HOFV Trade on Mar 22, 2021 12:15 from VadimT7: Tradervue User Stock Trades.

First trade:

• Support + Demand level + VWAP = Strong bounce level (at least for a scalp).
• Already made two knives, time to reverse for a bit (a pattern that repeats itself on this stock and on others that have momentum).

Second trade:

• Strong demand level on the bottom wick of a hammer candle on high volume + consolidation support
• Present on many timeframes (1-min, 5-min, 10-min, 15-min). Those are very effective and have a very high probability of working out.
• Strong stopping volume and many candles with lower wicks indicating buying
• Decreasing selling volume in the consolidation and higher buying volume.
• Wait for a dip to VWAP. Patience for a good entry is key.

After the trend up, formed a rising wedge and dropped. Always draw trendlines to know what other people are seeing and be ten steps ahead by planning out the next trade.

Important: Let it consolidate for more time before buying the dip. It almost always comes back to the same level and gets bought up instantly which is a great opportunity to buy at.

Decreasing volume in a consolidation indicates that move is going to soon be done. It can be in either direction, so be ready to exit if necessary in case it drops.

If selling volume was small but later gets on par with the buying volume, it's a sign of bearishness/weakness, so scale out of the trade.