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Consolidationzone

Bank Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Picture is worth a thousand Words as from the chart Bank Nifty is moving between 751 points from 11th May and if traded with patience and with proper trade setups one can make profits. This will be my Trade Setup for Tomorrow: From price action we can see price is moving in Horizontal Channel and Today it made lows and took support near same zone which is previously tested as long as price don't don't this zone we have to trade within this range of 770 points. Setup will be 1.) If it opens flat nearby support is 43633 if it sustains this support on 15 mins then will look for CE Buy for nearby resistance which is placed at 43756 and then 43830. 2.) If gap down will look for price to take support at same support zone where it took support today or it's same as Today's low. and will take CE Trade from that level. 3.) If opens gap up then i will look at resistance which is 43756 and 43830 then i will look for PE Trades for nearby support zone or CPR levels. Views are on long trade if it respects this channel. maybe we can see break above this channel on last monthly Expiry :) Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTYLong
by TradeInsights
2
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound. Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
NSE:INDIGOLong
by Jha_Nidhi
USDJPY, Five Count Diagonal, 1hrGood afternoon, I hope everybody had a wonderful week and trading week. This week my bias has changed up a bit on the direction of where the market is going. Currently, I am leaning toward the market being in a diagonal consolidation in five wave count. Once the diagonal five wave count is complete, UJ will continue to be a dominantly bullish market. Focusing on current events, I am currently looking for a retracement back into the price zone of 132.900 area. Once or if price takes this drop, I am looking for price to shoot back up to complete wave 4 and hit price point 134.541. If you have any questions, comments, concern, or agree with my analysis, Please like, share, or comment.
Long
by NoPumpFakesFx
OCEANUSDT wants the Next Weekly structure?OCEANUSDT recently went through an accumulation phase, which took place between the price levels of 0.2982 and 0.1163. After a period of consolidation, the price eventually broke out of this accumulation range and experienced a significant distribution phase. Currently, the price of OCEANUSDT is testing the weekly support level at around $0.41. This level is a key area of support and resistance and has the potential to signal a shift in market sentiment. It is important to keep a close eye on how the price reacts to this level, as a break below it could indicate further downside movement. Looking ahead, the market will need to create a new breakout above the $0.5 area for any long continuation to occur. If this happens, we can apply Plancton's Rules, a set of guidelines for identifying potential market movements, to help guide our decision-making and potentially open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
O
by InkyGrip
8
GBPUSD | Perspective for the new week | Follow-upDespite a choppy situation for the GBPUSD where price action was caught with a range at 1.22500 and 1.21000, the Pound Sterling rose by 0.1% to close the week at 1.22250, and this is likely as a result of the data released earlier on Friday. At this point, I am of the opinion that the data from the macroeconomic events (Claimant Count Change & ILO Unemployment Rate) coming up in the week will have a significant impact on price movement. In this video, we reviewed the charts from a technical standpoint and decided to use the channel (1.22500 and 1.21000) as a yardstick for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
4
INDIGO - Bullish Consolidation with VolumesNSE: INDIGO is closing with a strong bullish consolidation candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:INDIGOLong
by BrahmaBull31
1
USDJPY | Perspective for the new week | follow-up detailsThe intervention of the Bank of Japan three weeks ago appears to linger on in this market as the U.S. economy continued to add jobs at a solid rate in September. As the price continues to trade between a specific zone (145 and 144 area) in the last three weeks, we can only wait for a signal to have a trading opportunity on this pair. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
BTC in a 4-Hour Squeeze Just Above Make-or-Break Support Levels Primary Chart: BTC's Key Fibonacci and Measured Move Levels along with Key Demand Zone BTC continues to trade just above make-or-break levels as it has for much of this week. It continues to chop up and down, similar to the way equity indices have the past few days. Chop essentially entails price action within a range without any directional follow through. Traders tend to get chopped up because the price action starts to move in both up and down, but each time, follow-through does not happen. The squeeze is a Bollinger Band phenomenon where the bands compress to a narrower range. In other words the standard deviation decreases dramatically, reflecting reduced volatility. Both the 2-hour and 4-hour charts for BTC show that compression typical of a standard-compression squeeze. Because compressed volatility tends to correlate with a subsequent increase in volatility, squeezes help signal when significant directional move may occur. Supplementary Chart A shows the Bollinger Bands squeeze on the 4-hour chart. Supplementary Chart B shows the levels containing this weeks consolidation, where a breakout will signal the start of the directional move implied by the squeeze. Supplementary Chart A: Bollinger Bands Squeeze on 4-Hour Chart BTC's Immediate Resistance Levels at $20,503 to $21,403 On the Primary Chart, note the two major resistance levels above price, which are the green and golden lines. These are Fibonacci-based retracements of the entire rally from June 2022 lows to mid-August 2022 highs. The .618 retracement is the closest resistance level that must be reclaimed before price can resume its corrective rally higher. This .618 retracement is at $20,503. Above that, and the target is $21,403, the .50 retracement, which also coincides with the August 20-26, 2022, consolidation period. Note this 21,400 level also aligns with key lows and highs from both June and July 2022—these price resistance levels are shown on the Primary Chart by the two white parallel lines adjacent to the green .50 retracement line. The .618 retracement level at $20,503 also aligns with the top of this week's consolidation range. See the Supplementary Chart A below, showing the consolidation range from this week by parallel white lines. BTC's Immediate Support Levels Are Close Below at $19,134, $19,233 and $19,555-19,560 The base of this week's current consolidation (see Supplementary Chart B below) serves as the most immediate support level for BTC. While the upper edge of this range marks the most immediate resistance, which coincides with the .618 retracement (the gold line on the Primary Chart), the lower edge of the consolidation is approximately $19,555 to $19,560 as shown in the supplementary chart below. Any breakout from this current consolidation range will help dictate the course of BTC's price action the next couple weeks. A decisive break to the upside is a possibility, especially where traders and investors have been leaning quite bearish, a factor that can often provide some support, ironically, to price—because selling can dry up when everyone that is bearish has sold or shorted, and when price doesn't move downward, short covering can begin to put upward pressure on price. Support also lies at $19,223, which is the .786 retracement of the entire rally from June 2022 lows to August 2022 highs. This level is associated with another Fibonacci level at $19,134, the .618 proportion of the first leg of decline from the August 15, 2022, peak as projected from the start of the second leg of the decline on August 26, 2022. Supplementary Chart B: BTC's Consolidation Range This Week BTC's Measured-Move Zone at $16,238 to $17,443 The measured-move area, which also uses some Fibonacci proportions, shows where BTC could in theory fall assuming the decline continues. This area is a zone between $16,238 and $17,443. This post does not make a prediction about whether the measured-move target will be hit in the near term. Instead, the measured-move levels are identified as merely a possible price path using technical analysis. But before this measured-move target can become a plausible possibility, a downward breakout from this week's consolidation must occur. Furthermore, the .786 retracement at $19,223 must be violated as well as the teal blue rectangle showing the last three-month demand zone (Primary Chart above) before the measured-move target can be considered. CME:BTC1! AMEX:BITO BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KRAKEN:BTCUSD Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. _________________________________________________________________________
BITSTAMP:BTCUSD
by SquishTrade
6
BTC: Daily outlook of the 20k-22k range consolidationPrice has been rejected from the 22500 resistance. To be fair, this is the most significant resistance we have on the chart right now considering that it is both a daily resistance and the 200W MA which has been acting as support in the past and should now act as resistance. The way I see it there are two basic scenarios here: A) Bullish Scenario: The price manages to consolidate between 20500-22500 while printing higher lows. This would appear as a mirrored triangle on the charts and it basically means seller exhaustion. Those formations are usually bullish, thus, once we break 22500 we should see a significant move to the upside. In every breakout to the upside the first important resistance is usually the most significant, therefore, if 22500 break I think we should be looking for a mean reversion rally to the 28k-32k cluster. Don't fade it too early. B) Bearish Scenario Should the price loses 20500 on a daily level (print at least 2 days below 20k) I would expect to see a short consolidation (desperate attempts to reclaim 20k level) followed by a breakdown. In that case any retest of 20k level is a potential sell or opportunity to close any underwater longs that you may have. In that case I don't necessarily think we will go very low. Not that we couldn't but in my opinion there's gonna be interest around the 15.8k - 16.6k area. Maybe even a bounce from previous lows (17.6). So, don't leverage your shorts. If this helped you in any way please give it a like. ty!
COINBASE:BTCUSD
by Athantonios
2
(Episode #556) GBPAUD - Bullish SharkThis is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart. The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right, more than 1000pips of profit potential. Personally, I will be watching this trade closely in the lower timeframe for a trading opportunity. This could be my trade of the year.
Long
by RaynLim
[Potential] XRPUSDT: 3-6 Mth Range PlayBITSTAMP:XRPUSD Technicals: - The two Horizontal Trendlines range in Yellow is a good consolidation area albeit quite a wide range - The other 2 Horizontal Trendlines (0.73 and 0.90) are also consolidation areas (good to either TP at those levels or take some off exposures off the table at those levels) Fundamentals: - The crypto space has taken a drastic hit from big capital wipeouts from major selloffs in various asset classes - There is still plenty of fear going on in the market and this bear market may drag on for some time - For Ripple, there is alot of ongoing legal issues that needs to be resolved with the SEC before we can see XRP moon ----- Expecting XRP to keep ranging in the Yellow area for now; watch for bounces off Trendlines to make good use of the XRP buying demand at key levels. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. ----- *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
BITSTAMP:XRPUSDLong
by weekendanalyst
What would be the best case scenario in the worst case? 💥It is important to remain realistic and avoid any scenario that will surely not come true in the current times. With the different events that the financial world is currently undergoing, it is better to remain very cautious about the Apple share price, even if Apple's financial results are better than those of other companies in the market, analytically we can see a slowdown in the rise of the latter. Everything will be decided in the coming week, if we break the bullish channel , we could reach lower and lower points and maybe enter a bearish trend , but let's be optimistic, we think that Apple's share price, will now consolidate between 179 and 154, to take off again once the events calm down....
NASDAQ:AAPL
by Absconse
1
BTCUSD Flash | What is happening?Price is currently sitting on both a bullish trendline and a strong demand zone that has held price "supported" since February 2022. Are we going to witness a breakdown or trend continuation in the next couple of days? What do you think? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSD
by darcsherry
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.
HLong
by NaveenDsouza
1