In my opinion the volume is starting to get weak for the bulls the last bullish wave was formed with low volume and it does not have the same structure as it had historically as it continued in this uptrend. I think this is going to be the beginning of the breakdown, which is normal considering the ATR is plotting a very high value right now, for today's daily...
Introduction to Volume Price Analysis + "Insiders" Volume Price Analysis (VPA) is the study of Insider Activity in the Markets. Who are Insiders? Insiders can be classified as a general term when studying the activity in VPA. The Insiders can be defined as the group of the most influential and largest capital investors in the market that include and are...
I am still tracking the financials and in particular Bank Of America. Today looks like there may have been a low volume test done by the insiders however it could also be just a weak market/free floating. The volume is critically low, this can be a sign of the beginning of a breakout by the insiders (big money) but it could also be an indication that price is...
I just wanted to take a quick look at Bitcoin because I just read in the news it reached $13,000 today, I think I just read it reach $12,000 last week. That to me sounded irrational and there is no way I think bitcoin can sustain a trend that accelerates that quickly for any length of time. In my opinion it is already accelerating at an irrational and inefficient...
I completed all of this analysis on the 5 minute chart however trading view does not allow for smaller time frames to be published. Therefore it's published as a 15 minute chart. It is pretty simple, I think price is going to continue bullish to the three target zones from the ascending triangle. It will be more accurate to track along with the 5 minute, I will...
Link Below: As well the idea is attached below as a "Related Idea" labeled Option Chains + Option Greeks:
It looks like the SPX is rallying in a nice bullish uptrend. The last three days have built some very weak framework for the bears, confirmed by the long legged doji displaying a tremendous amount of buying pressure. To me this suggests that the market is not going to continue bearish but will pivot and reverse. Currently price is at support of the trendline and I...
Journal Entry: Real quick I have created the targets on the screen using different Fibonacci retracement plots ending the 0% line at each of the signaled values represented as an orange line with a blue target. There has been two anomalies over the past trading sessions and the last trading session ended as a hammering long legged Doji. Possibly a sign that price...
Journal Entry: I am tracking along with most of the major financials and banks. I have left the analysis a little light on C compared to some of my other trading idea's however all of these stocks are tightly knit together and heavily correlated so I believe it will be fine the way it is, for now. I am also going to include an Intraday idea for C as well, that...
Journal Entry: I made a quick idea for the intraday time frame on C. It looks like price began trading in an upward moving channel after breaking through the price ceiling which has now become a price floor. The volume is declining and the anomaly that occurred I think was an indication of stopping volume; the insiders are keeping the market propped up at this...
I am tracking along with the financials and making another update to the 30 minute intraday chart for BAC. I like BAC the best out of the financials because Warren Buffet has invested so much himself in it and because the Bank is buying back about 17 billion dollars worth of shares this year. To me that is extremely bullish. Ok moving on to the current price...
Hi I am going to introduce a concept that I learned from trader, user-name gumbtg. Although the concepts were never formerly named while I was learning them from this young trader I have dubbed them "Break-Points" which are a class of intersecting points and can be used on any chart, time frame, or indicator. The concept remains the same through out each different...
Journal Entry: It looks like price is making it's second attempt to break through a historical price ceiling. However the last two tests of this price ceiling have happened within a short time period of each other relative to this stocks behavior (I will include the detail below). This is an indication that price is getting ready to break through this price...
Journal Entry: Ok I have updated the other two BAC idea's I have published however I wanted to draw in some updates therefore I am publishing a new updated idea to track along with the rally. After the new Tax Reform there is a lot of reason for a lot of stocks to rally, especially financials, according to many news articles which can be found on my twitter feed...
Journal Entry: I think the volume price analysis is unbalanced over the past few trading sessions. At first I was uncertain what this may be indicating but after I looked into this further I believe it is clear that the insiders are keeping the market propped up at this value and have the intentions to take the market higher. I have left various labels on the...
Journal Entry: I am drawing this intraday chart to track along with my daily chart. So far I have created all the drawings on the 1 hour chart and zoomed into the 30 minute. I made a couple adjustments for the 30 minute however other than that it is the same. It looks like the intraday chart has substantial bearish frame work with a Double Top on the Hour and a...
Journal Entry: I think I may see a possible retracement from the bullish wave. A double bottom or Big W had just completed it's formation and price is now testing a supply zone which may follow up with a slight response bearish consolidating just below the zone in a downward motion. I expect price to stay pivot at support which is overlapping the 50% line. Both...
Journal Entry: I have drawn a rising wedge and various lines of supply, demand, support, and resistance. I am targeting price to move lower to at least the first Fibonacci line. I am noting the bullish wave was created on declining overall volume and the bearish pressure is building on increasing relative volume. That's all the time I have tonight folks. Thank...