up, down, up, down. it all repeats itself. As we near a possible breakout from this annoying range here is my speculation of the next range if we break to the upside. We may not break upward this time though as markets conditions get stricter and interest rates harsher all this noise about the FED and their power may force spy down making it a bystander to this...
$ULTA - Consumer Cyclical | Specialty Retail 1yr of ranging price action, coupled with higher lows in RS where lows on price remains flat latest ER beats by 0.71, beats on revs, comps of +14.4%; guides FY23 EPS and revs above consensus, raises FY23 comp guidance remarkable
STARLUSDT 4H run repeatedly in a box, And the middle line of the box behave as support, expect upward, The key signal is to break up the upper edge of the box and stand firm
I think there is an approved double bottom on H4 time frame.
Nifty gave a breakout yesterday and made new all time high. So now if it breaks the box on upside (15500 level) then could easily go more higher.
regarding our live trade, as asian market openS, price enters into a consolidation phase. still holding tp moves sl to entry and we have risk free trade baby. CHEERS!
Potential BO from Box trading (Supply zone). OMESTI must stay above 0.520 to propel further up.
Tezos has been ranging since February Will we see it follow LINK in its mooning? Increasing points for the bulls on this daily box Probability: 70% bull break, 30% bear break
Hello people. I keep it short and simple today! Oil is in a box at the moment. If you look closely at the moment of March 20, it seems that we are going to experience the same moment now, There is a good chance that we will drop back to 21. There is a small retest where the first high came in around 27.30, so I'm going short! Stops just above the highest...
We could still see a movement down first, before going up and break that resistance...
ETSY has been consolidating within a standard box pattern for the past several weeks, and has broken out of its initial trend line resistance, ready to test the upper region of the box at 73.50-74. Whether or not it breaks from there remains to be seen, but a test of 74 would yield 3+ points per share. Not a bad return.
Nice Box Range formed initally is holding well. Lets wait for Breakout and Take the trade.
PATEL ENG IS FORMING BOX PATTERN. WAITING FOR PATTERN TO COMPLETE AND WAIT FOR THE BREAKOUT TRADE.
FX:USDJPY The rate broke the January falling trendline and the falling gap resistance invalidating my immediate bearish bias on the pair. I am now looking at this as a potential double bottom formation and will be looking for a neckline break at 115.50 to target the yearly highs at 118.60. A strong rejection from the neckline would indicate further range...
FX:EURUSD The rate is currently testing the neckline of a small double top formation which has formed at already established range resistance. I am looking for a downside break below 1.0505 to enter new short positions to target the range support at 1.0360. A failure to break through would invalidate my immediate bearish bias as it would suggest a short term...
FX:GBPAUD The rate is still trading within the box range I mentioned last week (for full trade idea click here ). The thin holiday trading liquidity, however, has pushed the rate into an even smaller range. The lack of fundamental catalysts, the pressure which the rate is applying on the former resistance as the new support at the major psychological level at...