MMATIn this video we look at the long term outlook and trend of MMAT. we discuss potential targets and try to translate what the chart is signaling
Consolidation
HOW TO: Differentiate Accumulation vs DistributionHello, in this video I discuss a current active trade on AUD/JPY (see my page) and how I decide whether a consolidation phase is in accumulation for a wave up, or distribution for a wave down...
I believe that the AUD/JPY pair is in a distribution phase and I explain why in the video.
don't usually make videos and I'm sort of congested today so sorry if sound quality isn't subpar...
:)
safe trading and have a good weekend!
Smart Money vs Retail tradersIn this Chart I show you the Universal Trading narrative of the FOREX Market. By simply knowing that the trend signifies the market is reaching for liquidity and to fill imbalances you will always be able to catch a entry or two or three daily on your pair. The market makers make money when the Smart Money pulls their profits creating order blocks aka consolidation. When the market makers accumulate enough buy and sell stop orders they continue the move often with the trend. The Big Trend Moves are always the Smart Money. Trade with them and you will always eat!
Happy Trading Family!
BLNK getting tightPrice has been consolidating and trying to break $26 for quiet a while now, watching for a break for a possible runup towards $30
The pullback hasn't ended, keep an eye on this!Firstly, I want to say I'm sorry because I didn't announce I was going to take a break from posting this week. But I'm back. Bitcoin broke the $46.2k nPoC (check previous Weekly Review post) right after I published my thoughts, and ww rallied until $48k. After that, we started to see a pullback to around $44k, which got bought up.
The main thing I see on this week's price action is that price failed to set a higher high, and, to be even more bearish, it flipped the support level at $47k (0.618 fib, weekly PoC and anchored VWAP) to resistance. But this is not enough. We also see that, on the volume profile, that most of the volume traded is at the top, meaning that a consolidation is what whales are looking for.
My targets stay the same (again, check the last Weekly Review): mainly the FVG sitting at $43k. I do expect some crabbing around these prices at the start of the week, to be honest. Lastly, I want to thank you again for reading my posts. Have a good trading!
How the BTC consolidation will end up❓Looking at the mid-term Bitcoin price action, we can point out the support and resistance levels. The support has been formed at $44,226, which initially was an 88.6% Fibonacci resistance, now acting as the demand level. The resistance was formed at $48,195, where BTC/USDT bounced off the top of the ascending channel.
Considering higher highs and higher lows patterns, the probability favors a continuation of an uptrend. But, .......
BTC-USD BITCOIN DROWNING-CONTINUES CONSOLIDATINGAlthough many other benchmark markets like the DOW, S&P 500 and VIX show promises and good solid corrections. Bitcoin is not doing any of that. It clearly shows me that that Bitcoin is not doing much of anything other than consolidating and struggling to determine direction. The MACD is showing a possible bear reversal which could be short lived. We need more time to see how Bitcoin will perform now that the regular stock market benchmark have corrected. Too soon to tell with Bitcoin.. Give me a thumbs up and subscribe if you like this TA and my TA videos. Show me your support and I will pumping out more videos for educational purposes.
Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
USDCHF CONSOLIDATION BREAKOUTUSDCHF has been bouncing around these two levels (RED) and hitting significant resistance whilst doing so and cannot seem to break past it, we have just closed down past support and we are in run for a bearish move, we have put our TPs according to previous market structure and have aimed for the last swing low
XAU-USD- GOLD HEADING INTO CONSOLIDATIONXAUUSD - GOLD struggles as the general benchmark markets corrected and the VIX volatility index is now low showing much less fear in the markets. Watch this video to find out where gold is heading for the remaining month of April 2022
Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
AUDJPY DOUBLE TOPAUDJPY price has just hit very significant resistance and is showing signs of a perfect double top, price has also closed past the short consolidation period at the top of resistance on the 15m chart so we are all ago for a bear move
AUDUSD CONSOLIDATIONWe can see a small trend line which price has been using to push further bearish in this consolidation period, we entered on this bounce and are aiming for the bottom of this consolidation and beyond incase we get a break
GBPJPY CONSOLIDATION SCALP TRADEWe have been moving between these levels for some time now and GBP has shown us alot of weakness within the past few weeks so this scalp is a very high success rate
GBPJPY CONSOLIDATION BREAKOUTWe can see price has been bouncing between these levels for some time now and we have finally had a close bullish on the 30M chart. We are aiming for around 250-300 pips with a small SL
USDJPY - Consolidation after Uptrend expectedHi Traders!
Here is our analysis:
Price is in Strong Uptrend
Made one Top then came lower
Equal Lows --> First Sign of Bullish Weakness --> Bullish "Shock"
As a reaction --> BBs closing their positions --> Consolidation expected
If Breakout --> Down-Movement until next Support expected
If you have any questions, another Point of View or anything else to share, don't hesitate to comment!
Thanks and successful Trading :-)!
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***Trade at your own risk***
***Not every idea is traded by us***
Consolidation after breakout. Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel.
RSI approaching bullish territory.
Volume is very strong and has been since the retest of triangle pattern .
Will be looking at buying all dips on weakness.
DXY SIDEway MARKETDXY previously created a bullish structure but failed. Now a side way structure is being redesigned and consolidated
USDCAD - Demand ZoneBesides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup.
You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a tight stop, even if it fails you won't be losing a lot.
Always remember, there isn't any hurry in hopping into a trade.
It's always better to miss a trade than to jump in to one you regret.
Would you long EURUSD?Would you long EURUSD? And why?
The Range Bar chart is my personal preference for intra-day trading. It provides the expected volume per bar, and you won't have surprises. The only downside is that you can't check in every 8 bars because you won't know when will the 8bars formed as it is not a timebase chart
NZDCAD - Bullish Gartley, Cypher & Bat The NZDCAD is currently forming a right shoulder of a higher timeframe head & shoulders pattern. This consolidation at the right shoulder has led to a handful of potential bullish pattern formations on the lower timeframe.
The chart in front of you shows a potential bullish gartley (purple), cypher (blue) & bat (yellow).
If you have any questions, comments, or want to share your view on this chart or pair. Please feel free to leave it below as I do go through each and every comment and respond.
Akil
BTC Channel bound through 2022, breakout in 2023BTC is showing strength in this channel. You'll see the bottom of the channel trends from top and bottom level support over the course of previous cycles. This looks like a really good area for BTC to consolidate before it's next run as it's found strength around this level. May have a dip below, but I'd venture to guess the monthly candle won't close below this range.
The MACD tend looks to be curving at the right time near the bottom which can also fall in line with this pattern.
Once we reach the end of the arrow, that's where I'm envisioning a breakout - however, I'll measure the length of that breakout as we get closer if this channel does end up being the trend it follows.
Good luck! This is simply what I'm seeing.
200MA on the 3day held perfectly. Testing 45k again 🐱🏍The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
The 200MA of the 3day was held perfectly. No close below it!
We now are within the bull market support band and did not get rejected so far.
The RSI shows a strong healthy rise.
Trading volume is higher compared to the start of 2022.
We are still above the macro support level of 30k.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA.
We believe that the people that hold through these hard times will get rewarded.
What is needed is patience and endurance .
Bitcoin got additional attention during the Russian invasion in Ukraine.
People could use Bitcoin but have trouble withdrawing their fiat currency.
Donations are also made using cryptos which leads to additional attention.
Ukraine legalized cryptos because of that.
The FED started with rate hikes and takes a closer look to cryptos.
This is a novum and it seems that Bitcoin became to big to ban or ignore.
We expect bullish times ahead can't wait for it.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
BEL CONSOLIDATIONfor uppers side price should sustain above resistance line and for down side price should sustain below supporting line. Currently price is consolidating
GER30 - High & Tight Flag PatternThe high & tight flag pattern is one of my favorite setups to trade & historically is one of the best setups that the market has to offer. This one, in particular, is downgraded due to its location relative to the overall state of the market, but nonetheless, still, something that may be interesting to many of you breakout traders out there.
When it comes to breakouts, there are 3 methods that I teach for how to trade them. 1) Entering a position prior to the breakout in anticipation that it will happen. 2) Entering during the breakout, so while it is happening & 3) Entering after the breakout, meaning once the breakout is confirmed.
All have their pros & their cons which need to be taken into account.
The projected target level for me is the previous shelf of structure support which I would expect to act as a form of resistance. We can also pair that with a 61.8 Fibonacci retracement taken from the larger swing. The larger target projection level comes near the top of the previous consolidation zone at the 78.6 & largest volume spike.
Hope this idea is helpful & as always I encourage you to leave any questions or comments below.
Have a great day! - Akil
