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Consolidation-breakout

EN is going to Infinity and BeyondEN has been in a consolidation box since 2011, (when i started high school) it broke out of that box at the beginning of March and is currently retesting it, we have seen a failed attempt to re-enter the box(4/28 17:00- 4/30 13:00 UTC -4) which acts as a spring based off our wycoff principles. The aforementioned fakeout to the downside acts as the beginning of a potential bullish channel. The fib is currently rejecting the 61.8% zone off of the last bullish impulse. At the very least I would expect in to retest the top of our H4 consolidation. SL may be a little tight and I won't be trading with one.
Long
by nietzschedarko
INTC, bullish and bearish scenario INTC is currently consolidating and is trading in a range on bigger time frames. We do not have clear direction of the trend, and i would not advise to take a trade until we cross the significant level. LONG : i would enter long at 62 level with 1/3 of my position, because we have to be prepared of a fake breakout. ( 80% of all breakouts fail, they usually retest and move higher later). I would wait to retest and bounce back. I would than add at 63, 2/3 and wait what will happen at 64, because there could be a resistance. If we successfuly break it i would add 3/3 of my position and ride it to the upside until i see CLEAR reversal. SHORT : i would short at 56. Volume does not to be big, because on the downside we do not necessarily need it big. i would enter with 1/3 of my position - same reason : fake breakouts. And i would add at every whole number and look closely what will happen at half dollars ( at half dollars we usually create psychological support and resistance levels too ). At 54 we could create strong support level. Watch closely for reversals ( candlesticks, volume ) If we cross it i would add to my position and ride it till i see a clear reversal signal. Stop loss should be always 50 cents if you are risk tolerant, if not you can have a 20 cent stop loss. INTC has a great fundamentals, wall street rates it as a very good tehnical and fundamental company and has a lot of potential in the future. So it is good for investment too. I DO NOT recommend taking any of my trades because of the risk. I AM NOT a financial advisor and i AM NOT a institutional trader. This analysis is purely for entertainment only and it represents an idea what could happen with the stocks future. If you like idea please like and follow. Any kind of support is appreciated.
NASDAQ:INTCLong
by UnknownUnicorn7025460
Trader/Investors must understand this process.......!Kindly comment with " Yes " for agree and "No" for disagree with this post: Before the break-out, I've informed that " Breakout will give truck of Money. ..!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea) Let's talk step by step was happened here. The Width of congestion area was equal to height of the price surged. From my personal experience and the survey/observation I'm talking about this is almost the same area as price congestion in size of width and height after the price break. Let's try to explain in another words: Horizontal width of congestion size = Vertical price move after break-out. (Generally, i noted that price moved away so far after breakout whenever congestion area is much longer.) --> Let's talk little more deeper about CONGESTION area: In the congestion area, accumulation or distribution process process. We will talk about accumulation only because, this was happened here. Accumulation : smart money, money makers, huge fund-management, landlord of global investors whatever you called them they grab/connecting instrument(stocks, currency,etc) from retail investors in very slow motion because, they can smell insider upcoming news. After the completing this accumulation, news clear and price start to go away from the breakout area. later i will try to explain you more deeper about it practically. Yes, obviously we can smell the process accumulation/distribution.
BITSTAMP:BTCUSDEducation
by Jay_shree
159
Simple Long Term Outlook At the moment price is seen to be consolidating within the outlined wedge, following the previous bullish build up. After the huge dump, we saw the price commence this retracement phase in which we still haven't found a proper resistance yet. This brings me to my first point: looking at the daily, the confluent 7900/8000 level seems to be outlining perfectly with our long term fib level of 0.618. Perhaps we should take that into consideration before seeing another potential price dump. I know the halving is around the corner and everybody is excited, but will Bitcoin really act as a hedge investment during these dark times we find ourselves in? Look how it previously played out when the Indexes dropped...simply correlated with their momentum. I'm not saying this is the end of Bitcoin, in fact I strongly believe 100k is achievable in the next few years, but this years halving might take its time to commence another bull run, especially due to the current fundamental circumstances we got going around. It might be a bit too early to confirm anything here, it all depends how we see the price play out, assuming we reach our major resistance level at 7900.
BITMEX:BTCUSD.PShort
by Proszi
Double MA ChannelsSimple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement First Channel: 70, High 70, Low 70, Close Second Channel: 144, High 144, Low 144, Close Momentum: 34 ADX: 14, 20 To use this strategy please refer to link related to previous post. The SMA 144 channel is used to determine the strength of a trend. Kind of like Bollinger Bands, the 144 will move farther or closer to the 70 depending on the strength of the trend. It's goo to tell you if you have incoming consolidation.
Education
by RagingSniper
GBPJPY - Trend Continuation - EASY Trade SetupHi Traders! As you can see the market is in a downtrend. The market made a big bearish trending move. It started around 145.000 and has fallen to the area of 124.000. During this session the market respected the 20MA. After that the retracement move started. The market has risen until the resistance area at 134.000. Now the market is consolidating in a tight range. It is moving around the 20MA. This is a good setup for many traders, because the more "tight" a market moves, the more "explosive" are the Breakouts. That's why we recommend to take the trade during high momentum. BONUS SETUP : There are also chances that the market makes a trend change. If the market is going to do so, it'll have the break the consolidation area to the upside. So, if the market has enough momentum we'll buy the breakout upwards ;)! Thanks and good luck :)!
Short
by swissmoneymakers
CONSOLIDATION BEFORE MINOR BREAKOUT On the daily chart USOIL is coming off of oversold on both RSI and Stochastic. It is on the hourly chart it is as well (circled in red). MACD signal line is being crossed on both the daily and hourly chart also. Volume of selling is decreasing, as shown by the red line. USOIL is in a consolidation, as shown by the two blue lines. Gann Fan shows a representation of where price can go if a breakout from consolidation occurs. Although USOIL seems to be due for a slight breakout from its oversold condition, I am still bearish overall as the underlying fundamentals remain negative.
TVC:USOILLong
by PerryWave
2 Possible Outcomes for NowAt the moment we are in a downtrend on short term time frames. We can see the price is currently consolidating within the wedge formation and it looks like there will be a breakout soon. You can view it more clearly on the 15min time frame, but if you take a look at the 1H as well, you can see that we also might be able to retest a descending trendline for the 3rd time before dropping again. Overall, bearish sentiment remains. Let's see how this plays out. This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi