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Weiswave

LiteCoin (LTC) - Chart reading with Weis Wave with Speed Index Lesson 15 Methodology: 1. Largest up volume wave at the bottom after while (probable buyers but let's confirm using AVWAP and Weis Wave with Speed Index and it's Plutus Signals. 2. Placed AVWAP at the beginning of the previous down wave and wait for price to pullback to it. 3. Price Respects AVWAP. 4. Abnormal Speed Index 40.8 is a sign that price has a hard time to move down. 5. Enter Long on PL signal. ... and up we go!!!! Target Fib area which was reached! No entries now - Fib could risky!
Education
by TradeTheVolumeWaves
Cardano (ADA) Long using Lesson 15 MethodologyAlready first target was hit and moved stop loss to BE. Lesson 15 Methodology: 1. Largest Down wave on support (could have buyers in there) 2. Place AVWAP at the beginning of the down wave 3. Wait for price to cross upwards the AVWAP and pull back to it. 4. Wait for a Plutus long signal where in this case it was a PRL and up we go! Now this huge pin with the enormous volume worries me for sellers but since we got 1st target and stop is at BE I will let it run.
Long
by TradeTheVolumeWaves
DODGE - Short - This is how to read the short using Lesson 15Lesson 15 Methodology: 1. Fib 61.8 (sellers might come in on this level) 2. Highest up volume wave after a while (probable sellers inside) 3. Anchor AWVAP at the beginning of the up volume wave. Wait for price to cross downward and then pull back. 4. Highest down volume wave after a long time (sellers) 5. Price respects AVWAP acting as resistance 6. Enter Short on one more confirmation of weakness - Plutus Short signal PS ...and down we go!!! Enjoy!
by TradeTheVolumeWaves
Snoflake [SNOW] Wyckoff Bullish PatternsVery fundamental company. The last consolidation after very large drops is a good prognosis for an upward exit. It is necessary to focus on Wyckoff Wave Volume, which decreases at the bottoms. This means a decrease in selling pressure. There were two shafts with a very large purchase volume and a wave marked with volume 200. It was a very large sale that did nothing to the price. This sale was absorbed by buyers. This security has typical accumulation features. In my opinion, it is on BUY with a target of $ 140/150 For more analyses using price and volume and the Wyckoff method, subscribe to the profile
NYSE:SNOWLong
by VolumeDayTrader
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us. Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave: Key Concepts of Weis Wave Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure. Price Waves: These are the movements in price, which can be upward or downward. Recognizing Bullish Patterns Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation. Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive. Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend. Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume. Example of Bullish Patterns Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares. Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control. Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume. Using Weis Wave for Confirmation Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns. Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength. By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
NYSE:NIOLong
by VolumeDayTrader