SPX consolidating between 4100-4120 but continuing to hold above 4100 support, If SPX can clear back above 4140 we can see a run to 4200 the rest of the week. Id continue to watch 4100 to breakdown for puts. We have Powell upcoming tomorrow and a few more notable ER's coming. PAYtience!
If looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher.
In recent days I've noticed some unusual options activity in a...
Here's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD.
Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it...
Somewhere between June and November 2022 bitcoin traded more or less in a range (orange area). Not it entered the range again, hitting and bouncing off the top edge of the range (which is now resistance). It could, therefore, trade again in this range if it cannot break this resistance. If, however, this resistance is broken, then we could see a nice move upwards.
IDXX had a strong move last Friday on high volume that brought it to the top of it's 2 months consolidation range high of 447.80. The following Monday (9 Jan),it formed a little Doji Candle just slightly above this level , perhaps traders were still skeptical if this break was for real. The day after, on 10 Jan, it staged another decisive move higher, increasing...
NSE: EDELWEISS is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing...
NSE: SAFARI is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The...
XAUUSD CHART
Gold has made a clean run up over the last week due to fundamentals and technicals in play. However, we have approached a weekly resistance whereby we are seeing forms of exhaustion on the higher timeframe which is expected. There's a possible shift in structure as lower lows and lower highs are forming. I am favoring shorts as of now however as...
As per price action, you can see clearly it has given a breakout with volume after 5 months of consolidation. So the probability is high to keep momentum and price go up by around 10%. according to my analysis entry should be above @325 and for reward wait to touch 10-15%.
Entry Price:- Above @ 325
Stop Loss:- below @299
Target:- 10-15%
TVC:DXY
English: Hey, trader! Here we have the DXY in the 4h time frame. The next days I think there will not be a nice trend trade. i think it will just consolidate until it breaks the trendline or it falls under the major level 104.000 . So be careful the next days finding the right entrys and the right exits. There is one important news in the afternoon...
NSE: LICHSGFIN is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed...
NSE: NAUKRI is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed...
Indusind is trading inside range of 1117-1175 from past one month & twice in past one month it reversed from 1168-1173 zone.
Although it looks like it ll break past upper end of the zone this time, but it would be better to trade only above 1175.
If it breaks past 1175 then its a buy with mentioned stoploss & targets.
Even though this multi-timeframe analysis gives mixed signals, the areas of GBPUSD consolidation are accurately shown by the indicators. On each of the 3 timeframes the main level to watch is the Cosmic Gravity basis line - price crossing above it will be a bullish signal and vice-versa.
BITSTAMP:BTCUSD has been trading in a downtrend for quite a while and had many investors worried. It is still in an overall downtrend but looking at lower timeframe, it seems to have stalled for now and looks like it could make a short upside move if it succeeds in breaking the resistance level.
On a daily timeframe, price is consolidating near the resistance...
