Consolidation
GBPUSD | Perspective for the new week | Follow-upThe US Dollar still portray the tendency of heading for some gain in the new week as Federal Reserve pushed back on market expectations for an early end to the aggressive interest rate hikes to combat inflation. From a technical standpoint, the consolidation phase characterized majorly by selling pressure from the $1.19700 area during last week's trading session might continue this week as a retracement into the either the trendline or $1.14000 area in anticipation of a continued bullish momentum is a strong possibility.
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HEROMOTOCO - Bullish Consolidation BreakoutNSE: HEROMOTOCO is closing with a strong 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 consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% 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
Disclaimer:
This is for educational purposes only.
NAVKAR - Bullish BreakoutNSE: NAVKAR is closing with a strong bullish 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 consolidating for the past few days which is indicating demand.
One can look for a 9% 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
Disclaimer:
This is for educational purposes only.
BTC UPDATE! $18K INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC rejected from the $16.8k level and made another LL around the $16k level.
Why does BTC go to $18k from here?
* BTC already breaks out from the falling wedge-like structure and currently consolidating above the triangle.
* Producing a bullish divergence in RSI in a 4hr time frame.
* $15.8k$16k is a very important area to hold.
* Currently, BTC is consolidating above the $16k level and throwing out from the market who have less patience and use high leverage. Once it is done a bullish rally up to $18k is highly possible.
Invalidation:- 4hr close below $15.8k level
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
DXY Consolidations TipsHello Traders!
Here i'm showing you how to filter through pairs when the DXY is moving sideways.
DXY in consolidation = EU, GU, NU, AU in consolidation
This makes the crosses highly more manipulated.
You want to find the strongest and weakest and match it up to make a currency pair to trade.
How low can you go?Using historical price data we can speculate on potential reversals in price action. Price Trends have Three Directions, They trade upwards, They trade Downwards and We can't Forget that Markets trade Sideways. Market Gurus are always hopeful for upwards trends. You may have heard the term "crypto winter" but realize that before Summer comes Spring. No matter what Bitboy Crypto Says on YouTube its foolish to expect a volatile Downtrending market to immediately Transition into a Volatile Uptrending market. Consolidation Periods play an important role in healthy financial markets, maybe if Caroline Ellison Practiced proper Technical Analysis FTX wouldn't have gone Bust. Expect Further Downside and more over leveraged players to get margin called.
short position for ETHUSDT...hello guys...
Ethereum has been in compression and consolidation for a long time (based on 15min timeframe) and has been released today.
I only suggest shirt position.
what is your opinion?
same for btc:
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
NASDAQ 100 PREDICTION FOR 14-11-2022 Dear trader our prediction for today depend on the the chart analysis 1h , d , 15m
We find the price had moved up a lot without correction and now it make a consolidate for correction in important resistance the price try to break it many time but can't so if the price still not break this resistance then ,, we advice you to be ready to take short position until next support as you see in the chart
Also all the indicators give us same analysis
Be careful today the market not clear until now
Band Protocol: Anticipating Major Volatility In The Near FutureBand has already had a huge move upbut despite that it's not trading anywhere near the levels it used to trade at relative to it's highs. I think that now that the RSI has cooled down from it's recent highs that we will now see Band Continue the Bullish Momentum and make a move up to around $4.50 thereby completing a the Bull Flag it's Developed here.
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up.
Breaking the mid-range now to the upside - want this to hold.
Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating.
I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand.
LINK Marines may just push this one higher.
V
3 potential outcomesHey Dogers!
Gaps need to be closed between 12 and 6 cents
If we don't dip into the blue box to close those gaps now, we will likely break 16 cents on the climb to ~20 cents at the 0.5 FIB before falling down
Bull: extend to 20 cents, pull back to 16, extend to ~32 and beyond?
Balanced: Consolidate around 8-9 cents (bottom of the blue box) meaning ups n downs with lower highs around 14 and higher lows in the 6-7 cent range
Bear: Drop to test 4.9, pull back to ~11, fall down to ~0.1 0.2
I think the bull case is most likely in the short term, lasting to the end of the year. We are coming off a multi month bear side, we should see a few weeks of consolidation before more volatility.
GBPAUD distributionThe pound had rallied against the Aussie for a while. But then we went into a large consolidation pattern. This looks to have fake'breaked to the upside and now is making moves lower.
We could get a continuation pattern at a break of this morning's lows. The best thing to do would be to overlay a Wyckoff schematic and see if it could be the end of a distribution period.
AUDUSD Sell IdeaHere are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation and expansion and now we wait for the retracement to supply where we will wait for a change of character the another zone on the smaller timeframe to trade from.
ADANI ENTERPRISES STAGES!!BLUE CIRCLE: is the consolidated market after the nifty 50 gave its bull run recently after June 20th.
ORANGE CIRCLE: is the buying and selling, basically the manipulation of stocks for the short period.
RED CIRCLE: and now the current stage, where the stock is forming A HIGHER LOWS PATTERN, chance to give a breakout.
PURPLE LINE: is a support.
Mdex - Symmetrical Consolidation I am long.
Some serious consolidation here charging up for a large move imo.
If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market).
Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle.
Manage risk, don't assume this will break upwards.
V