IPHI : COIL4-WK CONSOLIDATION BREAKING OUT OF PATTERN RESISTANCE. 38% PRICE RETRACEMENT ON PROFIT TAKING. OBSERVE VOLUME ACCELERATION FOR TRADE ENTRY CONFIRMATION.
Consolidation-breakout
DXCM : COIL6 WK CONSOLIDATION ON THE BACK +124% PRICE RALLY FROM MARCH BOTTOM. +980% EARNINGS GROWTH ON THE PREVIOUS QUARTER, +44% REVENUE GROWTH, AND POSITIVE EARNINGS REVISION.
TEAM : COIL6-week consolidation pattern with price finding support on 38.2% Fib retracement.
Revenue growth >30% YoY
Gross profit margin >80%
Positive Cash Flow
Impulse move UCafter the consolidation it's bound to continue the trend as the impulse move . Trend = Downtrend.
GJ Is In A Stalemate!!GJ has been consolidating every since the market has been open. I'm predicting a Consolidation Breakout towards 142.00 if breakout, retest, then close occur above consolidation zone. I've marked my entry at 141.785. If price fails to break out of the Resistance Zone, I predict a retracement back to the 61% Fibonacci. Which would be the start of a bigger Pullback.
Support my analysis with a THUMBS UP!
Comment your Trade Ideas on GBP/JPY Below..
Price Finally BreaksWe discussed this market in the weekly trade ideas last week and how price was strangled within a tight range and box pattern.
Price has finally broken out of this consolidation and exploded higher.
The breakout traders who made this trade would not be sitting on handy profits whilst others could be looking for a second chance entry.
If price rotates lower back into the old resistance it could look to act as a new price flip support level for long trades.
Strong Push Higher Through ResistancePrice has finally snapped higher out of the consolidation box pattern it had been stuck in over the three weeks.
The last time price tried to breakout it quickly reversed and created a false break.
The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support.
This could also be a solid level to watch for any bullish price action clues to get long.
Thanks for your like and support.
Kotak Bank =- Breaking out.Kotak Bank.
Breaking out.
Long consolidation.
Broke out of box.
First possible target 1550 range as marked by line.
Stochastic and RSi are as per rules.
ATR is still low.
Also closed just above last 100 day price range.
May explode this week.
OmiseGo BitcoinBINANCE:OMGBTC
Starting to pop out of tight side ways consolidation, watching and looking to turn up and test previous highs - needs to get past 0.0005000 first
Long set up buy above 243The stock gave some serious moves in a month
242 is acting as strong resistance
The stock soon going to show moves in couple of sessions
Stop loss 230 on closing basis
DOW JONES consolidate for a break 🦐After the last leg up DOW has been consolidating ina range between 2 structure.
At the break and close above the upper structure we can set a nice long order according with Plancton's Strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
ETFMJ- Cannabis ETF- Capture the gain (Industry)Cannabis industry, after a wild run-up and capitulation in 2018, has been trading under its intrinsic value for a while.
For investors who want the exposure to the industry without taking on the excessive amount of risk associated with individual cannabis stocks, ETFMG Alternative Harvest ETF is the way to go.
Go long now in the trading range or go long in the demand zone if the consolidation break-down happens.
EURGBP to rise?On this pair, we've finally broken to the downside after hours of consolidation. Presently we'd be looking for potential opportunities around our ellipse to drive price up. Monitoring price action around our Fibonacci retracements for confirmation.
ASHOKBUILDCON Support at 70 levelsAshokbuildcon has breached recent consolidation resistance of 70. if it sustains above 70 on daily basis, New support will come 70 levels. If possible, 66 levels could be a bargain buy, but quite difficult to reach. 70 could be a better entry. 90 looks target.
XAUUSD Technical Analysis, Scenario 1 and Scenario 2DISCLAIMER : Take at your own risk . Past results does not reflect future results. Please use PROPER MONEY MANAGEMENT. IF IN DOUBT, GET OUT.
OANDA:XAUUSD
Analysis:
Daily TF: Daily Trend is an UPTREND and is above 50 MA. Previous Day Candle is Spinning Top, Market is in tug of war, no clear indication of where it will go. Daily Fib indicates that it hit and area where BULLS would potentially push the market up. Price Action hit "Daily Support 1" which was tested Aug/23/2011 and Sep/06/2011 where in both occasions the BEARS pushed the market down. There was previous consolidation from Jul/08/2020 to Jul/17/2020 in the range of 1787.60 to 1814.80 in which the BULLS pushed the market up after Jul/17/2020. This area is now a Price Reversal Zone which means that if BEARS take the price to this levels, potentially BULLS will resist and push the market up.
4H TF: 4H Trend is starting to look like a DOWNTREND and is below 50 MA. 4H Fib is showing that it hit an area where Bears would potentially push the market down further. However, there is potential Divergence in this 4H TF as the slow line (MACD LINE) is curving and histogram is showing a slowed momentum from BEARS.
1H TF: 1H Trend is a DOWNTREND, is below 50 MA and approaching the 50 MA curve. 1H TF has a Bullish Pennant Flag with a Flat Top. This indicates that BULLS are pushing the market up to a certain extent before the BEARS take over with lower volume.
Breakout Strategy:
Scenario 1: BULLS push market up,
Buy Stop: Entry: 1950.50, SL: 1929.20, TP3: 12035.90, TP2: 1979.90, TP1: 1959.00
Scenario 2: BEARS push market down,
Sell Stop: Entry: 1906.00, SL: 1934.50, TP3: 1807.00, TP2: 1845.70, TP1: 1884.00
These values are from my own analysis. You can move SL around to what you are comfortable with. Use proper Money Management. Beginners to note XAUUSD is per tick not per pip, so 1 tick is 0.01 for lot size 0.01. If you don't have proper management, don't take this trade. IF YOU IN DOUBT, GET OUT.
GBPJPY Mythical Rising Bullish Flag Patternwww.marketoracle.co.uk
images.app.goo.gl
Above are links to an experienced Trader seeing these patterns during strong trend moves repeatedly over time. Although this is a pattern we don't usually learn about I find this pattern to be falling along with my technical analysis and trend analysis. Pretty cool to see a pattern that is accurate and not usually taught. Just waiting for that breakout!
LONG IOST USDT SETUP 85% UPSIDE1. CRAZY WICKS IN TO SUPPORT
2. BOUNCE OF SUPPORT
3. BREAKOUT OF TRENDLINE FROM TRIANGLE
4. VOLUME STILL HIGH
THERE IS STILL NO ENTRY BUT WHAT ID LIKE TO SEE IS A CLOSE ABOVE $0.006 AND THEN RETEST.
WE THEN ENTER ON THE RETEST.
CHECK OUT THE PREVIOUS FEW TRADES.
DONT BE SHY AND COMMENT YOUR SETUPS.
IF YOU MADE MONEY FROM THESE SETUPS.SHARE IN THE COMMENTS,
SPX500 REVERSAL???Potential double top could be forming on the daily hinting at a new downtrend coming soon.
NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines.
I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames.
A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box.
Comments welcome! Happy Trading!!
Possible Milk and Honey with Covid INOOther Covid players are occupying the spotlight...
However, INO chart analysis looks promising! Including:
1) Double bottom has occurred, as indicated by the bubbles
2) Stock price did not give up 23June2020 gains
3) Stochastic indicator shows an uptrend
4) Consolidation volume in play; pay-tience pays here
5) Nice wedge formation, looking for possible breakout
Solid green line shows $19.35 is solid support, it's retested here several times.
The strategy:
Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend
Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move
Target Sell #1 - 27.00 31.38% winner!
Target Sell #2 - $31.70 54.25% Winner!
!!BEWARE THOUGH, IF $MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
The potential for CARS.ComWe are looking for entry at retest $8.25 (limit buy)
1) This condition would be met if Stochastic is trending back upwards (buying the pullback on an uptrend)
2) Good bull volume, after consolidation; something compelling to make the move
Stop Loss $7.66
Target Sell price TIER 1 - $11.12 34% winner!
Target Sell price TIER 2 - $13.49 63.5% Winner!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
