Get started

Consolidation-breakout

Strong Push Higher Through ResistancePrice has finally snapped higher out of the consolidation box pattern it had been stuck in over the three weeks. The last time price tried to breakout it quickly reversed and created a false break. The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support. This could also be a solid level to watch for any bullish price action clues to get long. Thanks for your like and support.
Long
by TaherJalili
XAUUSD Technical Analysis, Scenario 1 and Scenario 2DISCLAIMER : Take at your own risk . Past results does not reflect future results. Please use PROPER MONEY MANAGEMENT. IF IN DOUBT, GET OUT. OANDA:XAUUSD Analysis: Daily TF: Daily Trend is an UPTREND and is above 50 MA. Previous Day Candle is Spinning Top, Market is in tug of war, no clear indication of where it will go. Daily Fib indicates that it hit and area where BULLS would potentially push the market up. Price Action hit "Daily Support 1" which was tested Aug/23/2011 and Sep/06/2011 where in both occasions the BEARS pushed the market down. There was previous consolidation from Jul/08/2020 to Jul/17/2020 in the range of 1787.60 to 1814.80 in which the BULLS pushed the market up after Jul/17/2020. This area is now a Price Reversal Zone which means that if BEARS take the price to this levels, potentially BULLS will resist and push the market up. 4H TF: 4H Trend is starting to look like a DOWNTREND and is below 50 MA. 4H Fib is showing that it hit an area where Bears would potentially push the market down further. However, there is potential Divergence in this 4H TF as the slow line (MACD LINE) is curving and histogram is showing a slowed momentum from BEARS. 1H TF: 1H Trend is a DOWNTREND, is below 50 MA and approaching the 50 MA curve. 1H TF has a Bullish Pennant Flag with a Flat Top. This indicates that BULLS are pushing the market up to a certain extent before the BEARS take over with lower volume. Breakout Strategy: Scenario 1: BULLS push market up, Buy Stop: Entry: 1950.50, SL: 1929.20, TP3: 12035.90, TP2: 1979.90, TP1: 1959.00 Scenario 2: BEARS push market down, Sell Stop: Entry: 1906.00, SL: 1934.50, TP3: 1807.00, TP2: 1845.70, TP1: 1884.00 These values are from my own analysis. You can move SL around to what you are comfortable with. Use proper Money Management. Beginners to note XAUUSD is per tick not per pip, so 1 tick is 0.01 for lot size 0.01. If you don't have proper management, don't take this trade. IF YOU IN DOUBT, GET OUT.
OANDA:XAUUSD
by TrueChampionMindset
1
SPX500 REVERSAL???Potential double top could be forming on the daily hinting at a new downtrend coming soon. NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines. I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames. A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box. Comments welcome! Happy Trading!!
FX:SPX500Short
by blessedasalei
Possible Milk and Honey with Covid INOOther Covid players are occupying the spotlight... However, INO chart analysis looks promising! Including: 1) Double bottom has occurred, as indicated by the bubbles 2) Stock price did not give up 23June2020 gains 3) Stochastic indicator shows an uptrend 4) Consolidation volume in play; pay-tience pays here 5) Nice wedge formation, looking for possible breakout Solid green line shows $19.35 is solid support, it's retested here several times. The strategy: Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move Target Sell #1 - 27.00 31.38% winner! Target Sell #2 - $31.70 54.25% Winner! !!BEWARE THOUGH, IF $MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!! *Let's see what happens* DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NASDAQ:INOLong
by mrmaximo74
2
The potential for CARS.ComWe are looking for entry at retest $8.25 (limit buy) 1) This condition would be met if Stochastic is trending back upwards (buying the pullback on an uptrend) 2) Good bull volume, after consolidation; something compelling to make the move Stop Loss $7.66 Target Sell price TIER 1 - $11.12 34% winner! Target Sell price TIER 2 - $13.49 63.5% Winner! *Let's see what happens* DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NYSE:CARSLong
by mrmaximo74
FKLI TRADING : 112) 1616-1620 STRUCTURE STILL HOLDWAITING FOR overhead resistance : 1616 1-620 TO BE BROKEN.... higher resistance : 1640 critical and strong support : 1587 lower support : 1560 -1564 PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid... WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!Long
by HAIDOJO_trading
FKLI TRADING :106) sideway market for the past 9-10 dayshi, this is trade 106 frm haidojo trading...fkli has presented a pretty boring sideway market for +- 10days...if you trade a "box" tunnel, so this is the time when your winners are going to flourish...but if you trade a breakout pattern like I do...haiz, B...O...R...I...N...G... so awaiting either of the support level side 1587 or the resistance level 1616-1620 to be broken...according to what has happened recently, it is likely that klci will slip down slowly...but...who knows...??? WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading
does this look like an alien to you? Does that figure/pattern look familiar to you...? does it appear like some sort of alien shape to u or juz another common pattern known as "inverted head-and-shoulder" pattern...I found out that this pattern are quite popular amongst fcpo reversal patterns/signals...other than Double Bottom...normally you look for this at near bottom for a possible reversal signal... anyway, I totally missed this...so tis is the kind of mistake you anticipate when you trade pattern, as sometimes the "eyes" are not capturing those meaningful patterns...so I had better stick back into resistance level- current 2420... a breakout might retest 2475... a critical resistance or the "head" formation of a possible larger "head-and-shoudler" pattern...pls refer back to my previous episode if you feel lost... that's all for today...many thx if you like this kinda trading idea, pliz like and follow... WARNING : any ideas in this section should not be perceived as hint for BUYING or SELLING, trade at your own risk...
MYX:FCPO1!
by HAIDOJO_trading