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Weiswave

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
GBPUSD - Going for Long - Are we going to break that ResistaceThe Story : We have hit resistance level and started going down Hit the Fib Area and started going up again On the way down we see an very high Speed Index - price is having a hard time to come down Finally a PRL long signal shows the way for a long - already at 55 pips Now the question is if we are going to break that resistance level considering the background the answer is yes but it's a bit risky because there another Fib area coming up right above this one
Long
by tdtrdview
EURCAD - Wyckoff Spring and Up we goI have split it the chart into two sections with a vertical line. The left section, the bearish move and the right section, the bullish move. To be able to read the chart you need to focus on three things : 1. price location (as far as structure) 2. Volume Wave size and 3. Speed Index Let start from the left: Coming down with down volume waves greater then the up volume waves and price move agrees by moving down. Notice the Speed Index on the down waves which they are on average side without any extremes except one , that 35.7 close to support which means that buyers might be coming in. Mid of chart We hit and break support, and do a false break Right side The immediate reaction after the fake break is a huge up volume wave. Ok buyers are in control (therefore I will not consider the short signals produced by the indicator but only the long). What's confirming that there is heavy buying apart from up waves and the price moving up are the down volume waves. Why is that? Check out the Speed Index numbers marked with the arrows. High Speed Index numbers and price keeps break up = byuing on the down moves Now let's look at current position and forecast. Currently we have touched the 50Fib and entering 50-61.8 Fib area. So there is a possibility to find sellers. Going Long is a bit of a risky but I think price could move easily to 61.8. Good luck
Long
by tdtrdview