qidran

qidran

prior run up >70% breakout 10 weeks EMA pullback to EMA10 support at VP POC and EMA10 break out new 52 weeks high today (Friday ) potential Friday Rule Candidate also showing relative strength ( breaking out while the Market is in a correction )

qidran

Volatility Contraction Pattern large cup and handle base drying of volume as the base develops breakout volume >3x average volume

qidran

Analysing pre-breakout price behavior occurs around 10 weeks EMA line - Spring - price close below EMA10 - price recovers thee following day rejection ( support area ) - EMA20 - Value Area Low ( VAL ) of P-profile

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FSLR breakout part I - Volume Profile analysis analysing volume profiles and 10 weeks EMA prior to the breakout

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was in a good uptrend , then a sudden sell on news. news trigger : " KUALA LUMPUR (May 28): YTL Power International Bhd’s (KL:YTLPOWR) 70% subsidiary SIPP Power Sdn Bhd is buying 405.18 million shares, or a 31.42% stake, in Ranhill Utilities Bhd (KL:RANHILL) for RM405.18 million or 99.5 sen per share " - gap down on massive volume , unable to recover (...

qidran

Wyckoff Spring - trade in the direction of P-Profile - Spring occurs at Value Area Low ( VAL ) of the P-Profile

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Volume Profile showing P-Profile Characteristics in the current consolidation zone , in the upper node of P-Profile: - price hovers around VP POC - area of highest acceptance & trading activity - price rejects Value Area High ( VAH ) and Value Area Low ( VAL ) - acts as support & resistance

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1. trade in the direction of P-Profile entry point : 1. retest Value Area Low ( VAL ) 2. retest daily 10EMA / 20EMA 3. retest 10 weeks EMA

qidran

pending breakout from current pullback currently VCP base formation on 10WEMA P-Profile in consolidation base area

qidran

potentially a distribution top scenario A : break and sustain new high or scenario B : bearish - break below VP POC - break below 10WEMA - break below recent up gap

qidran

fixed range volume profile : - P-Profile - VP POC above and near 10WEMA momentum : - >70% move in 3 months - followed by 2 month momentum pause ( consolidation ) - trailing EMA50 momentum pause : - consolidation base 2 months - supported by EMA21 / EMA50 - base formation on 10WEMA - VCP during base formation - accumulation volume pattern - drying volume , no...

qidran

example of P-Profile ( page 58 ) - shaped like letter P - agressive buyers and weak sellers usually occurs in : - uptrend market , or - at possible end to a downtrend significant areas within P-Profile : - VP POC - volume cluster in the thin area of the profile ( acts as support ) reference book : Volume Profile : The Insider's Guide To Trading by Trader Dale

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p age 119 from the book Volume Profile : The Insider's Guide to Trading by Trader Dale steps : 1. identify volume clusters & VP POC 2. entry on BO from base / VP POC stop loss options : a. volume based SL : at lowest end of volume clusters b.confluence of support c.150% / Catastrophic SL : about 50% lower than the width of EP to initial SL ( 100% + 50% )

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reference : Volume Profile - The Insider's Guide to Trading page 111

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momentum moves : 1. prior uptrend >25% 2. pullback on 10EMA 3. pre-breakout contraction / VCP in base 4. high volume breakout 5. pullback to 10 weeks EMA 6. Wyckoff Spring in Uptrend

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- 2 months+ base with drying volume - base formation on 10 weeks EMA line - first range expansion after a consolidation

qidran

limit up a few days ago formed a Wykoff's Spring in uptrend box today set up : range expansion after a consolidation break new 52 weeks high

qidran

pre breakout : - price and volume contraction on breakout : - price and volume expansion breakout points : - base breakout - 10 weeks EMA breakout