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Fibonacciretracementandreversion

Does FFIE have another bullish move left? LONGFFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could retrace the trend down by 50% and end up targeting 2.30. The sequence of candles for the reversal setup are noted in the text box on the 30-minute chart. This is a potential 100% trade. The stop loss is the recent pivot low at 0.75. The Reward to Risk is about 4. The stop loss of about 28% will be moved to break even if the price gets over 1.35 making the trade risk-free thereafter. FFIE needed to rest but could easily resume with another leg of bullish momentum.
NASDAQ:FFIELong
by AwesomeAvani
10
LTCUSD Fibonacci Retracement LevelLTCUSD. Ideal entry is at the 0.382 Fibonacci Level. The Pin Bar close near that level. There was a gap that occurred on July 8, 2021 at 03:00. The gap represented horizontal support resistance level. Price closed in the area of the EMA 10 EMA 20. Price closed below diagonal trend level and retested that diagonal level as new resistance. Confluence: Diagonal Trend Line Level Gap (Horizontal Support Resistance Line Level) Fibonacci Retracement Level EMA 10 Dynamic Support Resistance Level EMA 20 Dynamic Support Resistance Level Pin Bar at Lower High
KRAKEN:LTCUSDShort
by TradeLive-
USD/JPY 4-Hour Analysis: Week's Close #1 (26 Feb 2021)The week ends with the market on the USD/JPY pair producing a high at 106.692. It approaches the weekly 50% major level of resistance with both a bearish divergence and a bullish convergence on the RSI, a conflicting information that induces us to think about a continuation in the bullish retracement of the previous weekly downtrend, but also keeping in mind that a double bearish divergence has higher probabilities and the market structure may show clearer signs of reversion to the downside, retracing on the current daily/4h move. In relation to pip advances, the current swing-high has already advanced +47.3 pips above the previous swing-high, which is greater than the previous advance of +45.1 pips, leading us to think that the current upwards move is slightly accelerating. That may be intentional by the market manipulators, in order to grab the liquidity of longs in order to fill their short orders. Bear in mind that individual retracements of each 4h swing-high are increasing, from 59.247% on the first swing, to 61.438% on the second, and lastly 71.806% on the third. If individual retracements on 4h swings keep on increasing at this rate, an over 100% retracement is possible, with price creating a lower low on the market structure, combining with an RSI convergence. All this price action and technical analysis can be considered for a moderate short bias. If you enjoy this analysis, please leave it a like and follow me on TradingView. Tell me what you think about this idea in the comments section below. Other than that, I wish all of you a nice weekend and good trading!
Short
by acsedward
Updated: EUR/AUD continue their trend bullish!!!In the previously analysis, I don't see that the price is continue up in H1 timeframe and I was more enfocous in H4 timeframe. But, now, I don't believe thae Euro/Australian Dollar goes to down. But, we see that EUR/AUD is toward the next resistance in yellow zone in Daily timeframe. So, the theory that I explain in this xcreenshoot could be to take in noticed in our mind. But, in any occasion, we would need to take another technical analysis to watch out. So, my target profit will be $1.6867 AUD. I hope that this idea is support you Good luck!!!
Long
by harisonhbn9718
2