weekly timeframe.
Price is above 200 ema.
Breakout of 2 year old trendline with good volume.
Price is now in overbought zone, wait for pullback, for breakout conformation.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
Technical Analysis on Alibaba (BABA)Alibaba ( BABA ) has been in a long-term downtrend that began in October 2020. In the medium term, however, the price has entered a phase of compression, suggesting a possible pause or reversal of the trend.
Analyzing the volumes using the Volume Profile, we can see that the price is currently caught between two key Points of Control (POC):
POC 1: A significant volume level that considers the entire historical data of the stock, located around the $80 area.
POC 2: A medium-term POC that reflects the current phase of compression.
Bullish Scenario:
To consider a potential bullish scenario, it will be necessary to wait for the price to reach POC 1, located around the $80 area, followed by a breakout and a possible retest of the descending trendline. The first significant resistance and target for this bullish scenario is around the $120 area.
Bearish Scenario:
For a continuation of the downtrend, it is important to monitor the price in relation to the two POCs. If the price drops below both levels and breaks the ascending line, with a possible retest, we could see an extension of the downward movement.
Technical Analysis on AMD (Advanced Micro Devices)Analyzing the historical performance of AMD , a key turning point is evident that marked the beginning of the current bullish phase—starting at the end of 2015. During this period, the stock held an important support level, followed by a decisive breakout of the bearish trendline.
On a daily timeframe, this breakout was accompanied by a gap up, known as a breakaway gap.
During the upward phase, the stock experienced pullbacks ranging from 40% to 60%. The most recent pullback, which began with a Shooting Star candle, was 45% and stopped precisely at a crucial Fibonacci level of 0.618.
Bullish Scenario:
To confirm a continuation of the bullish trend, AMD must first surpass the $160 area and then the $190 area, a range characterized by significant volumes.
Bearish Scenario:
If the stock fails to exceed these two levels, it could continue its retracement by breaking the ascending trendline. Two potential entry levels can be found in the POC area around $180 and the support area around $95.
2281: Watchout for SupportPrice is moving within Ascending Parallel Channel after breakout
Last corrective movement is after double top formation
Price is at POC (Volume Profile) which is another support level
if it breaks, price may fall to channel bottom
Watchout for entry after confirmation
SPY shows signs of breakthough to the upsideSPY recent day of trading gave an overall picture that this flat trading is coming to close with a potential rally coming.
Gapped up for second time in the 2 days
Sold off slowly with low volume
The rally in late day spurred by smart money with increasing volume
Stock breaks through upper resistance for first time
SPY is showing a strong bullish signal indicating a longer term rally to come
XAUUSD - GOLD NEXT WEEK EXPECTED MOVEMENTThis is my personal technical analysis and is not financial advice. Do your own analysis before taking any trade on your Real Account.
This is only for Educational Purposes.
QQQ gives more strength to its bullish turn aroundToday QQQ started with another gap up breakout for the 2cd day in a row. Stock retraced then rallied again in the late day.
Stock gapped up again doing another breakout weakening the week long sell off trend.
Retracement that was expected sold off less and at slower pass than the day before
Late day smart money jumped in and pushed the stock to higher highs
Volume experienced a massive spike in last moments of trading which can be indication of price exhaustion. This should cause a temporary pull back next trading day
Overall the bull thesis for QQQ is getting stronger each day.
Technical Analysis on Intel (INTC)Using long-term volume analysis with the Volume Profile, we observe that Intel's ( INTC ) current price has moved below a significant monthly Point of Control (POC). To gain a clearer perspective, it will be crucial to wait for the monthly close to determine whether the price remains above or below this POC level.
By zooming in to the daily or H4 timeframe, we notice a potential rounding formation in both the candlesticks and volume, indicating a possible shift in trend direction.
Bullish Scenario:
To confirm a bullish scenario, it will be necessary to wait for a monthly close above the POC. This signal will be strengthened if the volumes increase as well.
Bearish Scenario:
If the price stays below the POC, the bearish scenario suggests potential targets, as illustrated in the image below. It may be possible to consider short entries at the levels indicated as Target 2 and Target 3.
Roku LongThe consolidation brought in a buyer above the support. Looks like it could continue its run unless a seller shows up soon.
Waiting for WTI rebound. H4 30.08.2024 Waiting for WTI rebound
Oil WTI has been flattening with pullbacks all week, which is exhausting. My top-up was knocked out together with the rest of the last buy. Although the total plus came out due to partial fixation. Now the price is back to the key support area, it went down to the buyers' zone 73.34-72.63 and near the specified 1/2 margin. There are no large volumes, which is confusing, but they can make a buyback. Therefore, you should look here for confirmations on your strategy. If pushed the zones below, then the price will go to 71.
