Get started

Consolidation-breakout

NQ Power Range Report with FIB Ext - 4/22/2022 SessionCME_MINI:NQM2022 - PR High: 13727.50 - PR Low: 13693.00 Evening Stats (As of 12:45 AM) - Gap: = N/A - Session Open ATR: 374.61 - Volume: 34k - Open Int: 230k - Trend Grade: Neutral - From ATH: -18.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022Short
by mv3trader5
Smart Money vs Retail tradersIn this Chart I show you the Universal Trading narrative of the FOREX Market. By simply knowing that the trend signifies the market is reaching for liquidity and to fill imbalances you will always be able to catch a entry or two or three daily on your pair. The market makers make money when the Smart Money pulls their profits creating order blocks aka consolidation. When the market makers accumulate enough buy and sell stop orders they continue the move often with the trend. The Big Trend Moves are always the Smart Money. Trade with them and you will always eat! Happy Trading Family!
by Master-Jedi-Trader
GER30 - High & Tight Flag PatternThe high & tight flag pattern is one of my favorite setups to trade & historically is one of the best setups that the market has to offer. This one, in particular, is downgraded due to its location relative to the overall state of the market, but nonetheless, still, something that may be interesting to many of you breakout traders out there. When it comes to breakouts, there are 3 methods that I teach for how to trade them. 1) Entering a position prior to the breakout in anticipation that it will happen. 2) Entering during the breakout, so while it is happening & 3) Entering after the breakout, meaning once the breakout is confirmed. All have their pros & their cons which need to be taken into account. The projected target level for me is the previous shelf of structure support which I would expect to act as a form of resistance. We can also pair that with a 61.8 Fibonacci retracement taken from the larger swing. The larger target projection level comes near the top of the previous consolidation zone at the 78.6 & largest volume spike. Hope this idea is helpful & as always I encourage you to leave any questions or comments below. Have a great day! - Akil
FX:GER30Long
by Akil_Stokes
The FUD keeps subsiding and recovery signs are emerging 👀Bitcoin is the dominant crypto currency and the whole market is somewhat depending on the health of the Bitcoin price chart. Bitcoin dropped by 50% from its previous ATH around 68k within 3 months. Since then we are consolidating into a wedge pattern with a ceiling around 45k and a rising floor currently around 39k. Bearish stuff: We are below the weekly bull market support band which currently ranges from 43k-47k. Currently we are not able to break the 45k level and a further decline could send us back to lower lows. We did not create higher highs yet and are in a consolidation phase during a down trend. We are below the 100MA and 200MA. Bullish stuff: Since February we are consolidating with a rising floor. We broke the downtrend for price and on the RSI. Trading volume is increasing since the start of 2022. We are still above the macro support level of 30k. Price is above the 50MA. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance. Bitcoin got additional attention during the Russian invasion in Ukraine. People could use Bitcoin but have trouble withdrawing their fiat currency. Donations are also made using cryptos which leads to additional attention. Ukraine legalized cryptos because of that. The FED started with rate hikes and takes a closer look to cryptos. This is a novum and it seems that Bitcoin became to big to ban or ignore. We expect bullish times ahead can't wait for it. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
by tumbler55
Marathon Digital Holdings screaming with many bullish signalsAll indicators I'm using are screaming at me right now, telling me this chart is bullish. Before we start, it seems the chart is currently consolidating at a major area of support. Bullish. First, lets start off with the RSI divergence. It is marked with white trend lines. You can see that the RSI shows greater and greater strength while the chart is consolidating. Second, the aroon-based strategy indicators are telling me that there is likely going to be a 6 indicator symmetrical pattern. Starts with a higher sell indicator, has a short channel in the middle, then it should be followed by a buy indicator at a lower position, near where the empty circled area is. I've seen this pattern often, and it usually is followed by a reversal up to resistance. It also can be bearish, where it is flipped and ends with a sell indicator (higher than the rest of the pattern). I'll be making a video on how I interpret charts this weekend. This is NOT financial advice. I am 14 years old, while I trade with my parent's assistance, I am not an official source or advice, and shouldn't be treated as such. Do your OWN research and DD.
NASDAQ:MARALong
by Sebastian_Bagoon
1
BITCOIN BULLS ARE PREPARING Last Week was Bullish Hopefully this week will be BULLISH too. I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again. I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns. Then we have some OrderBlocks that manages to break 3 4hours previous Highs which is a BULLISH Break of Structure. And once that has occured then you know from experience going back up above 45k will be easy cheezy. If my Bias above is right I will hold the firm believe that we can see a much more higher prices to BITCOIN to 92K which is very ambitious target and also I was researching the Thermocap Multiple which is Dividing Bitcoin price and cumulative miner reward yields the so called Thermocap Multiple and I found out that the BULL RUNS of bitcoin can effectively goes to $151k for the BULL CYCLE.The question is not if we are going to get there but when and the world can be crazy within a decade to ultimately put BITCOIN price close to $70K per bitcoin and therefore I see much upside potential for BTC.
Long
by LukmanBalogun
1
Expecting a bullish move at the end of this consolidation to tesExpecting a bullish move at the end of this consolidation to test the all time highs. Key Factors -- Key support is being tested now. -- A push to get more sell side liquidity from the "Whales" could see a spike down to the 39k area. -- A more gentle accumulation would be in the mid 40s (433 - 47k) Range. -- There is divergence appearing on the RSI. Implying that the selling pressure is getting weaker, while price is falling.
BITSTAMP:BTCUSD
by DazMoP
1
GBPUSD With a Breakout Above the RangeDemand for the pound rose today following the publication of better-than-expected services PMI data in the UK for February. This prompted a breakout above the upper limit of the consolidation range. The range spans between the 61.8 per cent Fibonacci retracement level at 1.35999 and 38.2 per cent Fibonacci at 1.35077. The next target for the reinvigorated uptrend will be the previous swing peak at 1.37500, though an intermittent pullback to the resistance-turned-support at 1.35999 is also possible.
Long
by Trendsharks
1