The narrative for this short set up is this: When the 4hr breaks out of a consolidation zone from the 15min TF huge opportunities for high probability entries present themselves. When you see the opportunity at the beginning of the break cease the moment. You're either right or wrong. A tight SL will take care of the RISK if you're wring, But it sure feels...
After offering a great buy opportunity earlier this month the USDCAD pair is consolidating on the 60m timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend continuation) or to the downside (trend reversal). Remember to...
NTCT is consolidating nicely at the 61.8 fib; needs more volume for the next leg up but worth keeping on watch
We have a Key Support Area with a clear consolidation, this key area, I usually allow the market to provide me a break out and pattern confirmation for entry, there is the possibility of price breaking above and creating a Bullish move towards 36k and 39k and there could be a break below as well. if we see a break below to 24k and 21k, we should not stay too long...
LPI (Laredo Petroleum Inc), an independent energy company (oil and gas). Huge consolidation within a big wedge . Weekly chart with price above Ichimoku cloud , which means the trend is positive. A break of 90 could be the signal of a strong uptrend , with a 1st resistance at 100. The move could target anywhere between 146 and 208. Analysts target: 124 Trade safe.
Compressions patterns are an important one to watch for in sideways action like a bottom formation. These form as buyers gain dominance over sellers. I'd like a tighter consolidation to develop at the current resistance for lower risk for entry on the breakout.
Right now I am waiting for a brekaout from consolidation we are in. Expecting a brekaout between 09-10:00. Depending on what side we will breakout on, I will enter accordingly sells or buys.
GBP/USD - Price consolidated between 1.23800 and 1.22700 zones. Price has recently broke support zone and I expect to see move down.
Today BNB lost the crucial support zone between $303 -295. If this level had been held BNB would have had many chances to return in the consolidation area within a few days. $300 support breakout occurred in relatively high volume. Two & a half hours before the daily candle close and BNB is already fighting the next essential support at $300. Unfortunately for...
1. Price closed above structure but was rejected by the level of resistance to the left. 2. If the next 30m candle closes bullish we can continue to go bullish to fill the range until the next level of resistance 3. If the candle closes within the range, price could consolidate and get choppy. 4. Sells would only be taken if price begins to break the lows
It is important to remain realistic and avoid any scenario that will surely not come true in the current times. With the different events that the financial world is currently undergoing, it is better to remain very cautious about the Apple share price, even if Apple's financial results are better than those of other companies in the market, analytically we can...
butterfly gandhima is now at the point of consolidation all time high breakout and it can give a better return for the swing trade, this company is a very fundamentally strong so you can hold for the ong term buy at 1430 target 1550,1650 & if break 1700 then can achieve big target of 300 points 2100 for the swing tade for the long term you can hold. (Note: we...
Sun pharma consolidation on daily chart, can give breakout within a week,
CME_MINI:NQM2022 - PR High: 13727.50 - PR Low: 13693.00 Evening Stats (As of 12:45 AM) - Gap: = N/A - Session Open ATR: 374.61 - Volume: 34k - Open Int: 230k - Trend Grade: Neutral - From ATH: -18.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only...
i made this chart on the 15th. that top green line is the last call everything else has played out
OANDA:US30USD bullish pin bar with a long wick indicating a continuation of bearish trend with price breaking out of consolidation zone. A retest is likely and will continue bearish trend
A symmetrical triangle is forming in PDN. We have made the bottom side of this triangle, and it looks like the price is returning now to the upper side. Around quotes of 0.98 AUD should the upper border of the triangle be touched. After breaking the triangle pattern at this point or later, the bullish trend in Paladin Energy Ltd. should continue.