Vp
Mountain to Mountain.This example of the CJ daily charts shows you how to trade mountain to mountain style, in other words between orderzones, when price rallies away from these areas of high transactions it flies to new mountain. Low VRVP bars show price will simply fly through it to find the buyers and sellers higher up!
Possible Completion of Head and Shoulders on GCNext week I will be watching GC, initially looking for a move higher back up the 2 Hr Supply Zone. I will be looking for a 5 wave impulse back to the 2 Hr supply and monthly high volume node where institutions will be able to fill and/or exit their positions. The one advantage we have being retail is we can see their footprints in the volume profile. They cannot exit or build positions in low volume. They have to do it where the volume is. Levels of High Volume will always be magnets because that is where accumulation and distribution can take place. That being said, I think we get a 5 wave impulse up to the the high volume, this could be the right shoulder, at which point it would make sense we chop around as distribution takes place and then we get a ABC correction back down to the demand zone with a potential target of the unchecked daily POC underneath the recent lows. That would be a completion of the head and shoulders, at which point the potential of a measured move to the downside would be in play. Obviously I have no idea if this will play out like this, that is just my weekly outlook as of right now. As you know trading is fluid and the plan could change but as of now this is my plan. Good luck to you all next week
LRC/USD 26/01/21 - Key Decision ZoneDuring the initial LRC pump, theres was a rotation area where strong buyers added to their longs, and the price continued to drive upwards from that zone - see left hand most volume profile.
This zone should have acted as an area of strong support as price settled down from the ATH, however instead price dived through this zone to a lower level.
This support should theoretically become new resistance, as it is where strong sellers added to their short positions - see right most volume profile.
There has now been a pullback, providing an opportunity for a good position long or short depending on the reaction to this key zone.
NOVN - New VP... Trend Continues Novan, Inc. is a biotechnology company, which engages in leveraging nitric oxide's natural antiviral and immunomodulatory mechanisms of action to treat dermatological and oncovirus-mediated diseases. Its products pipeline include SB204, SB206, SB208, and SB414. The company was founded by Mark Schoenfisch and Nathan Stasko in 2006 and is headquartered in Morrisville, NC.
SHORT INTEREST
837.72K 08/15/19
P/E Current
-4.17
P/E Ratio (with extraordinary items)
-2.14
Average Recommendation: OVERWEIGHT
Average Target Price: 6.00
