TRYZAR Symmetrical Triangle. Get Ready for a breakout!Symmetrical triangle usually forms during a trend as a continuation pattern. so there is a higher chance of breaking out to the DOWNSIDE
Consolidating
NEO still has downside trend line break objective in playNEO (charted in dollars on Tradingview) is still consolidating, but still has a bearish pattern break.
The ADX has run flat as the directional index lines tangle up to show no direction. The break of the trend line was there, and the objective is still in play. There is not enough momentum to switch trend back to the bulls, so a slow move toward the objective remains the call. The arrows marked where the break of the trend line A should go.
Weekly S/R
Critical Resistance: $25.30
Key Resistance: $20.80
Key Support: $16.15
Critical Support: $13.68
Japans BREAKOUT coming soon? Could get hot!#WeeklyHey tradomancias,
here just a quick overview of Nikkei225 which is moving inside an acsending triangle.
How do you think will the future look like?
Some facts about the globale situation:
1. S&P500 0.09% = 7% Plus since Years begin
2. Globale Stockmarket (measured on ETFs) = -7%
3. Chinas Stockmarket = -19%
Question: Does that make sense?
-----------------------------------------
- First time since 1987 - 2001 the S&P 500 0.09% showed 4 red days in a row
- Apple: falling since 4 days
- Nasdaq: Worst performance since march
Conclusion? Since July defensive sectors doing well.
- Export indexes like Dax -0.13% suffer
- Techs like amazon seems to advoid the high-risk-aversion since Juni caused by the tradewar = Greatest potential for a corretive phase.
- US-techs compared to CH-techs like Tencent, Alibaba etc. = massive difference in performance and Sell-Off in Stockmarket & Techmarket
- Apple -1.34% produces in China and Trump wants them to produce in the USA / Is he going to destroy the globale supply chain performance like in 1930?
- Apple -1.34% = vulnerable company
We will see. It`s getting exciting! :-)
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t foorget to follow me.
Any questions? Need signals or education? PM me. :-)
BCN PREPARING FOR NEXT MOVEsupport established
consolidating nicely
next move should be a good healthy one
2-year head & shoulders top in Usd.Cnh with a long way to go2-year topping pattern which has broken out and been consolidating. Ultimate pattern target around 5.90.
Currently in a triangle that has yet to resolve itself. A break down from this small triangle would be a low risk / high reward entry.
ASCENA Retail, Short Term Roll/Consolidating, ASNAI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock Trader.
For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and continue its roll back up to a $2.47ish Resistance. If Ascena hits one of the two Support lines I've drawn and bounces up, and the market tone of the main Indexes ends the current retracemet and reverses back to the ongoing Bull trend, I will consider entering an up play.
Litecoin tank almost full..In my previous post I failed to notice that the gas tank was not full. After a quick trip back to boring...should be good ready very soon! (will possibly finally lift off without BTC)
LTCBTC - consolidation before breakoutSo I hear a lot of people talking about how LTC is going to crash because it failed to breakout last night. They are on 1 minute candles - cocaine candles we call them.
Last night wasn't a breakout, because LTC is not trending. It is consolidating. And it is reaching the end of it's consolidation phase.
Buy the support (purple box) with a stop-loss at 215 (conservative) or 200 (riskier).
LTCUSD 1h - Showing a triangle pattern - fib retracementAfter the recent spike in price due several reasons (one being LTC entering the Korean exchange?), LTCUSD is showing triangle pattern towards perhaps a consolidation level. This level also happens to be located at a fibb retracement level. Where the price will go at the end of the triangle is unsure but it might proof to be a new strong resistance/support level.
Let me know our thoughts/ideas. If you have any comments or questions please let me know!
Cheers!
Potential Long Position for USD/CHF_Trade Plan 2017.08.04
Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level
D1 shows the overall trend is still down with price holding above below MA200.
However, for the last 1-2 weeks, price shows a great rejection from the bottom and bouncing up higher.
Currently in H4 and H1, price is hold slightly above major daily support area around 0.96493 - 0.96827 and above MA200.
Price seems consolidating between 0.96298 - 0.97219 for the last 1 week.
Trade Plan:
If price pull back to the confluences of support area around 0.96298 - 0.96430 (Price Structure, MA200, Fibo Ret 38.2%) and rejected up, long the market.
With Stop Loss 30 pips and Target Profit 60 pips, the potential trade offers 2.00 Reward-to-Risk Ratio.
$lrcx ready to resume uptrend!-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence
-lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x
-higher time is in uptrend- pulling back and in area of support
NASDAQ 100 consolidating along with FacebookNASDAQ 100: Having surged right up to FB results both are temporarily spent and consolidating recent gains. FB is still vulnerable whilst below 151.55, which means this index is likely to experience more sideways movement too in near term, but it's still positive whilst above 5573
USD Consolidation on the 1 hour ChartUSDCAD Consolidating between 1.34000 and 1.30000. Look for a break and close above or below these areas!
XAUUSD Gold consolidating below major trend-line resistanceGold is consolidating below major trend-line resistance, stemming from the all time highs back in 2011. The yellow metal is well supported above a rising channel from December 2015. This gives us a terminal wedge pattern, which must eventually break, but is still relatively wide. We are waiting for a daily close above zone/trend-line resistance confluence at 1350, to signal a bullish breakout. A close below channel support/August lows/psychological 1300, would invalidate and suggest a top.
Butterfly completion as targetWell established downtrend is now consolidating.
I'm going to wait for a possible support trendline breaking to get involved short.
As target I'ill pick bullish butterfly completion point (confluence with a significant static support level)
USDJPY: CALL ME CRAZY but despite structure I'm looking longThe USDJPY has traded back into previous structure & is currently consolidating at the resistance level. To most traders this opportunity would have SHORT written all over it but I’m actually looking in the other direction.
For those of you who I work with on a regular basis you know how I feel about the personality of the USDJPY and how it moves and looking on the daily chart we’re currently coming out of one of those pullbacks looking to retest previous structure highs in my opinion.
The fact that we’ve come into resistance on the LTF is concerning for a buyer but I think it’s more concerning that the market hasn’t been able to move off of that level and as instead consolidated right at it. This tells me that the sellers aren’t too strong and this could be an area where the buyers are simply looking to grab some relief and involve themselves once again if the sellers can’t move this market down.
In order to trade this I’ll be looking for potential opportunities down on the 15 minute chart during today’s Live Room session. I see a potential gartley setting up already which would do the trick, but any chance I get to buy near those lows, I’ll be looking to take.
On the fundamental side of things we have the BOJ Monetary Statement coming out tonight/tomorrow morning which may play a role for those looking to take extended targets. Syndicate members we talked about this with the GBP in last night’s video and look how that played out. So we’ll see JPY doesn’t some tricky things and is usually comes with devaluing their currency.
Good luck in the markets today traders and as always, do me a favor and hit that like button if you enjoyed this post.
Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos:
www.youtube.com
