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Consolidation

[Netflix] When will the crash end?#Netflix #NFLX #NASDAQ #Daily - Here’s NFLX Daily chart. It recently has shown a huge drop about 73% from the historical high at $700. - During the fall, it made a consolidation zone (HVP: High Volume Peak) around $330~$400 surrounded by big gaps. - Currently NFLX reached 0.705 retracement level of the impulsive wave which also happens to be the bottom of the blue falling channel. - Also, there are some of major HVPs that were formed at 2017 at current price level and thus I believe this area is a PRZ(Potential Reversal Zone), expecting some technical price actions. - If it falls a bit more, some attractive buy zones are $153~$168 and $82~$97 which are confluent zones of trendlines, Fibonacci retracement levels, stop hunting level of an impulsive wave, and POC (Point of Control) levels of major contractions. - Some resistances that I am considering are $288~$303, $373~$388, and $443~$458. If you are looking for more conservative spot, I would recommend you to wait until it breaks the blue falling channel above and until then, I would maintain my bearish perspective.
NASDAQ:NFLX
by Tommy_Trader
1
John J Murphy: Trends + Channels + Nothing ApocalypticalMARKET CRASH INEVITABLE Oh wait... maybe I meant BUY THE DIP Or maybe we forgot about consolidation? Look, this market is overextended. I think we can all face that as a fact whether we are bulls or bears. $SPY hitting nearly $480? Remarkable given the fact that the $SPY high before COVID-19 epidemic was ~$340 (a 34.15% difference). Now, with the COVID stimulus boiled in, epidemic recovery in place, as well as a war causing many bottlenecks (oil, commodities, and sanctions) and don't forget boiling inflation, it's time for things to cool off. No we aren't looking for a +20% market crash, because we are already -15% below record highs. Is there more to drop? Possibly, Either way, there are support channels we are going to ride for some time while markets and economies alike adjust If you check out this link on John J Murphy: Technical Analysis of the Financial Markets Reach Pages 121-123 and see if those images and paragraphs look a little familiar to our current situation... P.S.: We will bounce off the weekly 200 SMA to the top of the channel
AMEX:SPY
by Langutang
2
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!
Education
by ZenFlo
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.
CME_MINI:NQM2022Short
by mv3trader5
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:
CME_MINI:ES1!
by ichimokucorner