SVXY runs inverse to UVXY- it was trending up for weeks but fell off the cliff with the VIXX spike on the fed news of the debt rating downgraded ( like the US posting an earnings miss) a 7% adjustment in almost no time. The analysis now is the red candlestick pattern is that of inside bars, a Doji then a green bar and a red. The zero-lag MACD has had a line...
On the 15 minute chart TQQQ took a dive down through some relative volume voids shown on the volume profile into a double bottom also showing a transition from high relative selling volume into some decent buying volume . I can conclude that TQQQ is in early reversal and will head the other direction through the same volume void which could allow for a rapid...
Hey Traders! Today we're taking a look at a bullish trend continuation trade that's on my radar & walking you through my process for how I evaluate the trading opportunity, determine a directional bias & choose profit target locations. If you have any questions of comments about this idea or anything else, feel free to leave them below & as always, please show me...
Wedge forming, Bullish move towards 275, strike zone of interest. Needs to break 265, put support
NVDA shot up on earnings two months ago and more or less went sideways until mid July when it trended up for a week and then reversed downward. On the 2H chart, I have placed both a VWAP anchored to the earnings date as well as a volume profile. Price is currently above the 0.5 Fib level as well as at one standard deviation above the mean VWAP and above the...
Market Structure Bullish on Higher Time Frames (Weekly and Daily) Daily Currently At A Previous Structure Point Weekly and Daily Support in the same area Market to potential make a Weekly while Retesting the Daily EMA A lot H4 Rejection in our potential buyer Waiting to React to the Market Looking to Scale in on this trade if entry is trigger REMEMBER: Trading...
Hello, traders. The support and resistance level of 0.620 may soon be reached by the New Zealand dollar, which is currently going through a correction phase. The trend is downward at the moment. Throughout this trading week and the one after it, we'll keep an eye on NZDUSD in case a selling opportunity appears at the 0.620 zone. We've launched a short position to...
From the 2H chart GPrRO is in early reversal two days before earnings sitting at a bottom on the POC line of the volume profile. The MAC profile shows a line cross under a small histogram. Right now momentum is subtle and sluggish but could accelerate quickly in the approach to that earnings report. Based on the chart, I will target the July 18th pivot high...
DLF gave a clear breakout with positive buy indicators and Good volume too. Entry - 518.6 Target - 669 (Pole length) Stoploss - 427
FORD on the 2H chart double topped in mid July and then descended as it had reached the second deviation line above the mean anchored VWAP. It continued the fall had a bit of pre-earnings run up and then paradoxically fell with very decent top and bottom line earnings. If you know why please let me know. After earnings and the fall, FORD reached the...
NQ1! NAS100USD NASDAQ 2023 JULY 31 A) Market facing resistance at 16030-15904 area B) Fallen out of uptrend channel | | Lower High C) Rotation between 16030 - 15511 D) Weakening upward momentum on W / D timeframe Possible Scenarios: 1) Rotation strategy: Trade at boundary 16030 | 15904 and 15511 (grey zone 390 - 500pts range). Target can be 50% of range...
BULZ is a 3X leveraged version of the Cathie Wood ETFs. As shows on the 2H chart BULZ broke out of the fair value channel of the anchored VWAP bands in bullish momentum Not a coincidence. In three months it has gained over 110% or 35% per month compounded. The MACD indicator shows the lines peaking over the histogram a cross of them is pending. The mass...
On Friday the 28th SOFI had a good day. I am looking for more of the same going into earnings. It dropped through the middle VWAP bands and remarkably rebounded. Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band is normal and healthy. SOFI as a financial technology has been honing its margins in a challenging...
The volume profile for Bitcoin over the past 4 months shows a key level at around $28,040. Historically, after Bitcoin breaks out of a trading range, it tends to spike up, get traders excited and buying, before crashing back down to retest longer timeframe volume profiles. We've been ranging above $30,000 for a month now, causing many to forget about this $28k...
Light Crude Oil Futures (CL1!) - Potential Break out of parallel channel (TBC) - Above 200 week SMA - Several bounces off the 200 week - Long Term Stiff Resistance Overhead Amazing how compressed price is between the 200 week & overhead resistance. Its like a pressure pot about to spring or roll over. Turning the overhead resistance into support would be...
UPST on the daily chart with 2022-2023 in range shows a downtrend of more than 70% and now a round bottom reversal. The volume profile shows the high volumes of the high volume area which is relatively thin and mostly below the current price. That is to say, UPST has a lot of volume voids to fill on its way back to $162 . The Triple EMA ( 200,100,50) shows a...
OPEN has earnings upcoming on 8/3. An analysis of the 4H chart with overlays shows bullish momentum in the set of zero lag EMA lines as well as upgoing anchored VWAP landlines. Price crossed over the mean VWAP ( thin black) and the POC line of the volume profile one month ago. The MACD shows bullish momentum since July 24th. The dual RSI indicator shows the...
SBUX fell going into earnings in early May and continued down all of May then pivoting into a slow climb on this 2H chart through the lower anchored VWAP bands until the present where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green...