High probability of trend reversal in Beyond ProtocolHello Friends,
As we can see in the chart Beyond Protocol is in good consolidation. If the overall market turns bullish then there is a high probability that BEYOND will give a breakout. Recently Huobi exchange listed BEYOND with the ticker BP .
Do share your opinion in the comment section.
Consolidation
QQQ Selloff or Rally? Learn how to Read Charts, Remove Bias.I discuss five indications that traders need caution on QQQ (and market generally) instead of expecting an immediate directional move.
This video demonstrates how to use chart analysis to form context for placing trades. By understanding the daily chart, traders can then look for good trade entries on smaller timeframes. I also created this video to counter all the directional predictions on Twitter. When developing a trade idea, consider how long it may take for the price move to happen.
While channel lines and RSI may seem basic, these are some essential indicators that tell a story of what is happening. Successful traders may find this dry or unhelpful. I have recorded this for newer traders, and really for anyone who still needs to master chart analysis. If you are still copying trades without seeing your own confident setups, then watch this video.
Crude oil making another push against resistanceUSO (largest crude oil ETF) has been in a wide trading range for the past 2 months between 71 and 79.
It's failed at all previous breakout attempts, but the more it tries and the longer this range carries on, the more likely the breakout becomes. No trade yet, but we're watching this zone to see if we can finally get some price expansion and volume on a move over 79.
BTCUSDT - ConsolidationHello guys!
Finally, we continue downwards, it's high time to do another analysis.
I am preparing for two scenarios:
1) The price will accelerate and break through our marked demand zones like nothing and this will create a very strong resistance for the future at a higher TF.
2) The price will slow down and a potential consolidation on the D TF will begin - I am currently preparing for this option.
BTCUSDT, here as you can see I have marked the supply and demand zones that I would like to trade if we get into them, we are currently set for a potential consolidation at D TF, so I am waiting for the marked demand zones to be reached and then a subsequent purchase. Always be careful, shorts are much stronger than buys.
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
CHF/JPY (Consolidation Broke)Long Call! OANDA:CHFJPY
Hello Traders!
CHF/JPY has been sideways for some days, and now it has broken it from the upper side!
RISK REWARD:
Close half of the lot with RR=1:1, move SL to breakeven, and then wait for the remaining lot to hit target 2!
Best of Luck!
Your feedback would be appreciated!
Finolex cables keep on radarFINCABLES had given a very strong volume breakout from Inverted head and shoulders on 29th July. It had confluence with 200 DEMA breakout. It has been consolidating since 29th July in a tight range.
Once the stock breaks 445, it will move quickly to 475 levels.
Risk reward ratio at CMP is very attractive
Strong uptrend potential Watch USDJPY this morning as we interact with the uptrend line. We had similar consolidation on 17th/18th that did break to the upside but we're looking slightly extended on this drive higher now so I'm looking for a text book entry, not trying anything crazy here on Monday morning.
ADAUSDT - ConsolidationHello traders,
as with BTC, I see a very similar analysis for other cryptocurrencies such as ADAUSDT, I will expect a selling reaction from sell zones at H1 (orange zone), but as I expect a possible consolidation, I will also look for buying opportunities in buy zones. In the event that the price moves above the sell zones, I will start looking for opportunities to buy into the potential consolidation of the daily TF
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
BTCUSDT - ConsolidationHello traders,
the price is in the demand zone of the daily TF and therefore BTC is slowing down, however now I expect a consolidation of the H1 TF. This is the reason why I will now focus on selling in sell zones and buying in buy zones. There is no reason to complicate the analyses, make them as simple as possible and they will work for you :)
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
1INCH - Pullback before the RallyWe have seen relatively strong growth across multiple coins. The short-term consolidation phase might be about to begin. In this case, we'll see a 10-15% pullback across the board. In regards to 1INCH, price should test the key demand area. Then, another wave up is expected.
ARKK taking a breather after a 50% rally off its lowsThat high volume outside reversal session on Thursday 8/11/22 has kept control over ARKK over the past few sessions. The intermediate uptrend from June is still in tact, but near-term we're in pullback mode waiting to see if dip buyers arrive in the upper 40s to save this uptrend.
ARKK is a great proxy for growth and risk appetite in long-duration tech.
Hindustan Petroleum Corporation Limited (HPCL) Hindustan Petrol Corporation Limited (HPCL) looking great as per its structure.
Base formation similar to Inverse Head & Shoulder.
Also its major support from where it made a new high is likely to act as a major area of support.( Left hand side marked with blue arrow on charts)
Will hold it till the levels of 300 if the trade goes in our favor.
Stop loss below the previous swing low 233.50 maintaining strictly.
Disclaimer: So many negative news out there for the oil & gas sector. Also the results of these companies has not been great at all. However, I personally do not follow news and results matters only if you are to invest for longer horizons. My analysis is solely based on price action and I have every right to be wrong. If my view turns to be wrong then I have no issues in taking the stop loss. Therefore, do your own analysis and have your own view with proper risk management.
Triangle Pattern Breakout in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up!
> The 50-DMA should be broken with the good volumes is the only concern!
>The 4 Supports Levels are significant because they respected the same levels of (335-354) every time.
>There is also the formation of High-Tension Lines which is a good sign.
>The Stop-Loss is the best part of this set-up(>5%)
Let's Watch with patience!!!
Where is the trap on $BNB chart for bullish continuation?After 3 months, #BNB is fighting again the crucial resistance at $330.
An attempt to break this resistance now will not succeed.
Why?
Cause there is a very strong resistance around $380.
We need a period of consolidation for a few days or weeks below this level before a breakout attempt takes place.
EUR/USD still MANIPULATING traders!There seems to be no end to this sideways trend that EUR/USD has been forming for the last couple weeks.
You could argue that some sort of SUPLY formed on the h1 and m30 timeframes, since plenty of volume came in to the market (news related), but still... the price failed to break significant structure and provide us with a new low...
there fore, seeking sells in these market conditions is a bit risky for my taste. I'm staying away until we get a CLEAN break of this consodliation!
*MANAGE YOUR RISK, TRADE SAFE!*
Best regards, T.
GBPJPY - ConsolidationHello traders,
As you may have noticed, I haven't posted anything about GBPJPY for a long time as it is in a major consolidation. It may take a very long time but hopefully within a couple of weeks the price will decide to go somewhere, for now I'm trying to watch the SELL ZONE and BUY ZONE and in case of a touch I'm looking for a rebound opportunity on the lower TF.
If the price goes below the BUY ZONE, I will then look for opportunities to sell, and if above the SELL ZONE, I will look for opportunities to buy in continuation up.
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
USDCHF | In consolidation phase, good time for BUY position
USDCHF have been in consolidation phase after breaking the descending channel and being now on the support level gives the opportunity to open BUY position targeting the resistance level.
Share your opinion in the comments and support the idea with like.
MichfX | EURUSD in the trading zone for short positions
EURUSD over trend has been bearish for a while. It has bee lately in the consolidation phase and has reached my trading zone where i have been planning to open partially short positions. I will be also looking into peneration and retest of zone 1.01280 before opening more short positions.
Share your opinion in the comments and support the idea with like.
BIG Money Accumulating SHOP shares? Wyckoff Accumulation FormingOpposite the Wyckoff Distribution is the Wyckoff Accumulation. This is a sign of buying from big money. It shares many elements of the distribution and is broken into 5 phases. I will briefly outline them below...
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Wyckoff Accum Phases
Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. We should see volume taper and spreads widen (price-volume divergence). Big money will scoop up shares to create the AR on increased volume. A trading range is created using SC and AR.
Phase B: Is the actual accumulation phase. Prices are low and easy to grab. Expect the price to ping pong within the trading range as big money optimizes their average. Expect many stop hunts and false breakouts to free up shares.
Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “big money” operators to ascertain whether the stock is ready to be marked up. The shakeout is the optimal entry point but it does not always occur.
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions.
Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone.
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I believe the following points are in line with the phases above:
Decreasing volume and a widening spread before the start of the range. It is then followed by buying on increased volume. We have already seen Phase A.
Phase B is the accumulation. Note the increases in volume on the up moves but decreases in volume on the down moves. I think Phase B is mostly over if it has not been completed already.
Phase C will often have a shakeout. SHOP reported earnings and dumped to the lower end of the trading range. Although it did not break the range, I think this was the anticipated shakeout. We have since climbed higher on average volume and have now broken the upper range.
It is reasonable to assume we are in or transitioning to phase D. It is important that we see some form of consolidation to confirm the upward move. If we do not, we could see more tests of supply and moves back into the trading range. We are currently above the 50 Dynamic Moving Average but below the 100 EMA. This shows that the medium-term trend is flipping bullish but the longer-term trend is still down. The vol osc is also showing increases in volume supporting the move upward. Higher time frames also indicate that this trading range formed at previous support.
Overall, I think the stars are aligning to take this stock higher. Eager to hear your thoughts.