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Consolidation-breakout

Crisil- Long Term BreakoutCrisil is breaking out from a resistance after long long time. Important points to watch out for is spent some time before breaking out & Volume on the breakout candle is impressive. Resistance is being breached after multiple touches which already made it weak. Important Levels:- Entry:- 1910-1950 Sl:- 1790 on closing basis. Target 1- 2030 Target 2- 2140 Happy Trading Cheers. Disclaimer:- I am not SEBI registered. Trade with caution and your own risk. All the levels provided are only for educational purposes.
NSE:CRISILLong
by LearnersParadise
ALGO - Unlikely to go Much Lower. 25% and more Upside potential!ALGO looks to be hitting it's bottom again. We also see a price consolidation occurring. This Bottom Support trend line stretches back to March, and has proven to be a solid trend line. We're also approach the upper trend line from the initial listing on Binance. Seeing a lot of historical correlations all across the market right now and that's a good thing. RSI is over sold MACD just turned bullish. We're below all notable EMA's. Volume has been declining signalling a weakening of downtrend. This combination of signals is bullish. The position being on key resistance with price consolidation containing higher lows on the March trend-line is very bullish. Three possible approaches to entering here: 1. Buy in now and SL below our support. There's enough potential uproom this should fit into most risk/reward strategies. 2. Wait for a breakout from the upper trend line, preferably with a volume increase as the verifying signal. You'll get less profit, but when a breakout happens it carries with it momentum that tends to complete the movement making this less risky. That's not to say it's 100%, nothing is 100%. 3. Wait for a rejection at the upper trend line and potential retest of bottom support. This is the safest approach, but runs the risk of you being to safe and not getting your entry point. You'll be able to see if the retest holds, and if it fails just move on. Additionally you'll likely get a lower price than buying in now, so if you buy in and SL and things go south, your losses will be somewhat controlled. -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
Long
by cryptosince1963
4
Adani TransA good pattern which has made a box and now trying to break out an important resistance. A good strong closing above 300 should give some wings to the stocks. Stock is consolidating near its highs and important level which makes it more attractive. Important Levels to watch out for:- Entry:- Closing Near/Above 300 Sl:- 280 Target1- 318 Target 2-334 Cheers and Happy Trading. Some links are shared too as i have already posted them but yet to do some noise. So take a look at them also. Disclaimer:- I am not SEBI registered. All the levels provided are just for educational purpose. Trade with Caution and with your Own risk .
NSE:ADANIENSOLLong
by LearnersParadise
EUR/GBP daily consolidation for next impulse to 0.91500Hello Fellow Trader! Daily consolidation onto 61.8% Fibonacci is signaling a possible base for EUR/GBP to commence its secondary bullish impulse. EUR/GBP failure to hold the 50 EMA on the 1-hour time frame may force a bearish push down to key round number 0.9000. At this level it is crucial to look for bullish candle reversals. Key Points: - Daily – support at 61.8% of impulse range (September low to September high) - Daily – Touches lower Bollinger band - Daily – Above 200 EMA - 1 Hour – Reclaim 50 EMA but must hold - Caution – Below 200 EMA - RSI crossing mid-point - IF: Fails to hold above 50 EMA and bearish momentum continues, expect support at 0.9000 Key Levels: Support – 50 EMA, 0.90450, 0.9000 Resistance – 200 EMA, 0.91000, 0.91200 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 0.90450 Supporting Entry – 0.90550 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 0.90273 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 0.90450 – Target 1 0.91000 = 2.5x Reward to Risk Optimal Entry 0.90450 – Target 2 0.91200 = 3.5x Reward to Risk Supporting Entry 0.90550 – Target 1 0.91000 = 1.5x Reward to Risk Supporting Entry 0.90550 – Target 2 0.91200 = 2.3x Reward to Risk
Long
by tradetheday
2
ASTBTC breakout! 🦐ASTBTC had a breakout after triple consolidation. We are waiting for a pullback and According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ALong
by InkyGrip
8
Will it succeed this time?One of the longest ranges at the moment is at EURCHF. We have already had the opportunity to look for returns from both levels several times. With each subsequent movement, however, the probability of a breakthrough increases! Now it seems much more likely to see a break up after the price has already come out once, but has returned sharply. We also have a higher bottom, which is the first sign of upward movement. To be confirmed, however, we must see a breakthrough in the range and the previous peak! You can look for riskier entrances with a good ratio at the moment or wait for confirmation of a situation after a breakthrough. In any case, this is one of the interesting opportunities that we will look for. Support us with likes and comments!
by ForexTrendline
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.
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Long
by TaherJalili