Volume-Price-Patterns-Context & Catalysts - Example Charts & Analysis

[tech/a]

As suggested I will post up charts with analysis to follow.

I search for Volume Control Bars and save them to file. I have 2 searches
(1) For Today
(5) 5 Days ago so we can look for any patterns.
Most VCB bars have price form an inside bar the next day,this is common
Strong bars will continue in a day or 2 if there is a catalyst. GFC is an obvious one.
But massive volume will cause a reaction.
So I have a watchlist which constantly changes but each night it takes a couple of minutes to flick through and pull out trade prospects if they appear. Trades I find from eyeballing.

Rather than use my list I thought Id throw it over to those interested to chose charts to follow.
Just post up the code and Ill have a look. If it looks promising long or short Ill include it in the list. Only 10 will go in
Ive put up No 1 MYX as its doing exactly as Explod suggested.

Im expecting the gap here to be tested
A quick test and rejection is very weak.
A fill and no rejection is typical consolidation.
A new high is the less likely scenario.

I will up date when time allows but if there is anything of great interest like a trade forming I' ll get on to it.

Unfortunately I will be away from Aug 2- Sept 22 Living Large!

 

[greggles]

Thanks tech/a. Am following with interest. If I have any questions I'll be sure to ask.

 

[tech/a]

As There have been no other suggestions and this chart is pretty well marked up.
SHV

 

[greggles]

Tech/a, when you get a chance could you please run your eye over Troy Resources (TRY)? I'd be very interested in seeing your interpretation of that chart. Thanks!

 

[tech/a]

Just had a quick look
Just falling back (trading into) a resistance Zone made by the two bars on 21/5-22/5
Its actually in a long term Consolidation. (Daily Bars)
The strongest Control Bar which is yet to be broken to the upside is back at about 15/1
(Weekly Bars).

The chart on my phone is pretty small
Nothing of great interest.

 

[greggles]

Just had a quick look
Just falling back (trading into) a resistance Zone made by the two bars on 21/5-22/5

Thanks tech. Yes, it made two further attempts at breaking through 17c on 25/5 and 28/5 but failed both times. It looks at have support at 13c but can't seem to find any momentum. There will need to be a catalyst such as news or a bullish run in the gold price to get it through that resistance at 17c.

 

[tech/a]

You've pretty well nailed it.

 

[lindsayf]

As There have been no other suggestions and this chart is pretty well marked up.
SHV

View attachment 87908

With that high volume absorption bar zone being tested and now with price above it - I would be thinking that further moves higher would be the most likely scenario.

 

[tech/a]

With that high volume absorption bar zone being tested and now with price above it - I would be thinking that further moves higher would be the most likely scenario.

That's the way I also see it.
Looking for up bars on low volume.(really low)

 

[greggles]

Tech, do you think this is a volume absorption bar on BID today? I'm liking the way this is looking.

 

[tech/a]

Yes
Any catalyst?

 

[greggles]

Yes
Any catalyst?

The company received a price and volume query from the ASX on the 19th and responded that they have had an increase in clients as a result of their "revitalised sales approach". I posted a screenshot of their response here.

The volume today seems entirely out of character and a few days after the response from the 19th I mentioned, so it's got me a little puzzled.

 

[andymac]

hi tech/a and thankyou for your thread(s) have only just come across them and find the topic very interesting. assume your scans will throw up HSN from friday. catalyst appears to be revised(downward) guidance , would be interested in your process going forward from here. cheers.

 

[tech/a]

Sorry Andy Didn't have a chance to look at this over the weekend (Or anything
for that matter). Ill have a look tonight.

 

[tech/a]

A few Chart updates
BID ended up being a top Exhaustion Volume.
HSN has a clear catalyst and Chart included.

Ill be in Melbourne Friday through Monday so wont be
able to post up any

 

[kid hustlr]

How do you see ax1 now tech

 

[tech/a]

I posted the above last night--well thought I did
Didnt click Post!

Tonights cha

Kid
The same
I expect that the zone will act
as support. If not then it will be a blow off top
O text does see it as a possibility

 

[Lone Wolf]

Tech, AX1 - I think you highlighted the wrong bar?
The Control Bar is the one after the one you highlighted. Or am I misunderstanding something?

 

[tech/a]

I’ve marked it wider for clarity
The box would cover the bar

 

[tech/a]

Tech, AX1 - I think you highlighted the wrong bar?
The Control Bar is the one after the one you highlighted. Or am I misunderstanding something?

I just had a chance to have a good look.

You are correct L/W
I've altered the chart to reflect the correct marking.
It still doesn't alter the analysis.
But lows were tested and supply absorbed back to the
volume control area.

This is looking like distribution.
The majority of Closes within 7c range
$1.55 to $1.62c