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bunny

Please Analyse This Chart from VSA Perspective

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Hey guys,

Please analyse this chart from VSA perspective. I have my opinions about it, but prefer not to share them to avoid bias. Hence, I have posted a vanilla plain chart without its name or any annotation.

tl2.png

Thank you,

-Bunny.

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I don't know VSA. But volume is a primary indicator for me. If you don't mind, I will share my analysis. Albeit, without the benefit of larger context surrounding the chart.

tl2.png.cd13bd5fc434cade8394f92f474d21fd.png

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Hey guys,

Please analyse this chart from VSA perspective. I have my opinions about it, but prefer not to share them to avoid bias. Hence, I have posted a vanilla plain chart without its name or any annotation.

 

Thank you,

-Bunny.

 

I have some opinions too, but I prefer not to share them with you in order to avoid confusion. :)

 

I think you will find that you receive a lot more help if you show that you are willing to put in some effort from your side first. Just my :2c:

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I have some opinions too, but I prefer not to share them with you in order to avoid confusion. :)

 

I think you will find that you receive a lot more help if you show that you are willing to put in some effort from your side first. Just my :2c:

Sure,

There is a lot of confusion on the last few bars. The 2nd last bar is just kissing a support line and the next immediate bar is closing on the high.

 

Signs of strength IMO.

 

Please share your opinions.

 

Thank you,

-Bunny.

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ehorn,

I observed that some of the trendlines drawn by you have their guiding pivots just after the next one or two bars. I that a OK? I am asking because I was told that the pivots used for drawing the trendlines should be well-spaced.

 

Also, the lines that extend in future - are they purely trendlines or have to added some concepts like Elliot Wave and Wolfe Waves into it? I have no knowledge about EW/WW so just wondering of it is that.

 

Thank you,

-Bunny.

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ehorn,

I observed that some of the trendlines drawn by you have their guiding pivots just after the next one or two bars. I that a OK? I am asking because I was told that the pivots used for drawing the trendlines should be well-spaced.

 

Also, the lines that extend in future - are they purely trendlines or have to added some concepts like Elliot Wave and Wolfe Waves into it? I have no knowledge about EW/WW so just wondering of it is that.

 

Thank you,

-Bunny.

 

The analysis, and projections are based on a few key concepts which I observe:

 

Markets are fractal in nature (larger fractals are comprised of smaller fractals)

There is a demonstrable and consistently repeatable volume pattern on each fractal.

Trends overlap

 

The annotations are a picture of how I would apply these principles of Price and Volume to anticipate sequences of current and future price movement.

 

HTH

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Hi guys,

Just a quick VSA stab at the chart.

Bar#11:

-ultra wide spread down bar with high relative volume

--those conditions are putting a VSA chartist on contrarian alert, thinking that there's the strong possibility that market makers are spiking price down and herd follows-possibly on negative news/numbers/events...all in order to accumulate long positions at lower prices

Bar#14:

-higher relative volume, relatively narrow range closing in the middle, could be result of preset resting limit buy orders stopping the market a bit in a narrow range

---now looking for an attempt to go lower but volume drying up, possibly indicating most of the supply has been removed absorbed

Bar#16:

-volume significantly lower than previous volume periods (especially previous two bars), attempt to go down on narrow range, could be end of lower prices,possibly indicating professionals are withdrawing their interest in selling the market any lower

***very aggressive trader might enter long on breach of Bar#16's high

****more conservative entry might be close of bar#17-possibly showing us that a few professionals realized around the same time that prices were at a buyer's bargain, creating a strong up move relative to previous bars, thus possibly locking in traders who went short which could help move prices higher once their stops begun to get run...creating a group of weak holders

*****very conservative long entry, wait for low volume attempt to go down that fails after Bar#17

examples: Bar#43 & 44, fairly low volume with weak attempt to go down; Bar#19 is interesting too for this, though I assume a decent group of traders took some profits there, but that profit taking didn't turn into a change of sentiment, so perhaps a decent entry there as well.

 

I'm a little foggy and tired, so I apologize in advance for the limited discussion I provided. Perhaps I'll add more later. And, yes, I understand that I chose all those bars in hindsight and that limits the true potency/substance of my analysis, however, the bars I chose do indeed follow, to the best of my knowledge, basic VSA principles. specifically I'm referring to 2 principles at the top and 2 at the bottom: a) hidden potential buying/selling (bar#11), b) no supply/demand (bar#16, 43, 44). I look forward to those with more experience in VSA to correcting & improving my commentary :)

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I'm warning all to not give CC# to TradeGuider or VSA club as they will never stop charging you. And refunds dont come... lots of talk but then I dont know why that happens is retort. I had to get visa involved and 3 months charges still havent been returned. Just FYI

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Just continuing on with the subject of this thread; Would someone be able to give there VSA analysis of AGO Atlas Iron (ASX). It seems to be capped lately. I'll attach a chart but your probably better off using your own chart package for the analysis.

 

Cheers

AGO.jpg

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