I noticed this consolidation pattern on ACN. First, I would like to state that I am extremely bullish as an investor on the company. However, this looks like a promising short term trading pattern. The rough average of these consolidations since 2010 is 15%. A great return. Even the last two corrections (9.5% and 8.5%) were good. For me there' are too much...
After a slight weekend run up in price it appears for the moment we are about to re-enter a consolidation period. With BTC making new highs intra day traders that are looking to go into Fiat at higher BTC prices will be inclined to sell, however those looking to increase their BTC position or VRC position will be seeing the opportunity knock and strike when...
Looking at the DOW Jones Futures, I noticed a consolidation pattern forming. YM1! has been consolidating for the last two weeks or so, and it's next move in either direction will be a swift and powerful one. Introspectively, I am bearish on US Equities for a platitude of reasons, but I have to remain unaffected by my own personal opinions, and keep them strongly...
Good morning traders! I just got shot this CADCHF on a breakout trade. There is something that I like about this breakout and it is the fact that it lines up with structure looking left too. Meaning that a break of the pattern also means a break of the structure, and that is exactly what happened. Just got short, little late but on the same price. I will be...