ADP broke out and is picking up volume!* Exceptional earnings
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~12 week well rounded base
* Picking up on volume
Consolidation-breakout
Potential trend-continuation breakout on the horizonGood afternoon all,
By the looks of things, it seems as though the GBP/NZD is setting up for something big. At least, larger than has been recently at play in the pair.
We can see price continuing to trade within its recent parameters of the descending level and the liquidity pool below which is situated at approximately 1.91800.
We expect price to continue trading within these paramaters for a while longer too which gives us all time to prepare for either the bullish or bearish breakout that we ultimately see is on the horizon.
The triggers for both are simple, a full breakout and retest of the descending level (top of price) for a potential long with targets in the region of the 1.93 magnet and beyond OR a full breakout and retest of the lower liquidity pool for shorts down in the region of 1.91500 and beyond.
On the higher timeframes, we can see price is at a major daily decision point, should price go for the bear breakout, the fall could be a lot larger than the climb.
Lets see what happens.
Catch you soon!
ETH/USDT possible breakout soon?Ethereum is consolidating around resistance zone since days. usually this results in a breakout to higher levels .
Also the weekly close of ETH is looking good.
Also a Cup and Handle pattern is visible.
Please let me know what you think about my chart and what i could do better!!!!
CRM POTENTIAL 5 POINT MOVECRM is showing a potential break on the Daily Chart for a short 5 point move to 300.
The 1hr is already showing an entry with initial room to 295 first and if price breaks 295, it has room to 299-300.
Stop loss 289.50.
I like the consolidation back to the 21Ma on the daily chart and the weekly chart isn't bad either.
TRMK offering a Pocket Pivot setup!* Excellent earnings
* Strong up trend with recent choppiness
* Breaking pre-pandemic highs
* In a constructive basing pattern for the past ~8 months
* Was in tight consolidation for the past 3 weeks (2.72% range)
* On the right side of the basing pattern
Trade Idea:
* Now would be a great time to get in since it broke out of a tight 3 week consolidation with higher than average volume and it's also offering a pocket pivot setup.
BRX set to move higher?* Good earnings
* Long term, it's been going sideways but a new up trend has started
* Recently broke a multi year resistance of $21.93 dating back to 2016
* Used multi year broken resistance as support for the past 5 months
* Breaking out of the 5 month consolidation with higher than average volume
* High relative strength in the Real Estate sector
Trade Idea:
* Now's the time to get in since it recently broke resistance and has been testing it as support for the past 4 days.
Cryptoindex.com (CIX100) is in more than 100 days consolidationLooks like Cryptoindex.com 100 (CIX100) is ready for trend reversal. I am expecting 300% return after CIX100 gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient.
CBRE ready to move higher?* Great earnings
* Very strong up trend
* High relative strength in the Real Estate sector
* Breaking out of a roughly 3 month consolidation period forming an ascending triangle with 27.58% higher than average volume
Trade Idea:
* Now's the time to get in as it broke out for the second time and is picking up on volume.
* If you're looking for a small discount, you can look for an entry near the 99.73 area; it should serve as support.
WM showing signs to go higher* Great earnings year over year
* Very strong up trend
* Breaking out of a 6 week consolidation with higher than average volume ... roughly 37% higher
* Broke resistance and retested it as support
* Offering a pocket pivot breakout indicating that institutions are stepping in
* Pays out dividends
Trade Idea:
* Now is the best time to get in as the price is still close to the breakout level and it's showing signs that institutions may be stepping in to buy
* If you're looking for a slight discount you can look for an entry near the 156.60 area
* A break below 156.60 would expose 154.26 as the next possible support.
Note:
* Given it's growth over the years and the fact that it pays out dividends, WM is also a great long term hold for your investment portfolio.
MINA: Consolidation above support at $3.80Good looking chart if you ask me. I’m ultimately waiting for a breakout of the orange trend line to make a play. Keeping an eye on this one in the meantime. Good luck.
MMC breaking out of consolidation!* Great earnings
* Strong up trend
* High relative strength in the Financial sector
* Breaking out of a month long consolidation with higher than average volume
* Pays dividends
Note:
* Earnings are coming up this week. Given it's past performance we can expect it'll have a good report and the price to go higher.
Trade Idea:
* You can enter now as indicated since it's still very close to the broken resistance
* If you're looking for a discount you might find an entry near the 159.40 area
HZNP offering a pocket pivot setup!* Great earnings
* Very strong up trend
* Very high relative strength in the Healthcare industry
* Has been consolidating since breakout
* And now offering a pocket pivot setup.
A pocket pivot setup is when the last day's volume is higher than any of the previous 10 days down volume. This indicates that institutions are stepping in and the price is expected to go higher.
This is a high probability setup.
Trade Idea:
* You can get in as indicated
* Or you can wait for a retest of 111.33 (may be unlikely since it's a pocket pivot setup)
ABR breaking out of consolidation* Good earnings
* Strong up trend
* High relative strength in the Real Estate sector
* Breaking out of a 4 month consolidation with higher than average volume
* Pays dividends generously (high dividends expected from REITs)
Trade Idea:
* You can get in now if you can stomach a little volatility
* Or if you're looking for a discount you can look for buying opportunities near the $19.13 area as that should serve as support.
ACRE offering an early entry?* Good earnings
* Strong up trend
* Recently broke previous all-time-highs of Feb 2020
* Formed a tight consolidation for 7 weeks
* Breaking out of the consolidation with higher than average volume
* High relative strength in the Real Estate sector
Broke Even!Even though my entry was on the 5 minute these markups on the 15min chart. Price broke trend line and consolidation & gave me a partial retest. So i got in on the 5 min right after a doji. It consolidated and went in my direction, created a higher low so i moved my stop to break even and it went straight to break even. Overall it was a good setup.
APP breaking out of IPO base* High relative strength
* Breaking out of IPO base with slightly higher volume than average
* May consolidate and use $90 as support before moving higher.
Consolidation breakout CHZConsolidation breakout, came down to fill the gap up, breakout at 17c, next doors at 26 and 32.
PAYX looking to go higher after finding new support.* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a ~2 month consolidation period with higher than average volume
* Very strong Relative Strength in the Industrial sector
* Recently broke resistance of 117.11 and retested it as support
Trade Idea:
* As always, if you don't mind a little volatility in the short term this is a great time to buy
* If you're looking for a discount, you can look for an entry near the $117.10 area
Note:
* The bullish pin bar from October 13th shows that there's a lot of demand for it around the 117.11 area.
The price moved higher after the 13th increasing in buying volume so this has a less probability of revisiting that area.
HD breaking out!* Exceptional earnings year-over-year
* Very strong up trend
* Breaking out of a 5 month consolidation with slightly more volume than average
* Pays out dividends with a Payout Ratio of 44.10% which means the company has more room for growth and potentially increase dividends as well.
Trade Idea:
* You can enter now as indicated if you don't mind a little volatility
* Given that it only broke out with slightly higher than average volume, this may visit the 339 area before heading higher.
HIG looking to go higher?* Great earnings
* Strong up trend since 2009
* Broke out of a long consolidation period with slightly higher volume than average
Trade Idea:
* If you don't mind a little volatility you can enter now as indicated
* Given the volume and price action, this may visit the 70.80 area before heading up further.
PRFT looking to go higher?* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a month long consolidation with higher than average volume
* Very high relative strength in the tech sector
Patients Is Key!Here on the 15min. A little consolidation, I'm going to wait for clean/strong break and look for an entry on the 5min chart & ride the wave.
CLBK looking to go higher?* Great earnings quarter over quarter
* Relatively new
* Breaking out of IPO base
* General up trend
* Breaking out of a cup and handle forming since April 2021
* High Relative Strength of 1.46 relative to the Financial sector
* Braking out with 56.83% more volume than average
Note:
* This has the potential to go much higher than the indicated target but it's always better to take some profit early on given the market conditions.
