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Consolidation-breakout

Very Simple Chart Patterns Showing Downward Intel MovementThe ongoing trade-war with China is proving unfruitful for most tech assets, especially chip/semiconductor suppliers, including NASDAQ:QCOM and NASDAQ:INTC . Aside from these fundamental negatives, the hourly chart reveals several very simple, basic patterns that provide further confirmation of such bearish sentiment. There are two consolidation-breakout points, both leading to major gaps and spikes in short volume. The death cross, in between, is the cross of the 65-period Exponential Moving Average under the 200, a very strong sell signal. Additionally, the unusually large number of gaps is a sign of volatility and growth-instability. Traders and investors alike are bearish on NASDAQ:INTC due not only to fundamentals but the simple technical indicators and patterns shown on the hourly chart.
NASDAQ:INTCShort
by DoozyTrader
Exxon Mobile (XOM) Trend Analysis: Bearish SentimentI am predicting that Exxon Mobile will have further bearish movement, due to a few sequential chart patterns appearing. First, the death cross. At this point, the 65 period EMA closed below the 200 period moving average, an extremely strong sign of negative movement. The confirmed resulting downtrend resulted in a period of consolidation. When price action leads to consolidation for an extended period of time, it usually leads to a large breakout, highly indicative of the overall price movements for a given period of time. XOM consolidated and broke out downwards, beginning to correct itself. A quick correction with high volume formed a resistance level. If all holds, XOM has more volatility and downtrending in its future before it has a reversal.
NYSE:XOMShort
by DoozyTrader
Consolidation around 8000There is a consolidation between the green and orange lines. Watch out for any breakout or breakdown. Price can move in any direction (sometime two-side shadow or long doji candlestick). Also, we have published an impressive strategy that has a good capability to predict the exit direction of the consolidations, presented in the below link: For example, dump from 6k channel consolidation in November of 2018 Or pump from 3k channel consolidation in March of 2019 Or some other lower time frame consolidations For more information you can join us by telegram. Channel address: t.me For getting access to the strategy you can contact us t.me is a telegram.
BITMEX:BTCUSD.P
by DeltaGroup
EUR/JPY Consolidation Area 1HR Breakout Entry Bearish BiasI have been documenting this pair quite a lot recently because of the heavy downside movement which has created multiple entries for this pair. After a clear breakout of a counter trendline earlier today we can see we are in a consolidation period but the market is presenting its hand to us. Analyising the price action we can see that everytime buyers came back into the market the sellers would take the momentum away quickly with bearish engulfing candles which suggests to me that the sellers are still in control of the market. I would like to see a clear breakout of this consolidation period on the 1HR to the downside confirmed also on the 2HR. I am unsure if there would be a pullback but I would like to see a touch of The EMA and a rejection once we breakout of the consolidation to confirm the direction of the market. Be patient though as on the daily we can see a spinning top being created which could suggest a reversal in the next couple of days.
Short
by FXEntries
Xrp long term curve projectionHi everybody, Drew this long term curve with much more realistic prices than I posted in my previous idea. Have a good look at where we are right now. You can draw a medium curve inside of that bigger one and then determine of where we are going next. I see more sideways action until we closd above 0.70$ on monthly candle. 7-9$ per xrp is very realistic looking at this chart. If we break that with good volume, 100$+ would be on the cards. Look up my previous chart for that. Posting this from my phone as I'm going to be away from trading and charts until August. Have a great weekend! POLONIEX:XRPUSD
POLONIEX:XRPUSDLong
by Patrikas10
Gold Playing it SafeThis commodity is featuring for the first time on our TradingView blogs. Current setup: Gold is currently held in a long period of consolidation but above both the 50 & 200 simple moving averages. Conclusion: We need to wait out this consolidation period and take opportunities once we get a breakout. The pending breakout may be large in size due to the length of the consolidation. The bias at the moment is for a breakout to the upside. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:GOLD
by Sublime_Trading
EURJPY short positionMarket was producing an uptrend, however, market has been failing to break resistance (Wick rejection) There is also visible exhaustion on the bullish momentum and more bears are entering the market Entering into the market can be at turquoise line based on the wick rejection at the bottom Wait for a break and retest of area before entering the market When market moves 30+ pips in, move SL to break even Big opportunities in the market this week Happy Trading!
Short
by AnalysisCEG
"Good profits come to those who wait"My USDJPY trade idea has been in the making for the past 5 trading days, over a week now! Its important though that as a trader you are willing to wait for the right criteria to be met, and to only enter the market on your terms... not the markets. So this is a matter of stalking the market and reaping the rewards later. Ever since the JPY liquidity crash on January 2nd, the rising channel has supported USDJPY, this level has been strongly defended by the bulls, never more so than the past 5 days. I think the reason why is that if this level is broken, then there is considerable downside available to the bears, with little in the way of support. So... Onto the setup. You should able to see the point of interest highlighted as the yellow box, showing us the daily Inside Candle setup. This isn't just any inside candle setup however, as it has now stretched to 4 inside candles inside the mother bar! This level of consolidation simply means the breakout could be even more powerful. Because the Inside Candle Pattern is located on a key market level, it gives it relevance, I wouldn't be interested in trading an inside candle setup in the middle of nowhere with little market relevance. Also it gains further importance due to being formed on the Daily time-frame. All setups and candlestick patterns formed on the daily chart are significantly more reliable than lower time-frames. To add even more confluence to the trade setup, you can see some further resistance that will be broken by the blue trend-line, any candle breaking the inside bar high, will also break this level. Equally any break to the downside breaks the long term trendline from 2nd January, simply meaning we can expect a big move following any breakout. There are two ways to trade this setup. The aggressive approach would be to take your entry long when price breaks the high of the mother bar, or a short when price breaks the low of the mother bar. The conservative approach would be exactly the same but you only enter the trade once the candle has actually closed - this avoids the potential of a false breakout but also means you might miss out on some potential pips. The targets for long trades will be the top of the rising channel. The targets for short trades will be the next Daily Key Level around 109.000
by JoelWarby
1
Gold daily forecast - Weak Rebound May Push Price LowerIn my previous analysis on gold, the price indeed has rebounded off from the demand zone around 1292 and climbed highest to 1297. However, the rebound was too weak and shallow which may cause the price to pull back and retest the low once again. The price has been consolidating upwards, forming a short-term rising channel which seems to be completed soon. If the price can break below the channel, we can look for a short-term sell towards the demand zone below.
FX:XAUUSD
by AlgoVenture