Get started

Consolidationzone

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
LITE breaking out of a tight range with higher than average volu* Excellent earnings * Strong up trend in the long term * High 3-month relative strength of 2.61 in the Tech sector * High 50 day U/D ratio of 2.11 * Breaking out of a 3.31% range * During the consolidation the volume did dry up and as it started breaking out the volume picked up. Trade Idea: * You can enter now as the price is just breaking out of the tight range * If you're looking for a better entry you may wait for an entry opportunity near the $105.61 area
NASDAQ:LITELong
by HaseebKhan_90
1
WM is one to keep an eye on!* Great earnings * Very strong up trend * High 3-month relative strength of 2.55 in the Industrial sector * Pays out dividends * Has been in a tight range of ~3.94% for the past 5 to 6 weeks * Held up incredibly well during this time of market uncertainty Trade Idea: * There are a few plays you can do here since the 4% stop is quite a distance away: 1) Enter now if you can stomach a little volatility 2) You can look for a buying opportunity once it has broken and closed above $166.23 3) You can wait for a discounted entry near the $164.22 area 4) You can wait for a bounce from the $161.24 area. Any thing below $161.24 would negate this idea.
NYSE:WMLong
by HaseebKhan_90
Bitcoin & The Debt Ceiling Effect Welcome ! Feel Free to comment below Like and Follow me for future ideas ! Todays overall BTC is a little bit lower than this morning and roughly same point as last night you can see that btc is going sideways once again but there is always bullish things to talk about when it comes to btc and here is one that is indirectly related which is the Debt Ceiling and you know every time the Debt Ceiling goes up that means a couple of trillions more are going to be printed in the near future but you know and i know this isn't affect BTC indirectly because that as inflation gets worse and worse and worse and trust me it will get worse in 2022 we already seen effects of in 2021 So people are preparing they're putting their money into hard assets lie bitcoin. Mabye this doesnt have a medium pump effect but long term it will definitly help hard assets like bitcoin so this is being voted on and im almos certain its going to pass so be prepared ! -Mike
COINBASE:BTCUSD
by RocketMike111
2
Where is PLD headed next?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Built a 3 month base between $125.45 and $138.67 * After breaking out started to consolidate in a tight range * Slowly kept moving higher even as the general Real Estate sector was ranging during the same period * Broke out of the tight consolidation with higher than average volume Trade Idea: * Now's a great time to enter as the price just broke out of the tight range * If you're looking for a slight discount you can look to buy near the $150.90 area as that should serve as support * Even if the general Real Estate sector continues to range it seems like PLD will continue to move higher; given how it performed over the past three weeks.
NYSE:PLDLong
by HaseebKhan_90
CSX broke out of a tight range. Where is it headed next?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 8 month base between $29.71 and $34.26 * After breaking out it started to consolidate in a tight range creating a base on base pattern * Breaking out of the range with higher than average volume Trade Idea: * Now's a great time to enter as the price is very close to the broken level Caution: * A daily close below $36.25 would put the price back inside the range and expose $35.14 as support * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis. * Alternatively, a daily close below $35.14 would negate the idea
NASDAQ:CSXLong
by HaseebKhan_90
12
AJG looking to continue its moveI last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were accumulating during this time. The stock broke out with higher than average volume and is showing signs of continuing its move. Trade Idea: * Now's the right time to enter as it's not too far from its broken level. * If you're looking for a slight discount you can look for an entry near the $164.08 area as this should now serve as support. Caution: * A daily close below 164.08 would put it back inside the consolidation range. * A daily close below $160.21 would negate this idea.
NYSE:AJGLong
by HaseebKhan_90
BNL broke out of consolidationBNL had a pull back mid June and has since recovered to make new all time highs. Since breaking out it has been consolidating right above resistance hence making it a new support level. * New company * Steady up trend * Pays generous dividends * Broke above pull back with relatively higher volume (7.28%) * Creating new support level from the broken resistance * Price is at a great point! Trade Idea: * Entry at previous close $27.63 * Stop at $26.20 (~5%) * Target at $33.17 (~20% ROI)
NYSE:BNLLong
by HaseebKhan_90
Gold consolidation range After all the volatile news end of last week & Sunday night when Sydney & Tokyo session opened carrying on the momentum (session was already closed Friday so Sydney & Tokyo session missed it) Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone. Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases. The consolidation range is roughly between 1725-1750 Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!
TVC:GOLD
by UnknownUnicorn1722686
1