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Plutus

XLM - Stellar - Possible Short coming up - This is Why?Reading the chart (annotations in sync with chart): 1. Location: Fib over-shoot - possible sellers 2. Largest up volume - possible sellers in there 3. Mountain shape PVR - increasing volume as wave progress 4. Abnormal SIs at top (could be closing positions but it also could be sellers absorbing buy orders. Risky Entry but with better RR enter now. stop above tops, target blue AVWAP Conservative Entry with worse RR: wait for the break downwards of red AVWAP, target blue AVWAP. Enjoy, wave and speed index reading!
Short
by TradeTheVolumeWaves
1
LTC- Litecoin Entered Short Reading the chart this is the story: 1. We had Significant Fib location where we found sellers visible at the top- the reaction after the up wave a large down wave. 2. Placed AVWAP at the beginning of the up-wave and waited for the price to cross downwards and the pull back so that AVWAP will act as resistance. 3. Pull Back to AVWAP came after some time 4. Price never breaks AVWAP upwards and it has hard time to move up - Abnormal SI of 4.9 5. Finally waited for a Plutus short signal and in this case it was a PRS. Stop above AVWAP center line target at least 1:1.5 Enjoy!
Short
by TradeTheVolumeWaves
Wyckoff Up-Thrust - This is how to identify using Speed indexClassic Wyckoff Up-Thrust formation, this is how to read it using Speed Index (annotations in sync with the chart): 1. Fib Area - this is where sellers might come in 2. FU - Fast Up wave with SI 0.4F 3. Next up wave with an abnormal SI of 1.0S while the average speed at 0.5, which means price has a hard time to move up (more sellers on the up move). Following the up wave on the down move we have double Short signals WU-Wyckoff Up-Thrust and PRS-Plutus Reversal Short and this where we enter. I hope this was helpful. Enjoy!
Education
by TradeTheVolumeWaves
Plutus getting the swings from Resistance to FibSimple: Plutus signals got the swing from Resistance to the Fibonacci pullback. At Resistance Level : 5 Plutus signals of all shorts : Wyckoff Up-Thrust, PFBS (Plutus Fake Break Short), PS (Plutus Short) and PRS (Plutus Reversal Short) Start going down until ............... Fibonacci level, oohaou, how original !!!! This is were buyers come in again. How to identify and when to enter, ! Identification , Easy - high PVR every time we approach the bottom Entry - Easy - PRL signal confirms PVR and show the entry. Hope this helps your chart reading!
by tdtrdview
AUDNZD - Looks like a Long But on Daily ResistanceEvery chart has a story to say, this is the story of this one: We have been up-trending until we hit a Resistance level coming from the Daily chart. Some Sellers at the top with PRS signal Pullback to Fib and buyers are there again Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at very significant Level, so anything is possible. Patience and wait for the reaction! Enjoy! Learn to Read and Trade any Market!
by TradeTheVolumeWaves
EURNZD - Reading The Waves and Speed IndexEvery Chart has a story to tell this is the story of this one: We have been down trending with Plutus Short signals The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again. We a have few pips left to reach 61.8 (get some profit out if you are already short) but we should be cautious because can find buyers and never reach the 61.8. Enjoy! Learn to Read and Trade any Market
Short
by TradeTheVolumeWaves