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Consolidation

EURUSD → The bulls are coming back. Trend change. Target 1.1FX:EURUSD is breaking the downtrend pattern on a smooth change of fundamental background. Traders are selling off the dollar, which is favorable for the euro. A local bullish pattern is forming on D1 on the background of the global downtrend. Strong fundamental background is favorable for the strengthening of the currency pair. On H4, the price is correcting after updating the local maximum and consolidates above the level formed by the gap. Bulls are trying to keep the defense above this area. The key focus is on the breakout of the 1.0816 zone. This will open the way to the zones of interest: liquidity and imbalance. Today is a day off in the US, the fundamentals are still in place, trading may be calm. Resistance levels: 1.0816, 1.0852, 1.0916 Support levels: 1.078, 1.073 I expect the trend to continue, as traders are showing interest in the market. Local ATH may become a potential target for MM Regards R. Linda!
Long
by RLinda
5
NZDUSD → Traders believe in the best outcome. NFP aheadFX:NZDUSD strengthens after a false breakdown. The change of the fundamental background leads to a change in the character of the market. Traders are looking at a breakout of 0.614 and growth in the future, but ahead of NFP... On D1 the price is not going to leave the sideways range yet, as we are told by the false breakdown and return to the channel with the subsequent formation of the impulse. Technically, on H4 a pre-breakdown consolidation is forming and the price is gradually pushing up to resistance, which may lead to a breakout and further growth. Fundamentally, based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270,000 in the previous month, and unemployment to remain flat. But it's worth paying attention to the actual data. As a mild reminder of slowing economic growth could weigh heavily on the Fed. Resistance levels: 0.614 Support levels: 0.61, 0.608 Technically traders believe in the continuation of the growth. A break of resistance may trigger a rally. But unpredictable news may change the market mood and in this case active selling may start. Regards R. Linda!
Long
by RLinda
3
HelenP. I Bitcoin can continue to decline to $50K pointsHi folks today I'm prepared for you Bitcoin analytics. Some time ago price entered to consolidation, where it at once rebounded from resistance 1, which coincided with the resistance zone, and started to grow to resistance 2, which is the top part of the range. After the price reached this part, it little declined and some time traded near, after which backed up to resistance 2 and started to decline near the trend line. Bitcoin in a short time declined to resistance 1 and made a fake breakout, after which turned around and rebounded up, thereby breaking the trend line. But soon, the price turned around and made a strong impulse down, thereby exiting from consolidation and breaking resistance 1 with the trend line again. Just now, BTC continues to decline, so, I expect that BTCUSDT will make a small movement up to the trend line, but not reach it, after which turn around and continue to decline. Therefore I set my goal at 50000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
GOLD → A change in mood amidst the comments and newsGOLD is testing the previously broken channel boundary. The market maker is driving the price into the liquidity area before the strong news. Powell corrected the direction a bit within yesterday's speech The chance of a September interest rate cut rises after Fed Chair Powell acknowledged progress on disinflation. Jeremy reverses course slightly to dovish. Markets are awaiting the release of the minutes of the latest FOMC meeting (due later today) to get more information on the Fed's next steps. The regulator needs more data before it can start cutting rates. Data from the US labor sector is also in focus: All eyes now turn to ADP's US employment change report after JOLTS showed a rise in job openings on Tuesday. The next important event for the gold price remains the minutes of the June 11-12 Federal Reserve meeting, which could shed light on the central bank's outlook on rates and inflation, having a significant impact on the value of the U.S. dollar and the gold price. Resistance levels: 2346, 2352, 2363, 2380 Support levels: 2341, 2328, 2319 Technically, we have buyers appearing on the local change of fundamental background. The bulls are winning within the consolidation. There is a possibility of strengthening, but we should pay attention to the news.... Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
UNFI → Resistance Retest. Ready for a breakthroughBINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth. On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance, which is once again being retested. A pre-breakout consolidation is formed against the wedge resistance, due to which an attempt to break the line and further strengthening can be formed. An initial test of resistance may lead to a small bounce, but a quick retest will increase the chances of a breakout. Support levels: 3.281 Resistance levels: 5.716 I expect the formation of a local consolidation with a gradual push to the resistance of the wedge and further breakout. Regards R. Linda!
ULong
by RLinda
13
About The FX Crash & Cash IndicatorThe FX Cash & Crash Breakout indicator is a powerful Forex trading indicator on TradingView. Crash (consolidation or ranging market) and Cash (breakout from consolidation into a long or short trade). It uses Heikin Ashi candle bars in combination with real price on the hourly chart to smooth price fluctuations and identify early range-bound price action breakouts. Consecutive gray bars indicate a crash move into a sideways market. A breakout occurs when it goes from a sideways market to either either green or red bars indicating the opportunity to cash in on a trending short or long market opportunity. While primarily designed for intraday trading, it can also be utilized for swing trading. It's crucial to use strict trading discipline, gain basic knowledge of trading practices, and focus on risk management. This indicator was created to enhance your marketing strategy.
by mergeandsurge
Russel 2000 - Consolidation into Q3 Hey Guys, For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22. To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)… Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the two white lines - Demand and Supply Lines from the Quarterly Chart. Keep in mind that the Blue Box is the High of 23 and the Red Box Constitutes the Middle Line of 22. I am looking to go long from the lower part and short from the upper part of the Consolidation - until a break occurs. Normally I would enter on the 4h or 2h Chart but I will break it down to the 1H Chart because I like to take entries from there (Risk - Reward wise). Thanks for reading
CAPITALCOM:RTY
by MeruEU
GBPCAD → Trend Change. The fall may continue to 1.710OANDA:GBPCAD breaks the uptrend, a bearish rally is forming and the price is testing local support. A break of the liquidity area will renew the sell-off against a weaker GBP and a rising CAD. Pound sterling is moving from accumulation to realization and downward distribution on the background of expectations that the UK central bank will start an earlier interest rate cut relative to the US Fed. The Canadian, on the contrary, is growing on the background of monetary policy tightening in the country. The resistance at 1.7336 plays a key role for the currency pair at the moment. A false breakdown (touching the SMA) is possible before the subsequent price drop, a breakdown of 1.7297 will strengthen the sell-off. Resistance levels: 1.7336, 1.7387, 1.7415. Support levels: 1.7297, 1.7228 I expect consolidation in the local range, which may turn into a phase of further decline. Key liquidity zones are 1.7228 - 1.7085. Regards R. Linda!
Short
by RLinda
1
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
XAUUSD 15M - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
NZDUSD → Local trend change? Moving down ↓ ?OANDA:NZDUSD breaks trend support amid a strong dollar. The currency pair could move to the downside if the bears hold the resistance area on their count. On the daily timeframe, the currency pair is inside the sideways channel, but at the same time breaks the ascending support line. Thus, the market is starting to look towards 0.6084 support as an area of interest. The US market has a day off today, so the volatility may be low, but nevertheless we have prerequisites for the beginning of the downward movement. If the bears keep the price below 0.6150-0.6140, the market may enter the phase of downward movement and head towards such targets as: 0.6083, 0.6000. Resistance levels: 0.6140, 0.6170, 0.6215 Support levels: 0.6083, 0.6000 At the moment the market is struggling for the area of 0.6140. Consolidation below the level or the beginning of the impulse to the support will confirm that the bears are holding the market, then we will have to wait for the achievement of the goals. Regards R. Linda!
Short
by RLinda
2
BTC the "Wyckoff Re-Accumulation" Hello Traders, Today we are looking at a the current consolidation or trading range of BTC over the past 4 months. When an asset is consolidating or trading range it could be either in an accumulation or a distribution phase per Richard Wyckoff. Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was an American stock market investor, and the founder and onetime editor of the Magazine of Wall Street (founding it in 1907). He was also editor of Stock Market Technique. During his early years Wyckoff studied many of the most well known early stock traders and later created his own techniques to navigate the markets now known as the Wyckoff Method. The Wyckoff Method is a technical analysis approach developed by Richard Wyckoff that emphasizes the relationship between price and volume to understand the psychology of the market. Wyckoff believed that by studying price action and volume patterns, traders could identify the intentions of large institutions, often called "smart money," and anticipate future market movements. This method focuses on specific phases within a trend, with accumulation being a key stage where large institutions discreetly buy shares before a potential price increase. This buying activity often leads to periods of consolidation, which Wyckoff saw as crucial phases in the accumulation process. Let's delve deeper into these consolidation phases, also known as trading ranges, and how Wyckoff interpreted them. Within the Wyckoff Method, trading ranges, also known as consolidations, represent periods where the price action gets stuck in a defined zone. This sideways movement reflects a temporary tug-of-war between buyers and sellers. While bulls (buyers) try to push the price higher, bears (sellers) attempt to drive it down. Neither side can gain a decisive advantage, resulting in the price bouncing between established support and resistance levels. Wyckoff viewed these consolidations as a crucial phase during accumulation, where large institutions strategically absorb selling pressure from weaker hands. By analyzing volume patterns within the trading range, Wyckoff aimed to identify signs of underlying strength or weakness, ultimately gauging the probability of a future breakout in the direction of the dominant force. Richard Wyckoff developed schematics to illustrate the various stages of accumulation and distribution within his trading method. These schematics weren't rigid formulas, but rather a framework to understand the underlying behavior of large institutions during these phases. One of the schematics portrayed in Wyckoff's accumulation schematic is the re-accumulation. The Re-accumulation similar to a normal accumulation is derived of multiple moving parts focusing on price action and volume. Below are the moving parts of a Wyckoff accumulation and the acronyms defined to better help you understand the schematic listed below. Please take a moment to understand these different stages of events in the schematic as we will be applying them to the current trading range which we are analyzing on the current BTC chart. PSY ( Preliminary Supply ): This marks the initial stage where large institutions begin discreetly selling shares after a significant upward movement. Volume might not be exceptionally high, but there's a subtle increase in selling pressure. BC ( Buying Climax ): This is a period of frenzied buying activity, often driven by retail investors. Volume surges, and the price might reach a temporary high. However, this buying is often filled by large institutions happy to unload their remaining shares. ST ( Secondary Test ): After the buying climax, the price might revisit the area of the BC to gauge remaining buying interest. This is a test of demand and can be a good entry point if volume is low, suggesting the selling pressure is fading. AR ( Automatic Reaction ): This refers to a short-lived price movement in the opposite direction of the underlying trend. It's an automatic response to the previous price movement and doesn't necessarily reflect a shift in the overall trend. Spring : a price movement that tests remaining supply of a security after a period of consolidation. It's a short-lived, sharp downward movement that often appears near support levels. The Spring is now always a part of the Wyckoff re-accumulation schematic. LPS ( Last Point of Supply ): This is the final significant selling pressure before a potential breakout. The price might reach a new high (higher high) on relatively low volume, indicating a lack of sellers and a potential increase in buying power. SOS ( Signs of Strength ): These are bullish price movements on increasing volume, often accompanied by higher highs and higher lows. They signal that demand is overcoming supply, and the price is likely to move upwards. Phase A (2/25-3/15) Preliminary Supply As you can see in the first move of Phase A of the chart shown between 2/24 and 3/04 we had a large buy up of proven to be institutional buyers which can be shown by the buying pressure in the graph below the new ETF inflows and outflows. This would represent the Primary Supply or (PSY). Sometimes followed by the shake out as you can see happened right after the build up of the PSY. This graph denotes the new Spot Bitcoin ETF's and companies that run them such as Blackrocks BTC ETF ( NASDAQ:IBIT ) headed up by the very well known name in finance Larry Fink with the company's Trillions under management in a whole. Greyscales BTC Trust turned ETF ( AMEX:GBTC ) Headed by the recently appointed Peter Mintzberg> Fidelity ( AMEX:FBTC ) leading the company as CEO of the larger asset fund manager Abigail Johnson. ARK 21Shares Bitcoin ETF ( AMEX:ARKB ) headed up by Cathie Wood. Bitwise ( AMEX:BITB ) ran by CEO Hunter Horsley and for all intent purposes we will leave the other 5 ETF's. These are listed in order of largest BTC holdings to smallest just for some context. Buying Climax The second stage in Phase A is the Buying Climax which is predominantly dominated by an increase of volume of retail buyers which you can see in the chart below showing the retail to institutional investor ratios between the time period we are currently looking at on the chart. This is also matched with institutional traders selling into the buying of the asset being bought up by retail. For this instance we can reference the data shown above in the Spot Bitcoin ETF Flows. AMEX:GBTC seemed to be the only large institution that was selling into this buy volume by us little folks. Phase B: (3/15-4/24) Secondary Test As defined above, this is when price action comes down into a demand zone and tests as selling pressure starts to diminish. This becomes a good point of entry for buyers. This is a crucial stage that tests the demand base established during the beginning of the re-accumulation phase. It involves the price action revisiting the area of the buying climax. This offers valuable insight into the strength of the accumulation process. Automatic Reaction After the secondary test you can see on the chart the price action had a swift return to the upper resistance zone creating the AR we are discussing now. The automatic response is a bounce off the lower support area of the consolidation range of the schematic. From the chart we can see a large bullish candle jumping from the bottom of the range happening on 3/20 followed by continued price action up to the top of the range, suggesting we have confirmed the AR within this schematic. Phase C (4/24-5/05) The Spring The Spring is known to be the Primary Shake out of the consolidation period. This is intended to shake out the "weak hands" within the asset. By creating a sense of urgency, it can entice short-term traders and those with shaky confidence to sell their holdings. The spring is characterized by a sudden and rapid decline in price, often accompanied by a moderate increase in volume. Another characteristic is low volume. After the Initial shake out there will be a price action rebound that Signifies the selling pressure has been exhausted and buyers are stepping back in. As you can see on the chart, the price breaks the bottom support range shortly after jumps back in proving buyers are back in the market. Phase D (5/05-current) Last Point of Supply As defined above, this event consists of a price movement to the upper part of the range with lower selling volume when the price pushes off the resistance area of the range. This is very indicative of the LPS stage of this phase. Sign of Strength The last stage in Phase D is the Sign of Strength. For the time being we are waiting to see this event unfold. The first indication we will have that this is taking place is the break of the top of the trading range around $73,250. If this happens we can expect the expansion phase out of the range to take place. In conclusion, by analyzing the recent price action of Bitcoin through the lens of the Wyckoff re-accumulation schematic, we've identified several key events. The presence of a Buying Climax, Secondary Test, Automatic Reaction, and Spring all suggest a potential accumulation phase might be underway. The recent price movement towards the upper resistance zone with lower volume hints at a Last Point of Supply, which could be followed by a breakout if confirmed by Signs of Strength, such as a surge in volume accompanying a price move above the consolidation range. While further observation is needed to solidify these signals, the Wyckoff framework offers valuable insights into the possible direction of the Bitcoin market. Remember, the Wyckoff method is a probabilistic tool, and future price movements can deviate from these expectations. Quote From Richard Wyckoff "I not only aim to make money but, to keep it and make it grow" Stay Growing My Friends, Savvy
by Crypto_Kinfolk
1
EURCHF → A safe CHF could lead to a fall in the pairing OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background Resistance levels: 0.9738 Support levels: 0.9677 I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market. Regards R. Linda!
Short
by RLinda
1
XAUUSD CONSOLIDATION BREAKPair: XAUUSD Timeframe: 1H Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, consolidation ————— Key Takeaway: For a full day we have seen the pair consolidate between 2332.8-2326.5 and we havent managed to break either levels. When the pair does we are either looking for a short or long trade depending on the confirmation of breakout (bullish or bearish). Once it does break out either way, we will look to take profits toward the top pennent resistance or bottom pennant pattern support trend line. ————— Level needed: need a close above 2332.8 or a close below 2326.5 ————— Trade: NEUTRAL RISK:REWARD 1:6 SL: — TP: — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
OANDA:XAUUSD
by TheGoldRoom
AUDUSD Multiple Rejections of Support In this analysis, I'm examining a consolidation pattern. Price is showing signs of rejection, and therefore has the potential for (temporary) long positions. AUDUSD has been consolidating within a rectangle pattern (on the 4-hour chart) for some time. Price has previously rejected support on multiple occasions, suggesting it may do so again. We have observed a long-wick candlestick rejecting the key level of support and a breakout of the downtrend line. I will be closely monitoring price for a trend change confirmation, specifically looking for higher highs and higher lows. --- At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Long
by Forexity
1
EURUSD → The currency pair may lose up to 2.5% ↓FX:EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment. Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on the price. EURUSD may test 1.0802 in the near future. It is necessary to monitor the price reaction to this area. A quick retest or consolidation could be a prerequisite for a downside breakout and further fall to the lower boundary of the global range at 1.0606 Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 I expect that the bears will continue to dominate the market on the background of the expensive dollar, which may lead to the fact that the currency pair may lose up to 2.0-2.5% of its value. Regards R. Linda!
Short
by RLinda
7
INJUSDT → Interested buyer. Ready to rise to 43.0?BINANCE:INJUSDT looks stronger than bitcoin and the crypto market. Against the background of the general decline, the coin is growing and this is a rather strong premise. The price may return to the range of 29.0 - 43.0. On D1, a pre-breakout setup is forming regarding the 29.2-29.45 area. If the price can consolidate above this area, then further traders will open bullish potential, the target of which could be a rise towards resistance (intra-range movement). The coin looks green in the red market and it means that someone is interested in it (big player). On the overall negative fundamental background there is a risk that the coin will go down, but for now I am looking out for further upside. *The long scenario will be broken if the price closes below yesterday's opening. Resistance levels: 33.62, 43.4 Support levels: 29.21, 29.85 The potential is there. It can be realized if the bulls hold the defense above the key support area. Regards R. Linda!
Long
by RLinda
6