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Consolidation

Expecting a bullish move at the end of this consolidation to tesExpecting a bullish move at the end of this consolidation to test the all time highs. Key Factors -- Key support is being tested now. -- A push to get more sell side liquidity from the "Whales" could see a spike down to the 39k area. -- A more gentle accumulation would be in the mid 40s (433 - 47k) Range. -- There is divergence appearing on the RSI. Implying that the selling pressure is getting weaker, while price is falling.
BITSTAMP:BTCUSD
by DazMoP
1
GBPUSD With a Breakout Above the RangeDemand for the pound rose today following the publication of better-than-expected services PMI data in the UK for February. This prompted a breakout above the upper limit of the consolidation range. The range spans between the 61.8 per cent Fibonacci retracement level at 1.35999 and 38.2 per cent Fibonacci at 1.35077. The next target for the reinvigorated uptrend will be the previous swing peak at 1.37500, though an intermittent pullback to the resistance-turned-support at 1.35999 is also possible.
Long
by Trendsharks
1
Ford seems to be finding a bottomFord Motor Company F Areas of interest: Consolidation: 1) $19-20.50 2) 17.52-18.59 Breakup at $21.50 Breakdown at $16.49 Recent overhead gap between $18.46-19.89 Reversal candles seem to be appearing in the lower consolidation zone (2) on the 3 day chart - almost looking like an inverted hammer but not enough wick to truly label them as such. Indicators show us on the 3 DAY chart: Currently trading below the 12 and 26 EMA The 12 is above the 26 but appear to be attempting to cross soon if bears take control and push the stock price below consolidation 2 (listed above) Currently trading above the 50 MA The 50 MA recently has acted as support and seems to have help stabilize the stocks price into consolidation for the past 1.5 weeks of trading Observations from a bull and bear side: As a bull, I (obviously) want to see the 50 MA hold and to see divergence of the 12 and 26 EMA (to the upside) to shake any fears of a potential cross under (12 under 26). Recapturing $19 would be my first target. A break and hold of this level will signify an attempt by the buyers to send the price of Ford back to its consolidation zone. This is needed in order for Ford to breakout and create NEW structure. The previous attempt was rejected as the price moved too fast to levels not seen in 20 years. Remember, there is such thing as a 20 year bag holder. Employees, insiders, investors, retail, shorts, etc. A blue chip company like this needs to gradually climb, in stairstep manor, creating small consolidation periods where the market accepts small movements one at a time. That said, I would love to see Ford make use of its previous consolidation zone to prep for the next level. In my opinion, this would be $21.50-22.50. As a bear, a break below the 50 MA while considering the breakdown level of $16.73 should be watched. A break below 16.49 would potentially send Ford down to it's PREVIOUS structure between $12.38-16.49. I want to highlight this only to prep for the potential this could happen -imo it is unlikely unless the entire market continues to slide further into a true recession/crash. For this fact alone, either selling covered calls at this breakdown level or buying puts would be a good way for Ford longs to fight against this scenario. Most recent news - I will makes this as UNBIASED as possible: 1. (RUMOR) - "Ford is considering separating its electric vehicle business from its legacy operations, Bloomberg reported Friday." www.thestreet.com 2. (Heavy Bullish Opinion Piece) - "The legacy automaker has copied from its great rival a method which makes it possible to have updated cars regularly and to reduce costs." www.thestreet.com 3. (Bearish Facts, sorry Bulls) - "New Broncos Are Reportedly Sitting Undelivered Due to Chip Shortage" www.roadandtrack.com 4. (Interesting way to approach safety) - "Ford’s latest road safety idea? In-car sounds of pedestrians and bike bells" road.cc 5. (Counter to #1) - "“We have no plans to spin off our battery electric-vehicle business or our traditional ICE business.” www.barrons.com 6. (Consumer Report top EV pick awarded to Ford) "Ford Mustang Mach-E Is Consumer Reports' EV Top Pick. The Tesla Model 3 won the award for the last two consecutive years." insideevs.com 7. (DON'T count out NASCAR, man) www.nascar.com 8. (New turbocharged inline-4 SUV) - www.motorauthority.com 9. (Not sure how this will play out, probably BAD PR tbh) - "Ford says it's working with unvaccinated salaried employees before rolling out unpaid leave plan" www.wxyz.com 10. (Ford building new plants) - www.autonews.com 11. (Fords push to EV and battery solutions) - "Ford, Volvo join Redwood in EV battery recycling push in California" www.reuters.com
NYSE:FLong
by OccamsPhazer
19
[GBP/JPY] - Potential MASSIVE BreakoutIt appears that GBP/JPY is in a very interesting situation. From one perspective, price is approaching both major resistance and a major trendline which signals a potential bearish entry. However, in a different perspective, price now has the opportunity to have a major bullish breakout being that bearish price action has weakened throughout the months and no lower lows have been created since March of 2021. Could this weakening of bearish dominance be a foreshadowing of a major bullish breakout or will price respect this important area of resistance and reverse towards the downside? Which team are you in? Are you a Bear or a Bull? Let me know what your opinion is in the comments below!
by alphalicious
19
$NXMH Gains Multiple Big Investors Restricted @ 2X Current PriceOn January 31, 2022, White Knight Co., Ltd., a Japanese Corporation, owned and controlled by Koichi Ishizuka, sold a total of 999,999 shares of restricted common stock of Next Meats Holdings, Inc., a Nevada Company, at a price of $2.63 USD per share, to two Japanese Citizens, both of whom are not considered to be related parties to Next Meats Holdings, Inc., pursuant to Regulation S of the United States Securities Act of 1933. Koichi Ishizuka is an Officer and Director of Next Meats Holdings, Inc. archive.fast-edgar.com/20220202/A7Z2622CZ22ZP2Z2222O22ZWEVVOXZ2S7242/ Over the last month $NXMH has dropped several filings similar to the one above indicating investors have taken huge positions in the stock with restricted shares at 2-3x the current price. It is also collaborating or possibly the shell umbrella company for Wayback Burgers Restaurants and Dr. Foods Inc. both of which is estimated to pull in substantial revenues. With these filings in, it is only a matter of time before the shell status is removed and the real fun begins here. With the current float, $30-$50 is a possibility, but to be on the more conservative side I would say $15-$20 for the first year. It reached $14.50 early in 2021 so anything is possible. Looking forwards to the future of this great company.
OTC:NXMHLong
by StockGuild
XRP - The Trend Has Started To Reverse To The UpsideXRP has held the lows and with recent BTC pump it is safe to say that we have reversed from here. We could still hang out at these prices for a bit but not very long. I still expect prices to pause at certain trading ranges (colored boxes) but generally not for long as we have accumulated long enough to eventually expect parabolic rise of some kind. I am not a financial advisor so none of these should be taken as a financial advise. Be well. BINANCE:XRPUSDT
Long
by AVA37
6
CRWD Bearish Consolidation? CRWD is off a little more than 30% from its highs. After a nearly straight line down, it has found buyers and shown consolidation. We are currently waiting for consolidation to break and provide direction. On the short side, we are looking to short near 210 down to support at 180 with a second target at 170 fib support. The stop on this short would be above 214. You could also take a long position above 212 for a trend reversal. The target on a reversal looks to be 225. Current trend is down so I am short biased and awaiting breakout confirmation.
NASDAQ:CRWDShort
by Decam9
BTCUSD Elliott Wave Forecast - Wave 4 Bullish Hidden Divergence*Re-post* Previous idea got removed. A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below). In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum indicator shows a lower low. This can usually be spotted towards the end of a correction indicating that price may soon rally. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
BITSTAMP:BTCUSDLong
by BeyondEdge
5
$CHD ready to move higher after breaking out of ~17 month base?* Excellent earnings quarter over quarter * Very strong up trend on the monthly time frame * High relative strength of 2.75 in the Consumer Defensive sector * Pays out a quarterly dividend * Breaking out a ~17 month base * Both monthly and weekly candles show a large bullish hammer candle * The weekly chart used the base resistance of $97.53 as support and mad a very strong move higher on earnings today Trade Idea: * Now's a great time to enter as the price is just breaking back higher. * Held up very well during a massive correction. * If you're looking for a better entry you can look for opportunities near the $100.7 area as that should serve as a temporary support level.
NYSE:CHDLong
by HaseebKhan_90
9% RATE OF RETURN ON EUR USD BREAKOUT REVERSALThis Video analyzes the trade result of 90 Pips (a 9% Return) that was captured on the EURUSD, as the pair continued the False Consolidation Breakout Reversal that took place on the Daily Chart earlier this week. The main Technical Factors that supported this trade are analyzed using the relevant sections of my Trading Manual, so that you can know how to take advantage of similar setups in the weeks ahead. Specifically, the video describes 1. How to Accurately Identify Consolidation Setups (Page 25) 2. Why you should always trade setups that are in sync with the Main Trend Direction (Pages 32, 33) 3. Predicting the Formation of Consolidations and Breakouts (Pages 34 to 45) 4. Rate of Return and Holding Period Requirements 5. The Discipline to Hold Trades for a Few Days It is very important to be able to accurately identify the profitable setups provided by the Daily and 4 Hour Charts each week. Once you can do this and have the patience to hold trades for a few days, you'll be able to enjoy Rates of Returns of up to 10% Per Trade on a regular basis each month! Duane Swing Trading Master
by shepherdduane
$SOXX SEMI CONDUCTOR STRENGHT WILL NOT BE DENIEDI like the setup I am seeing for resolution to the upside for semi-conductors here. I do have one concern but I'll address that shortly. On the left is a weekly candle chart of SOXX the iShares semi-conductor ETF. The upward trendline from the covid-crash trough is firmly intact. The 100 Day EMA has proven to be key support. The index started consolidating the second week of November after a 10% move up the previous week. The index has been in that consolidation period ever since - perfectly normal and healthy. During the consolidation phase a support level around $516 has been established. What I don't like are the upper wicks on the candles during this consolidation phase. It shows that prices have not been able to breakout to the upside despite trying to push higher. If your looking for an entry, either a level down closer to support or a close above the upper wicks would be a better spot then where the index currently sits. I do believe that the current evidence points to a breakout of the consolidation. Here's my case: 1) The long term uptrend is firmly intact. 2) Consolidations are continuation patterns. 3) Relative strength to the broader index (soxx/spy) is testing a breakout level after forming a deep base that goes back nearly a year. 4) After a tough chop-filled week in the markets XLK showed relative strength to SPY on Friday's close. The majority of the names in the XLK that outperformed it's sector were semi-conductor names. 5) XLK/SPY showed a move higher before getting to previous support - relative strength improving due to semi-conductor names in the XLK. Links to my watchlists: SPY Sectors - www.tradingview.com XLK Holdings - www.tradingview.com SOXX Holdings - www.tradingview.com Toggle by change% and everything above the index ticker outperformed for the day.
NASDAQ:SOXXLong
by Breakout_Charts
EURUSD Once Again on the RetreatThe price action of EURUSD retreated back to a broad consolidation range spanning between the major support level at 1.12850 and major resistance at 1.13850, following a false breakout. The dropdown is currently taking the shape of a descending channel, and the price action is temporarily consolidating just above its middle line. Given that the underlying bullish momentum is waning, as demonstrated by the falling histogram of the MACD indicator, the dropdown is likely to be extended towards the lower limit of the consolidation range. That is why bulls should not consider entering long before the price action probes the 1.12850 threshold.
Short
by Trendsharks