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Weiswave

PEPE - This is why price explode - Speed Index ReadingThere is always a reason why price explodes either true or fake. The criteria to look at are: - Location - very important - where is the price locate - higher probability trades accomplished when the price leaves a significant location such us Fib, Sup/Res, AVWAP - The volume waves - nothing moves without volume - sometimes is not so visible by the volume waves alone because they distribute or accumulate little by little, that's why we have Speed Index - Reading Speed Index - The proper entry signal In the attached chart I will demonstrate how I read it using the above criteria (annotations are in sync with the chart): 1. Price entering Fib Area 50-61.8 - possibility of buyers to come in 2. Price touching AVWAP (three blue lines) coming from the bottom of a previous swing acting as resistance - another possibility of buyers to come in. 3. Speed Index 6.4, that's an abnormal speed index , that what I call first push up or PU, price never drops below the beginning of this wave 4. Speed Index 11.1, that's another abnormal speed index and that's what I call a hard to move down (HTMD) . What's happening here is that all the sell orders are absorbed by buy orders and price breaks on the up wave the origin of the HTMD wave. 5. Finally the entry Long with a PRL (Plutus Reversal Long) signal an up,up,up, we go!!! I hope my years of work helps you out on reading charts! Enjoy!
Education
by TradeTheVolumeWaves
LTC Long - Learn to read Weis Wave with SI- Target hit overnightLearning to read the chart using Weis Wave with Speed Index will help you understand how the market works. Speed Index is very valuable to understand if there is absorption happening in the market. Remember that absorption takes time, it takes hours or sometimes days, so you have to be patient. In this chart I will explain how to read this 1HR LTC chart using Speed Index and why we had this explosion in price. I have entered long (my target was hit overnight). Annotations on chart are in sync with my below notes. Reading: 1. We had a high volume down move (buyers could be in there but I am not sure yet) 2. We have touched 50-61.8 Fib area - If buyers would like to enter this is a great area. 3. Speed Index 29 that's an Abnormal Speed Index. Why is it abnormal? Because at that time the average Speed Index of 30 waves back was 15. I call this as the first Push or the first absorption. Buyers are entering. 4. Speed Index 78.7 another abnormal SI -> more buying 5. Speed Index 37 on a down wave that's what I call a HTMD (Hard to move down) more buying and finally a PL (Plutus Long signal) breaking by a bit the previous resistance level. This is where I have Entered Long. 6. Another HTMD , hard to move down wave with Speed Index 32.2, more buying and another Plutus long signal PRL. Therefore the explosion is completely justified because it has a history of several hours of absorption. If you were to read just volume waves you would not be able to see this coming Speed Index alerts that something is cooking and when the time is right you enter (PL signal) I hope my above explanations helped you. Enjoy!
Education
by TradeTheVolumeWaves
This is how to read the chart using Weis Wave with Speed IndexReading the chart: 1. We have bottom down and we pull back with high up volume waves, approaching the Fib area. Notice how SI is increasing on the up waves as we are reaching Fib from 13.3 to 15.7 to 18.4 and last not able to break previous resistance at 20.4. This means sellers are absorbing all buy orders of people entering long thinking that the trend will continue. 2. Notice the up volume wave with SI 20.4 and respective pip move right above it which is small compared to the amount of volume used - This is absorption. 3. The highest PVR bar at the beginning of the down wave - more sellers 4. Entry Short on the Plutus Short signal Notice all the Short signals following confirming the continuation of the down move! Simple as that, if you are able to read the chart and not just following signals from an indicator. Enjoy!
Education
by TradeTheVolumeWaves
1
Litecoin (LTC) Lesson 15 said - This is How to Read the ChatLesson 15 Methodology Chart Reading: 1. Highest up volume wave (sellers could be there) 2. Placed AVWAP lines at the beginning of the wave 3. Wait for price to cross downward AVWAP line 4. Pull back with an Abnormal Speed Index of 24.1S , that's a hard to move up, meaning sellers are absorbing on the up move 5. Enter Short on a Plutus signal which in this case is a double signal WS (Wyckoff Spring) and PRS (Plutus Reversal Short) Enjoy!!!
Short
by TradeTheVolumeWaves
LiteCoin (LTC) - Chart reading with Weis Wave with Speed Index Lesson 15 Methodology: 1. Largest up volume wave at the bottom after while (probable buyers but let's confirm using AVWAP and Weis Wave with Speed Index and it's Plutus Signals. 2. Placed AVWAP at the beginning of the previous down wave and wait for price to pullback to it. 3. Price Respects AVWAP. 4. Abnormal Speed Index 40.8 is a sign that price has a hard time to move down. 5. Enter Long on PL signal. ... and up we go!!!! Target Fib area which was reached! No entries now - Fib could risky!
Education
by TradeTheVolumeWaves
Cardano (ADA) Long using Lesson 15 MethodologyAlready first target was hit and moved stop loss to BE. Lesson 15 Methodology: 1. Largest Down wave on support (could have buyers in there) 2. Place AVWAP at the beginning of the down wave 3. Wait for price to cross upwards the AVWAP and pull back to it. 4. Wait for a Plutus long signal where in this case it was a PRL and up we go! Now this huge pin with the enormous volume worries me for sellers but since we got 1st target and stop is at BE I will let it run.
Long
by TradeTheVolumeWaves
DODGE - Short - This is how to read the short using Lesson 15Lesson 15 Methodology: 1. Fib 61.8 (sellers might come in on this level) 2. Highest up volume wave after a while (probable sellers inside) 3. Anchor AWVAP at the beginning of the up volume wave. Wait for price to cross downward and then pull back. 4. Highest down volume wave after a long time (sellers) 5. Price respects AVWAP acting as resistance 6. Enter Short on one more confirmation of weakness - Plutus Short signal PS ...and down we go!!! Enjoy!
by TradeTheVolumeWaves
Snoflake [SNOW] Wyckoff Bullish PatternsVery fundamental company. The last consolidation after very large drops is a good prognosis for an upward exit. It is necessary to focus on Wyckoff Wave Volume, which decreases at the bottoms. This means a decrease in selling pressure. There were two shafts with a very large purchase volume and a wave marked with volume 200. It was a very large sale that did nothing to the price. This sale was absorbed by buyers. This security has typical accumulation features. In my opinion, it is on BUY with a target of $ 140/150 For more analyses using price and volume and the Wyckoff method, subscribe to the profile
NYSE:SNOWLong
by VolumeDayTrader
2
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us. Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave: Key Concepts of Weis Wave Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure. Price Waves: These are the movements in price, which can be upward or downward. Recognizing Bullish Patterns Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation. Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive. Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend. Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume. Example of Bullish Patterns Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares. Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control. Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume. Using Weis Wave for Confirmation Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns. Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength. By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
NYSE:NIOLong
by VolumeDayTrader