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Congestion

USDCAD Beat a strong Congestion and ResistanceAfter USDCAD beat the congestion/resistance zone, it also beat a Daily bear trend line. Now on 4H timeframe we got a Bullish Bias and we can place a new bull trend line. The congestion formed before breaking the Bear trend line and resistance could be seen as a retest, but i missed the entry bar. So now i expect a retest on the following zones: - On the EMA and Bull trend line because we have a price over extended, or/also - On the congestion/resistance zone exceeded. We can have a setup for the next week.
Long
by Dantergy
1
PANW Iron CondorSince PANW is very rich in premium right now with a high IV. It seems to have broken support and is going sideways. ER is May 30th I may decide to take off the trade before then however I may also want to take advantage of the IV contraction. 195/200/240/250 EXP June 21st $290/710 Profit/Risk I plan to take the trade off at $150 profit which means I will risk $300 to make $150 since its a high probability trade. If this goes toward the bottom end I will try rolling the top side closer to the side broken or I may just leave the trade since the top side is more vulnerable. Trade Journal Entry, not trade advice.
PShort
by Synaptic724
OIL: Potential trouble aheadSeveral important things converge on UK Oil price (on weekly chart) creating probabilities for the south on most lower time frames: 1. Original Grade A ATR switch for the south. 2. Bullish rebellion into a near 61.8% Fib 3. Weak squeeze momentum rebellion (so far). 4. Horizontal zone of congestion near recent price. 5. VMA resistance level. Note that VMA and ATR resistance are each more powerful than ordinary horizontal resistance/support. But now we have confluence of ATR and VMA levels. Nothing in this snapshot analysis means that Oil price cannot go north. There are no predictions here.
TVC:UKOILShort
by Captain_Walker
IOTA: IS THE HIBERNATION OVER?After a huge bearish phase, the price has generated a simmetric triangle that is to be seen as the result of the congestion of the fluctuations. Both R.S.I and Stochastic haven't reached the overbought zone. However, I suggest paying attention to possible bearish crosses in the aforementioned second oscillator. The breakdown of the support or of the triangle resistence will give rise to a strong directional movement. This one will be matched with a growth of the volumes which have been flat so far. That fact means that the trade is facing a contraction and reload phase, then entering a high volatility area. We may get surprises.
BITFINEX:IOTUSD
by CryptoSphere_TC
NDAQ Operation LONG after the break out?Hello Traders, This is my first idea published in english, sorry for the errors..:) We are on NDAQ, weekly chart, the title has a powerful bullish rally, recently partially stopped. On the daily chart we can see how the resistance that has formed the triple max on the weekly chart, has become an important support for the price. In these days the price is moving laterally, in a small congestion with low volatility, (you can see the BB %B Indicator). We must wait a bullish break out, with an increment of volatilty for open a LONG position with a good risk/reward ratio.
NASDAQ:NDAQLong
by andre323
SPX is in a congestion phase and should restest the lowsIn these time of uncertainty, it is very difficult to take a position on the equity markets. I still think there is no reason to have a bigger correction than the one we have known in August, but I believe the market has to retest the lows before rallying again. I think several scenarios/events could hit the market before the end of October. (2 possible FOMC surprises in September/October, China issue,...) I do not know where the bad/good news will come from, but we can feel the market is waiting for it, and this is materialized by the congestion/sideways market we are experiencing today. Technically, a congestion after a fall leads often to another fall. For the Eliott's wave amateurs, remember that in a correction we have 3 waves, a, b, c. I am waiting for the c wave. I could be wrong, I do not think we can predict the future with the charts, but there is a certain logic when we look at the past (I refer to 1987,1998 and 2011 corrections). So as I actually do not want to take a decision now, I'll play the retest and I would aggressively buy in the yellow zone if we hit it.
FX:SPX500Short
by magnans
1
GBPNZD and EURNZD a Tale of 2 rangesThe MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this period -whereby the ATR in 2012 contracted - expanded in 2013 and contracted again in 2014. To the point where i would seriously question the usage of any educator/broker offering a day trading system that relied on taking a scoop out of the intraday range... Swing trading must surely be the only way to trade here with good odds... -or at least day trade after looking for some condition that can be utilized on an intraday entry such as a breakout, fake out and continuation or bounce at support or resistance. So we can see on the charts the Euro is almost at its low once more - or is this the 2014 low? Could we be looking at a double bottom with 2013 - or a higher low.. followed by some range expansion? What has the NZD got that Eurozone has not? EUR has retreated somewhat from the GBP and so the charts look balanced in relation to each other. We can speculate - but all we have to do is wait and then employ a technique for entry. The GBPNZD has managed to hold on to some of its gains and is static above a support zone of a 12% retracement... from 2006 to 2012 - if you took the double top at 2008 and 2009 to 2012 its much the same story. So range constriction, congestion and a clear sideways volatility zone - looks like a great pair to watch for range expansion and a breakout or retest of lows soon.... so neutral as we sit and wait.. So it's possible to Buy the bounce or sell the breakdown on the GBPNZD..and time that with a session open or weekly open perhaps. I would expect some retracement back towards the 2009 highs 23% and 38% -longer term. It's just not clear if that is now... The MTAutoFib and others can be leased from chart >indicators > marketplace add-ons> microtrends
by microtrends