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Consolidation-breakout

USDJPY(1D): Consolidation Before A ShortUSDJPY Timeframe: 1D Direction: Short Confluences for Consolidation Period: - At support of Medium Term Trendline (established since March 2018) - Price action hovering at 61.8% Fibo line of Recent Highs and Lows - Overlapping of Oversold Stochastics Confluences to Watch for a Sell - Bearish candle formations - Stochastic Overbought momentum wanes (if it reaches those levels) - Crossover of 8EMA and 50EMA - Break of Medium Term Trendline (established since March 2018) Suggested Trade: Price Action is likely to consolidate back upwards towards 112.48 - 113.27. Those levels are opportunities to sell USDJPY. Entry @ 112.48 - 113.27 SL: 114.66 TP: 109.69 May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
BTC 10th OCT 2018 - Signs For Bullish MoveHuge move for bitcoin expected. Those are my main TA sign for a bullish move 1. Double Dip in RSI & $ price ($5750-$6000). 2. Consolidation, BTC went almost stable. 3. Curve trend movement, correction seems done. _________________________________________________________ Very buy, because expecting it would go much lower, might be the new wishful thinking in this. Stay positive, buy the future, dont see it as an investment only. _________________________________________________________ #doggonacci
Long
by UnknownUnicorn3117882
2
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