In the past weeks USDCHF has bounces of the support zone at 0.90940 while forming lower highs creating a descending triangle pattern. After a brief consolidation and waiting, the bears finally made a breakout to the downside, further continuing in a downtrend. I set a intial sell entry so let's see how the market plays out.
ALGO looks to be hitting it's bottom again. We also see a price consolidation occurring.
This Bottom Support trend line stretches back to March, and has proven to be a solid trend line. We're also approach the upper trend line from the initial listing on Binance. Seeing a lot of historical correlations all across the market right now and that's a good thing.
A good pattern which has made a box and now trying to break out an important resistance.
A good strong closing above 300 should give some wings to the stocks. Stock is consolidating near its highs and important level which makes it more attractive.
Important Levels to watch out for:-
Entry:- Closing Near/Above 300
Looking for a short term play back towards the DRH here on AUDUSD.
Had a solid breakout of the 30min structure. Volume isn't high but perhaps that points to a lack of sellers?
Waiting for consolidation
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15min consolidating structure breakout - looking for a pullback to retest the broken descending TL in confluence to the 0.5 fib retracement, previous resistance which is now support, and the MA50 which is supporting the bullish momentum so far.
The FX:EURGBP has broken out of a strong bearish trendline on the 31st of July and retested it on the 10th of September. Indication bearish movement to follow. The pair has been in a choppy bearish movement since. The double top with a higher low also gives further indication to a bearish movement. As the pair has reached a bit of consolidation at resistance...
cup and handle pattern formed in the daily time frame
prices may consolidate till the US elections and then it may boom
considering the price action
Pfizer should be a heavily bullish stock
but beware of the consolidation zone in the white lines
Crisil is breaking out from a resistance after long long time.
Important points to watch out for is spent some time before breaking out & Volume on the breakout candle is impressive.
Resistance is being breached after multiple touches which already made it weak.
Sl:- 1790 on closing basis.
Target 1- 2030
Target 2- 2140
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Daily consolidation onto 61.8% Fibonacci is signaling a possible base for EUR/GBP to commence its secondary bullish impulse.
EUR/GBP failure to hold the 50 EMA on the 1-hour time frame may force a bearish push down to key round number 0.9000. At this level it is crucial to look for bullish candle reversals.
- Daily – support...
ASTBTC had a breakout after triple consolidation. We are waiting for a pullback and According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure...
based on my previous analysis I predict price will continue on a downtrend to test the previous support zone. Price break out of a "M' consolidation to the down side tested the new resistance and reversed, so I feel the drop will drop to previous support.