AUDUSD H4 overview 1/ Note, on this down wave, sellers were in Profits. New entered sellers also gained profits. All indicators pointed in selling. This is a perfect situation for a professional minority to build a absorb a flow of Sell-orders and ...

How To Read Signals From A Chart

On your H1 chart, it was two SBs on background. Then price moved back up to test the level of breakdown. On the faster TF like 3m-5m, you can find EVRT. Not very obvious on your 1H chart picture.

How To Read Signals From A Chart

Built-in volume in MT4 shows the tick-volume, not real. Although you can use built-in tick-volume indicator powered by your broker because tick-volumes still represent the ACTIVITY of trading. However, the real volumes from official exchanges work ...

How To Read Signals From A Chart

Subscriber asked me to analyze XTZUSD. Share it with you We have a nice triangle on the background. Previous price action reveals levels of support (1.15) and resistance (1.4). Fake Penetrations (1 and 2) confirm the validity of these levels. 3/ The ...

How To Read Signals From A Chart

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EURUSD only

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BTCUSD daily price action

On the first days of December, #BTCUSD found some balance between buyers and sellers. Price did found a temporary calm between 7450 and 7250 (bold black lines). But the market needs to make losers. That is why we got 2 fake moves. 1/ Probably all ...

How To Read Signals From A Chart

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EURUSD only

EURUSD A and B = these are mid-term range lines. This range was formed previously between 1.07 and 1.09. 1/ This is a Demand-Bar. Note the volume. It represents the effort of bulls to break out above the resistance line. 2/ Development of the ...

How To Read Signals From A Chart

#NG market as requested by Rushi Top daily chart: I plotted two lines on 1D. We had SLKT+SB from 2.9. SB was a Bearish Cha Cha and a priority for shorts. Recently, we got SLKB. Let's switch to 4h (bottom left) to explore the recent SLKB in more ...

How To Read Signals From A Chart

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Cable Update (GBPUSD)

#GBPUSD is plotting the bullish story: 1) Extremely high-volume down-move. 2) Too big upwards-pullback. It tells that high volume (1) contains the hidden strength. 3) SLKB under the previous minor low with closing on the top. 4) DB breaking out ...

How To Read Signals From A Chart

don't miss this USDCHF overview

USD/CHF

#USDCHF has been trending upwards since the mid-Nov. I plotted the up-ward channel on Chart 1. image 1) This hi-vol bar I would interpret as the SLKT into the overbought area and above round number 1.0 2) This high-volume could be caused by mass ...

How To Read Signals From A Chart

Don't miss this BTCUSD market update from me. Thanks for following.

BTCUSD daily price action

In the previous overview of BTC, I wrote: We should expect a stalling of the bullish pace. While price is holding above 7700 - we should interpret current short-term #BTC chart from the bullish position. Here is what we got since that overview. ...

How To Read Signals From A Chart

#UBER Stock On the 6th of November, the Google Trends registered spike of mass interest in UBER stock. image Headlines of Popular Media was Negative. Earnings news was disappointed. Here is example from CNBC. Jim Cramer is pessimistic on Uber. ...

How To Read Signals From A Chart

Don't miss this BTCUSD chart reading

How To Read Signals From A Chart

This morning I’ve marked in Telegram channel that: 1) We have the weakness above 7600 and 2) Potential Hidden strength here. Why this (2) bar could be interpreted as Strong? Because it has EXTRA_HIGH volume. When you see down-bar with ...

BTCUSD daily price action

When you try to read stock market charts, use 1d-1w timeframes.

How To Read Signals From A Chart