Volume Indicator
CADJPY Price Apex|Daily Support|Low Volume|Local ResistanceEvening Traders,
Today’s Analysis – CADJPY- trading in its Apex (Moving Averages converging) at daily support.
Respecting the 200 MA will push price to a retest of local resistance.
Points to consider,
- Price equilibrium
- 200 MA confluence
- 21 MA Resistance (Apex)
- Oscillators neutral
- Volume below average
CADJPY is trading in a valid equilibrium; a break is imminent at any moment as price is in its apex.
The 200 MA is in confluence with daily support, this ways more significance then the 21 MA resistances only, thus the probability breaking north is slightly higher.
The RSI and Stochastics are flat given price is holding support in an equilibrium. Breaking out of the apex will directly coincide with the strength and momentum projected by the oscillators.
Volume is key as it is currently below average; this is to be expected when price trades in equilibrium, a sign that an impulse move is imminent
Overall, in my opinion, CADJPY has strong support confluence giving it a greater probability of breaking north. Respecting the 200 MA will push price into local resistance for a retest. Price must break out of its apex with increasing
volume to avoid fake outs.
What are your thoughts?
Please leave a like and comment,
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
JSE:ITU Intu Properties Buying Taking PlaceI was asked my view on Intu Properties but before I start I want to note that this is exceptional circumstances where we are looking at weak stocks in a weak market and looking to buy them. But here we are. So again like so many other stocks Intu has been training in a longterm downtrend but has gone oversold and now the big money is buying stocks at bargain prices. For Intu someone was buying below R1.00. Now we have seen volume increase and price push above the trading range showing signs of strength (SOS). After the break, we have seen a pullback on lower volume. We can see the pullback continue to back to about R1.00 but then we could expect the markup to start back to around R6.50 to R7.00 were there was the previous volume spike. This gives us some room to play. However, please be careful this is a counter-trend trade and SL and trade management becomes very important.
ONTBTC Trade Inv. H&S| Volume Profile| 200 MA Resistance Evening Traders,
Today’s Analysis – ONTBTC – breaking its neckline zone if it’s Inverse head and shoulders. A retest and hold of the .618 Fibonacci is a long opportunity with defined risk.
Points to consider,
- Macro Inv. Head and Shoulders
- Neckline support (Retest)
- 200 MA Immediate Resistance
- Oscillators Neutral
- Volume Profile in synch
ONTBTC has broken out of its macro bullish pattern; the technical target is in confluence with structural resistance.
The Neckline retest will allow for a long entry with defined risk. The S/L placement logically is at the recent thrust candle.
Retest and hold of the neckline will solidify it as support and further confirm the reversal pattern.
Immediate resistance is the 200 MA, price initially has respected it. Breaking this resistance will be very bullish; reaching the technical target will become more probable.
Both oscillators are neutral in retrospect with the pattern. Trading above the 50 level gives a bullish bias in the market.
The volume profile is in synch with the pattern, the recent volume spike confirmed the neckline break. Volume follow through will be key when reaching the technical target.
Overall in my opinion, ONTBTC has a very clear inverse head and shoulders at play. Retest of the neckline, (.618 Fibonacci), is a valid long entry with defined risk. Breaking above the 200 MA will increase the probability of reaching the technical target.
What are your thoughts?
Thank you for following my work!
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
JSE:GFI Gold Fields Gold on the move.Just like Anglo Gold Gold Fields has seen an increase in volume and is pushing off resistance become support continuing the markup that had started.
JSE:ANG Anglogold on the Move AgainAfter a pullback to breakout levels volume has increased at resistance become support. Together with negative divergence on the volume RSI this points to a healthy continuation in Gold stocks.
JSE:SOL Sasol Good VolumeIt could be time for the push to test R180 again. Good volume and higher highs are indicating that the move to R180 is about to start. Will be watching this week.
JSE:APN Aspen still looking for a test of R200Aspen has been in a downtrend but after going oversold (see below) we have been following the recovery to the top of the channel. Some negative divergence points toward a continuation of the smaller uptrend that has been formed.
JSE:DCP Dis-chem Breaking the Downward StrideDis-chem has been in a downward stride but after a short accumulation with a spring, the trendline was broken. After a backup (BU) it looks like it will break higher and test the yearly pivot point.
GBPJPY Bear Impulse | Structural Resistance| Range Support Evening Traders,
Today’s Analysis – GBPJPY – clear impulse bear move from resistance, next structural target is range support.
Points to consider,
- Impulse sell off
- Range mid-point (bearish retest)
- Range support target
- Oscillators overextended
GBPJPY had an impulse sell off putting in a volume climax node, marking an end to the temporary sell off.
Range mid-point has been tested with a bearish retest, failure at a second attempt will solidify the level and make the immediate target – range support.
Both oscillators are coming off from oversold conditions, breaking below 50 will signal weakness in the market.
Overall, in my opinion, price is likely to test range midpoint, failure to break will increase the probability of testing range support.
What are your thoughts?
Please leave a like and comment,
And remember,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
BITCOIN WEEKLY CHART/ PRICE PREDICTIONS FOR MONTH OF JUNEA lot of people we're anticipating macro levels to pull back to 8k's and high 7k's, however, i think we've seen a PA reversion and I'll remain confident in my strategy as long as 9000-9300 is support. Anything under 9300 for too long and likely we retest 9k or even high 8k's to prove how strong the support really is at 8100-8600. I've been trading this chop and thought I've been accurate, however during price action like we're seeing less trading is more. A good time to step back and use low leverage/low contracts to really see things from a logical standpoint. Daily close above 9400 would be nice, 9500 would be better....below 9400 is no mans land and no trading zone. Be smart about your trades and especially when BTC is constantly going sideways for stop hunts/over lev'd traders.
That's all from me for today, please comment your price predictions for the month of June, i LOVE connecting with other traders and sharing idea's & TA'S.
Let's make this space great again, forever.
Let's change the world.
JSE:ANH ABInbev still holding for a test of R1200Following the post in March (See below), we are still holding for a test of R1200. There has bee a pullback after a reaccumulation range on lower volume and we are looking for a push higher to complete.
JSE:SOL Sasol Still looking for a test of R200We have been following the bounce on Sasol from the selling climax in March. After closing the gap we have seen a pullback on declining volume. This could be a preliminary supply or a buying climax. We will have to wait and see. We are now again looking or the test of the 200 Day MA and test of R200. Once this has occurred we will follow the larger timeframe range that is forming.
SPY Bullish or Bearish ? Trend Channel|200DMA|Pivot PointEvening Traders,
Quick Analysis on the SPY - trend is still bullish until the channel is broken.
Points to consider,
- Channel Resistance Respected
- 200 DMA Confluence
- RSI Support
- Stochastic Momentum Down
SPY is in a technical channel testing support that is in confluence with the Daily 200 MA, a bounce here is probable.
Breaking support will mean breaking market structure, SPY will then have bigger problems
The RSI is technically on support sitting above 50, breaking this will indicate weakness in the market.
Overall, in my opinion, the uptrend is still intact, the market remains bullish until the channel is broken
Hope this helps!
And remember,
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
NZDUSD Short Liquidity| Daily Resistance| Local Support Target Evening Traders,
Today’s Analysis – NZDUSD – impulse move above daily resistance with an immediate sell off, indicating a liquidity pool.
Points to consider,
- Impulse bull move ( Volume Climax)
- Short liquidity (Daily Resistance)
- Bearish Engulfing candle (Short Selling)
- Local Support target
- Overextended Oscillators
NZDUSD’s impulse bull move ended with a volume climax node, indicating a temporary top.
Price closed candles above daily resistance with no bull volume follow through allowing for short liquidity.
Confirmation was on a bearish engulfing candle back below daily resistance.
The Oscillators are both recovering from over extended levels, a lot of stored momentum to the downside.
Local support is the immediate target, price respecting this level will confirm an S/R flip.
Overall, in my opinion, NZDUSD is likely to impulse down if this is a true liquidity grab. A bounce is likely at local support as this is a technical trade location.
What are your thoughts?
Please leave a like and comment,
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
ETHBTC Double Bottom| Apex| Lower Highs|Break Imminent Evening Traders,
Today’s Analysis – ETHBTC – Trading at key structure, daily structural support is in confluence with down the down sloping resistance, ETHBTC is in its Apex.
Points to consider,
- Double bottom trend
- Trend line resistance (Lower highs)
- Daily Structural Support
- Stochastics overextended
- Apex (break imminent)
ETHBTC is trying to establish a trend chance by putting in a valid double bottom . Breaking resistance will further solidify the double bottom as the neckline will be breached.
This will also negate the lower high projection
Daily structural support is in confluence with resistance, hence why ETHBTC is coiled up in its apex.
This is an indication of a break being imminent.
The stochastics is in the upper regions, a lot of stored momentum to the downside. ETHBTC usually has an impulse move down with stochastic momentum from current resistance.
Overall, in my opinion, ETHBTC is at pivotal point in the chart, price is coiled up in its Apex , indicating a volatile move being imminent. Break in either direction will give a direction bias for a long
or short.
Breaking bearish will be a sign of a possible larger pattern being at play, the Descending Triangle
What are your thoughts?
Please leave a like and comment,
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
RLCBTC Weekly Falling Wedge|Local Resistance|Technical Target
Evening Traders,
Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation.
Points to consider,
- Local Resistance (Key level)
- 21 MA (Visual support)
- Technical Target Confluence
- Stochastics Buy Cross
- RSI Breaking 50
- Increasing Volume
RLCBTC needs to close this weekly candle above local resistance, this will allow for the smaller time frames to back test the level (S/R flip retest) for a long entry.
The 21 MA will act as a visual guide; price trading above this indicator will be very bullish .
The target for the falling wedge is in confluence with structural resistance – discretion needs to be used here for when taking profits.
Stochastics has a valid buy cross, indication of momentum shifting on the macro time frame. The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market.
Volume is noticeably increasing, this must sustain on the weekly time frame from continued follow through.
Overall, in my opinion, RLCBTC next most important move is closing above local resistance on the weekly. This will validate a true break of the falling wedge and allow for a risk defined entry.
What are your thoughts?
Please leave a like and comment,
And remember,
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
Market Dynamics Market Dynamics.
On the HTF I’ve been Bullish so still sticking to my bullish sentiments .
Entry at $9500 - still holding position .
My thoughts for today?
Btc on the 8hr timeframe showing controlled or less supply- and you know what happens when there is less supply ? - MORE DEMAND. ( this pushes prices up.
However on the 4hr chart there seem to be some supply to be mopped up . If supply is low on the 4hr close prices could rally up .
If supply is high price could see lower figures .
If demand exceeds supply price will break the 9700 resistance and rally up to the next resistance $10,060
Next 4hrs - 8hr close should give an idea of the final direction of the trend . 🤞🏽
- Indicators printing bullish signals
-HTF -MiD TF- bullish
Nb- just my thoughts not financial advise .
#speculations #risktoreward
4 HR BULL DIVERGENCE NEXT 12-24 HOURS 9700 TURNS SUPPORT?????Currently been in the works of planning and creating my potential long term trading position for #BTC. After doing numerous technical analysis throughout the last 2 months I've came to the conclusion we've slowly been transitioning from the 2 year downtrend (we just broke resistance at 10k) but then that death candle appeared out of nowhere. That was a stop hunt in my opinion and nothing but attracting more liquidy to the market to create stronger momentum for a bullish divergence to in fact play out. We've now tested the 10k resistance level 3 different times and have wicked above it another I believe. December 4th 2017 is when we peaked at the price of $20,154. It wasn't until June of 2019 where we decided to take another shot at the big 10k resistance level. We have VERY strong support at 9494. thus being said, we've been consilidating and in the 9k region for some time now and ranging above 8500 since April (it's now June so 3 months) and the last week have found support in the 9400 region. Even after the massive red candle today the bulls have recovered and showed they're serious about potentially planning a big move either this month or maybe July. Anything is possible but this is just my thought process and everything going on in my mind when making decisions for my position I've entered. Thinking with logical and rational and seeing things for how they are is very important especially for such a high risk asset like BITCOIN (thats what i find so interesting about it). This whole Technical Analysis I've done tonight has showed me it might be time to spook bears on a regular bias. BTC loves to thrive off evil situations and 2020 is a perfect time to breakout of the 2 year downtrend. June could be the start to BTC history in the next 1-30 years.
JSE:APN Aspen at Important PointAspen is at an important decision point. It is a level of previous volume at R140 where selling occurred. We have been following the stock signs of strength (see posts below). The relative strength is good and volume is increasing as price increases. However, the volume push is declining. The stock still looks strong but we may see a pause at this level. However, a clean break could result in a quick move higher.
JSE:SOL Sasol Time to Close the Gap?The market volume has been low but it could be time for some action. We have been following the bounce in Sasol since the selling climax (see the posts below). We have now are again pushing the level formed by the gap. The previous attempt has been overcome. Volume is higher during increases and lowers during on decreases. There is negative divergence on the volume RSI also indicating a continuation. Let's see what the week brings.
Facebook Stock is for Buy nowThere are several buy signals with a relatively high volume showing a good opportunity to buy this stock
XTZUSDT Macro Levels| Declining Volume|.618 Fibonacci ResistanceEvening Traders,
Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested.
Points to consider,
- Trend bullish (consecutive higher lows)
- Trend line support holding true
- Current resistance .618 Fibonacci
- RSI above 50
- Stochastics projecting down
- Declining volume
XTZUSDT’s trend has been putting in consecutive higher lows, now trading in a range between two important levels, monthly resistance and daily support.
The current trend line support is holding true, a higher low projection will be at play until the trend line has been breached.
Immediate resistance, the .618 Fibonacci is to be breached for a test of monthly resistance; price has been rejected multiple times.
The RSI breaking below 50 will negate any bullish bias in the market. The stochastics are projecting down, this a sign of momentum shifting.
XTZUSDT’s volume is clearly declining, an indication of an influx in volume being imminent as key structural levels get tested.
Overall, in my opinion, XTZUSDT is approaching a key technical level where a break will be imminent. A long trade will be valid above monthly resistance. Breaking below daily support will validate a short trade.
The break needs to be backed with increasing volume; this will help avoid fake outs.
What are your thoughts?
Please leave a like and comment,
And remember,
“This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.”
― Mark Douglas
