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...
Besides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup. You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a...
I took this trade on USDCAD because this range has been very clear and the probability of staying in the range is higher than breaking out of it. Range trading is one of the easiest methods of trading.
When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable...
Price testing the 1.36000 and 1.35000 area. Consolidation with multiple small candles Key area in past seems to be the area of consolidation Big bull candle but will they be able to keep the momentum to break through?
UsdCad has been in a bullish considation zone since June 2017... For the past 4 months its been gradually falling but i see opportunity to hop back into a perfect buy for the next few weeks off a double bottom on the Daily which is touching a monthly resistance, so possible swing trade for 600+ pips
Gold has is trading within a huge triangle, with a lower trendline support spanning back to 2018 and an upper trendline resistance spanning back to mid 2020, with a good number of clear rejections of these levels from each. Gold has just entered the upper boundary again, coming in with a little momentum this time, with RSI just breaking above 70 on the 4H. I...
Expecting a big move in PRAJIND. It has been consolidating for sometime now and looks like it is ready for a big move. The volumes have been increasing as well.
* Excellent earnings * Strong up trend in the long term * High 3-month relative strength of 2.61 in the Tech sector * High 50 day U/D ratio of 2.11 * Breaking out of a 3.31% range * During the consolidation the volume did dry up and as it started breaking out the volume picked up. Trade Idea: * You can enter now as the price is just breaking out of the tight...
Price is still ranging pretty strong. It bounced with some force back up from a micro level. Can price breakout of consolidation & channel? if so i know it will be a solid reverse for a possible long setup! What are your thoughts?
* Great earnings * Very strong up trend * High 3-month relative strength of 2.55 in the Industrial sector * Pays out dividends * Has been in a tight range of ~3.94% for the past 5 to 6 weeks * Held up incredibly well during this time of market uncertainty Trade Idea: * There are a few plays you can do here since the 4% stop is quite a distance away: 1) Enter...
Welcome ! Feel Free to comment below Like and Follow me for future ideas ! Todays overall BTC is a little bit lower than this morning and roughly same point as last night you can see that btc is going sideways once again but there is always bullish things to talk about when it comes to btc and here is one that is indirectly related which is the Debt Ceiling and...
BTCUSDT remains bearish and we have now a good sniper point of re-entry to short. The tokens ETF on Binance can be a good opition to avoid the liquidation risk. Thanks!
* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Built a 3 month base between $125.45 and $138.67 * After breaking out started to consolidate in a tight range * Slowly kept moving higher even as the general Real Estate sector was ranging during the same period * Broke out of the tight consolidation with...
* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 8 month base between $29.71 and $34.26 * After breaking out it started to consolidate in a tight range creating a base on base pattern * Breaking out of the range with higher than average volume Trade Idea: * Now's a great time to enter as the price is...
Artroniq has been in consolidation stage for a very long time. Although price and volume looks quite promising today, 0.435 is the price to beat with increase in volume. Otherwise, it should keep moving within the range again. Let's see if this will be a successful breakout play or back to consolidation again.
I last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were...
MoneySwap (MSWAP) is in more than 100 days consolidation and anytime it may give big breakout. I am expecting 300% return after KUCOIN:MSWAPUSDT gives breakout from this long accumulation phase. Be patient, as it may move side ways for couple of weeks before breakout. Longer is the consolidation/accumulation higher is the breakout. Do leave your feedback in...