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Why the gold market is near support. Let's draw on the facts from the chart 1) We have 3 balance zones. They are marked on the chart with purple profiles. Profiles look like Gaussian Bell (normal distribution). Each next profile (auction) is lower than the previous one. The balanced price in...

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Distribution example on the USDJPY market This is a small-scale distribution on TF 1h. Buyers receive an increased profit from rising prices. Everyone wants to be buyers. However… Look at the dynamics of prices and the relationship to volumes. Growth slows, but volume remains high. EVRT...

In my postings I use 10 Chart Reading Sings: weakness: EVRT, SLKT, ND, SB, FOMO strength: EVRB, SLKB, NS, DB, PANIC What is important - there is a logical and rational place for the appearance of each of these bars. I am talking about the general market context. How one particular bar fits...

On October 26, the BTCUSD market had super-increased activity. This happened under the influence of news from China. What followed next? A narrow sideways dulness in which signals are not read very clearly. Nevertheless, we will try to do it. After SLKT above 9600, … Local panic (hidden...

We’ll open the daily chart XAGUSD from OANDA. The #silver market is more bearish than bullish. And here’s why. This is an SB - sales pressure bar. It formed yesterday, November 5th. But what is important. It was an attempt to rise before SB. On October 31, a price increase began. But look...

Consider the situation in the LTCUSD market. I use the daily chart from the Coinbase exchange. On July 10, a downtrend started, it developed in a classical way within the downward channel (shown by red wave lines). The price fell under the round level of $ 60 per coin. Then interesting events...

Traders often begin their path in the financial market with experiments within the Metatrader program. Sooner or later, many of them come to the conclusion about the importance of volume indicators. This is a valid argument since the analysis of volumes allows you to use the law of supply and...

After yesterday’s Big FED-powered Pump (1), EURUSD produced weak morning. We had: 2) SLKT above the previous minor high. If this green bar was a real strength, why did the next 4 bars closed lower? (It was SLKT Trap). 3) ND (green arrows) with SB (red arrows) sequences 4) EVRB. Some strength is...

BCH is acting stronger than crypto market during the current moment. Let’s read its chart. I always claim: uptrends start from fake down-move (SLKB) in 90% of cases. here is Trap / SLKB before up-trend. Professionals did kill SLs of buyers under ‘safe’ level 200.00 before pushing price higher...

Some good news from China has arrived. What the chart is telling? The highest volume on up-bar with the 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 new ATH above 20k). But what did happen...

Here is an 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 by breaking down the support line of big...

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 on up-wave/bars = sign of Hidden weakness...

When analyzing any market, the global context is vitally important. In the case of #oil, we have: 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 market. As a consequence after Trap we got a...

#GBPUSD is losing its bullish character I think, it was FOMO Buying culmination. Probably, some bullish news was released there. This is ultra-wide bar. Small retail traders can not move the currency rates so wide. Big professionals was active there. What was the result of that activity...

xcSqDGZ[1].png1550x1012 96.2 KB 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). The...

I see the exhausting of uptrend on #USDJPY market and here is why: 1> the decreasing of the bullish progress 2> EVRT. The tiny range on up-bar with volume above average. This is a hidden supply. 3> No demand 4> SLKT (Trap for bulls) Note price did not reach top line of the up-trend channel...

The Concept of Breakouts Sometimes in my posts, I use the word breakout. Let me clarify what meaning I put in this term. Simply talking, -> breakouts, bullish breakouts - is the process of the successful crossing of resistance line. Price struggles above resistance (or zone of weakness) and...

On the right side, you see 3d #gold chart, a lot of volumes arrived on up-bars in the first half of August. Too much volume on up-bars - is a sign of Hidden Weakness as professional money get an opportunity to close big blocks of longs and spread gold contracts over the buying rush of FOMO...

3 weeks ago I wrote in my Telegram about #ZRX the chart make-belief, ZRX can produce more surprises in the future. Since that time this crypto did advance from 0.21 up to 0.34. And it continues to climb higher. Actually, I became skeptic about the continuation of rally when price...