Daily consolidation of Sun PharmaSun pharma consolidation on daily chart, can give breakout within a week,
Consolidation
Godrejcp at supportGodrej Consumer has been consolidating near support from the past few sessions.
Sustaining 750 levels, stock can move towards 900to 920 levels.
BTCUSD to $40890 by midnight tonightBased on its current position it wants to break even to consolidate on whatever timeline the intitutional algo is trading on. It should break even to 40890 by midnight tonight. After taht there could be a pretty nasty dip to shake out any traders with stop losses just below the low of the last 25-34 candles. Then there should be a sharp move up as it hits fomo and runs for profit.
by iCantw84it
04/23/2022
How to use Inside bar strategyInside bar strategy is one of my personal favourites, in this section I will detail how and why I trade Inside bars to deliver more profits during a trading week. Now In my personal opinion any non profitable trader should be chomping at the bit to learn this strategy as it has the potential to really aid your trading journey. So lets breakdown what finding an Inside bar means... So above me here is the recent rally from the pair GBP/JPY , I have highlighted a few of the inside bars but if you look close enough you will see more, So an Inside bar on the daily is telling us the day before we had a strong rally this can be called candle (1), so Candle 1 is a rally, Candle 2 is inside the range of candle 1, what this means is that on lower timeframes we have seen consolidation, Price hasnt broken the high of candle 1 or the low of candle 1, so when candle 3 breaks the high of candles 1 and 2, price rallies to our target. So the entry comes after the high of candle 1 and 2 broken, you use a stop loss under the low of candle 2, and you aim for 1:1 risk reward. When is the best time to trade these candles? In strong rallies you will see this set up form alot , the reason for this is because in strong rallies, we often see rally-consolidation-rally. Typically this strategy will win around 70% of its trades and is great for entering rallying or depreciating currencies, I hope you guys can put it to use like I have over the years! any questions please feel free too comment below (This is not trading analysis this is purely to demonstrate how inside bar works and how you can use it in your trading). Enjoy the weekend!
AUDJPY-Buy LimitPulled off a tough buy limit for AUDJPY. It was done during consolidation and not price break. Whew! For FMI (Forex Mastery Institute)
NQ Power Range Report with FIB Ext - 4/22/2022 SessionCME_MINI:NQM2022
- PR High: 13727.50
- PR Low: 13693.00
Evening Stats (As of 12:45 AM)
- Gap: = N/A
- Session Open ATR: 374.61
- Volume: 34k
- Open Int: 230k
- Trend Grade: Neutral
- From ATH: -18.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
S&P500 1H Ichimoku Analysis — Three scenarios to watch forFollowing my analysis of the bullish 4H signal, it is important to look at lower timeframes to analyse the trend.
On the 1H chart, we can see price is currently consolidating. Flat Han-ne lines (Tenkan-Sen/yellow and Kijun-Sen/red) indicate the short and medium-term price isn't making new highs or lows. The same is true with the Kumo cloud. When our Ichimoku lines go flat, we can expect that the price might start retracing and testing support/resistance.
We have three scenarios:
A: Price continues higher
B: Pullback intensifies, we find support, price continues higher
C: Price can't find support, consolidates, then breaks lower
I would look for longs in A/B if we also get our Ichimoku lines angled up again. We have already seen the uptrend starting on the 4H chart, so this analysis of the 1H chart is to confirm our bias. If we get into situation C, then our short term bias is in conflict with our longer-term bias, so we don't trade. It's that easy!
The 4H chart for those interested:
BTC CONSOLIDATION/PAMPi made this chart on the 15th. that top green line is the last call everything else has played out
Redington Darvas boxRedington is consolidating in a range from 140 to 178 from past 8 months.
It is kind of flagpole pattern. Seems very bullish if it sustains above 180. A weekly closing above 175 can be a sign of breakout as well. RSI is becoming stronger.
SJT ideaPrice broke out of long time resistance area, made new highs and consolidated for a few days, From here we can see just another push higher, or a retest of the resistance as support (ideal, better R:R
Huobi Token is in good consolidationHi Friends,
As we can see in Weekly Timeframe chart Huobi Token ( HUOBI:HTUSDT ) is in good consolidation I think it is accumulating. Most of the time such long consolidation will give a breakout towards the upside.
Huobi Token ( HUOBI:HTUSDT ) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. Huobi Token was first launched in January 2018. So it has been some time since it launched. Old crypto projects have high trust.
Remember this is weekly TF trade so you have to HODL Huobi Token for weeks if not months. Also, don't forget to manage your risk as the crypto market is highly volatile in nature. Share your opinion in the comment section.
GOLD - BULLISH MOVE 🚀🚀🚀the XAUUSD price breaks the resistance level ,the old resistance becomes new support ✔
i predict a bullish move 🚀
TARGET: 2003.940 🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
US30 SHORTOANDA:US30USD
bullish pin bar with a long wick indicating a continuation of bearish trend with price
breaking out of consolidation zone. A retest is likely and will continue bearish trend
$BTCUSD ConsolidationBitcoin consolidating in this channel. With regular stocks this usually happens before a next leg up or down. I think some of the bigger crypto plays are looking at the general market for direction. The correction between major indices and these crypto currencies have never been larger.
SHIB flirting with a BreakoutSHIB is looking interesting vs USDT. Price action has been consolidating into a relatively tight range between a flattening Curved Resistance and a Rising Support. Combined with a recent Daily Bullish Divergence and a potential switch of momentum in the indicators, I'm becoming more and more convinced that a sharp breakout is brewing. I'm interested in taking a small position here.
Good Luck.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
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OLN channel breakAfter breaking out of a descending channel, price consolidated sideways and now is attempting to break and retest top of the channel.
📈 Triangle consolidation A symmetrical triangle is forming in PDN. We have made the bottom side of this triangle, and it looks like the price is returning now to the upper side. Around quotes of 0.98 AUD should the upper border of the triangle be touched. After breaking the triangle pattern at this point or later, the bullish trend in Paladin Energy Ltd. should continue.
Buy AIAENGSwing Trade Idea
Buy AIAENG Above 1785
SL: 1680
T1: 1880
T2:1940
There is minor resistance around 1815 level. Safe Traders can go long above 1815 as well.
Risk Reward is not very favourable in this trade.
However, one can take this as a Swing trade based on the levels mentioned on the chart
JSWSTEEL getting ready for next upmove?After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year.
It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50.
RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can add on dips upto 725-730.
This opinion is just based on my personal analysis and not a trading suggestion.
GER30 Sideways for the bullsPotential sideways for the bulls 12430 became a new low for GER30 right now at 14200 consolidated but the bulls won’t give up that easily.
Bollinger bands showed a push up that the bulls has a push up potential to go sideways, anyways big fall and the war still going at ukraine. Now GER30 is now getting the experience but need the bulls to take over.. in order for bulls to break 14500 structure area.. then on the way to recent highs.
Don’t think the big fall will happen for GER30 since the new floor had been made.
Watch reversal happens , trade carefully. If the zone area breaks pass below 14000 area it will melt bad
Also if the recent high breaks then on the way to new highs.
$COIN - Sitting on Demand, Look Out Below$COIN shares a structure similar to many charts I posted earlier, with the key difference being that there are NO supports below.
A bounce here is highly probable, though if we lose the demand zone we'll likely make a trip down to 150 before moving lower.
Traders Beware.
$RBLX - Consolidation atop SupportAfter breaking it's downtrend upon creating new ATLs, $RBLX has bounced aggressively and began to consolidate between two key price levels. ($43 - $53)
We are now currently resting on top of our $43 support level. A bounce from here would allow us to trade this name up to $53 and capture a 25% move, while a break and close below 43 sets us up for a nice short down to 36.
Sideways and almost ready.Price consolidated sideways for a few days, and it wants to break higher to retest previous highs.
