Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break.
Now that volume is slowing down, it seems like INVH is in consolidation mode again.
Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support.
* Volume is relatively...
Current pattern resembles a spike and ledge consolidation pattern which can go either direction. I lean towards using it for reversal trades but it can also be a continuation pattern. What's interesting here is that the ledge structure is an ascending triangle. If this is confusing other traders like it is confusing me, we might see more trading range price action...
The bitcoin price has potentially shown us some new levels for support and resistance levels
We've found support off a multi week trend line which seems to give us new parameters for the consolidation pattern in play, possibly indicating a prolonged consolidation.
This will allow the 20 week moving average to catch up and potentially suppress volatility on a...
Strong pullbacks always have at least 2 legs so I think here it is finally. Recent lows need to hold for the bulls and need to break for the bears.
I have 33,000 as a support, followed by 30,700 (previous bounce area--- check 4HR Chart below).
CRM has consolidated for almost 3 weeks, after gapping down on the news it had acquired Slack (WORK).
Risk reward ratio is around 3.
A potential test of the pre-gap candle lows might be in place before attempting to reach the 50sma, and subsequently the top of the gap.
OBV line has tested and is now respecting the line that was made before the gap higher.
QRVO recently had a huge High Frequency Trader gap after a compression consolidation pattern. The stock continues to move up with Volume Weighted Average Price orders due to Smaller Funds buying after the gap.
Bitcoin is further consolidating in a tight range today.
The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag.
A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish.
The red rectangles are areas of major resistance. I assume that...
I noticed this consolidation pattern on ACN.
First, I would like to state that I am extremely bullish as an investor on the company. However, this looks like a promising short term trading pattern.
The rough average of these consolidations since 2010 is 15%. A great return. Even the last two corrections (9.5% and 8.5%) were good.
For me there' are too much...
After a slight weekend run up in price it appears for the moment we are about to re-enter a consolidation period. With BTC making new highs intra day traders that are looking to go into Fiat at higher BTC prices will be inclined to sell, however those looking to increase their BTC position or VRC position will be seeing the opportunity knock and strike when...
Looking at the DOW Jones Futures, I noticed a consolidation pattern forming. YM1! has been consolidating for the last two weeks or so, and it's next move in either direction will be a swift and powerful one. Introspectively, I am bearish on US Equities for a platitude of reasons, but I have to remain unaffected by my own personal opinions, and keep them strongly...
Good morning traders!
I just got shot this CADCHF on a breakout trade. There is something that I like about this breakout and it is the fact that it lines up with structure looking left too. Meaning that a break of the pattern also means a break of the structure, and that is exactly what happened.
Just got short, little late but on the same price. I will be...