Secrets of VWAP Pt 2:
When to use intraday VWAP as a support/resistance?
(1/n)
When to use intraday VWAP as a support/resistance?
(1/n)
Check if the market starts trending in a direction within 30-45 mins of open.
Long - Market should be breaking out of previous day high.
Short - Market should be breaking down from previous day low.
(2/n)
Long - Market should be breaking out of previous day high.
Short - Market should be breaking down from previous day low.
(2/n)
BN breaking out of previous day high. VWAP acting as support.
(3/n)
(3/n)
Downtrend day reversal - Consolidation before VWAP and how VWAP changed from resistance to support
(4/n)
(4/n)
Anchored VWAP - Anchored VWAP is using a particular starting point for analyzing VWAP.
(5/n)
(5/n)
It is very helpful in identifying if reversals are sustainable or if they are only pullbacks.
(6/n)
(6/n)
If market is in an uptrend, plot it from the recent swing low from where rally started. It will show major support zones.
(7/n)
(7/n)
After strong upmove in BN from 48460 levels, consolidation at AVWAP zone.
Mark it on your charts as major support area.
(8/n)
Mark it on your charts as major support area.
(8/n)
Avwap support breaking through gap down on 15th april and a strong downmove.
(9/n)
(9/n)
Note that using VWAP blindly as support/resistance everyday does not workout.
Vwap is a indicator which can be used in multiple ways well if a trader knows how to use it.
If I get 200 likes, will write a thread on VWAP variances to find levels for expiry trading.
(10/n)
Vwap is a indicator which can be used in multiple ways well if a trader knows how to use it.
If I get 200 likes, will write a thread on VWAP variances to find levels for expiry trading.
(10/n)
That's a wrap!
If you enjoyed this thread:
1. Follow me @KillerTrader_ for more of these
2. RT the tweet below to share this thread with your audience
3. Charts powered @gocharting
If you enjoyed this thread:
1. Follow me @KillerTrader_ for more of these
2. RT the tweet below to share this thread with your audience
3. Charts powered @gocharting
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