Consistent_Trades

Consistent_Trades

COIN recently had a nice oversold bounce and is now consolidating around the BigRed level, which is acting as a magnet line. After a few weeks of strength, it is now showing signs of weakness as it breaks below the BigRed level again and closes the day below it, which is bearish. Additionally, it has broken down from a symmetrical triangle, which is also...

Consistent_Trades Updated 

After the FOMO and hype, AAPL has arrived at its resistance level, which it has been unable to break for now. It has now formed a double-top reversal pattern, and with a break below the blue dotted line, the game will be over for AAPL and likely for the whole market as AAPL is a significant part of it. AAPL has also broken below the trend line that has been...

Consistent_Trades

Oil has been in a large falling wedge for the last year or so. Over the past three months, it has started to show some strength, as it has not yet retested the support of the falling wedge, instead finding new support at a trading line. It is impressive how the price is respecting the lower trend and new support line. Oil is currently in a symmetrical triangle,...

Consistent_Trades

DJIA has broken below the symmetrical triangle, indicating the end of the bull market. The price has dropped below the 50-day moving average and trend line with no significant support acting at all. This suggests a weak market with no real buyers while sellers are expected to enter soon. Smart traders are exiting the market, while most retail traders will panic...

Consistent_Trades Updated 

US 02Y is close to breakout from the bull flag. After reaching the top, the price of 2 y did consolidate but never dropped hard. After consolidation on this level, it seems it's ready to break out of the bull flag which would be very bullish for 2 Y but bearish for the market as a whole. Remember, even though a lot of retail traders follow FERD, they should follow...

Consistent_Trades Updated 

GOLD is overextended to the up and at the same time is in a very sharp rising wedge which if broken is very bearish for price. GLD is rising on facts that central banks are buying Gold like never before, but as it usually happens retail traders will hold a bag again. Central banks bought Gold at a cheaper price and several months later are saying they bought so...

Consistent_Trades

After an expected drop in gold and dropping out of the rising wedge which was analyzed on my GLD chart down below, gold is very close to finding support at this level. There are support levels that start to form in May of 2022 and did act several times as support. That was the resistance area in august of 2022 and the end of the year and now after the price did...

Consistent_Trades

SPY did break down from the rising wedge which is bearish. However, it didn't continue to sink hard what would be expected after dropping from such a bearish pattern yet it formed a bullish reversal candlestick pattern Hammer. There is also a chance for SPY it is the only Bull flag with the possibility of further rise. The sell signal will be active until it...

Consistent_Trades

PDD is in an interesting position for both bulls and bears. It is currently within a symmetrical triangle, which is more bullish than bearish as it is at the high of the leg. However, the price is currently trading between the 20-day and 50-day moving averages, and at the same levels as the trendline from the symmetrical triangle. Breaking above or below these...

Consistent_Trades

ED is a bullish and strong fundamental stock, so we would only trade it in a long position. Currently, ED is forming a very strong bullish pattern called a rising wedge after a rise-up. With prices breaking out of that pattern, the move could be very strong and fast. However, the advantage and disadvantage for bulls at the same time is big resistance, which is...

Consistent_Trades

Let's first check Bitcoin's beginning and wave structure from an early start to the ATH . It is very likely that bitcoin finished its impulsive Supercycle wave 1 in 2021. The whole of his era in the below analyses: Cycle Wave 1 (pink colour): This wave began from Bitcoin's start in 2011 and ended at a 2014 high. It had a nice impulsive structure. Cycle Wave 2...

Consistent_Trades Updated 

After a short squeeze one more time, bitcoin pumped into resistance and had major rejection yesterday, a huge shooting star reversal candlestick pattern. It run into the resistance level which start to form in summer 2022, BigRed, and 50 days MA which as I said in the last analysis won't be easy to break, even though FOMO is in the air. We have the first death...

Consistent_Trades

ETH just can't break this resistance level. It wicks above but each time got rejected. Yesterday it formed a huge bearish reversal candlestick pattern shooting start, signaling the trend could be over and ETH is due for a correction. The same story as with Bitcoin. ETH need buyers to step in and need them as soon as possible. Talking on Twitter and social media,...

Consistent_Trades

After a pump of 20% in 6 weeks QQQ found real resistance and after being in a big rising wedge now finally did drop out confirming the bull trend is over. After the exhaustion gap and hitting a resistance level, there was a sign that the market is due for a correction or a new bear continuation. Volume does confirm price action and trading ideas due to the fact...

Consistent_Trades

DJIA was in for a long long time in this huge symmetrical triangle and wasn't able to move in any direction. Now it's finally dropped out of it. Will it stay out and have a huge red day, we will see today, on Friday. Volume does confirm price action as it is much bigger on drop day, however, it is still below 20 days average volume. It is below 8 and 20 days MA...

Consistent_Trades

SPY looks really very bad. After 6-7 weeks of pumping up on FOMO's idea that FED will pivot or on the idea we will have a soft landing now finally traders are starting to understand inflation is still here and will likely rebound. So after CPI, Retail sales, and yesterday, PPI all said FED will have to go much above 5-5.5% with the FED fund rate. After SPY was in...

Consistent_Trades

PLD is a bullish/strong fundamental stock therefore would be traded only in a long position PLD after a very strong move up it is consolidating on lower volume which is a good sign for a bullish move. Friday's price gap was down below 20 days MA, the price continue to drop but the day finished strong. It formed a bullish reversal pattern hammer just above 20 days...

Consistent_Trades

FCF is a bullish/strong fundamental stock and would be traded only on a long position After a nice ride to the up, FCF runs into resistance at 16 even dollar amount and is now basing at this level. After a report, it increased its volume almost twice so this ride is confirmed by its volume action. Volume is confirming this stock wants to move and wants to move...