Consolidation-breakout
Green energy portfolio: where it all startedAfter 9 yeas of consolidation $ICLN built a trading range with a series of higher lows and has recently broken out on monstrous volume. Institutional investment is written all over it. This ETF serves as my bias for starting a stock portfolio based on environmental sustainability. The shift to green energy is an undeniable trend that I'll eagerly follow, along with smart money flowing into it.
Two scenarios: parabolic (green line) and slow (blue line).
Price target based on P&F count: 28-30$. Most likely much higher.
LONG - BQX - Trading OpportunityLooking like this consolidation retest is about to burst.
Entry: 0.00000510
TP 1: 0.00000548
TP 2: 0.00000592
TP 3: 0.00000646
SL: 0.00000484
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BTTBTC: Market in Accumulation phase BTTBTC: Market in Accumulation phase.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
LONG - NULS - Trading OpportunityConsolidation right before a breakout of this diagonal resistance.
Entry: 0.00003622
Target 2: 0.00003918
Target 2: 0.00004195
Target 3: 0.000044563
SL: 0.00003422
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Awaiting Consolidation Breakout in SESea Limited (SE) is one I already own from near $38.
While I already own this one, it is nice to see it still pop up on my strong stock scans. It is performing well, and another pop above $47.52 could set up a short opportunity for a run into the $50. It blows through that, I will utilize a trailing stop loss with the next target near $53.
Already long. May add IF the price breaks above the current consolidation.
Consolidation | GBPAUDRecap from last week...
- If you look at Daily , candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet
- Its likely to Consolidate before breaking to continue to upside or break downward
- One thing about GBPAUD and GBPNZD , when in consolidation, it likes to fake a break-out so be watchful
- Its not advised to trade in consolidation unless you know what your overall analysis is, thus you can take short profits
- Will be updating once the market opens
Disclaimer: ***This is not a signal, just an Analysis to share my view on the market.If this if helpful to you, please comment***
{SWC}--IFCAMSC--Breakout from short term consolidation!Thank you for your continued support :)
Strategy: Consolidation Breakout .
Bias: Bullish. Prominent volume kicked in today and breakout from the triangle consolidation zone at the price of RM0.445. IFCAMSC share price successfully crossing up 5 & 10 EMAs with the surge of price with significant volume. The next resistance could be faced is RM0.480/0.485 zone, which potentially will be hitting the short term downtrend line too.
Once the downtrend line is broken through huge momentum, the next zone should be physiological resistance RM0.500.
R: 0.480, 0.500
S: 0.445, 0.425
If you find this idea helpful, don't hesitate to drop us a like and comment! Happy trading!
Weak Markets Don't Linger At Resistance. Bitcoin Is Not Weak.#Bitcoin continues to hold its higher prices which can be interpreted as BULLISH. All it needs is a catalyst to squeeze to the next major resistance in the 9K area. We continue to hold 1/3 of our original SWING TRADE position which triggered back in December, for its third target in the low 9Ks. The purpose of this evaluation is to share our insight and perspective as it relates to the actionable information derived from the ORDER FLOW of Bitcoin. Evaluating order flow offers practical clues about short term market intent which can be used to gauge general probabilities around specific market scenarios.
1. IF price decisively breaks 8325, and follows through beyond 8500, the low to mid 9Ks are likely to follow relatively quickly (short squeezes like this often unfold in a matter of hours thanks to short margin liquidations and new buyers).
2. As long as price can stay above the 7600 area, the minor consolidation breakout has a greater chance of occurring. A close below this higher low support can take price back to the 7K minor support zone. This is all about "IF" not WHEN.
3. There is a major resistance around the 9500 to 10,200 area. This zone is the HIGHEST risk, lowest probability location to take on new swing trade longs (but a great place to take profits). Usually AFTER the move takes place, people ask, "Is NOW a good time to buy?" which my response is, "Where were you at 7250?". There was a week and a half of noise and even cheaper prices following our long entry back in December. Think in probabilities, NOT LOGIC.
4. 7275 to 5464 still represents the HIGH probability location for bullish reversals. This means IF there is any revisit, (especially to the 6550 area), we will view this as another opportunity for swing trades and inventory accumulation. Price may not revisit this area again any time soon.
5. Although short term bullish momentum is now in play, we do not consider this market free of the corrective consolidation that is has been in since the June peak. Lack of follow through is still is still an equal possibility and our profit expectations will be adjusted in this way UNTIL Bitcoin proves otherwise. In other words, we will trade this like a Wave 2, until Wave 3 is in play (which requires a break of 10,300 AT LEAST).
6. The fact that price is lingering near the 8500 resistance area is a typical sign of strength (weak markets do not linger at resistance levels, they sell off). This minor consolidation break out can also prompt an alternate trade signal to go long upon the confirmation of a momentum continuation pattern like an inside bar.
Keep in mind these points represent part of the rationale that our decision making process is based upon. Timing markets over the short term requires knowing what information carries actionable value, and organizing it in a way that allows for a better sense of how ORDER FLOW is LIKELY to BEHAVE next. Order flow refers to price action based information that is either present or forward looking (trend lines, S&R lines, chart patterns, candlesticks, etc.). In isolation, this information carries little to no value and is why so many inexperienced traders dismiss it as "useless" and say things like "outside bars don't work".
Context and perspective come from knowing how these individual elements come together to define a range of REALISTIC outcomes. Overall, charts provide a record of human behavior and when part of a group, this behavior offers pockets of predictability, which can lead to opportunities for those who can identify the risk associated with these pockets.
3010 -3140 ranging level-hourly chart timeframeAs you can see, the price ranges frm 3010 support level(tested twice) and was rejected 3 times near 3140-3150 level, confirming current resistance right at that level...
If price breakout frm 3150, THEN it will further challenge 3190-3200 level...uptrend continues...
If price breaks lower than 3010 critical support level, THEN it shall go back to 2930 previous support level...(this is the previous resistance level which now acts as support)...
so let's see which direction does it go in this new year 2020...
pls kindly leave a comment if you find something interesting...
plan your trade and trade your plan, traders....gud luck and gud trading...
High Growth Stock Setting up NicelyThis is a high growth predicted company for 2020 and setting up nicely after completing a reversal. I'm long here and targeting 12 area as next resistance if it picks up pace here.
How to trade in range/consolidation periodA lot of people asked me what to do in the case when the price is stuck in consolidation.
You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time.
You can use it on all Timeframes and it does not matter if it is Monthly, Weekly, Daily or minute chart.
As you can see here, price very nicely reacts to each of our levels which we have set up once the range has been established. Also, when the price is stuck in consolidation range you do not want to trade it. Avoid it. You will make many mistakes, rather you should focus on a clear bullish/bearish trend.
GTRONIC, Consolidating After a Breakout; A Trend Begets a Trend?Bias: Short term consolidation (pennant), with moving averages (MA) in bullish formation.
Stop-loss: 2.00
// This region is the breakout point of the previous resistance, as well as whole number psychology effect.
1st target: 2.27
// Previous high as minor resistance.
2nd target: 2.46
// Projected target from fibonacci extension as well as major resistance region.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
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GBPJPY Weekly 61.8From the weekly chart GBPJPY is still in a small consolidation range on the 61.8 level of the weekly chart. Price will need to break below the current range and then the best entry would be on the retest. There was a noticeable rejection candle on the higher time frame.
This is one to watch with a big potential to the downside.
LONG - PIVX - Trading OpportunityPIVX/BTC consolidating below the daily 99MA, the volume also settled so this double bottom looks like its ready to break upwards.
Entry: 0.00002518
Target 1: 0.00003194
Target 2: 0.00003497
Target 3: 0.00004002
SL: 0.00002660
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
EURJPY AB=CD at point C.AB=CD pattern is being painted by Price.
Weekly trend is bearish
Daily shows a strong bullish movemen which has retested the consolidation zone.
The price has not made it to the larger 61.8 level, finding a position in between.
From the one hour time frame there is a clean AB=CD retesting the previous structure. The trendline has been broken. There is also a Star formation (key reversal pattern)
I have not seen any divergence.
However a reward of 113 pips is possible.
Entry below the bearish candle stick would risk 8 pips if stop loss is placed around the structure level, or 40pips if at 61.8 level.
(1:2.8 & 1:7) depending if you are conservative or willing to take a tighter entry.