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Pullback

Pullback Trade in Global Health Ltd (MEDANTA)Stock Analysis Global Health Ltd (MEDANTA) is forming a double bottom pattern. This setup offers a very favorable risk to reward ratio. Trading Strategy Entry Point: Look for a breakout above the 1500 level. Target and Stop Loss: Levels are plotted on the chart for guidance. Stop Loss: Set your stop loss as indicated on the chart. Target: Follow the target level for potential gains. This pullback trade setup looks promising. Monitor the breakout and trade accordingly!
NSE:MEDANTALong
by We_Learn_Investing
JASMYUSDT Idea- PullbackHey traders! JASMY has been on a strong run lately, reaching highs of $0.2890 on the daily and 4-hour charts. However, it's natural for any asset to experience pullbacks after a significant climb. In this case, JASMY found support around the 50% Fibonacci retracement level, which often acts as a historical buying zone. This area also coincides with daily resistance, indicating a potential turning point. The good news? The bulls (investors hoping for price increases) seem to be back in charge! After the price correction, JASMY has shown renewed momentum and could be headed towards the $0.35600 price range.
by Arash-RK
MJ ETF: A Bullish Opportunity in the Cannabis SectorSummary: The MJ ETF (ETFMG Alternative Harvest ETF) is shaping up to be a highly promising investment, driven by favorable regulatory developments and robust technical indicators. The cannabis sector is on the brink of a significant boost with the potential reclassification of marijuana from Schedule I to Schedule III by the DEA. This regulatory change could act as a major catalyst for MJ, which offers diversified exposure to leading companies in the cannabis industry. On the technical front, MJ has shown strong bullish signals. The MACD line has recently crossed above the signal line, indicating upward momentum. Additionally, a recent close above the fractal suggests a potential breakout, with the price pulling back to the fractal level, presenting a buying opportunity. Moreover, MJ has closed above the first resistance level (R1 at $4.50) and above the conversion line, reinforcing the bullish sentiment. With MJ currently trading at $4.31 and a conservative take profit target set at $6.55, the trade offers an estimated return of 51.96%. This trade strategy aligns well with moderate risk levels, given the ETF’s diversified nature and the positive outlook for the cannabis sector. In summary, the combination of regulatory tailwinds and technical strength makes MJ a compelling buy. Investors should monitor market news and technical signals closely to capitalize on this opportunity and optimize returns. This trade provides a balanced approach to risk and reward, leveraging both market developments and technical analysis for potential gains. Key Points: Current Price: $4.31 Take Profit Level: $6.55 Expected Return: 51.96% Catalysts: Regulatory changes, sector diversification Technical Indicators: MACD cross, close above fractal, pullback to fractal, close above R1, close above conversion line
AMEX:MJLong
by aaronkaltman
All time high! Dow Jones bricht die 40,000-Marke! Der Dow Jones Industrial Average hat Geschichte geschrieben und kurzzeitig die 40.000-Punkte-Marke zum ersten Mal überhaupt durchbrochen! Diese bemerkenswerte Leistung unterstreicht den starken Aufwärtstrend, der den Markt derzeit antreibt. Lass mal einen kurzen Blick darauf werfen. WHSELFINVEST:WALLSTREETCFD Gleitende Durchschnitte bestätigen Stärke: Der Kurs des Dow liegt deutlich über seinen 50-, 100- und 200-Tage-Gleitenden Durchschnitten, was ein starkes Indiz für einen anhaltenden Aufwärtstrend ist. 40.000: Psychologischer Widerstand? Auch wenn der Ausbruch zweifellos bedeutend ist, ist es ratsam, einen sofortigen Einstieg mit Vorsicht anzugehen. Die 40.000er-Marke könnte als psychologischer Widerstand dienen und möglicherweise zu einer Konsolidierung oder Rücksetzern führen, bevor der Aufwärtstrend sich definitiv in Richtung neuer Höchststände fortsetzt. Trendkanalanalyse: Der Trendkanal auf dem Tages-Chart, der die Aufwärtsdynamik seit Ende Oktober 2023 nachzeichnet, zeigt den aktuellen Kurs in der Nähe der Mitte des Kanals. Diese Positionierung ist ein weiterer Hinweis auf einen anhaltenden Aufwärtstrend, könnte aber auch auf einen möglichen Rücksetzer auf die Unterstützungsmarke von 39.000 hindeuten, bevor sich die Rallye möglicherweise fortsetzt. Interessiert am Handel mit einer breiten Palette von CFDs? Werf einen Blick auf unsere Website !
WHSELFINVEST:WALLSTREETCFDLong
by WHSelfInvest
SOXL: Tactical approach to scale in and outStudying recent price action in SOXL (3X ETF on SMH - semiconductor segment). Example of an uptrend that ended (as defined by 34EMA wave), and then a retracement from 200MA back up to the 34. In this scenario, be cautious about buying into the bounce as it can often drop back down after reaching the 34 again from the bottom. Past support becomes current resistance. Capture gains tactically but exiting a portion of the position once reaching that potential resistance, and again if the breakdown does occur. Determination of what is considered a breakdown, and how much to reduce is suggested as 2 candles showing downtrend, and 50% reduction.
AMEX:SOXL
by cch31
Pendle and the missing Fib - potential for a 30% correctionI like Fibs. Especially in crypto. Wherever I see a well-defined and significant run up or run down in the historic price action I draw some basic extension Fibs (yes, sometimes upside down as well - I don't care...). Then I check whether these Fibs have historically been, and are being, acknowledged. If so, then that set of Fibs is what I use for trading. As I need some historic price action to feel comfortable, I'm not particularly interested in new crypto's and, as usual, I made it to Pendle well and truly late for the party (little green arrow shows where I finally got in). But what saw I liked. Pendle responds really well to one particular set of Fibs that are the upside down extension Fibs of the original run down from late-2021 to mid-2022 (see weekly linked chart of Pendle's full price history below). All the Fibs from this set that the price action has encountered during its meteoric rise have been properly acknowledged - except for one... After duly acknowledging the 1, the 1.618, and the 2.618 fibs (white circles), the Pendle price action completely ignored the 4.236 fib in late March (orange circle)! This took me by surprise as I clocked out and cashed in my chips at that level (red arrows). Damn! Needless to say, the next fib on the list, i.e. the 6.857 fib, is where the price stopped. Now, you can call me superstitious, but I believe that there's NO WAY that Pendle can keep going up without first coming down. :) Bitcoin is still on a sideways wobble and I'm expecting it to correct just that little bit more before the deck is cleared for a further run up. If so, then I expect this to be the perfect opportunity for Pendle to do what it is supposed to do and come down to recognise the 4.236 fib in this set! A proper acknowledgement would be a spike down and a weekly (or at least a clear daily) close on or near this fib level.
CRYPTO:PENDLEUSD
by Fractaleer
1
Dollar, VIX, Gold & Silver are Spiking! What Could This IndicateTraders, In this video I'll cover the spikes we are witnessing in the dollar, fear, and precious metals (specifically gold). We'll discuss what this might indicate to us from a geo-political/macro-economic perspective. Inflation continues to tick up. The SEC continues to attack big players (tokens/coins) in the crypto space without providing rules for how to play fairly. We'll track the current progress on stocks pulling back. Bitcoin dominance had done something it has never done before. Meanwhile, Bitcoin continues to track sideways while altcoins continue their deeper pullback. Plus, I'll analyze Ethereum Classic and at the end of the video I have some news from my followers. P.S. - Minutes after producing the video, I read that Iran plans to attack Israel. The charts were telling us something. Is this it?
TVC:VIXShort
by stewdamus
BTC UPDATE !After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the $69,240 zone (high-risk). Target the first support level at $66,500. Target the second support level at $63,800 if the ascending trendline breaks. Important factors to consider: Market sentiment and news Volume and price action Support and resistance levels Overall market conditions Disclaimer: This is not financial advice. Always do your own research and analysis before making any trading decisions.
by Crypto-Oracle1
SEI - A Technical Analysis - New High is Breakout or Fakeout ? BINANCE:SEIUSDT (1D CHART) Technical Analysis Update SEI is currently trading at $0.9030 and showing overall bullish sentiment We are seeing confirmed breakout from the resistance zone. Currently price is heading back to its support level (Previous resistance level), we can expect the price to bounce back after hitting the support level. Enter 50% of the position now and rest after the pull back. Entry level: $ 0.8468 - 0.9034 Stop loss level: $ 0.6529 Target 1: $ 0.9982 Target 2: $ 1.1195 Target 3: $ 1.4870 Target 4: $ 1.9038 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
The trendline magnet.The weekly candle that closed yesterday shows how buyers are almost eager to buy on every dip. More fud will be needed to create an intermediate correction (greater than 3-4 weeks), something that could be seen as a small catastrophe by the market, for now the rise does not seem to want to weaken, which happens in trends that have directionality and volatility, a winning mix for those who trade on btc or in general. But all that glitters is not gold, sooner or later a resistance like this trendline will be found, which is working well, attracting the price as if it were a magnet, in an area where we have no reference, once the highs are broken historical ones we navigate by sight, not knowing where the most respected levels are. Some use Fibonacci which is a very useful method in these situations, but it is not infallible, therefore entire movements or bullish "legs" are often left without being exploited. I am trying a new method that combines price and time, unfortunately there is no way to know what the period highs will be, but you can establish "when" to close a position. The advice I always give is that the position should be closed in fractions when you don't know what to do, first eliminating the risk and then closing small portions as prices rise. Everything is subjective, it always depends on where you entered and above all when you entered by buying or opening a position on derivatives.
BITFINEX:BTCUSD
by Melupira89
SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations: SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend. The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart. If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot). Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666. SMA 200 can play a pivotal support role for SAVM Conclusion: The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
by behnoudt
3