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Consolidation

XRP - The Trend Has Started To Reverse To The UpsideXRP has held the lows and with recent BTC pump it is safe to say that we have reversed from here. We could still hang out at these prices for a bit but not very long. I still expect prices to pause at certain trading ranges (colored boxes) but generally not for long as we have accumulated long enough to eventually expect parabolic rise of some kind. I am not a financial advisor so none of these should be taken as a financial advise. Be well. BINANCE:XRPUSDT
Long
by AVA37
6
CRWD Bearish Consolidation? CRWD is off a little more than 30% from its highs. After a nearly straight line down, it has found buyers and shown consolidation. We are currently waiting for consolidation to break and provide direction. On the short side, we are looking to short near 210 down to support at 180 with a second target at 170 fib support. The stop on this short would be above 214. You could also take a long position above 212 for a trend reversal. The target on a reversal looks to be 225. Current trend is down so I am short biased and awaiting breakout confirmation.
NASDAQ:CRWDShort
by Decam9
BTCUSD Elliott Wave Forecast - Wave 4 Bullish Hidden Divergence*Re-post* Previous idea got removed. A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below). In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum indicator shows a lower low. This can usually be spotted towards the end of a correction indicating that price may soon rally. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
BITSTAMP:BTCUSDLong
by BeyondEdge
5
$CHD ready to move higher after breaking out of ~17 month base?* Excellent earnings quarter over quarter * Very strong up trend on the monthly time frame * High relative strength of 2.75 in the Consumer Defensive sector * Pays out a quarterly dividend * Breaking out a ~17 month base * Both monthly and weekly candles show a large bullish hammer candle * The weekly chart used the base resistance of $97.53 as support and mad a very strong move higher on earnings today Trade Idea: * Now's a great time to enter as the price is just breaking back higher. * Held up very well during a massive correction. * If you're looking for a better entry you can look for opportunities near the $100.7 area as that should serve as a temporary support level.
NYSE:CHDLong
by HaseebKhan_90
9% RATE OF RETURN ON EUR USD BREAKOUT REVERSALThis Video analyzes the trade result of 90 Pips (a 9% Return) that was captured on the EURUSD, as the pair continued the False Consolidation Breakout Reversal that took place on the Daily Chart earlier this week. The main Technical Factors that supported this trade are analyzed using the relevant sections of my Trading Manual, so that you can know how to take advantage of similar setups in the weeks ahead. Specifically, the video describes 1. How to Accurately Identify Consolidation Setups (Page 25) 2. Why you should always trade setups that are in sync with the Main Trend Direction (Pages 32, 33) 3. Predicting the Formation of Consolidations and Breakouts (Pages 34 to 45) 4. Rate of Return and Holding Period Requirements 5. The Discipline to Hold Trades for a Few Days It is very important to be able to accurately identify the profitable setups provided by the Daily and 4 Hour Charts each week. Once you can do this and have the patience to hold trades for a few days, you'll be able to enjoy Rates of Returns of up to 10% Per Trade on a regular basis each month! Duane Swing Trading Master
by shepherdduane
$SOXX SEMI CONDUCTOR STRENGHT WILL NOT BE DENIEDI like the setup I am seeing for resolution to the upside for semi-conductors here. I do have one concern but I'll address that shortly. On the left is a weekly candle chart of SOXX the iShares semi-conductor ETF. The upward trendline from the covid-crash trough is firmly intact. The 100 Day EMA has proven to be key support. The index started consolidating the second week of November after a 10% move up the previous week. The index has been in that consolidation period ever since - perfectly normal and healthy. During the consolidation phase a support level around $516 has been established. What I don't like are the upper wicks on the candles during this consolidation phase. It shows that prices have not been able to breakout to the upside despite trying to push higher. If your looking for an entry, either a level down closer to support or a close above the upper wicks would be a better spot then where the index currently sits. I do believe that the current evidence points to a breakout of the consolidation. Here's my case: 1) The long term uptrend is firmly intact. 2) Consolidations are continuation patterns. 3) Relative strength to the broader index (soxx/spy) is testing a breakout level after forming a deep base that goes back nearly a year. 4) After a tough chop-filled week in the markets XLK showed relative strength to SPY on Friday's close. The majority of the names in the XLK that outperformed it's sector were semi-conductor names. 5) XLK/SPY showed a move higher before getting to previous support - relative strength improving due to semi-conductor names in the XLK. Links to my watchlists: SPY Sectors - www.tradingview.com XLK Holdings - www.tradingview.com SOXX Holdings - www.tradingview.com Toggle by change% and everything above the index ticker outperformed for the day.
NASDAQ:SOXXLong
by Breakout_Charts
EURUSD Once Again on the RetreatThe price action of EURUSD retreated back to a broad consolidation range spanning between the major support level at 1.12850 and major resistance at 1.13850, following a false breakout. The dropdown is currently taking the shape of a descending channel, and the price action is temporarily consolidating just above its middle line. Given that the underlying bullish momentum is waning, as demonstrated by the falling histogram of the MACD indicator, the dropdown is likely to be extended towards the lower limit of the consolidation range. That is why bulls should not consider entering long before the price action probes the 1.12850 threshold.
Short
by Trendsharks
IWM [Russel 2000] Inverse Head & Shoulders & BreakoutThe IWM as seen from the chart has been forming a solid and strong Inverse Head & Shoulders. An Inverse Head & Shoulders is a strong Bullish Chart Technicals Pattern, that can be seen here. 2 Shoulders, and 1 head in the middle, making the low. I am sharing this idea, as it is a pattern which has been printed on the Russel-2000 this past week, and can't go unnoticed! The Russel-2000 Index has also been in a YEAR-long consolidation, and is ready to make a move one way or another. On the weekly time frame of the Russel, the TTM_SQUEEZE Indicator a momentum indicator that can also predict big moves has been flashing red (signaling squeeze) and that a big move is coming one way or another. AFTER This recent breakout attempt in November from IWM, and a retest of the bottom consolidation levels, the russel seems ready to bounce up with this inverse head and shoulders, or make a break down. I think this is something to definitely keep on your radar folks! Good Luck Trading! I am personally looking at playing this with either : IWM febuary monthlys OR $URTY a 3x leveraged russel ETF
AMEX:IWMLong
by ZachSap
XAUUSD Awaiting breakout, but not yetGold 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 expect to see another rejection in the area of this upper trendline back into the triangle to continue this huge consolidation, but price is getting wound tighter and tighter and may be due for an explosion in the near future. Expect to see a rejection from this level - which could be taken as a good risk/reward short with stop loss above the trendline - and price to squeeze further into the peak of the triangle, at which point we will be primed for a big breakout. Whenever it happens, the breakout of this triangle will be one to watch, and I'll be taking a position intending to following the trend in whichever direction it breaks out with the intention of a medium-term hold, which for me would be approx. 7 - 30 days.
OANDA:XAUUSD
by HayeTrading
20
First Shark Complete! 🦈🦈USDCAD - Nice looking shark here, completed at the .886 but stayed within the downtrend structure. Price is currently ranging but is looking like its going to breakout towards the first profit target the 0.382 (Which is again a very strong demand zone) Here I will also look to take buys if it reaches this level and we get LTF entry confirmation, and if price breaches/retests ill be looking to add more orders in down to the 1.13 D point. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Short
by benalistarfx
RISKY 10% DOUBLE TOPS TRADE ON THE EURO AUDThis analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a strong Tweezer Top to indicate the start of U-Turn on the Daily Chart, which would lead to completion of the Double Tops Signal. Once completed, it will take us lower towards a short-term Support that can be used for our first target. Thereafter, we can wait until the market provides us with another setup to trade towards the Support Boundary of the large Pennant Consolidation. Duane Swing Trading Master
Short
by shepherdduane
1
1M Bnb/Usdt - Bearish, consolidation or bull flag?There are many possible scenarios in play with Bnb atm. I still think that in the 1W timeframe it would start the bullish leg to new ATH around 900-1000Usd. But it is still possible that there will be a long consolidation period because monthly Stoch RSI is still going downward. Consolidation last time with the same levels of RSI took 8 months. 20W Moving average is 280usd atm. Do we touch this one before going up? There were lower lows a few months ago so it's still possible we get the higher low by touching MA20 and still get the bullish pattern in the long term. 50W MA is around 125Usd. Actually, Bnb would be bullish in the long term even it would go to that low. Not Financial Advice. Do your own research.
by TraderSpace
1
Sunteck realty positional viewThe stock of Sunteck realty has recently given strong breakout from its ATH levels of around 535. It has given a retest of the breakout level and currently consolidating from past few days. We can see a fresh upmove above 590-595 levels.Also, stock can be accumalated at current price and added on dips upto 535 as Realty sector is expected to perform good in the next 2-3 years This is just for educational purposes and my personal view based on technical analysis.
NSE:SUNTECKLong
by chartistamey