Tech Is strong at the moment across most indices, we have a bullish flag formation here with nice consolidation above the $9.40 resistance area, building strength for a move up to all time high of $10.35 and then perhaps higher.
EN has been in a consolidation box since 2011, (when i started high school) it broke out of that box at the beginning of March and is currently retesting it, we have seen a failed attempt to re-enter the box(4/28 17:00- 4/30 13:00 UTC -4) which acts as a spring based off our wycoff principles. The aforementioned fakeout to the downside acts as the beginning of a...
INTC is currently consolidating and is trading in a range on bigger time frames. We do not have clear direction of the trend, and i would not advise to take a trade until we cross the significant level. LONG : i would enter long at 62 level with 1/3 of my position, because we have to be prepared of a fake breakout. ( 80% of all breakouts fail, they usually...
This is consolidation, it means the price is trapped between these 4 lines. We would wait for a breakout and retracements among these lines, then could probably look for long term trade.
All, Think SRTS could make a big move soon. Honestly, with overall market trends and this stock in general. Hard to really say if it's a move up. But man is that some serious consolidating at the bottom. Will update later prob next week.
USDJPY seems to have broken it range and a breakout was witnessed we are currently looking for a retest again for a good sell confirmation, A second retest on the previous lower low will give a signal of a clear Sell
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
We expected a breakthrough in the USDJPY analysis last week. This breakthrough is happening now! Support levels 106.55 and 105.60
HERE WE SEE HOW PRICE HAS BEEN CONSOLIDATION FOR ABOUT 8 DAYS NOW - MY BIAS IS BUYS AS HIGHER TF STRUCTURE GIVES US THIS INDICATION, A BREAK BELOW AS SEEN ON THE IMAGE MAY HAPPEN BEFORE BUYS START TO HAPPEN IF SOOO.. WE WILL SEE WHATS TO COME.. FOR NOW NOT TRADEABLE COMMENT DOWN BELOW WHAT YOU THINK WILL HAPPEN IN THESE NEXT COMING DAYS.....
At the moment price is seen to be consolidating within the outlined wedge, following the previous bullish build up. After the huge dump, we saw the price commence this retracement phase in which we still haven't found a proper resistance yet. This brings me to my first point: looking at the daily, the confluent 7900/8000 level seems to be outlining perfectly...
Double top at strong 1640 resistance level (dotted red line). High volume with no significant price change (circled in red). Prices stagnant over the last 24 hours. Bearish divergence on RSI (solid blue line). Consolidation triangle between solid black lines. Price level testing the 50 exponential moving average (solid purple line) and looking to drop...
set bracket range frm 2222-2315... IF the resistance 2315 is broken, THEN aim long IF the support 2222 is broken, THEN aim short fcpo-july now
We can see an uptrend followed by consolidation with a small bullish parallel channel. Now I'll wait for a solid breakout and a retest. Once I see a confirmation on the lower TF, I'll take a buy. TP-targets are based on previous support and resistance zones.
Hi Traders! As you can see the market is in a downtrend. The market made a big bearish trending move. It started around 145.000 and has fallen to the area of 124.000. During this session the market respected the 20MA. After that the retracement move started. The market has risen until the resistance area at 134.000. Now the market is consolidating in a tight...
On the daily chart USOIL is coming off of oversold on both RSI and Stochastic. It is on the hourly chart it is as well (circled in red). MACD signal line is being crossed on both the daily and hourly chart also. Volume of selling is decreasing, as shown by the red line. USOIL is in a consolidation, as shown by the two blue lines. Gann Fan shows a...
PRICE HAS BEEN CONSOLIDATING FOR 3 AND HALF DAYS NOW, COULD BE DUE TO NFP AND SOO THE REAL MOVE (BREAKOUT) SOON MAY COME.... WHAT DO YOU TRADERS THINK? LET ME KNOW IN THE COMMENTS BELOW....
At the moment we are in a downtrend on short term time frames. We can see the price is currently consolidating within the wedge formation and it looks like there will be a breakout soon. You can view it more clearly on the 15min time frame, but if you take a look at the 1H as well, you can see that we also might be able to retest a descending trendline for the 3rd...
CLEANEST STRUCTURE - PRICE MAY CONTINUE TO PUSH UP TOWARDS YESTERDAY'S HIGH TO COLLECT THE FUNDS IT LEFT BEHIND. WHAT DO YOU TRADERS THINK?