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Retracement

Triangle Pattern formation in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The upper Trend Line should be broken with the good volumes is the only concern! >Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA. >The 4 Supports Levels are significant because they represent the higher low's formed in the above triangle. >Let the break-out happen first, then entry is what I am planning or else if you want to enter it now go by the stop-loss I gave. >The Stop-Loss is some what more but it is favorable when compared to RRR which is '2.02'. >The first Target would be the 52w high. Let's Watch with patience!!! ***Container Corporation of India Limited (CONCOR) is under the ownership of Indian Railways, Ministry of Railways, Government of India.
NSE:TCILong
by AxionAjay
KR SHORT IDEANYSE:KR KR made a big move this week after the Q2 earnings call. I believe that it is now overextended. On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped below is the suggested trigger for a reversal of 26.5 Trading volume is about 250% of the average on Friday overall while concentrated on the early morning rapid trend reversal and late afternoon profit taking. I will look to capitalize on a quick downtrend correction with a put option with 5DTE below the current market price for maximal return albeit with the added risk of time decay.
NYSE:KRShort
by AwesomeAvani
1
BTC SHORT? Maybe I have been looking at these charts for too long but this looks good to me. If nothing more then part of it completed. Technically it's too soon to consider this because if you look up still plenty of room, but without some retracement is unlikely to me. We are also about to enter2nd MM Killzone. We just tapped the ceiling so, tapping the floor seems logical. I am just messing around not risking much on this trade. Don't have to risk much if it even half is right. As of now we are still very much in an uptrend and we technically made a higher high which makes this trade about absurd and against the trend which is not the best thing to do in most cases. I opened the position cause something on a volume footprint chart that was out of place. It indicated to me we could reverse soon. This probably is not the smartest trade, but I have never been great at following the crowd. Even funding rates are positive and predicated rates are positive. 24500 Is a massive supply zone or resistance if you prefer. It has a ton or orders stacked there. 25000 is the heaviest looking at it from a market maker view. There is almost no support below volume or limit order wise. Below 23600 is empty at the moment it would move through there with haste if it gets there. If this has already started by the time this is published you can always find a pull back and enter the new downtrend I believe is going to form. Lets see how it plays out. My long that just completed played out wonderfully. Wish I had published that one. I only published it private cause I had my personal levels on it I have since removed. We just 10 seconds ago enter KZ2 I mentioned earlier. Lets se what happens and who gets taken out. Good luck. Looks like it already started, sorry for late post, but it could very well come back close to entry a few times yet. Oh and I know that's not the traditional way to use FIB levels, it's something I use just to mark areas of value. I use the volume profile more. Set TP at higher volume locations.
Short
by Z3R0-G3N3S1S
2
BTCUSDT wants the local retracement?the price got the liquidity from the demand zone as I said in my previous idea where we were waiting for a clear breakout of 20k resistance. How to approach it? We could see a retracement on the Fibonacci level in order to grab a new long position for a new breakout from 22k, where the market has a strong resistance. So if the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
USDJPY It will retrace to Support ZoneWelcome back! Let me know your thoughts in the comments! **USDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
Has inflation really peaked? Not so sureWe have been inside this green triangle since 1915. The downtrend line has been tested a few times and this is the first year it actually went past it and recently came down for a retest. Hard to feel like inflation has peaked also considering oil is still in an uptrend and the Fed couldn't have been more hawkish in the last Powell's speech, so we may be up for a rough surprise in tomorrow's CPI report. The Fib retracement points at a possible 12.50-13.00% inflation read, let's see what we get.
ECONOMICS:USIRYYLong
by NightCommando
BTC Will Probably Stay Boring For A While Before Retracement.As we have finally showing solid signs of bottoming, i would say that we have entered a wyckoff accumulation pattern at the lows. We've done something similar in 2015 and even in 2018, but it is looking more like '15. We are talking about completed crashing structure here, and not that we are just going to a new bull market here, at least not for BTC. With the Altcoins there could very well be a different story here, what i've already presented in a previous idea. Retracements usually reach to at least 0.5 / 0.618 fib. level., something what BTC still hasn't done yet. This always happens at some point. Best case scenario we could see prices to reach .702, even .786 (78.6% of the initial fall) which sits at 55k area, before turning back down again. This would trap a LOT of retail investors in, and this is something markets love to do. I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by AVA37
5
USDJPY bullish retracement MatrixVWhen you look at my last post you see USDJPY had bearish correction. Your entry is the POI 0.786 FIB Zone In my price action post we already had confirmations/retracements at the 0.786 FIB Zone Another confirmation for the reversal is that both swings have a FIB consolidation at the 1.309 FIB Zone. Your entry is the blue line at my 0.786 FIB Zone, above it is the stopploss, the orange line. Price perfectly reached again the 1.309 FIB Zone as its Takeprofit. Risk Ratio is 1:37 Wait for break of structure retracement to enter the bullrun. GG Ez MatrixV
Long
by MatrixV
1
Bear flag broken 4hr drop to 19kHello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC quick update. BTC broke the bear flag in the 4hr time frame that was expected from the last few days. We now can expect price to touch $18k-$19k level. WHY I'M ON BEARISH 1) Price broke the bearish flag pattern. 2)MACD is confirming the Bearish momentum 3) RSI is forming a rising wedge like structure which is generally a bearish pattern . 3) Volume continuously going down What do you think guys? Share your views in the comment section. If you agree with my points then do hit the like button. Thank You!
BINANCE:BTCUSD.PShort
by Mushroom_tip
4
What's NextHey everyone, My last post was just before the last bullish move the crypto market made and was about DOTUSDT precisely. It turned out very well as I published before the move along with a signal that the TP level got hit 2 days after the price consolidated for a day. So if you have seen it, it is perfect because you were able to catch the move. (link down below) For now, I think that we have been consolidating for too many days now. We might be in a consolidation box (or in a symmetrical triangle), which means that we are preparing for a volatile move after breaking this range. Looking at Altcoins like ETHUSDT and DOTUSDT, I lean towards a short-term bullish pullback since we will revisit the 50% Fibonacci level in the higher timeframe. If it breaks to the upside or the downside, we are going with the trend depending on which direction the price goes. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji