Weekly Outlook - NFP!! (Ending 010623)First, it is NFP week. The Market is more unpredictable because manual intervention will take place. Please be aware of this when trading.
Second, I'm looking for Consolidation, Manipulation, then Distribution. Initially, the market has consolidated. Next, it will drive higher, liquidating all the Bears' Shorts built in (the three levels I noted) and making the Bulls trigger happy to provoke Long positions. After their positions are built in, the market will reverse and liquidate their Stop Loses below 3780.
Stay Tuned...
Consolidation
Weekly Review (Ending 123022)This past week was the last week of trading for the year and man, did it feel like it. The first two days of the week, Tues. and Wed., were clean. I noted earlier in the week that I wanted to see 3780 as an objective but, after being wrong analysis, the Daily Time Frame told a different story. It is at Equilibrium, which Price is likely to consolidate. So, with it being the last trading week of the year and Price being at Equilibrium, It was more likely for Price to have a Consolidation Weekly Profile.
Green Check = Correct Bias
Red X = Wrong Bias
Grey Circle = No Bias/Did not trade/Neutral
A bullish pattern unfoldingA consolidation pattern appeared in our model and this is amazing because this is a 2 years consolidation pattern which is quite rare to see.
Consolidation phases in the stock market refer to periods of time when the price of a particular stock or the overall market is relatively stable and not showing significant trends in either direction. These phases can be seen as a "pause" in the market's overall trend, and they can last for varying amounts of time. Consolidation phases can occur in both bullish and bearish markets.
In a bullish market, consolidation phases may be viewed as an opportunity for traders to take a break from buying and selling, or to reassess their positions and make any necessary adjustments. Some traders may see consolidation phases as an opportunity to buy into the market at a lower price, while others may choose to hold onto their existing positions until the market starts to trend upward again.
It is important to note that consolidation phases do not necessarily indicate a change in the market's overall trend. In a bullish market, for example, the market may continue to trend upward even if there are periods of consolidation along the way. As such, it is important for traders to use other forms of analysis, such as fundamental analysis, to determine the market's overall direction and make informed trading decisions.
Finally, this consolidatio phase is clearly limited by an upper trendline which could help us to trade this pattern.
If you buy in the consolidation pattern you can be trapped for months in a choppy market, but if you buy once the upper side has been broke, you can enjoy a fast rally with more probabilities. The zone between 1750 and 1800 looks great to take profits.
ARVSMART - Breakout after consolidation Long setupAs per price action, you can see clearly it has given a breakout with volume after 5 months of consolidation. So the probability is high to keep momentum and price go up by around 10%. according to my analysis entry should be above @325 and for reward wait to touch 10-15%.
Entry Price:- Above @ 325
Stop Loss:- below @299
Target:- 10-15%
GBP shortFX:GBPUSD
English: Hey, trader! Here we have the GBPUSD in the 4h time frame. I'm looking for a short opportunity. I think GBPUSD will just consolidate a bit and then fall with a strong dollar. I'll look for a retest on a resistance zone around 1.20300.There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey, Trader! Hier haben wir den GBPUSD im 4-Stunden-Zeitrahmen. Ich suche nach einem short Trade. Ich denke, GBPUSD wird eine weile konsolidieren und dann mit einem starken Dollar fallen. Ich werde nach einem Retest in der Widerstandszone um 1.20300 suchen. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Diagramms sehr schnell ändern!
DXY neutralTVC:DXY
English: Hey, trader! Here we have the DXY in the 4h time frame. The next days I think there will not be a nice trend trade. i think it will just consolidate until it breaks the trendline or it falls under the major level 104.000 . So be careful the next days finding the right entrys and the right exits. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey,Trader! Hier haben wir den DXY im 4-Stunden-Zeitrahmen. In den nächsten Tagen denke ich, dass es keinen schönen Trendhandel geben wird. Ich denke, es wird sich einfach konsolidieren, bis es die Trendlinie durchbricht oder unter das Mainlevel von 104.000 fällt. Seien Sie also in den nächsten Tagen vorsichtig, die richtigen Ein- und Ausstiege rechtzeitig zu finden. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Charts sehr schnell ändern!
DGSTACC: SPY MICRO ANALYSIS / CHANNELS CONFIRMATION & SUPPORTS In the chart above I have provided a simple analysis on SPY that takes into consideration channel confirmation estimated by using an average deviation in the two hour timeframe.
1. As you can see previous pennant support has been broken to the down side.
2. Forcing price action to fall down too 375 where price action has seen a STRONG DEMAND before in November.
2. With data from November, if price action is to be supported by 375 this would confirm sideways action is in play with a SUPPLY ZONE AT 390 .
3. Channel up above our current one found support between 390 AND 405 so one can also conclude that SPY likes to move between a 15 POINT DEVIATION month to month.
4. Break down of 375 can push us down into the next fibonacci channel of 360 - 375 .
Potential upside for the us100Hello traders
In the next trading session I watch us100 for a buying opportunity if I get confirmation the trade is executed
LICHSGFIN - Bullish Breakout with Strong VolumesNSE: LICHSGFIN is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
NAUKRI - Bullish Consolidation BreakoutNSE: NAUKRI is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
ETHUSDT ANALYSIS...Hello guys...
in higher time frame:
as you can see in chart, eth formed a pump movement and the correction almost %33 of last action...
after that price made a consolidation with several touch...
once break down that consolidation but it was just a touch to flip area (I show this as green circle)...
in my opinion eth continue upward movement until almost $1450...
but please wait for break up...
in lower time frame:
eth make a hidden gap in long bar candle it is good area for getting a little bit profit from short position...
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
INDUSINDIndusind is trading inside range of 1117-1175 from past one month & twice in past one month it reversed from 1168-1173 zone.
Although it looks like it ll break past upper end of the zone this time, but it would be better to trade only above 1175.
If it breaks past 1175 then its a buy with mentioned stoploss & targets.
Bitcoin getting ready to short-term trend (breakout)Bitcoin has been consolidating in a rather neat, orderly, and tight sideways range for 11 days.
It's about 11% off it's cycle lows digesting a landslide of negative headlines. This feels like it's ready to breakout sooner rather than later if I had to pick a side, it feels like the breakout direction favors the bulls — but as the saying goes — no trigger, no trade, so there's nothing wrong with staying patient and watching for the move.
I do have a long position in BTC and would add to it on a breakout.
1D/6h ETHBTC gives bearish signalsOverall more bearish signals over 2 timeframes suggest a drop so the 1D target is set at the next major support. The indicators show that the price has consolidated and is slightly below the middle of the Cosmic Gravity channel - for this reason the stop is set only slightly above the basis line.
#ANTUSDTPERP - Potential 11.5%#ANTUSDTPERP - Potential 11.5%
Entry Conditions:
- Break Of Local Trend + Retest
- Consolidation Breakout
- Volume Spike
- Holding longer term trendline support
- Trading above key moving averages (20DEMA + 50DEMA)
GBPUSD watch this levelEven though this multi-timeframe analysis gives mixed signals, the areas of GBPUSD consolidation are accurately shown by the indicators. On each of the 3 timeframes the main level to watch is the Cosmic Gravity basis line - price crossing above it will be a bullish signal and vice-versa.
BTCUSD - short term upside potentialBITSTAMP:BTCUSD has been trading in a downtrend for quite a while and had many investors worried. It is still in an overall downtrend but looking at lower timeframe, it seems to have stalled for now and looks like it could make a short upside move if it succeeds in breaking the resistance level.
On a daily timeframe, price is consolidating near the resistance level 17240. Volume is also gradually decreasing.
On 3H timeframe, price is making a triangle pattern and almost ready to breakout from it. You can also notice reverse head and shoulder structure and upside price moves with volume spikes. It indicates a presence of demand and we could see a nice short term move up to 18150.
Share your thoughts in the comment sections. Happy and safe trading! :)