XAU has managed to break the two-week range between 1797.00 Upper bands and 1750.00 lower bands. This consolidation comes as normality after extending a steep decline right off the 1900.00 zones as accumulation now shapes into form. A projected re-test of the established mid-range sees a short entry opportunity toward 1775.00. This establishes a confluence...
Gbp Chf Sell: - Strong Resistance - Break of consolidation - Fibonacci Confluence
🏛GBP_USD broke out of the rising channel on daily And is now trading in downtrend We can see that the pair is consolidating currently Between the support and resistance But the horizontal key level was not reached Therefore, IF we see a bearish breakout Then the pair will go lower to retest the previous recent low SWING SHORT🔥 ✅Like and subscribe to never...
AMD is looking to end its year long consolidation and look to new horizons. Thoughts: * Looking at the weekly or even monthly time frames you can see it's in a clear up trend * It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs. * Very high trading volume likely to push the price higher from here. Trade idea:...
Technical Analysis From the beginning of May, MU has been kept in a range; however: RSI has been making higher lows where price has been retreating at the same support level. OBV is confirming the uptrend in volume within the consolidation range. These two bullet points support a bullish case for MU. Trade analysis I expect MU will try to test the...
Same chart as previous on the 1 hour. See previous chart for detailed description. Not financial advice!
Decreasing volatility after a couple months of consolidation leading toward potential big move in 2 to 3 weeks, currently held in place in part by descending triangle and 20 day EMA. A review of MACD at 1, 2, 3, 4, 5, 6, and 7 days would suggest a rolling over toward the upside for medium term bull run, in the face of/despite said descending triangle and massive...
This week update was a bit late because not much activity since the beginning of the week. The price is still in consolidation mode, ranging tightly in up trend. There is an opportunity to short, however the Risk Reward ratio is only around 1:1.3 which is not favorable. We wait until the price breaks the channel and we can enter with smaller risk.
Gold has been consolidating for days now, creating a pattern. This is what i expect to happen.
As time marches on past the most recent crypto crash virtually all the major cryptocurrencies are consolidating into tighter and tighter ranges. Whe price consolidates it builds up momentum. The longer the consolidation typically the more violent the move to break it. Do not be lured into the best of reasons from the smartest of people that there is only ONE...
APPS Possible Heads&shoulder pattern+consolidation+Death cross Not Financial Advice, PLEASE DO YOUR OWN DD AND RESEARCH, TRADE WITH RISK MANAGE
BTC Descending triangle + Death cross MA50 cross below MA 200 , then consolidate for a little and then breakout to the downside. Not Financial Advice, Do your own DD and learn your RISK MANAGEMENT
Need to see SPCE break above three consolidation zones (shown in white)... using the volume profile (himareddy)...
Been a while since my last post.. I was bullish as usual but not buying the top. I did mention the possibility to return to around .79 area. I was a bit off as we fell to nearly .50. I managed to top off some bags around .55. There are multiple things in favor of a reversal in market direction on the larger timeframes. Stochastic RSI oversold and MACD...
Hello everyone, rouzwelt here This post is just a quick follow-up of my last post about Bitcoin, nothing has changed, all the technicals mentioned in the last post are still valid. We don't yet see any clear direction in the chart, in fact this week has been a boring week already, just sideways move without much volatility. I personally thought that the break...
Amazon has been consolidating for almost 10 months. Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range. It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again. Making a measured move from the last time it did this, we get a potential...
It is a common move for stocks/ETF's that have been consolidating for a long time, to make a strong move upward before consolidating again. Amazon has been consolidating for about 12 months now. Breakout is with 100% more intraday volume, than its 10-day average. Targets Target 1 is a measured move by drawing the 12-month consolidation period. Target 2 is a...
This chart is looking better with each day that passes. USPT has been consolidating for the greater portion of a month, while consistently testing the 126 level and creating higher lows in the process. Volume has been steadily increasing throughout the month as buyers aggressively and consistently step in after each rejection, leading me to believe that we...