Consolidation Break Out......consolidation formation structure, double bottom.... Trade Entry sorted...... Let Price do its magic.
TRADE ENTERED - AND PRICE ENTERED A PERIOD OF CONSOLIDATION, LOOKING FOR PRICE TO HEAD UPWARDS, CREATING A NEW HIGH AND START OF A TREND.... PRICE ACTION WILL MAKE MY DECISIONS FOR ME, I JUST WAIT FOR IT TO TELL ME....
We could see the TL break soon with a completion of a corrective ABCDE triangle pattern formation.
Watch the notes. We'll get another big short falldown. Best of trading and if there are any questions I'd like to answer them!
NZDUSD has reached up to a vital area where it could see it reverse or go up even higher. With a weekly trend line holding it down, a break and retest of this pair may signal its bearish monthly run. A hold of this trendline may see it go down further more
Not too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below). The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a...
I want to start things off by saying I don't expect to see much action at all in the markets today ahead of this afternoons FOMC statement. However, I did want to follow up on the USDCAD idea that I shared with you yesterday. After creating a NSL we are now retracing back into previous structure. I often explain to the traders I work with that I'm not a...
We broke every trendline one could possibly draw in with a big momentum move indicating a swing in market direction at least for the moment anyway. look to buy the breakout of the flag to catch more upside momentum
I bought the breakout yesterday with agreesiv stops. sadly we didnt see the momentum kicking in, and i got stopped out by the smaller consolidation we are currently stuck in. still looking to go long for the next breakout, tho the bull bear fight seems really strong currently. but one group will win eventually, so just patience GO BULLS!!!
on the daily timeframe we have a good looking gartley at the end of a downtrend. my entries for that were a little bit lower so i didnt get filled on that (just yet). however, the 786 was hit validating the gartley. so i also looked for longs on lower timeframes. on the 4h (better use the 1h or 2h) we broke out of the trenchannel that was forming the CD leg...
Bought the original breakout. stops are breakeven and TG1 is hit. now im lookin for a follow up to target 2. Since we are currently consolidating in a triangle i further look to add to position if we see a breakout out of it to the upside.
AAPL has completed a five wave impulse and has been in a pullback since February 2015. Since wave-(A) was a three wave move followed by a pro-regressive 3-wave (B) rally, we can expect wave-(C) to be counted as five waves in a 3-3-5 flat. At this juncture, it is difficult to predict how deep price will consolidate after wave-3-of-(C) completion, but we will...
There are 3 possible scenarios for GBPUSD in 4h chart. It is in bearish trend for certain time without any valid retracements upwards and didnt try to break trendline also. 1) Can consolidate in the region of 1.4300's to 1.4200's 2) Can expect a small reversal upwards breaking trendline as it was bearish for certain time 3) Can break the support region and move...
HDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern. Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline. Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after...
VTCQ is coming off a great day despite the markets getting hammered. It's in a nice consolidation phase and looks ready to breakout. Bar Chart analyst rate it a 60% short term buy. The company just signed a huge distribution deal earlier in the week as well.
EURJPY trending down and now broke the big 2H triangle to the downside. Currently consolidating. Sell after the break or go short now. Profits at butterfly completiob point, to stay safe.
It's been a very slow week for Jason Stapleton & the Trend Continuation side of the Syndicate, yet a very busy week for those who trade advanced patterns. The majority of advanced patterns are formed when the market is in what we like to call "Structured Consolidation" and this week more than a handful of the pairs in my portfolio are doing so. I'm currently...