I gave this consolidation after the first leg down a bit of time to show if the strength of the bear was alive and well. It's been about 20 days since the breakdown happened and I'm convinced we've reached a cycle low of 7.7k which was tested 3 times already. A rally above 8.8k and close would be solidification of the fact. Price action here on the 1H and the...
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LULU has been rising in a trend channel since April. The price recently pulled back to channel support and then consolidated there. On Oct 10 the price broke above the consolidation signaling a long entry. The chart shows two trade scenarios. One is entering when the price breaks above the consolidation. This trade has a 6:1 reward to risk based on the estimated...
AUDCAD tried to give one more run to the downside last week but ended up stalling out and landing into consolidation. This area has a strong history of consolidation leading to reversals for the long. Let's see if that's what we are building up to this week. If not, we'll continue down to my next daily SR level and if we break through that, I'll post new TPS. ...
My opinion after analysis i expecting here from Monday bigger jump i price. The pair is be in consolidation, for now we can see low periodic moves higher, i expecting break and higher push up in price. price is saturadet, AUD one of strongest, USD is start losing power on Friday. Tuesday RBA have Interest Rate Decision which in my op will have positive impact on...
I'm beginning to backtest US30 since its the hot currency pair to trade in my circle. So I'll be posting trades I am currently practicing with all TPs to get adjusted to it. As you notice, I can only trade this thing on the 4hr. moves to fast for me on lower timeframes. Consolidation happened at the monthly high. This is the 2nd time price has visited the...
SPY is consolidating on the 1 hour chart. With recent events - air strikes on Saudi refinery, possible war with Iran, Fed uncertainty, etc - I am leaning towards "option 1." Volume has steadily declined since the start of the consolidation which tells me a break out is soon to occur. The RSI has been trending downwards since before the consolidation, which...
XRPUSD is at a major weekly support level, if you look on the daily it will be easier to see. I was waiting for the market to break out of its Daily consolidation and today it did with Volume supporting the move, this could be the start of the next big rally.
2 DIFFERENT OUTCOMES WITH THE SAME BUILD UP "HOPIUM IS A HELLUVA DRUG" - QUOTE RICK JAMES
The Russell ETF could not break out of consolidation, but the other 3 majors did break. The Russell - being the major small cap index - is an indicator of risk. When the Russell is rising, investors are less fearful. When the Russell is falling, investors are cautious ... That's the basic concept anyways. I think this Russell chart is showing that maybe people...
_______________________________________________________________________________________________________________________________________ Hello traders investors and community, today i will have a closer look on Bitcoins price action. We are looking on the 4-hour chart....
Market Climate: Neutral. Hold. Going-Long. Industry: Internet Services Indicators: None Patterns Identified: Rising Channel Broadening Wedge Facebook stock price has for the better of eight years remained trading within a highly respected bullish rising channel. Similar to other major securities or blue chips currently on the S&P 500 or the Dow...
Is the consolidation trying to break finally? I dunno... On the 4 hour, it looks like it just tried to. The most recent 4 hour candle/volume is notated with blue arrows, and the same 4 hour period from 24 hours ago is notated with black arrows. I noticed a couple things: In comparison to the same period 24 hours ago, the volume was light this time. Not only that,...
Same story as the SPY... Looks bearish to me for the short term. It looks like we might move lower from here and test the bottom of the consolidation, then bounce back up to retest the top (red arrow). Or, we might FINALLY breakthrough the bottom and retest the lows from a couple weeks ago (other red arrow). Either way, until something solid happens with the trade...
Last post: See link below. Review: Price was in a bullish trend . Update: Price soon moved into a circa 3-month consolidation . Conclusion: Looking for the current bullish momentum to take price out of consolidation and towards the major round number of 10.0000. We are currently long on this and will look to compound/add further long trades once 10.0000 is...
_______________________________________________________________________________________________________________________________________ Hello traders investors and community. There is an interesting observation which i made and want to share with you today. It is revealing the magic bitcoin halving-cycle in which we seen huge growing of price after the past...
So after we made some very good shorts thanks to so many resistances its time to decide if the bears have won. Confirmation for reversal market: 1. If we go below 9950 (Symmetrical triangle) and continue the break to below 9850 2. If volume buying power OBV goes below the last low OBV means the buyers lost their volume 3. We already confirmed all the rejections on...
Hourly Momentum is suggesting that a break is ready to happen today. I will be looking for these indicators to turn south to prove me wrong; they are currently lined up well. Personally, the long was 2924, and at the time of the posting it is too late to enter. Here is some analysis on my twitter feed , and I am now updating it daily!!! twitter.com Find out...