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Consolidation-breakout

Major consolidation breakout setupIn the last consolidation breakout I posted I gave a 5 hour window for a breakout. Perfectly in the middle of that, 3 hours after posting, we got the huge drop from 7450 to 6950 on August 4th. Now we have an even bigger setup for a breakout, with a smaller setup inside it. Our major trend lines converge 12 hours from now (01:00 UTC, 28/08), and our minor trend lines converge 5 hours from now (18:00 UTC, 27/08). We've set alerts to execute longs if price crosses above the green line and shorts if price crosses below the red line, with these lines set just outside of our consolidation range. If we get a fakeout and price reverses we will be exiting at 6718, the tip of our minor green triangle. Otherwise we will be looking to ride a breakout in either direction for a 2-3 hour period and then re-assess, expecting heavy support/resistance around 6530 and 6890.
BITFINEX:BTCUSD
by HayeTrading
6
STM Buy sign from 2 months of consolidation - retracement.NYSE:STM * CCI showing buy signal for STM. * RSI basing for uptick. * Fib retracement indicates bounce coming as STM has shown zig zag resistance push for awhile. * Zig Zag consolidation breaking out Tech stocks ready to recover, unless you make AMD GPU's. Sales are up over last year. 3-yr EPS growth 98% and ready to break 25 with right conditions, but easy up from 19.57. Zach's comparison to NVDA www.zacks.com Viewers make own conclusions.
NYSE:STM
by Pokethebear
BUY ECHO on pullbackECHO has a zacks rank of 1 (strong buy). It pulled back to the 61.8 Fibonacci retracement level on the wick of a bullish candle. It is also consolidating around this price level. it has also closed above the 20sma.There is definitely some historical resistance overhead, however, I believe it can break above this level due to the fact that earnings have been doing well over the past couple quarters. It has experience a strong reversal and has a lot of potential. although this may be true, there is always a possibility of things not going our way so I will continue to move my stop loss up.
ELong
by GoranTrader
Tentative Possible Completion of SPX WXY Corrective RetracementPre-called 2802 and saw it touch today. There is strong support on upper channel trendline; doubtful we will see retest of lower channel line, barring catastrophic geopolitics. Expect more turbulence and consolidation at this level just above support in the 2810 - 2840 area for a week or so; eventually should breakout thru strong R at 2640. This is not advice and Im not an advisor, it's purely an educational post. Good luck traders!
SP:SPXLong
by DaddySawbucks
8
Burford Capital In ConsolidationLast post: June 6th. See chart . Review: Price was testing the support level. Update: Price has since come down to test the support level which includes the 50 simple moving average, and is consolidating between the support and resistance level. Conclusion: Applying patience and waiting for price to break through resistance before considering long trades again. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:BURLong
by Sublime_Trading
JD Sports Overcoming HurdlesThis stock is featuring for the first time on our TradingView blogs. Current setup: Price is still in consolidation but has broken a strong resistance level and is now approaching the next area of resistance. Conclusion: At the moment we have to stand aside. A break of the next resistance level will confirm a continuation of the previous bull trend and at that point we can look for long opportunities. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:JD.
by Sublime_Trading
Dechra Pharmaceuticals Looks Set To Breakout SoonLast post: Feb 28th. See chart . Review: Price had broken a resistance level with a strong move to the upside. Update: Price continued to trend higher but is now in a period of consolidation. Conclusion: We will be waiting for a breakout of the resistance of the consolidation zone before considering a trade. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
DLong
by Sublime_Trading
BlockNet vs Bitcoin on its way to riseBlockNet found the bottom at btc 0.0015 after which it broke above the 50 Moving Average. BLOCK/BTC could be getting ready to establish an uptrend and double its' value against the Bitcoin. But currently it facing a resistance at btc 0.00234, that has been rejected multiple times. Daily close above that level should confirm price bullish intentions and should result in a wave up. There are several resistance levels to watch. First strong and potentially key resistance is based at 38.2% Fibs, that is btc 0.00353. Break above that level could send the price up to the target area at 61.8% Fibs, that is btc 0.005. While the btc 0.0023 resistance is holding a consolidation could take place and even result in a decline towards btc 0.00155 support.
Long
by CryptoPAMM
1