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Volume Indicator

JSE:SOL Sasol Time to Let it GoWe have been following Sasol sins the climax lows in 2020 indicating a target of R200 - see the progression of posts below. We have reached the target and now we are seeing active signs of distribution. After a climax in March, there was a strong secondary test but the next upthrust (UT) on volume made no progress (Effort without Response) indicating selling by the big players. A change in character was seen in June with an increased downward spread on volume making signs of weakness (SOW). The latest attempt to rally could not break the 50SMA and after a key reversal bar, it is time for Sasol to drop potentially retracing all the gains of the last year.
JSE:SOLShort
by SteynTrade
4
BTC wyckoff Accumulation back in 2015I think taking a look at the past is one of the best ways to predict the future. History repeats itself over and over again. Wyckoff always emphazised Volume as the best Indicator. He also challenged us to ask ourselves "what is the composite man doing right now?" I think he was spreading FUD like crazy, while accumulating Phase C Remeber what the Spring aka Shakeout is: It’s usually the last attempt of the Composite Man to acquire shares at cheap prices before the mark-up move. Creating selling pressure forces retail traders to think that the current trading range will end in the mark-down movement (along with FUD) and exit or reverse their positions. The Composite Man waits for breakout to create enough liquidity and then rapidly covers all available supply resulting in price getting back into trading range. Test: A small retracement to check if there is enough support at the bottom of the trading range after a shakeout. The Composite Man stops his buying pressure (as we see on VOL) and checks if the market has enough demand to not let price fall below the trading range. If so, the market is ready for the mark-up move. If not – the Composite Man continues his accumulation of available supply Phase D LPS: is the reaction after a Test rally. It usually retests previous levels which were considered a resistance. These reactions are usually quite slow and have no volume (as we see right now!) Right now for BTC the VOL should stay low, because the Institutions stopped buying and manipulating, to check if the retail is ready to push the price up, or if there is any major selling pressure. This might take a while and might be a little more back and forth than in 2015. Once we break above 40-42k and CONFIRM it as support the Volume will come back in and from their we good.
INDEX:BTCUSDLong
by maxwayne23
1
JSE:J200 Effort Without ResponseThe Top40 has been on the rise since the covid lows, however, we can now see some cracks and we could be in for a correction back to 53000 for the rest of the year. My reasoning is as follows: - The buying climax (BC) of the latest trading range could not make it back to the overbought line showing a lack of interest. - Divergence on the RSI leading into the BC shows the interest to push higher is gone. - The effort (increase in volume) with each attempt to push higher could not make higher highs. Based on this it looks like that a break of the trendline could open the path for a drop back to 53000
JSE:J200Short
by SteynTrade
6
Helium going to hold support ? Helium (HNT) is at weekly support. Not far above the point of control of this range. This is a nice time to ladder into longs. if prefer to wait until the point of control or even the weekly that lines up with te value area low (VAL). I'm going to set alarms at these point to asses if these places are goog long opportunities. But al that mathers offcourse is BTC. if the big lady is going down or up , alts can only follow. Shorts at the value area high (VAH) and daily, with the golden zone looks like a confluence zone.
H
by sauzerd
JSE:SATRIX FINI Don't Get Swept Up in the ExcitementLast week the JSE Financials were on the move but before jumping on the train a word of caution. If one looks back to 2015 we see a long distribution range that formed with investors getting out of South African financial stocks. The recent rise on the back of the covid drop is likely to only be a backup to this distribution range and not longer-term interest in the financials. Using SATRIX Fini as a proxy we see the volume has been declining since the upthrust (UT) that took place at the end of 2017 / beginning of 2018 highlighting the lack of interest. The relative strength to the Top40 is also declining. We are now spiking into the an area of previous high volume so it is rather time to watch and see what the reaction will be than just jumping in.
JSE:STXFINShort
by SteynTrade
2
EURUSD | LONG | Areas of InterestTrend: Bullish Retail Sentiment: 81% Short LP Sentiment: 30% Long Moving into Wednesday my sentiment still has not changed. Bullish on EUR until I am bearish 😒 For all my followers I wanted to provide content that can enable you to become a better trader. My Areas of interest are defined by looking for volume imbalances in the market 👨🏾‍💻 I will be focused on the buy-side (green) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Sell-side areas are great for exits 🕵🏾‍♂️ Happy Trading Regards LBM
Long
by Little_Big_Movement
JSE:GFI Gold Fields Time to Look at Gold Stocks AgainAfter a significant pullback in gold stocks, there are some good signs of strength with Gold Fields one of the strongest and above its yearly pivot point. On the pullback, buyers stepped in below R150 of GFI. Price has pushed out of the trading range formed after the pullback with some significant bars. Other gold stocks are showing similar signs. With these signs, it is now a good time to look for good entry levels on a pullback to the accumulation trading range on a number of stocks. For Gold Fields, this is also the yearly pivot point.
JSE:GFILong
by SteynTrade
JSE:SDO Stadio Holdings Rather Late than NeverStadio Holdings has been on a downward trend but with the Covid drop, something changed. The trading range indicated lots of buying with no spring and only higher highs at the last points of supply (LPS). The backup (BU) to the trading range was also very shallow. Now the price is already in the markup phase. However, there is still strength in the chart with an upsloping accumulation trading range in the markup. The next level of resistance is at R4 so there is still some potential from the current levels and given the current strength could indicate that even that resistance could be broken for a longer timeframe trade.
JSE:SDOLong
by SteynTrade