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Consolidation

AUDUSD - Candlestick Analysis Not my favorite opportunity of the week but one that could be sneaky good because of the associated risk to reward ratio. The AUDUSD has been bouncing back and fourth in a period of consolidation for a while now with the most recent move being a retracement into a high volume level. We end last week with a very positive candlestick combination for the bears offering a potential short opportunity on the open. If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below. Akil
Short
by Akil_Stokes
Mastering Market StructureBullish Market Structure: Bullish Vibes! It's all about making Higher Highs and Higher Lows. When you spot this pattern, you're riding the wave of optimism in the market, and it's your chance to seize the moment and soar with the bulls. Consolidation Market Structure: Consolidation Market Structure is all about lateral movement, where the market forms Equal Highs and Equal Lows. It's a phase of uncertainty, with neither bulls nor bears holding a clear advantage. Traders often await a breakout to determine the next market direction. Bearish Market Structure: Bearish Market Structure: Get ready for Lower Highs and Lower Lows. Sellers are in control, creating a solid downtrend. Traders look for short entry opportunities on retracements.
Education
by BlackWatch01
ETH Facing Critical Support at $1760, Will it Hold?Ethereum’s price has been violently breaking past resistance levels during the recent surge. However, for the long-term trend to be considered bullish, one obstacle still needs to be overcome. On the daily timeframe, the price has been steadily ascending since rebounding from the $1,550 support level and the lower boundary of the substantial descending channel. Notably, both the $1,750 level and the 200-day moving average, positioned around the $1,800 mark, have been decisively breached on the upside. The market is presently on track to test the upper trendline of the channel, and should a bullish breakout occur, Ethereum is likely to trade above $2,000 once again in the near future. While the price has managed to break and subsequently retest the $1,750 support level, it is encountering challenges in advancing further. Given the current choppiness in PA and the overbought signal indicated by the relative strength index, the possibility of a retracement back to the $1,750 level or even lower cannot be discounted. After a relentless rally, the market may be due for a correction or consolidation phase. Ethereum’s price has been rallying aggressively over the past few days, running toward the $2,000 key level. It is wise to analyze the futures market sentiment and determine whether this rally would be sustained. This chart represents the Ethereum funding rates, which is one of the most useful futures market sentiment indicators, determining whether the buyers or sellers are executing their orders more aggressively. Positive values show bullish sentiment, and conversely, negative values are associated with a bearish sentiment. Evidently, the funding rates have been positive for some time now, which is positive as it shows traders are aggressively buying. However, the metric has spiked massively in recent days not withstanding the surged. This can point to a probable correction or even a reversal as a result of a long liquidation cascade, which might begin in case of a small price pullback. Therefore, investors should be extremely careful and manage their risk, as a flash crash could be on the horizon.
BINANCE:ETHUSDLong
by DEXWireNews
EOS WILL BLOW FACES OF AGAIN ONE DAY. BE READY!EOS is currently in a consolidation zone and it looks to me to be coming to the end of a massive triangle. Let's see what happens this week, I think a nice pump incoming. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
GOLD → Strong zone retest. Bounce before further growth OANDA:XAUUSD is breaking out and is about to test a key area of liquidity at the moment. What can we expect to see from gold going forward? On the chart I have marked such important levels as 1953 and 1946.7. This is a rather strong resistance area forming a global sideways range. After a long retest, the price is highly likely to fail to break this level the first time and may form a correction to the support. But in the near term, based on fundamental factors and market sentiment, we can assume that the growth will continue after the pullback. In the medium term, the price may test the 2000 area, but we are interested in cheaper zones to start with. Moving averages support the bullish trend. Support levels: 1928 Resistance levels: 1946, 1953 Since we have a strong trend + distribution, this movement may continue, but after the retest of the mentioned resistance area. We will follow the price reaction to the area to make further conclusions COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
42
🥇 GOLD - Growth will continue after the breakout of 1929On the senior timeframe we see a stop after a strong distribution. This may last until the price breaks the resistance of 1929. At this point, consolidation and a retest of resistance is forming TA on the high timeframe: 1) The bullish trend is strong 2) The area of 1929-1932 stops us from further growth. TA on the low timeframe: 1) Price is consolidating. Growth is formed from the support 1913 2) Retest of resistance can be accompanied by both rebound and breakout. 3) The signal for a rebound will be a false breakout, and the signal for further growth will be a breakout and consolidation above 1929. Key resistance 📈 1929 Key support 📉 1914
OANDA:XAUUSDLong
by AndeWave
11
Crypto Market Can Be Finishing A Corrective ConsolidationCrypto market made nice and clean impulsive rally at the beginning of 2023, which indicates for a bigger recovery after a correction. Well, Crypto market is now in a corrective consolidation since April, which we see it either as a bullish triangle pattern or maybe even slightly deeper and more complex W-X-Y correction. After yesterday's volatility Crypto market firstly jumped higher on the news that SEC approved iShares spot ETF, but then immediately reversed down, when BlackRock confirmed that this is false and that their application is still under review. So, it looks like a short-term spike up only, which means that we should be aware of a new slow down within wave E of a triangle or maybe even for wave »c« of Y of deeper complex W-X-Y corrective decline. Once a correction fully unfolds, we will expect a continuation higher in the Crypto market, ideally at the end of 2023 or beginning of 2024. All the best!
CRYPTOCAP:TOTAL
by ew-forecast
GOLD → A counter-trend correction is forming. Panic zone OANDA:XAUUSD has been forming a correction since the opening of the session and has reached the area of 1910. The price enters the panic zone relative to 1914. What should we expect from gold next? The correction on the background of a strong surge of energy and distributive movement should have happened. The market should pull back and gather potential before further upside. The price is testing the 1914.15 area for a breakout. The price is trading in the panic zone, where there are a lot of buyers' bids and sellers' bids are formed. A false break of the level will give us an impulse to 1928.8 and then to 1946. But, if the market consolidates below 1914.15, the correction may continue towards 1905 and 1900, but before further growth. The upward movement in the medium term may continue, for this price will have to overcome 1914, 1928 and 1946, At the moment we are waiting for the price to find support before further growth. Support levels: 1905, 1900, 1895, SMA Resistance levels: 1914, 1928, 1946 In the future I expect the continuation of growth, but only after the end of counter-trend correction COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
22
💱EURAUD - potential for further growth is forming EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000 TA on the high timeframe: 1) the market is entering the distribution phase 2) The accumulated potential can be realized during 2-3 weeks. TA on low timeframe: 1) Consolidation is formed above 1.66387 2) before further growth the price may return to the support for a retest 3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level Key support📉: 1.66387 Key resistance📈: 1.67914
Long
by AndeWave
10
EURCAD → A symmetrical triangle can be broken through FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in the short term. Earlier the resistance of the descending channel was broken, most likely, the imbalance, which the market maker seeks to eliminate, is above the zone 1.4663, but before further growth the market should form a consolidation. Support at 1.4369 or 1.424 may be tested before rising. If the price breaks the resistance at 1.446 soon, further movement will become obvious. Moving averages are pointing to a near-term burst of activity. Support levels: 1.4369 Resistance levels: 1.446 In the long term, I expect growth. But, before the growth there may be a local fall and support retest. A breakthrough of 1.446 will be a buy signal. A breakout of 1.4369 will be a sell signal. Regards R. Linda!
Long
by RLinda
10
IOTXUSDT - IoToX is stronger amid a weak market BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day fall of the flagship IoTeX / Tether feels quite confident. Growth and resistance breakout is formed. Consolidation formed under resistance will be enough for resistance breakout and active momentum formation. Altcoins periodically get potential at the transition of capitals between assets, which is most likely formed and IOTX. Earlier MA-50 was broken and the price is preparing to test MA-200 in the near future. The breakthrough of the second one will give a good leverage for growth. Targets in the medium term should be considered 0.02386 and 0.03036. Support levels: previously broken figure line, 0.01610. Resistance levels: 0.01866 I expect consolidation above the range and subsequent breakout of 0.01866 resistance. Regards R. Linda!
Long
by RLinda
15
USDJPY → A retest of trend support. What could go wrong?FX:USDJPY is forming a correction to trend support amid the corrective movement of DXY (Dollar Index). Logically, on an uptrend, support should push price up, but what could go wrong? On the daily timeframe TVC:DXY is forming a correction to an important support, the reaction could be bullish, thus USDJPY will start to form a rise to resistance. At the moment the fundamental part is quite complicated, with the Fed's tough stance, the dollar is forming a correction under the influence of other levers. So, we will start from the technical analysis. The currency pair is heading towards the uptrend support, consolidation near this area is confusing and increases the chances of further support breakout. A sell signal (counter-trend strategy) will be the consolidation of the price below the uptrend support line, after its breakout. And the buy signal (trend strategy) will be a false break of the support line. Resistance levels: 148.9 Support levels: 148,46 The situation is complicated by the fundamentals. From a technical point of view, the price can form a trend growth, but we need to wait for a signal. The setup may break, and in this case the target will be 147.38. Watch the reaction of DXY and USDJPY price to the trend support. Regards R. Linda!
Long
by RLinda
16
USOIL (WTI) 10.10.2023Crude oil has experienced a jump after the Hamas-Israel conflict. It seems now that the price is following a consolidation phase forming important support and resistance levels. Breakout of those levels could cause the price to deviate significantly creating opportunities. Next possible levels are depicted by the arrows. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
TVC:USOIL
by Stuart_Cowell
🥇GOLD - A reversal pattern. Key level 1857GOLD is forming a reversal pattern that changes the local trend. At the moment, for the market to continue the growth scenario, we are interested in the level of 1857.7. If gold can hold this level, we will see the realization of the pattern and growth to 1877 and to 1901. TA on the high timeframe: 1) Price inside the range 1875 - 1815. But resistance has not been reached yet. 1875 area is the actual target at the moment 2) A strong pullback is being formed, the target of which may be the area of 1885-1890. TA on low timeframe: 1) A reversal pattern " Cup with a handle" is being formed. Exit beyond the resistance of the local consolidation will give us growth and realization of the setup. 2) Flat support retest of 1857 is forming. 3) I am waiting for price consolidation above. It is necessary to confirm that the market is ready for growth. Key support📉: 1855-1854, 1845 Key resistance📈: 1866, 1873, 1877
OANDA:XAUUSDLong
by AndeWave
14
Consolidating?Practicing my crayons skills... Don't judge :) Fixed range VP setup near breakout zones Things of interest - Previous dips chopped before the next leg up - Currently just outside high volume zones. Low vol = consolidation potential? - Holding, so far, previous resistance zone - Sideways moves could give time for breadth to improve - Oil appears to be going up --> good for the markets? - 'Triangle pattern' kinda interesting Position : If asked, I'd say wait for a trend. Full/final position for the year will be initiated on trend confirmation via private scripts, MAs, etc. Not financial advice. Good luck and don't risk what you can't lose!
SKILLING:SPX500
by bluesky509
BTC at times of warCrypto Meme market taking a hit supposedly due to the brewing war. People on twitter turning bearish and some even liquidating assets. No major moves and no big volume though. Took Russian invasion in Ukraine as a reference, 24 February 2022 was the day the news hit. We did definetly dip but overall recovered well until May 2023 arrived. Personally not selling anything. BTC daily chart still looking good to me after sweeping 25K. Could argue a H&S is forming but irrelevant at this point. I am still loading up on altcoins at these levels. Like mentioned before there is still a chance of a blackswan, like the mini one with Evergrand Group in august. But i would rather take the hit than risk not having my bags ready for the bull.
by Suneater69
BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart) BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting. Support levels: previously broken wedge boundary, 0.1421, 0.1161. Resistance levels: 0.1580, 0.1882, 0.2339. Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840. Regards R. Linda!
Long
by RLinda
21
GOLD → Consolidation ahead of #NFP. What to expect?OANDA:XAUUSD has been consolidating for 4 days. The formation is directed to realization at the moment of #NFP publication. The market was in a downtrend for a long time, after which it went into a narrow consolidation, there were no pullbacks at all in the last two weeks Today, at 12:30 GMT NonFarm Payrolls & Unemployment Rate (Sep.) will be published. This is quite important news for short-term forex market pricing. The impact is on the dollar, and from it already on gold. On the chart we see the formation of a long 4-day consolidation in the range of 1828 - 1815. On the daily chart, the maximum decrease in volatility over the last 2 weeks is forming. The consolidation is starting to form a pre-breakout character as this range is forming near trend support and near the key level of 1809-1807. Hence, based on the negative fundamental background and the formation of a pre-breakout consolidation, there is every chance of a support breakout and further decline towards both 1800 and 1775. But there is always a BUT. News is an unpredictable nuance. Negative news for TVC:DXY can give a bullish surge for gold and vice versa. The nuances are shown on the d1 chart. On D1 SMAs are in the phase of signal realization Support levels: 1815.3, 1812, 1807 Resistance levels: 1828, channel border It is difficult to expect something concrete from the news. In the short term there may be a retest of these resistance areas, but in the medium term I continue to wait for the fall OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
41
GOLD → The situation remains the same. Consolidation OANDA:XAUUSD continues to consolidate, therefore, the market situation remains the same. The probable outcome of events is a false break of resistance (retest of liquidity area) before further decline The market has been forming consolidation inside the important range of 1828 - 1812 for the last few days. Liquidity is forming above these boundaries, which the market maker (with high probability) will not miss. In priority, I expect a surge in volumes at the next retest of the resistance area and the formation of a false breakdown. Local strengthening of the price may reach such areas as 1830, 1835, 1840. In the medium term, I expect a further fall, but after reaching local targets. The global target is an important support area, which is indicated on the senior timeframe: Weekly chart on the left (blue level). The moving averages indicate a strong trend. A sell signal can be formed relative to 1828.2, 1833.3, 1835.5 Support levels: 1812, 1807. 1800 Resistance levels: 1828.2 In the long term I expect a continuation of the fall, but a small bullish correction may follow before this movement OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
17
🥇GOLD - Consolidation before the news GOLD is in consolidation on the background of falling market. There will be news soon, quite strong, and most likely the market players are waiting for the data, so consolidation will form on the chart. The sentiment indicator indicates a bearish potential. The trend is also bearish. The news impulse may hit resistance, after which the decline may resume TA on the high timeframe: Market is falling. Price breaks 0.5 fibo and heads towards 0.618 A retest of 1807.96 may follow (the level has not been tested yet), and the price may also hit 0.618 before a pullback. TA on the low timeframe: A sideways flat is formed, the essence of the flat is consolidation Minimal volatility is formed on the market, as the potential for movement in one or another direction is accumulated. Watch the price reaction to the mentioned levels, I am expecting a fall in priority, as we have a downtrend. Key resistance📈: 1831, 1833, 1841 Key support📉: 1815, 1807.9
OANDA:XAUUSDShort
by AndeWave
18