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...
Previous idea posted on Silver (reported in related) played out well. Now I'm looking for a possible breakout to the downside of this messy consolidation price action. There is enough room for the price to head south and hit the lower trendline of a weekly falling wedge formation.
My last post on AAPL, I called the washout when they released bad news about a weak demand in Iphones, here we have consolidated on our trendline. This is a bear flag continuation pattern, that had a confirmed breakout into the close here and with strong selling volume. Im short right now and hope to see it take down the low (green line). Get short n place a tight...
EURAUD POsible consolidation before it goes up again !
With a stop at a strong trend line, price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD supports this claim as they are all near MAJOR consolidation areas short @ the stop of 1.5200 stop @ 1.52381 t/p @1.5099 Be sure to comment and follow my tradingview for more analysis! Keep calm and trade on.......
Read text written in the chart.
Silver is in consolidation. Leading direction is still downside so it's better to get involved in short position. Sell if price complete the bearish Gartley which could be very next to upper "consolidation" trendline and .618 fib retracement of the beginning consolidation swing. Potential Reversal Zone in the chart
EURGBP Back to consolidation channel
Went short on USD/RUB based on the consolidation inside the ascending triangle pattern. Entered at 71.1087 with stop-loss at 72.05 and take-profit at 67.12. More info and timely updates: www.earnforex.com
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After breakout of monthly high this pair consolidating first time so short term downside momentum possible at least to test broken monthly high. If that one fails next stronger support can be see at daily trend line 2015/09/29 low and 201510/30 low. Setup invalidates if recent consolidation will be broken.
EURUSD has been in Consolidation this morning. I'm looking for a Break & Close out of the Balance Area in EITHER direction. The Break & Close is my Entry Trigger. Stops go 1 ATR Above/Below Breakout Bar. Targets are shown on the Chart. I'm not sure how much Momentum we will get on the EURUSD today with this being Thanksgiving Week here in the US and Momentum is...
With this momentous breakout of the 2 year downtrend in Bitcoin's price, it can be difficult to imagine the possibilities going forward. I find repeating pattern's in Bitcoin's price history offer some direction. The patterns highlighted with the purple arrows are the price consolidation areas in yellow that have with a notable regularity formed near the 0.236...
As pressure builds up in the consolidation channel outlined on the chart the likely breakout direction is upwards.
For a longtime We have seen this pair trading sideways so I thought of looking at it in bigger picture, What clues the market left with us: It seems UJ can create a lower high which can be a Bearish Bat completion and a bearish trend continuation if We do not violate the previous Lower high.