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Consolidation

XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
XAUUSD 15M - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
NZDUSD → Local trend change? Moving down ↓ ?OANDA:NZDUSD breaks trend support amid a strong dollar. The currency pair could move to the downside if the bears hold the resistance area on their count. On the daily timeframe, the currency pair is inside the sideways channel, but at the same time breaks the ascending support line. Thus, the market is starting to look towards 0.6084 support as an area of interest. The US market has a day off today, so the volatility may be low, but nevertheless we have prerequisites for the beginning of the downward movement. If the bears keep the price below 0.6150-0.6140, the market may enter the phase of downward movement and head towards such targets as: 0.6083, 0.6000. Resistance levels: 0.6140, 0.6170, 0.6215 Support levels: 0.6083, 0.6000 At the moment the market is struggling for the area of 0.6140. Consolidation below the level or the beginning of the impulse to the support will confirm that the bears are holding the market, then we will have to wait for the achievement of the goals. Regards R. Linda!
Short
by RLinda
2
BTC the "Wyckoff Re-Accumulation" Hello Traders, Today we are looking at a the current consolidation or trading range of BTC over the past 4 months. When an asset is consolidating or trading range it could be either in an accumulation or a distribution phase per Richard Wyckoff. Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was an American stock market investor, and the founder and onetime editor of the Magazine of Wall Street (founding it in 1907). He was also editor of Stock Market Technique. During his early years Wyckoff studied many of the most well known early stock traders and later created his own techniques to navigate the markets now known as the Wyckoff Method. The Wyckoff Method is a technical analysis approach developed by Richard Wyckoff that emphasizes the relationship between price and volume to understand the psychology of the market. Wyckoff believed that by studying price action and volume patterns, traders could identify the intentions of large institutions, often called "smart money," and anticipate future market movements. This method focuses on specific phases within a trend, with accumulation being a key stage where large institutions discreetly buy shares before a potential price increase. This buying activity often leads to periods of consolidation, which Wyckoff saw as crucial phases in the accumulation process. Let's delve deeper into these consolidation phases, also known as trading ranges, and how Wyckoff interpreted them. Within the Wyckoff Method, trading ranges, also known as consolidations, represent periods where the price action gets stuck in a defined zone. This sideways movement reflects a temporary tug-of-war between buyers and sellers. While bulls (buyers) try to push the price higher, bears (sellers) attempt to drive it down. Neither side can gain a decisive advantage, resulting in the price bouncing between established support and resistance levels. Wyckoff viewed these consolidations as a crucial phase during accumulation, where large institutions strategically absorb selling pressure from weaker hands. By analyzing volume patterns within the trading range, Wyckoff aimed to identify signs of underlying strength or weakness, ultimately gauging the probability of a future breakout in the direction of the dominant force. Richard Wyckoff developed schematics to illustrate the various stages of accumulation and distribution within his trading method. These schematics weren't rigid formulas, but rather a framework to understand the underlying behavior of large institutions during these phases. One of the schematics portrayed in Wyckoff's accumulation schematic is the re-accumulation. The Re-accumulation similar to a normal accumulation is derived of multiple moving parts focusing on price action and volume. Below are the moving parts of a Wyckoff accumulation and the acronyms defined to better help you understand the schematic listed below. Please take a moment to understand these different stages of events in the schematic as we will be applying them to the current trading range which we are analyzing on the current BTC chart. PSY ( Preliminary Supply ): This marks the initial stage where large institutions begin discreetly selling shares after a significant upward movement. Volume might not be exceptionally high, but there's a subtle increase in selling pressure. BC ( Buying Climax ): This is a period of frenzied buying activity, often driven by retail investors. Volume surges, and the price might reach a temporary high. However, this buying is often filled by large institutions happy to unload their remaining shares. ST ( Secondary Test ): After the buying climax, the price might revisit the area of the BC to gauge remaining buying interest. This is a test of demand and can be a good entry point if volume is low, suggesting the selling pressure is fading. AR ( Automatic Reaction ): This refers to a short-lived price movement in the opposite direction of the underlying trend. It's an automatic response to the previous price movement and doesn't necessarily reflect a shift in the overall trend. Spring : a price movement that tests remaining supply of a security after a period of consolidation. It's a short-lived, sharp downward movement that often appears near support levels. The Spring is now always a part of the Wyckoff re-accumulation schematic. LPS ( Last Point of Supply ): This is the final significant selling pressure before a potential breakout. The price might reach a new high (higher high) on relatively low volume, indicating a lack of sellers and a potential increase in buying power. SOS ( Signs of Strength ): These are bullish price movements on increasing volume, often accompanied by higher highs and higher lows. They signal that demand is overcoming supply, and the price is likely to move upwards. Phase A (2/25-3/15) Preliminary Supply As you can see in the first move of Phase A of the chart shown between 2/24 and 3/04 we had a large buy up of proven to be institutional buyers which can be shown by the buying pressure in the graph below the new ETF inflows and outflows. This would represent the Primary Supply or (PSY). Sometimes followed by the shake out as you can see happened right after the build up of the PSY. This graph denotes the new Spot Bitcoin ETF's and companies that run them such as Blackrocks BTC ETF ( NASDAQ:IBIT ) headed up by the very well known name in finance Larry Fink with the company's Trillions under management in a whole. Greyscales BTC Trust turned ETF ( AMEX:GBTC ) Headed by the recently appointed Peter Mintzberg> Fidelity ( AMEX:FBTC ) leading the company as CEO of the larger asset fund manager Abigail Johnson. ARK 21Shares Bitcoin ETF ( AMEX:ARKB ) headed up by Cathie Wood. Bitwise ( AMEX:BITB ) ran by CEO Hunter Horsley and for all intent purposes we will leave the other 5 ETF's. These are listed in order of largest BTC holdings to smallest just for some context. Buying Climax The second stage in Phase A is the Buying Climax which is predominantly dominated by an increase of volume of retail buyers which you can see in the chart below showing the retail to institutional investor ratios between the time period we are currently looking at on the chart. This is also matched with institutional traders selling into the buying of the asset being bought up by retail. For this instance we can reference the data shown above in the Spot Bitcoin ETF Flows. AMEX:GBTC seemed to be the only large institution that was selling into this buy volume by us little folks. Phase B: (3/15-4/24) Secondary Test As defined above, this is when price action comes down into a demand zone and tests as selling pressure starts to diminish. This becomes a good point of entry for buyers. This is a crucial stage that tests the demand base established during the beginning of the re-accumulation phase. It involves the price action revisiting the area of the buying climax. This offers valuable insight into the strength of the accumulation process. Automatic Reaction After the secondary test you can see on the chart the price action had a swift return to the upper resistance zone creating the AR we are discussing now. The automatic response is a bounce off the lower support area of the consolidation range of the schematic. From the chart we can see a large bullish candle jumping from the bottom of the range happening on 3/20 followed by continued price action up to the top of the range, suggesting we have confirmed the AR within this schematic. Phase C (4/24-5/05) The Spring The Spring is known to be the Primary Shake out of the consolidation period. This is intended to shake out the "weak hands" within the asset. By creating a sense of urgency, it can entice short-term traders and those with shaky confidence to sell their holdings. The spring is characterized by a sudden and rapid decline in price, often accompanied by a moderate increase in volume. Another characteristic is low volume. After the Initial shake out there will be a price action rebound that Signifies the selling pressure has been exhausted and buyers are stepping back in. As you can see on the chart, the price breaks the bottom support range shortly after jumps back in proving buyers are back in the market. Phase D (5/05-current) Last Point of Supply As defined above, this event consists of a price movement to the upper part of the range with lower selling volume when the price pushes off the resistance area of the range. This is very indicative of the LPS stage of this phase. Sign of Strength The last stage in Phase D is the Sign of Strength. For the time being we are waiting to see this event unfold. The first indication we will have that this is taking place is the break of the top of the trading range around $73,250. If this happens we can expect the expansion phase out of the range to take place. In conclusion, by analyzing the recent price action of Bitcoin through the lens of the Wyckoff re-accumulation schematic, we've identified several key events. The presence of a Buying Climax, Secondary Test, Automatic Reaction, and Spring all suggest a potential accumulation phase might be underway. The recent price movement towards the upper resistance zone with lower volume hints at a Last Point of Supply, which could be followed by a breakout if confirmed by Signs of Strength, such as a surge in volume accompanying a price move above the consolidation range. While further observation is needed to solidify these signals, the Wyckoff framework offers valuable insights into the possible direction of the Bitcoin market. Remember, the Wyckoff method is a probabilistic tool, and future price movements can deviate from these expectations. Quote From Richard Wyckoff "I not only aim to make money but, to keep it and make it grow" Stay Growing My Friends, Savvy
by Crypto_Kinfolk
1
EURCHF → A safe CHF could lead to a fall in the pairing OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background Resistance levels: 0.9738 Support levels: 0.9677 I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market. Regards R. Linda!
Short
by RLinda
1
XAUUSD CONSOLIDATION BREAKPair: XAUUSD Timeframe: 1H Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, consolidation ————— Key Takeaway: For a full day we have seen the pair consolidate between 2332.8-2326.5 and we havent managed to break either levels. When the pair does we are either looking for a short or long trade depending on the confirmation of breakout (bullish or bearish). Once it does break out either way, we will look to take profits toward the top pennent resistance or bottom pennant pattern support trend line. ————— Level needed: need a close above 2332.8 or a close below 2326.5 ————— Trade: NEUTRAL RISK:REWARD 1:6 SL: — TP: — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
OANDA:XAUUSD
by TheGoldRoom
AUDUSD Multiple Rejections of Support In this analysis, I'm examining a consolidation pattern. Price is showing signs of rejection, and therefore has the potential for (temporary) long positions. AUDUSD has been consolidating within a rectangle pattern (on the 4-hour chart) for some time. Price has previously rejected support on multiple occasions, suggesting it may do so again. We have observed a long-wick candlestick rejecting the key level of support and a breakout of the downtrend line. I will be closely monitoring price for a trend change confirmation, specifically looking for higher highs and higher lows. --- At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Long
by Forexity
1
EURUSD → The currency pair may lose up to 2.5% ↓FX:EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment. Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on the price. EURUSD may test 1.0802 in the near future. It is necessary to monitor the price reaction to this area. A quick retest or consolidation could be a prerequisite for a downside breakout and further fall to the lower boundary of the global range at 1.0606 Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 I expect that the bears will continue to dominate the market on the background of the expensive dollar, which may lead to the fact that the currency pair may lose up to 2.0-2.5% of its value. Regards R. Linda!
Short
by RLinda
7
INJUSDT → Interested buyer. Ready to rise to 43.0?BINANCE:INJUSDT looks stronger than bitcoin and the crypto market. Against the background of the general decline, the coin is growing and this is a rather strong premise. The price may return to the range of 29.0 - 43.0. On D1, a pre-breakout setup is forming regarding the 29.2-29.45 area. If the price can consolidate above this area, then further traders will open bullish potential, the target of which could be a rise towards resistance (intra-range movement). The coin looks green in the red market and it means that someone is interested in it (big player). On the overall negative fundamental background there is a risk that the coin will go down, but for now I am looking out for further upside. *The long scenario will be broken if the price closes below yesterday's opening. Resistance levels: 33.62, 43.4 Support levels: 29.21, 29.85 The potential is there. It can be realized if the bulls hold the defense above the key support area. Regards R. Linda!
Long
by RLinda
6
HelenP. I Euro can turn around and then rebound upHi folks today I'm prepared for you Euro analytics. A not long time ago price started to trades inside consolidation, where it at once declined to almost support level, which coincided with the bottom part of the range and then turned around and started to grow. In a short time EUR reached a resistance level, which coincided with the resistance zone, but at once rebounded and fell until to trend line, after which backed up to the range, making a fake breakout of 1.0800 level. Then price started to grow and in a short time rose to the resistance level, and broke it, thereby exiting from consolidation and continuing to move up. But later price turned around and fell lower than the 1.0880 level, breaking it again and then some time trading near the resistance level. One time, it fell to the trend line, after which rebounded up higher resistance level, but a few moments ago made a strong impulse down, breaking the 1.0880 level and also the trend line. Now, the price tried to break the support level, so, for my mind, EURUSD will make a small movement down and then rebound up, making a fake breakout of a support level. After this, the price can continue to grow, so, for this case, I set my goal at 1.0840 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Are we expecting more bullish in Gold?This has already built an hourly top at a strong H4 level. Gold could be breaking above with that dynamic, we also have order volume below, which we do not know if gold is still interested in. At least the last order block should be reached by tonight or beginning of next week, even if gold wants to break further above. It could also be reversing until CAD and USD News and climb back up afterwards. If it corrects, we could see a new floor at the H4 zone around 2348.
OANDA:XAUUSD
by Heaven10
WIFUSDT → Resistance Breakthrough. Will there be a rally?BINANCE:WIFUSDT shows quite interesting preconditions for a possible rally. The coin breaks the consolidation resistance and at the same time looks stronger than the market. The coin has been in the consolidation stage for two months. Now the price is breaking the triangle resistance and consolidating above 3.256, which generally determines the medium-term intentions of the market. The level of 3.561 is ahead and the main task of the bulls is to overcome this obstacle. If buyers are able to pass this zone and form a consolidation above, only 4.850 is ahead. Resistance levels: 3.561, 4.343 Support levels: 3.256, 2.92 I expect the continuation of growth to the nearest resistance with its further breaking and growth to the previously mentioned targets. Regards R. Linda!
Long
by RLinda
2
DJ30 in H1 consolidation / Support Resistance DeviationsI will try to go for buys, when price reaches the hourly floor. We have an Intraday zone above and hourly resistance beneath. Careful, the top is still dominant. Use RSI to get an entry, if you buy, wait until it has hit the floor 2 or 3 times and shows clear momentum upwards (candle close with few pip distance from zone means rejection, candle close touching zone various times means acceptance and might rather break the zone) Use 200 pip SL today and RSI for fine tuning of entry. Note to zones: You see that support and resistance are a little deviated from each other. This is always the case, buyers show support at the floor support zone, while the higher support zone is currently not active at all. This is why we only see clear resistance at the top.
VANTAGE:DJ30
by Heaven10
SUZLON Entering 14 Years High ZoneCompany has reduced debt. Company is almost debt free. Company has delivered good profit growth of 19.7% CAGR over last 5 years Strengths: Stable cash flow from the O&M services business to support overall debt servicing: The Group has ~14.5 GW of installed fleet under O&M business as on Dec 31, 2023. While the fleet under O&M reduces with decommissioning of WTGs, post completion of the design life, new wind turbine generators delivered and commissioned get added to the fleet every fiscal. Revenue from O&M services has been steady as this is contractual activity over a fixed timeframe and at contracted price. Also, escalation in revenue is inbuilt into the contracts, ensuring stability of operating margin over a period. The Group has demonstrated stability in revenue and profitability of O&M services business even in stressed times in the past. Stable cash flow with EBIDTA above Rs 700 crore per fiscal from the O&M services business is expected going forward. Leading market position in the wind turbine segment and a healthy order book: The Group has a successful track record of project execution with technical expertise, evident from the healthy market share of 30-35% in the WTG business in India over the past many years and also in cumulative installed capacity. The company’s healthy market position should help to obtain orders in the long run. SEL’s order book stood at ~3.16 GW (as on 31st Jan 24), to be executed till fiscal 2026. The company has been able to overcome the dependence on customer-backed financing to execute orders which had constrained growth in the last fiscal. Improved financial risk profile: The term debt stood at Rs. 1,773 crores as on March 31, 2023, on the back of scheduled repayments of term loan and additional reduction of ~Rs 900 crores from rights issue in October 2022. Furthermore, the company’s networth turned positive as on March 31, 2023 on the back of refinancing (gain on derecognition of OCDs & CCPS) and rights issue of Rs 1,200 crores in fiscal 2023. On August 14, 2023, the company approved the allotment of equity shares to Qualified Institution buyers aggregating to ~Rs. 2,000 crores. The company subsequently utilized the required amount to repay its entire debt at SEL, significantly improving the financial risk profile of the company. Further, SEL does not have material debt funded capex plans over medium term.
NSE:SUZLONLong
by iism-ExpertTrading
HelenP. I Bitcoin will make correction and then start growHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price traded near the support level, which coincided with the support zone, and later declined to the trend line, breaking the 66900 support level. But soon, BTC turned around and made a strong impulse up to the resistance level, breaking the 66900 level one more time and even soon entered to resistance zone, breaking the 70700 level too. After this, the price in a short time declined to the trend line, which coincided with the support level, breaking the resistance level again and also starting to trades inside consolidation. In range, the price rebounded from the trend line and moved up, after which made a small correction move. Then BTC reached a resistance level, which coincided with the top part of the consolidation, and rebounded down to the trend line. Recently price broke this line and now Bitcoin trades below the trend line inside consolidation. So, I expect that BTCUSDT will almost decline to the support level, after which turn around and start to rise to the trend line. When the price reaches this line, the price can break it and continue to move up, therefore I set my goal at 69300 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!
Short
by RLinda
2
NZDUSD → Trend Change. Consolidation before the impulse FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the support of the range forming above the bearish channel is possible with the aim of further growth. The currency pair has a potential and with the breakout of 0.604 the price may start to realize the accumulated potential and strengthen to 0.608 or 0.617. Resistance levels: 0.604 Support levels: 0.600, 0.5983 Most likely trading inside the range may continue. False breakdown of support and further strengthening to resistance is possible, but further price reaction to resistance will show us the readiness of the market to go in one direction or another. Regards R. Linda!
Long
by RLinda
7
BADGERUSDT will be Pump 21% ? Long EntryBADGERUSDT is a new coin which has been in price consolidation for 43 days and is currently creating a pattern. It seems that this coin has received support from Yearly Pivot and Daily TF 50SMA. And this coin is currently in a range candle and if the line named as "Range high" is broken, a long entry can be taken after the retest with a small tf. After the breakout, you can monitor the monthly pivot indicated by the doted line, and it will be safer to take a long entry after breaking the retest high of small TFs. As shown, it seems that this coin can move the price up by about 21%. This article is not a financial advice and definitely add a StopLoss. Thankyou
Long
by thilinajay
2
CADCHF → Realization phase. Growth after breakthroughOANDA:CADCHF may continue its growth after confirmation of bulls' intentions. CHF is weakening faster than CAD, which in general will favorably affect the currency pair. We expect the growth to 0.68 The price is breaking the global resistance, as well as moving the consolidation pattern into the realization phase. Consolidation of the price above the previously broken trend boundary will be a great sign that the currency pair is ready to go higher. Fundamentally, the situation is relatively stable, which is generally positive for us. Ahead of resistance 0.6722, the level can be broken after a quick retest. The formation of a bullish impulse is possible. Resistance levels: 0.6722 Support levels: 0.6694, 0.6655 Technically and fundamentally conditions are favorable. We are waiting for confirmation of the signal with the purpose of further growth to the previously mentioned targets. Regards R. Linda!
Long
by RLinda
2