Most traders and investors get very frustrated with consolidation phases of price action on a chart, but as VPA students, we know these zones are the spawning ground of trends. One such example can be found on the daily chart for Meta (formerly Facebook), which has risen over 60% YTD. This turnaround in fortune has been driven in part by strong retail inflows at the beginning, but the groundwork was laid in December, as we can see on the daily chart. The charts in this post are from my TradingView account, and we can see immediately the accumulation during this timescale with the accumulation and distribution indicator (blue hatched) thickening as the phase developed, confirming it would provide a strong platform of support for any move higher. Note also the yellow pivots in the consolidation, which helped to define the highs and lows.
On the weekly chart, we can see the vpa lessons and how the outermost support line of the...
It's all here - how to trade using volume price analysis across all the markets including cryptocurrencies. It's broken up into four sessions with the first two focused on forex, the third on index futures, commodities, and cryptocurrencies, and finally the last session on stocks.
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How to use the free resources to filter the best stocks to trade with such sites as FinViz and others. In this video, we explain how to filter on liquidity and the importance of understanding why risk assets play such a key role in the risk on and risk off see-saw which ebbs and flows through currency markets and forex.
https://youtu.be/1Syj6e_acfI...
In this video on the GBP/USD and the daily chart I explain the importance of support and resistance and the congestion phases which accompany these levels. Remember, forex is about levels and flow and congestion zones are where trends are created and borne in all timeframes.
https://youtu.be/gkm_Bh43VrU...
