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Consolidation

IWM [Russel 2000] Inverse Head & Shoulders & BreakoutThe IWM as seen from the chart has been forming a solid and strong Inverse Head & Shoulders. An Inverse Head & Shoulders is a strong Bullish Chart Technicals Pattern, that can be seen here. 2 Shoulders, and 1 head in the middle, making the low. I am sharing this idea, as it is a pattern which has been printed on the Russel-2000 this past week, and can't go unnoticed! The Russel-2000 Index has also been in a YEAR-long consolidation, and is ready to make a move one way or another. On the weekly time frame of the Russel, the TTM_SQUEEZE Indicator a momentum indicator that can also predict big moves has been flashing red (signaling squeeze) and that a big move is coming one way or another. AFTER This recent breakout attempt in November from IWM, and a retest of the bottom consolidation levels, the russel seems ready to bounce up with this inverse head and shoulders, or make a break down. I think this is something to definitely keep on your radar folks! Good Luck Trading! I am personally looking at playing this with either : IWM febuary monthlys OR $URTY a 3x leveraged russel ETF
AMEX:IWMLong
by ZachSap
XAUUSD Awaiting breakout, but not yetGold has is trading within a huge triangle, with a lower trendline support spanning back to 2018 and an upper trendline resistance spanning back to mid 2020, with a good number of clear rejections of these levels from each. Gold has just entered the upper boundary again, coming in with a little momentum this time, with RSI just breaking above 70 on the 4H. I expect to see another rejection in the area of this upper trendline back into the triangle to continue this huge consolidation, but price is getting wound tighter and tighter and may be due for an explosion in the near future. Expect to see a rejection from this level - which could be taken as a good risk/reward short with stop loss above the trendline - and price to squeeze further into the peak of the triangle, at which point we will be primed for a big breakout. Whenever it happens, the breakout of this triangle will be one to watch, and I'll be taking a position intending to following the trend in whichever direction it breaks out with the intention of a medium-term hold, which for me would be approx. 7 - 30 days.
OANDA:XAUUSD
by HayeTrading
20
First Shark Complete! 🦈🦈USDCAD - Nice looking shark here, completed at the .886 but stayed within the downtrend structure. Price is currently ranging but is looking like its going to breakout towards the first profit target the 0.382 (Which is again a very strong demand zone) Here I will also look to take buys if it reaches this level and we get LTF entry confirmation, and if price breaches/retests ill be looking to add more orders in down to the 1.13 D point. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Short
by benalistarfx
RISKY 10% DOUBLE TOPS TRADE ON THE EURO AUDThis analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a strong Tweezer Top to indicate the start of U-Turn on the Daily Chart, which would lead to completion of the Double Tops Signal. Once completed, it will take us lower towards a short-term Support that can be used for our first target. Thereafter, we can wait until the market provides us with another setup to trade towards the Support Boundary of the large Pennant Consolidation. Duane Swing Trading Master
Short
by shepherdduane
1
1M Bnb/Usdt - Bearish, consolidation or bull flag?There are many possible scenarios in play with Bnb atm. I still think that in the 1W timeframe it would start the bullish leg to new ATH around 900-1000Usd. But it is still possible that there will be a long consolidation period because monthly Stoch RSI is still going downward. Consolidation last time with the same levels of RSI took 8 months. 20W Moving average is 280usd atm. Do we touch this one before going up? There were lower lows a few months ago so it's still possible we get the higher low by touching MA20 and still get the bullish pattern in the long term. 50W MA is around 125Usd. Actually, Bnb would be bullish in the long term even it would go to that low. Not Financial Advice. Do your own research.
by TraderSpace
1
Sunteck realty positional viewThe stock of Sunteck realty has recently given strong breakout from its ATH levels of around 535. It has given a retest of the breakout level and currently consolidating from past few days. We can see a fresh upmove above 590-595 levels.Also, stock can be accumalated at current price and added on dips upto 535 as Realty sector is expected to perform good in the next 2-3 years This is just for educational purposes and my personal view based on technical analysis.
NSE:SUNTECKLong
by chartistamey
Bitcoin getting ready to make macro trend decisionIt looks as if we've reached the same scenerio as we did last July, where bear market is looming and reversal seems improbable according to the moving average. Looking back at the last cycle, we can see there was less consolidation with a deeper bounce and faster moving bounce. If consolidation continues and the wedge is broken to the upside, likely we will be in a period of extended consolidation as the moving average could negate breaking downtrend high's. So buckle up and relax. We could be in for a wild, or extremely slow ride. Feel free to let me know your trend prediction in a reply below. :)
INDEX:BTCUSD
by scalpedpotato