A very deep gartley pattern is possibly on the cards for next week on this pair. As it did not break the 78.6 retrace on leg A-B and also leg B-C did not break the 88.6 retrace i find this to be a valid pattern which follows my rules. with a very small stop loss required due to how deep this pattern is, this could be a great set up to keep an eye on for the next ...
Last post: June 21st. See chart.
Review: Price was approaching the resistance level.
Update: Price is still on its way to target the resistance level.
Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you ...
Last post: April 18th. See chart.
Review: Price had just broken out of the previous resistance level.
Update: Price went back below the resistance level then went into consolidation, but has since made new highs and broken a higher resistance level.
Conclusion: We will be looking for long opportunities following the next breakout.
Any comments or questions, ...
Last post: May 29th. See chart.
Review: Price was back at the support zone following good bearish moves. We wanted price to clear support and continue weakening.
Update: Price did not break support. Instead, it bounced off support, pulled back to the resistance high, bounced off resistance and is now back at the support zone.
Conclusion: This is very much ...
Last post: June 10th. See chart.
Review: Price was pulling back in the last post.
Update: Price has gone into a mini consolidation.
Conclusion: Standing aside until we get a breakout of the consolidation zone, but overall the trend is up.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! ...
Last post: June 6th. See chart.
Review: Price was testing the support level.
Update: Price has since come down to test the support level which includes the 50 simple moving average, and is consolidating between the support and resistance level.
Conclusion: Applying patience and waiting for price to break through resistance before considering long trades ...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is still in consolidation but has broken a strong resistance level and is now approaching the next area of resistance.
Conclusion: At the moment we have to stand aside. A break of the next resistance level will confirm a continuation of the previous bull trend and at that ...
Last post: Feb 28th. See chart.
Review: Price had broken a resistance level with a strong move to the upside.
Update: Price continued to trend higher but is now in a period of consolidation.
Conclusion: We will be waiting for a breakout of the resistance of the consolidation zone before considering a trade.
Any comments or questions, do not hesitate to leave ...
Could be poised for a decisive breakdown as price is testing the bottom of the regression trend channel / 200 MA
For a bearish confirmation i'd like to see the channel breaks as well as the Jan 2018 low
Keeping tabs as long consolidations often lead to big breaks
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price has just broken out of consolidation which lasted for several months.
Conclusion: We need to see price remain above the consolidation zone to make sure this is not a fake breakout. We will wait for the next breakout before looking for a trading opportunity.
Any comments ...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price has just broken out of the consolidation zone by a few points.
Conclusion: We need to wait for price to move higher then pull back and see another breakout to confirm this is not a fake breakout.
Any comments or questions, do not hesitate to leave them below. Hit agree if ...
Last post: March 25th. See chart.
Review: Price had broken support. The bears were showing signs of moving to 80.00.
Update: Price reversed, soon after breaking out, taking price into a consolidation.
Conclusion: Price found resistance last week and showing signs of bearishness again. Standing aside until 80.00 is confirmed as resistance.
Any comments or ...
Just Wedge Things - these corrections in the market are all fine, very predictable and part of this consolidation period. Looks to me like the real bull market won't begin until July or beyond to me, unless there's a sudden rush of enthusiasm in the news before then.
Sopheon PLC has progressed since our last post here where price was at £8.42, and now stands at £9.12 at the time of writing this post.
We have highlighted the area of consolidation which was from March 2017 to January 2018. The longer the period of consolidation, the bigger the trend may be that follows a breakout. As this period of consolidation lasted almost a ...
Burford Capital is still below the all-time high resistance which we highlighted in our previous post here, but it is still showing signs of potentially breaking out soon.
Since price hit the support level in March this year, it has gradually been pulling itself up. If price does not break out soon then we
may see it go into a period of consolidation. How long a ...
Unite Group has been in an uptrend since the end of 2011, experiencing a long period
of consolidation from August 2015 to October 2017.
During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very
difficult to trade and your capital is best used on stocks that are actually trending.
Patience here ...
Applegreen PLC is a fairly new stock, which floated on the London Stock Exchange in June 2015 at a price of £2.96 and has risen consistently ever since to the current price of around £5.72 (at the time of writing this post).
The Weekly 50 simple moving average played a part in supporting price as it continued to rise.
There was a nice trend from April 2017 to ...
We last posted on the CHFJPY on April 21st when several days of weakness had given momentum to the bears which were looking to take price through the pivot support of March.
The breakout did not materialise and, as has been a feature of FX, price instead found support and the bulls kept price within consolidation. The pullback to the upside lasted only 3 days ...
