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Consolidation

GBPUSD - See how looks the BIG PICTURE?! Hello traders, investors and community! Today i am analysing GBPUSD in the short, middle and long term! Looking on the weekly chart for a overall perspective you can see on my chart that GBPUSD made a huge sellout from october 2007 to January 2009. After this it formed a triangle from january 2009 to march 2015 which you can see in blue on my chart, this triangle broke out to the downside and formed the second sellout from march 2015 to october 2016. Now we see an interesting chart formed in the past with a second triangle. Short-term perspective: On the chart you see now that GBPUSD is just at the beginning of the C-line from the triangle (Third triangle move). On the short-term this is definitely a good possible opportunity to trade on the LONG side! Middle-term perspective: The second triangle is just in progress now. And i am expecting that it will form in the next weeks/months. The outcome of a triangle is always unsure, wether it breaks to the upside or to the downside. Normally it moves in the direction formed before, with a probability of 70 to 30. Long-term perspective: In the long run i see that GBPUSD is in an decision phase now, with a consolidation over a psychological level which will happen the next months. After this the triangle will probabily break-out, wether up or down. Normally, it should break down because GBPUSD made wo huge bear-moves before. The probability would be 70 % for this move to the downside, otherwise to the upside with a probability of 30 %. This is a good example for consolidation periods and the outcome will be interesting! The triangle can be traded on own risk, of course this is only educational and should not be used to take action in the markets! Thank you everybody for watching! Peace and love to everybody! Crypto, forex, stocks, give me anything, i will make it clear!
Long
by VincePrince
1
💱GBPJPY - A retest of support could strengthen the price GBPJPY is forming a counter-trend correction on the background of the upward bullish trend. Within the correction and descending price channel, a bullish reaction is possible when support is retested TA on the high timeframe: 1) resistance line at 183.76 was broken earlier 2) Bulls are trying hard to hold this area. A false breakout may follow on the back of weakening GBP, but a surge in liquidity may push the price up TA on the low timeframe: 1) A correction forms after a breakout of the ascending price channel 2) The correction is formed within the descending price channel 3) Price may soon test the support area at 183.09 4) From the support, on the background of the global bullish trend, we can expect growth. Key resistance📈: 185.25 Key support📉: 183.09
Long
by AndeWave
11
GOLD → The scenario is confirmed. XAU turning red OANDA:XAUUSD is breaking support, MA50 & MA200 and is building momentum, making local lows along the way. Back in Sunday and the first two days of the new week, I talked about an impending fall from 1950. What happened? We see a 250 pip drop. After the retest of 1926, a new bearish impulse is forming. The local resistance level is doing its job. It is not certain, but the price may return to 1926 or 1932 for a retest before a further fall. On Sunday, at the global OANDA:XAUUSD review I talked about an impending decline as the price is testing the resistance of the global descending channel. On the local timeframe, this is all confirmed. The market could define the following zones as local and global targets: 1916, 1903, 1885. I expect the continuation of the fall both in short-term and long-term perspectives. Moving averages demonstrate stopping and change of trend. A strong medium-term signal may be formed in the near future. Support levels: 1916, 1914, 1903 Resistance levels: 1926, 1928, 1932 I expect a continuation of the fall based on the assumptions mentioned above and in earlier ideas. COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
BELUSDT → Moving into the realization phase of consolidationBINANCE:BELUSDT feel better than the same BITSTAMP:BTCUSD which is preparing to fall. The weak market and red bitcoin speaks volumes, but at the same time there are coins in the market that can show good potential On the BINANCE:BELUSDT chart, I pointed out the descending triangle and we see the breakdown of the main scenario and purpose of this pattern. The price is breaking the resistance and trying to form an impulse. The market is moving into the phase of realization of the accumulated potential and only 0.6894 area separates us from the distribution. If this resistance is broken, a rather active bullish impulse to 0.9000 or even to 1.2000 may be formed. In the near term, the price may move into local consolidation between the previously broken triangle boundary and 0.6894. Another retest of the resistance may lead to its breakout and impulse. The price is testing MA-200. There may be a retest after the pullback. Support levels: 0.6210, 0.564 Resistance levels: 0.6894, 0.7150. I expect consolidation and retests of 0.6894. One of the next retests may lead to a breakout of this resistance, which will form an impulse to the above targets. Regards R. Linda!
Long
by RLinda
11
GOLD → Pre-breakdown consolidation near resistance OANDA:XAUUSD makes another jump and updates the high of almost 4 weeks ago. All this is happening after breaking the resistance of the ascending channel. Locally, a symmetrical triangle is formed, which can form an impulse both up and down, the main idea here is that consolidation is formed, which indicates that the market is preparing for further action. Within the bullish impulse the price tests the previously mentioned resistance level 1947 and forms a pre-breakdown consolidation. This level is not a target level and most likely the growth may continue. There is also a possibility that a small correction may be formed before further growth. Moving averages indicate a strong bullish trend. Support levels: 1943, 1942 Resistance levels: 1947 I expect another retest of resistance with a chance of a breakout and further growth towards 1950-1955. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
35
CVXUSDT → The coin is preparing to break through resistance BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse. If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly. The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA. Support levels: 2.417 Resistance levels: wedge resistance, 3.180 The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge Regards R. Linda!
Long
by RLinda
6
Trading Lesson 👨‍🏫#2 - Understanding Consolidations in CryptoIn today's lesson I will explain the difference in consolidations. Some of you are new to the market and are probably wondering what's happening exactly when it's not moving in price and when it's moving down more than up but would later return to the last price it was. Well to best answer that question. It's called consolidation: It's a thing that happens in the crypto market where waves of prices fluctuate up and down calculating the sells and buys of the market until it meets a point of exit - after consolidating the actual price of the market you're in, and only has two places it can go. There are two types of consolidation. The first is where it does a price correction where you have rapid 📉drops or rapid 📈rises. An lastly is a repeated wave🏄🏼‍♀️ that can run in the same location for a few hours, sometimes days, give or take how many orders were made within the past few minutes - hours - days - weeks or months. Consider it like a balloon🎈 being blown into until it 💥pops!💥 Now this is where the problem begins - we don't know where it may go once it's done, could go up or down and when that balloon has popped it's rapidly going there. We could see the 0.00002000 - range within a few hours or just see 0.00000900 range within a few minutes, depending on the orders made for shib and the rest of the market as a whole, this can last for days, weeks depending on the amount of buys or sells. Also note these are when you get the same surprise jumps like we did in 2021. It started off from the 850's and jumped to the 0.00001300 within a day. However; right behind it, is a price correction waiting for a peak in the returns to meet its end. Once that happens it'll just fall or rise back to where the price actually suppose to be and starting the process all over again. You may not know it but there are all forms of consolidations on ever chart from 1 minute to 4 hours to 1 day to 12 months. You're in a consolidation right now and you don't even know it. Like the ones that occur on a weekly chart, This is what I call "a Seasonal Trend" the day, week, or month, is in a seasonal consolidation and is trending high or low. But note anything can stop a seasonal trend and disrupt the flow of it, but it will continue the process as long as the damage done was not to bad such as major crashes in a seasonal up trend due to outside interferences such as massive sell-offs, regardless it'll still attempt to rise back because it's in a wave that's trending up-word, if the wave was trending down then it would do way more damage than expected. But the worst thing to do in a consolidation day - is to sell while it's consolidating, the price may not go no higher or no lower, and if you sell while at a low price in a consolidation you will likely lost position and will have to wait for it to finish to get more shares let alone the original shares, that's if it drops, so best to hold while in a consolidation day, at least until closing. So I hope this answers anyone question as to why your crypto stock of choice is not moving anywhere, it may not move for hours or even days. you'll just have to wait for closing hour to see if it will pop - hopefully on a positive outcome. So Happy Trading Everyone
Education
by Grandmaster_Oz
ATOM Looks Bullish!!Long Entry Trigger Cosmos Has found support above a pivot low and has also swept those lows. Buying pressure seems to have come in and it's now consolidating above support. The most probable outcome is that the price moves a little higher from here. -------------------------------------------------------------------------------------------------- Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
AVAX Golden Zone & Trend Break!?1AVAX has retraced to the golden pocket Fibonacci zone and has held the level long enough to break through the downtrend. This in my opinion is bullish and if Bitcoin stays neutral or becomes bullish, AVAX should have a strong move up from this level. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
CTRM High Tight Bull Flag in Consolidation LONGCT CTRM jumped about 20% with earnings in my idea published as that was occurring. It is now in consolidation for two days on the 30 minute chart in what appears to be a high tight bull flag pattern. These patterns are typically predictive of a bullish continuation with decent reliability. The continuation can can be as much as the height of the flag pole which is about 0.13 and so a continuation could be in the neighvborhood of 13/57 or about another 22% higher. My trading plan is I will buy when price breaks above the flag's parallel channel with a stop los below the channel. If there is a breakdown I will consider going short with a stop loss above the parallel channel. Longside my target will be 20%. If I go short, I will target a 50% retracement and so about 10%. For the time being, CTRM is on my penny-stock watchlist as a long trade.
NASDAQ:CTRM
by AwesomeAvani
HCLTECH - Bullish Consolidation Breakout with VolumesNSE: HCLTECH is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:HCLTECHLong
by BrahmaBull31
RAD Rite Aid Bull Flag consolidation RAD recently popped in a big way and on the 2H chart is now settled in consolidation about 67% above the prior base. That is to say, it is in a horizontal channel awaiting further volume and direction from traders. The bias is for a bullish breakout of continuation and momentum. Potentially RAD could rise the height of the flag pole but this seems unlikely given the current general market. the dual RS indicator shows support at the 50 level a good sign the retracement is over, The MACD lines are dancing around under the histogram. I am putting this on watch. If RAD goes over the top of the channel I will go long. If it goes under the channel I will go short. I could do both and hedge but that is complicated and with more risk. The stop loss is outside the opposite side of the channel. My target is a more up or down about 50% of the completed move represented by the flagpole. I consider RAD a mem stock with a potential short squeeze in process. Buckle up and drive safely. DYODD.
RLong
by AwesomeAvani