Chart Reading Signs (1 of 5) - ND+SB (Signs of weakness) image ND - or No Demand - is a Lack of Buyers. Usually, ND appears on Charts in form of up-bars, not wide spread/range, closing in the middle, exhausting of volume. Stock/coin/whatever is ...

How To Read Signals From A Chart

I know, this chart is not very useful because you've never been trading this #stock #HALL. However, it provides the perfect example of Zone of Weakness. Classical Technical analysts should interpret it as simple "double top". But we are chart ...

How to Read Chart

Some good news from China has arrived. What the chart is telling? 1) The highest volume on up-bar with next bar down. A lot of SLs of sellers were triggered when price broke out above 10k. Many FOMO-buyers and their bots entered long (they planned ...

BTCUSD daily price action

Here is analysis of TSLA stock. I did not pay attention to its price for a long time. Chart formed a great story here. Blue line is 200 round number level. As price broke under the blue line, market did feel some sort of Panic. The Panic increased ...

How to Read Chart

image AUD is testing support line

AUD/USD

LINK market overview The uptrend started (as in 95% cases) from big red downbar (trap). No Supply + Entering of Genuine demand around 2.0 level. 2$ and 2.2$ become the price of support. The volume increased up to abnormal numbers. Ultra-high volume ...

Alt Coins trading

1.3 level contains a lot of Supply. That is why we have a Sequence of signs of weakness (marked on chart). Despite the latest EVRB have to produce some support for market, the decline toward the targets 1 and/or 2 image

Cable Update (GBPUSD)

#Gold is acting a bit like #oil, because gold price achieved the line of resistance of the balancing wedge. But here the similarity ends, because gold bulls were incapable (yet?) to overcome the resistance line of wedge, while oil bulls succeed ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

When analyzing any market, the global context is vitally important. In the case of #oil, we have: 1) HUGE TRAP for bulls and Exploding totally sellers from market by killing their SLs. This is the starting point that produces impact over the #oil ...

WTI Crude Oil Trading

#GBPusd futures data

Cable Update (GBPUSD)

Short positions

BTCUSD daily price action

In the post #499 992 I wrote: After that post, the bulls exhausted even more. Look what we have now image 1) I think, it was FOMO Buying culmination. Probably, some bullish news was released there. This is ultra-wide bar. Small retail traders can ...

Cable Update (GBPUSD)

The bullish power is exhausting on GBPUSD. However, we have minor bullish indication on background 1) Panic Trap (red clusters square) 2) Real Demand (green) While the price is holding above SFDB - we should give more weight to buying ideas.

Cable Update (GBPUSD)

SKLT trap happened on the BTCUSD market recently. What are the inner workings behind this bar? 1) Green clusters - buyers are entering trap & sellers are knocking from their positions by Killing their SLs (SKLT) 2) Genuine supply enters the market ...

BTCUSD daily price action

With every new high, EURUSD bulls gain smaller progress (red circle). It means, rising price encounters more and more resistance (supply). So, I expect at least a pullback toward the lower blue line.

EURUSD only

The most important bar on the daily EURNZD chart is updabar from 16/October. This is a fake breakout above top-line. Note, the high of this bar = 1.77002. This is clear manipulation aimed to: -> knock out sellers who place their stops above 1.77002 ...

EURNZD

#ETH is acting stronger than #BTC and many other #crypto #currencies #cryptocurrency #daytrader #daytraders

Ethereum Trading

AB balancing wedge is narrowing. The NS+DB sequence did show that #BTC was not ready to break down B. But this scenario remains valid as we have Major zone of weakness above 9300 (from 21/Jun till 24/Sep) Big SB 24/Sep fake breakout (circled blue). ...

BTCUSD daily price action

image AB balancing wedge is narrowing. The NS+DB sequence did show that #BTC was not ready to break down B. But this scenario remains valid as we have Major zone of weakness above 9300 (from 21/Jun till 24/Sep) Big SB 24/Sep Fake breakout (circled ...

How to Read Chart