The recent price action on PLUG Power is a great example of how the volume point of control along with volume can help to validate a breakaway trade. On this occasion, it resulted in a nice waterfall lower. We now have a nice reversal on the chart with upside levels clearly marked by the Camarilla indicator as Plug attempts to regain the vpoc.
By Anna Coulling
Disclaimer: This analysis is for educational purposes only. It is not a buy or sell recommendation.
Charts courtesy of Ninjatrader...
The volatility indicator together with reading the volume and understanding its relationship to the price action and candles reveals the cynicism behind the pump & dump of Plug Power. Note too the price channel defined by the accumulation & distribution indicator.
By Anna Coulling
Charts courtesy of Ninjatrader.
Disclaimer: This analysis is for educational purposes only. It is not a buy or sell recommendation.
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A look at key levels on the SPY (ETF for the S&P500) as we move towards month-end to see if buyers will be stepping in as they have done each month since January. In addition, we also explain how the index is heavily influenced by the technology sector in a week when major players in this sector are reporting.
https://youtu.be/oibO3UDkqnI...
SPY has recently regained its bullish momentum and is over the volume point of control on the weekly chart. However, the volume does appear somewhat light as it tries to regain its all-time high. This week's close is key.
https://www.youtube.com/watch?v=8v7LO7hNGlY&ab_channel=QuantumTradingIndicators
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In this video, we see how Apple has progressed through some still price-based resistance and the volume point of control on the daily chart. It also reveals the price objective for the stock in the current trend higher.
https://www.youtube.com/watch?v=cYt_vxzjbG8&ab_channel=QuantumTradingIndicators...
Combining time and Renko charts along with our Quantum indicators can help traders find potential trading opportunities and once entered Renko charts are invaluable in staying in the trade.
A great example from a move lower in the gbp/jpy forex pair but we can apply the same principles to other markets.
By Anna Coulling
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Regardless of whether you are a trader or investor having those key support & resistance lines and zones on your chart is vital and in this video, we explain how we can utilize the volume point of control (vpoc) to help us define these key regions of the chart. The vpoc itself looks at price action and volume over time and creates not only what we call 'the fulcrum' of the chart (price action & volume over time = most important congestion phase) but also those all-important low and high volume node regions. And when price is trading at the vpoc traders and investors have to be patient and wait for a breakaway supported by good volume.
https://youtu.be/CoMx_R43aFw...
Our latest webinar recording where we consider the signals currently being sent by the bond market and in particular the HYG - the EFT for high yielding bonds, often labeled junk bonds. We also cover two different outcomes of high volume on Romeo Power and Lucid along with a great example of the volatility indicator in play with a two-bar reversal on the daily chart for General Motors.
https://www.youtube.com/watch?v=tFjb0ykJ6kA&ab_channel=QuantumTradingIndicators...
Using multiple timeframes is a given in any chart analysis but is particularly important when tracking flows into individual currencies and currency pairs. Our currency dashboard with four specialist indicators will signal not only the strongest flows but also when those currencies and pairs are likely to reverse confirming the end of a trend as well as a potential for a reversal position. The indicators in question are the currency strength indicator, the currency matrix, currency array, and heatmap. In this recording, David explains how traders can use these individually or as a group.
https://www.youtube.com/watch?v=sU1OltAyMiE&t=1053s&ab_channel=QuantumTradingIndicators...
The Currency Matrix allows traders to see the strength of flows into 28 pairs derived from the 8 most traded currencies in the forex market. Ranked in order of strength and weakness traders can see at a glance those pairs which have moved the most in terms of trend. The indicator is one of four specialist forex indicators which are also covered in this recording and these are the Currency Strength Indictor, The Currency Array and the Heatmap.
https://www.youtube.com/watch?v=ug4k_Zey4Pw&ab_channel=QuantumTradingIndicators...
