AMD ShortBig sellers on the weekly and daily. Looking to return to last buying area. Might be a little ambitious so take some profit on the way down.
Volume
RIVN LongBig bid is moving up from the lows hitting back from the sellers. Buyers on the weekly TF to bolster the long thesis.
PGPG stock looking bullish
Break a new high and I'm looking for a trade
Hope you like my idea
I'll be careful with this trade because the market is bearish !
When the market is bearish and some stocks are bullish it a good sign !
When the market start to rise i hope that the stock going up aggressively
SPY indicating more selling to comeSPY Today pulled back much further than anticipated after the volume price exhaustion on Friday close. We have now broken below key support and into bearish territory
A pullback was expected today due to volume spike on friday close during a rally
Sell off proved to be more severe and broke below key support
Final trading period gave strong hammer candle with high volume
Hammer candle indicates reversal from downward trend
Due to firm break out I expect a bounce up to new resistance line followed by more selling off.
Originally thought we were experiencing pullback in time from SPY with it trading flat. It appears now that it was a longer term distribution phase before selling occurs.
Waiting for NaturalGas to rise. H4 30.08.2024Waiting for NaturalGas to rise
Gas tried to break down to 2.00 twice and bought back twice.
And large volumes are now around 2.10 and defending.
If they are not pushed down, they may rise to the upper boundary of the flat to 2.30 and even 2.50.
Increased vertical volumes came in at the moments of buyback, which often coincides
with the culmination and turns the market.
$SMMT Support Level for Put SellingLooking to sell some weekly expiration puts on SMMT at the 9 strike price. I think we have room to fall but 9 seems like a nice level to pick up some shares should it make it. Nice premiums.
$TSLA Support Found at Yearly Anchored VWAPIt appears Tesla NASDAQ:TSLA might have found significant temporary support at the yearly anchored VWAP. I expect a move up to test upper deviation at 226.50, which would be first profit target. I own some Oct 4 240 C which I plan on scaling out of beginning around that level.
USD/JPY Day Trading Analysis With Volume ProfileOn USD/JPY , it's nice to see a strong buying reaction at the price 145.620.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUD/USD continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.67970. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
ES (S&P 500 Futures) - Day Trading Analysis With Volume ProfileOn ES (S&P 500 Futures), it's nice to see a strong buying reaction at the price of 5616.50.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Symmetrical triangleGood volume buildup in daily as well as in weekly time frame.
Symmetrical triangle breakout with good volume.
Smallcap⚠️⚠️.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
Parallel ChannelGood volume buildup in daily timeframe.
Parallel channel breakout with good volume.
Fundamental's are good.
NOTE: I do my analysis, do yours before trade.
ATH breakout and retestFundamentals are good enough.
Smallcap⚠️⚠️.
ATH breakout and retest on trendline successfully with good volume.
NOTE: I do my analysis, do yours before trade.
1st resistanceGood volume buildup in daily as well as in weekly timeframe.
Breakout of 1st resistance with good volume.
Price is in uptrend, lots of indication.
Smallcap⚠️⚠️.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
7 year old high breakoutGood volume buildup in daily as well as weekly timeframe.
7year old high breakout with good volume.
Smallcap⚠️⚠️.
Cup and handle pattern formation.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
Parallel channel Good volume build up in daily timeframe.
Parallel channel breakout with good volume.
Smallcap⚠️⚠️.
Fundamentals are OK.
NOTE: I do my analysis, do yours before trade.
2 year old trendlineGood volume build up in daily as well as in weekly timeframe.
Price is above 200 ema.
Breakout of 2 year old trendline with good volume.
Price is now in overbought zone, wait for pullback, for breakout conformation.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
Technical Analysis on Alibaba (BABA)Alibaba ( BABA ) has been in a long-term downtrend that began in October 2020. In the medium term, however, the price has entered a phase of compression, suggesting a possible pause or reversal of the trend.
Analyzing the volumes using the Volume Profile, we can see that the price is currently caught between two key Points of Control (POC):
POC 1: A significant volume level that considers the entire historical data of the stock, located around the $80 area.
POC 2: A medium-term POC that reflects the current phase of compression.
Bullish Scenario:
To consider a potential bullish scenario, it will be necessary to wait for the price to reach POC 1, located around the $80 area, followed by a breakout and a possible retest of the descending trendline. The first significant resistance and target for this bullish scenario is around the $120 area.
Bearish Scenario:
For a continuation of the downtrend, it is important to monitor the price in relation to the two POCs. If the price drops below both levels and breaks the ascending line, with a possible retest, we could see an extension of the downward movement.
Technical Analysis on AMD (Advanced Micro Devices)Analyzing the historical performance of AMD , a key turning point is evident that marked the beginning of the current bullish phase—starting at the end of 2015. During this period, the stock held an important support level, followed by a decisive breakout of the bearish trendline.
On a daily timeframe, this breakout was accompanied by a gap up, known as a breakaway gap.
During the upward phase, the stock experienced pullbacks ranging from 40% to 60%. The most recent pullback, which began with a Shooting Star candle, was 45% and stopped precisely at a crucial Fibonacci level of 0.618.
Bullish Scenario:
To confirm a continuation of the bullish trend, AMD must first surpass the $160 area and then the $190 area, a range characterized by significant volumes.
Bearish Scenario:
If the stock fails to exceed these two levels, it could continue its retracement by breaking the ascending trendline. Two potential entry levels can be found in the POC area around $180 and the support area around $95.
2281: Watchout for SupportPrice is moving within Ascending Parallel Channel after breakout
Last corrective movement is after double top formation
Price is at POC (Volume Profile) which is another support level
if it breaks, price may fall to channel bottom
Watchout for entry after confirmation
SPY shows signs of breakthough to the upsideSPY recent day of trading gave an overall picture that this flat trading is coming to close with a potential rally coming.
Gapped up for second time in the 2 days
Sold off slowly with low volume
The rally in late day spurred by smart money with increasing volume
Stock breaks through upper resistance for first time
SPY is showing a strong bullish signal indicating a longer term rally to come
