After breaking it's downtrend upon creating new ATLs, $RBLX has bounced aggressively and began to consolidate between two key price levels. ($43 - $53) We are now currently resting on top of our $43 support level. A bounce from here would allow us to trade this name up to $53 and capture a 25% move, while a break and close below 43 sets us up for a nice short...
Price consolidated sideways for a few days, and it wants to break higher to retest previous highs.
OTHERS needs to bounce here and otherwise next level on the trend line. Possible that this was a hopium bounce and we turn into a downtrend again.
In this Chart I show you the Universal Trading narrative of the FOREX Market. By simply knowing that the trend signifies the market is reaching for liquidity and to fill imbalances you will always be able to catch a entry or two or three daily on your pair. The market makers make money when the Smart Money pulls their profits creating order blocks aka...
USDCHF has been bouncing around these two levels (RED) and hitting significant resistance whilst doing so and cannot seem to break past it, we have just closed down past support and we are in run for a bearish move, we have put our TPs according to previous market structure and have aimed for the last swing low
AUDJPY price has just hit very significant resistance and is showing signs of a perfect double top, price has also closed past the short consolidation period at the top of resistance on the 15m chart so we are all ago for a bear move
We can see price has been bouncing between these levels for some time now and we have finally had a close bullish on the 30M chart. We are aiming for around 250-300 pips with a small SL
for uppers side price should sustain above resistance line and for down side price should sustain below supporting line. Currently price is consolidating
The high & tight flag pattern is one of my favorite setups to trade & historically is one of the best setups that the market has to offer. This one, in particular, is downgraded due to its location relative to the overall state of the market, but nonetheless, still, something that may be interesting to many of you breakout traders out there. When it comes to...
Seems that Gold is moving upwards, breaks consolidation and possible next resistance is at 1960. However, to be more cautious the TP should be placed earlier
Downward move just begun The Consolidation phase is not so strong so the downward target as indicated by the arrow might not be the correct one
Bitcoin is the dominant crypto currency and the whole market is somewhat depending on the health of the Bitcoin price chart. Bitcoin dropped by 50% from its previous ATH around 68k within 3 months. Since then we are consolidating into a wedge pattern with a ceiling around 45k and a rising floor currently around 39k. Bearish stuff: We are below the weekly bull...
All indicators I'm using are screaming at me right now, telling me this chart is bullish. Before we start, it seems the chart is currently consolidating at a major area of support. Bullish. First, lets start off with the RSI divergence. It is marked with white trend lines. You can see that the RSI shows greater and greater strength while the chart is...
Last Week was Bullish Hopefully this week will be BULLISH too. I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again. I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns. Then we have some OrderBlocks that manages to break 3 4hours...
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Expecting a bullish move at the end of this consolidation to test the all time highs. Key Factors -- Key support is being tested now. -- A push to get more sell side liquidity from the "Whales" could see a spike down to the 39k area. -- A more gentle accumulation would be in the mid 40s (433 - 47k) Range. -- There is divergence appearing on the RSI. Implying...
Demand for the pound rose today following the publication of better-than-expected services PMI data in the UK for February. This prompted a breakout above the upper limit of the consolidation range. The range spans between the 61.8 per cent Fibonacci retracement level at 1.35999 and 38.2 per cent Fibonacci at 1.35077. The next target for the reinvigorated...
USD has been consolidating for a couple days now. There’s been a breakout out of that zone with a possible retest before it shoots down. I believe USD will go short.