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Consolidation

BNB lost $300 support!Today BNB lost the crucial support zone between $303 -295. If this level had been held BNB would have had many chances to return in the consolidation area within a few days. $300 support breakout occurred in relatively high volume. Two & a half hours before the daily candle close and BNB is already fighting the next essential support at $300. Unfortunately for the bulls, the probabilities are with the bears. (If this candle close near $260). Next support and the most essential of all is at $212. If you are still holding BNB it’s unwise to sell the dip. Even if the dip is at $212. If you are looking for a good entry for short position, it’s not the good time. Wait for the $260 breakdown and the retest as resistance before making your moves. This break occurred due to LUNA/UST events. Nothing more. (In the short term of course) Crypto maker is in extreme fear and that’s more bullish than bearish. Remember investing is a probability game. Not a financial advice. Always do your own research.
B
by Rhaonnor
What would be the best case scenario in the worst case? 💥It is important to remain realistic and avoid any scenario that will surely not come true in the current times. With the different events that the financial world is currently undergoing, it is better to remain very cautious about the Apple share price, even if Apple's financial results are better than those of other companies in the market, analytically we can see a slowdown in the rise of the latter. Everything will be decided in the coming week, if we break the bullish channel , we could reach lower and lower points and maybe enter a bearish trend , but let's be optimistic, we think that Apple's share price, will now consolidate between 179 and 154, to take off again once the events calm down....
NASDAQ:AAPL
by Absconse
1
[Netflix] When will the crash end?#Netflix #NFLX #NASDAQ #Daily - Here’s NFLX Daily chart. It recently has shown a huge drop about 73% from the historical high at $700. - During the fall, it made a consolidation zone (HVP: High Volume Peak) around $330~$400 surrounded by big gaps. - Currently NFLX reached 0.705 retracement level of the impulsive wave which also happens to be the bottom of the blue falling channel. - Also, there are some of major HVPs that were formed at 2017 at current price level and thus I believe this area is a PRZ(Potential Reversal Zone), expecting some technical price actions. - If it falls a bit more, some attractive buy zones are $153~$168 and $82~$97 which are confluent zones of trendlines, Fibonacci retracement levels, stop hunting level of an impulsive wave, and POC (Point of Control) levels of major contractions. - Some resistances that I am considering are $288~$303, $373~$388, and $443~$458. If you are looking for more conservative spot, I would recommend you to wait until it breaks the blue falling channel above and until then, I would maintain my bearish perspective.
NASDAQ:NFLX
by Tommy_Trader
1
John J Murphy: Trends + Channels + Nothing ApocalypticalMARKET CRASH INEVITABLE Oh wait... maybe I meant BUY THE DIP Or maybe we forgot about consolidation? Look, this market is overextended. I think we can all face that as a fact whether we are bulls or bears. $SPY hitting nearly $480? Remarkable given the fact that the $SPY high before COVID-19 epidemic was ~$340 (a 34.15% difference). Now, with the COVID stimulus boiled in, epidemic recovery in place, as well as a war causing many bottlenecks (oil, commodities, and sanctions) and don't forget boiling inflation, it's time for things to cool off. No we aren't looking for a +20% market crash, because we are already -15% below record highs. Is there more to drop? Possibly, Either way, there are support channels we are going to ride for some time while markets and economies alike adjust If you check out this link on John J Murphy: Technical Analysis of the Financial Markets Reach Pages 121-123 and see if those images and paragraphs look a little familiar to our current situation... P.S.: We will bounce off the weekly 200 SMA to the top of the channel
AMEX:SPY
by Langutang
2
How to use Inside bar strategyInside bar strategy is one of my personal favourites, in this section I will detail how and why I trade Inside bars to deliver more profits during a trading week. Now In my personal opinion any non profitable trader should be chomping at the bit to learn this strategy as it has the potential to really aid your trading journey. So lets breakdown what finding an Inside bar means... So above me here is the recent rally from the pair GBP/JPY , I have highlighted a few of the inside bars but if you look close enough you will see more, So an Inside bar on the daily is telling us the day before we had a strong rally this can be called candle (1), so Candle 1 is a rally, Candle 2 is inside the range of candle 1, what this means is that on lower timeframes we have seen consolidation, Price hasnt broken the high of candle 1 or the low of candle 1, so when candle 3 breaks the high of candles 1 and 2, price rallies to our target. So the entry comes after the high of candle 1 and 2 broken, you use a stop loss under the low of candle 2, and you aim for 1:1 risk reward. When is the best time to trade these candles? In strong rallies you will see this set up form alot , the reason for this is because in strong rallies, we often see rally-consolidation-rally. Typically this strategy will win around 70% of its trades and is great for entering rallying or depreciating currencies, I hope you guys can put it to use like I have over the years! any questions please feel free too comment below (This is not trading analysis this is purely to demonstrate how inside bar works and how you can use it in your trading). Enjoy the weekend!
Education
by ZenFlo
NQ Power Range Report with FIB Ext - 4/22/2022 SessionCME_MINI:NQM2022 - PR High: 13727.50 - PR Low: 13693.00 Evening Stats (As of 12:45 AM) - Gap: = N/A - Session Open ATR: 374.61 - Volume: 34k - Open Int: 230k - Trend Grade: Neutral - From ATH: -18.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022Short
by mv3trader5