nvda long confirmationnvda corrected in 4 hours or the correction fails to break the last low at 115. big support in 1d for more than 2 years.
breakage from the top of the compression zone
Compressionpattern
Ethereum Let's go for Ethereum $4000 or Ethereum $3500!!?
what do you think?
We have HH and HL on the chart so far; In other words, we do not have confirmation for a downward trend (((currently))). The resistance range that we had on the price area of $3943 has also been completely consumed.
As the resistance areas are consumed, the way to continue the upward trend is opened.
Now, on the price chart, a compression movement has been formed in the 30-minute time frame; Provided that the price range of $3,628 is maintained, there is a high possibility that we will get out of this compression from above.
But we have to be careful, the possibility of getting out of this compression from the bottom is not small. Especially since currently 68% of Ethereum holders are in profit.
Solid Small Caps for EarningsAnyone finding interesting setups in small caps this earnings season?
These often have more reliable patterns for swing trading. Since they are largely under the radar of the retail crowd, institutional patterns can be clearer.
NASDAQ:CERE is an example of a stock coming up in TechniTrader scans today. It has 88% institutional holdings. A compression pattern is developing. HFTs have been in it recently, possibly due to intermittent accumulation. The strengthening of the sideways action is particularly visible with the RSI indicator.
Dark Pool accumulation tends to cause controlled sideways patterns like this, a key ingredient for what we call Relational Technical Analysis at TechniTrader.
Because this has had a swing-style run out of the last compression pattern at a low in this longer trading range, a swing trade could be considered on the breakout, either above today's high or above the last resistance level for a more conservative entry. (Green lines on the chart) My target would be 31, but of course I'd be watching for exit signals or an extreme pattern to take profits early. Stop loss at the red line on the chart.
A more aggressive trader could look at an entry ahead of the close today if pro trader patterns emerge in the last 15 minutes with an exit shortly after the open if a run or gap up develops for an EOD to FOD trade.
Happy Trading!
Guest author: Mele Ainuu, Senior Technical Analyst, Student Support @ TechniTrader
SNXUSDTHello dear friends
✔️ The long-term downtrend line has been broken.
At the same time, we have a positive RSI divergence in the daily time frame.
✔️ The support range ($1,523) is well maintained.
❕ If the resistance range of $3.6, which is a very important area, is completely consumed, the situation will become very attractive for us.
Considering that LL has not been formed on the downward trend, if a higher high is formed in the lower time frame, it can be a short-term confirmation.
What do you think?
BTCUSD potential short setup and alternativeBitcoin currently trading within a compressed pattern while clearly making new lower highs and lower lows.
Might have a high probability if the lower band breaks that bitcoin will look up the 25k range before finding some upward liquidity again.
EURUSDHello friends
On the daily chart , we have a kind of tight movement, the positive divergence of the RSI can be a kind of signal for the price to exit from the upper side, from this compression.
Provided that the current price trend is above the range of $1.02244, the possibility of the continuation of the upward trend up to the yellow range ($1.13871) will be strengthened.
What do you think?
MANAUSDTHello friends
On the four-hour time frame, we have a harmonic pattern combined with tight price movement. If the current trend is above the orange range ($0.6994), there is a high probability of forming an upward trend similar to the drawn scenario.
Don't forget the damage limit!
What do you think?
XAUUSDHello my dear friends
We have a kind of intensive movement in the daily time frame along with the positive divergence of the RSI!!!
If the current trend is above the $1,736,915 range, the possibility to break out of this compression from above will be strengthened for us.
We are happy to hear your comments
AMD: Compression PatternCompressions patterns are an important one to watch for in sideways action like a bottom formation. These form as buyers gain dominance over sellers. I'd like a tighter consolidation to develop at the current resistance for lower risk for entry on the breakout.
Gold Spot / U.S Dollar 1D looks bearishThe pair is currently bearish and hopefully, it will go down to get some profits
AUDCAD looks bearish1. HTF: Broke above a downward trend, retesting support but could not break it. We are the HTF Support Zone also marked on the chart
2. LTF: We are currently on the SUPPLY ZONE, we should have a sell outlook
$BTCUSD UpdateI entered my second position on BTC just below $45,000. I am holding with a bullish bias.
I have been asked to share some analysis recently and an update on my thoughts as to what the price is doing following some resistance at $60,000 and support at $48,000.
I have carried out some extensive testing on this instrument against other currencies and I have also tested this compression channel on 4 of the currency pairs I trade it on which include EURUSD, AUDUSD, NZDUSD & USDJPY.
All have great results.
This happens to be the strategy I have used on both of my long-term BTC entries which you can read about and watch elsewhere.
With this particular compression channel, I have found that there is a 77% chance of extending beyond the initial high (compared to a 71% chance of retesting the initial high on my other currency pairs).
I have also found that before the extension there is a higher probability of an initial decline before the rally.
Anyone looking to trade this market could look to set a buy stop to catch the breakout. If you take this approach, you have to have a position for the stop loss which I have found to decline on average 20% of the initial high before carrying on upwards.
OR
Wait for the decline then get in at a better price. The downside to this is missing the move. (This is always my approach as I would rather have less risk)
Either way, I'm confident in my long-term position following my last position of 657% ROI.
Next level of resistance I am predicting is - $65,000
I believe we will see $100,000 by the end of this year.
BTCUSD | PREDICTION ON WHEN THE BULL RUN WILL COMMENCE Morning Traders,
As we saw yesterday we were too early to the run to the 50k level and consequentially the 1.5tr market cap.
I have marked out and illustrated how i see price action playing out, I will be watching structure to determine how we progress.
The Illustration suggest we will get a compression on volatility which leads to an expansionary move to the upside.
How I will determine if this is the case, I will be watching for fractal nature.
overall still macro bullish for now.
what's your thoughts guys, agree disagree?
Compression FormingA Compression pattern is forming with an upward bounce. upward sentiment is building.
Compression looks to be shortAnalyzing a horizontal compression pattern to determine future movement.
Looking at MACD and Volume to support prediction. MACD indicates a possible downward bounce and Volume is lowering into the weekend as expected but over the course of the week volume has lessened intensity.
All three of these combined trends are suggesting support is weakening and over the next week i suspect the EURUSD pair to be short, retouching previous lows.
GBPUSD SND Compression + QM Chart Pattern : SHORT OppurtunityTF: 4H
price climbing in a compression/zigzag mode. approaching the supply area.
clearing all the SND zones while doing the climbing.
Pro to Shorts at the last SND Zone.
TAYOR
RISK: 3%.
keep your SL small and risk tight.
AUDUSD prepare to SELL! Just an idea!Now we have the potential to make SELL actions. where AUDUSD as we have seen, is currently experiencing a compression pattern. Where we also have a valid and still fresh supply area. you can place pending orders at the level that has been prepared in the picture.
Happy transactions, and don't forget to enjoy preparing for the Christmas and New Year holidays.
Best Regards,
Don_Hawkish
FMC Compression Pattern at New All-Time HighFMC is in a tight sideways formation at its new All Time High. The compression of this pattern often precedes a sudden breakout.
KLAC Compression Pattern Ahead of Earnings SeasonKLAC has hit a new all-time high and is now in a tight compression, even as Dark Pool Quiet Rotation™ continues.
NKE Compression Pattern Near Highs of the Trading RangeNKE shows price has compressed into a tighter candlestick pattern formation near the highs of its long-term trading range pattern. The compression has minor Dark Pool Quiet Rotation™.
MSFT Compression Attempted Breakout FailsMSFT has been in a tightening compression pattern that failed to break out and maintain a higher price. The stock has been under heavy Buyback mode over the past several months. Dark Pool Quiet Rotation™ continues.
AKAM Trend Compression PatternAKAM is showing compressing price action as it shifts sideways after Buybacks move price upward. Flow of Funds indicates continuing Dark Pool Quiet Rotation™ as price rises.
