Accumulation taken place in late 2018 until February 2019 when the mark-up phase began to develop.
Lesson: forget about the news, earnings , etc. This is a pure example of stock manipulation.
Check volume for selling climax, spring and earnings report like the one on the 30th January to break the range.
Well played by the composite operator.
Bullish orderblock, known also as Demand zone.
You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas?
Those areas act as levels of liquidity for bigger players (whales) that trap people and refill their orders.
"A bullish orderblock is a Down candle before a sharp move up that...
How Order Flow and Liquidity Move the Market
Order flow is the key driver which causes market price to move, buyers and sellers enter the market at different price levels by either supplying liquidity (via Limit orders) or consuming liquidity (via Market orders). When the liquidity balance is tipped, being more buyers than sellers (or vice versa) at a particular...
Weekly chart shows price nearing the apex of the ascending wedge with a target of $45. RSI is hitting resistance and MACD's histogram is possibly printing hidden bearish divergence.
H4 chart shows RSI, and possibly MACD, printing bearish divergence. The nearby demand has already been tapped once making it much easier for the next drop into it to potentially fall...
This image explains everything. 4 Hour breakout levels identified. Waited for a 4 hour candle to close below the blue line.
Entered on retest.
Closed .07 @ +20 pips. And left .03 running with a 20 pip trailing stop from breakeven.
Also posted the progress of this trade on my Instagram stories. Check...
Good morning, traders. The consolidation for Bitcoin continues along an S/R line (H4 dotted red horizontal line) that's been prevalent since December. I have continued to readjust the H4 RSI descending channel to more correctly fit the price movement. At this point, we see RSI nearing a potential break of the channel's resistance as well as having just recently...
Ok so here we are, back at it. I posted this trade on my instagram stories earlier today( www.instagram.com)
I closed .08 of my position when price moved +20 pips in my direction. Stop moved to breakeven and trailing stop set at...
Been observing this ticker for a few days now, notice on how the trendlines are drawn:
- From higher high to lower high to lower high
- From lower low to higher low to higher low
The two trendlines looks like they are converging to a single point.
This is a consolidation pattern of price action and price is about to break out from the pattern. On a Daily Time...
Good morning, traders. It looks like we had just a tad bit of a drop overnight which price has been rectifying this morning after having dipped below the H4 pivot. Price is now above the 21 EMA on that TF and RSI has continued to print a descending channel. H$ MACD is curled up and looking for a bullish cross. The small descending wedge that printed gives price a...
Good evening guys,
Ive just released 2 ideas POUND-related and now i'll explain why im bearish on gbp so far, this is a GBP FUTURE chart for the current month.
First of all, on the left chart im not using traditional candlestincks, im using the Point N' Figure chart, its a great chart for those who wanna avoid the "noise" of the market, very good on stocks...
The overall Crypto market is moving sideways and this has gotten a lot of people excited about the possibility of trend changing and moving back UP. Of course, that's what we all want to see because somewhere within, we just want the winter of 2017 back. With retail sentiment so heavily Long (reflecting this desire to see prices rise again), plenty of room to run...
-I can see price being pushed lower due to Brexit uncertainty, trade wars and China's economic slowdown
-JPY and CHF are used as safe haven currencies, and usually increase in strength in risk-off environments (when there is uncertainty in the market)
-It's important not to chase price; let price do it's thing and only pick the best...
Good morning, traders. Not a lot has happened over the past couple of days. We appear to be watching price move sideways. However, if we take a closer look, we can see price making higher lows toward resistance at $3900. This is creating a possible ascending triangle which should have price targeting $3988-$4005 upon a successful breach and follow-through.
AUDCAD Has been moving Between Support, Resistance and Consolidation Zones this past week. Giving nice legs to the up and down side. We are currently at a strong Resistance level, could we finally see it being broken, or will it hold and give another move down?
Have a look at the link, as Philip Explains it.