Audcad was uptrend this week,, but the way its moving up, is compressed,,, now it have reached d1& w1 resistance,, Compression can be seen at tf h4,h1,, Im selling this at 0.89854 Tp 1 :0.87977 Very good risk and reward ..
H1 shows compression nearing support, market have tested the support twice,, at horizontal line 1.79240 was a previous daily rbs,, (resistance became support). very promising to look for long entries at 1.79240, or looked for trend break, go for long position.. hope this may help ..
I was just posting my first technical indicator on here when I noticed the beautiful volatility compression happening right now. It would feel wrong not to at least post something about it. This doesn't say much about which way the price is headed but it might suggest a violent reaction will soon occur.
Coming off of a parabolic advance to nearly 20,000 US dollar bitcoin's previous move acts as one big pole upward that ultimately leads to a massive multi-year ranging channel. Zoomed out we're essentially inside of one giant bull pennant. We have set consecutive higher lows, and lower highs, meaning the market is compressing. The recent drop in my opinion is...
Platform trendline patterns usually form on the upside trend due to Dark Pool Quiet Accumulation, as the giant Buy Side Institutions control their entry price. This Platform formed on the downside, but it is in a compression at this time to test the highs of the sideways action.
ADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
Now we have the potential to make SELL actions. where AUDUSD as we have seen, is currently experiencing a compression pattern. Where we also have a valid and still fresh supply area. you can place pending orders at the level that has been prepared in the picture. Happy transactions, and don't forget to enjoy preparing for the Christmas and New Year...
QRVO recently had a huge High Frequency Trader gap after a compression consolidation pattern. The stock continues to move up with Volume Weighted Average Price orders due to Smaller Funds buying after the gap.
KR is working on completing a long-term bottom formation. The recent compression of price may result in a breakout with momentum.
FMC is in a tight sideways formation at its new All Time High. The compression of this pattern often precedes a sudden breakout.
After retracing in a compression style in Daily, 240 and 60 last week, the market finally gave us a beautiful nicely formed doji followed by a bearish cs as confirmation on Daily. I am expecting confirmation on Weekly timeframe as well. Looking forward to add some more short positions!
we have structure here... what do you think guys? Buy on demand after break compression pattern? or BUY on breakout 82.585?
it's a video