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Retracement

fibonacci retracement reach 50% and touch 38% a bullish sign nowFibonacci retracement reach 50% and touch the 38% put stop loss below .236% 52502.66 take profit at 1.618 59581.54 if you make money from this TA feel free to support, follow, share and like. DYOR not a financial advise. i am not a financial adviser. LET US MAKE SOME MONEY! weekly timeframe bullish. yesterday was a retracement now bulls are back. all the best! cheers! leave your thoughts below what you think about it. I long 20x
Long
by pogi1234
Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3
Sell zone on GOLD after NFPWe've been waiting for this push on GOLD for a whole week now A push that takes price up into our sell zone 1777-1790. As soon as we get an entry signal we will enter short with stops above 1810 and targets below 1725! Those signals could be on the H1 timeframe as well! Market closing below 1756 will only confirm our idea, therefore we can add to our positions around this level. We will look at this in our analysis next week. Support us with a like and a comment!
FX_IDC:XAUUSDShort
by ForexTrendline
46
Wait for retracement and buy signal with AUDUSDH4 time frame. Structure: The downtrend has been broken. Key level at 0.73200 was broken. Wait for the price retracement to confirm the uptrend on the 4-hour timeframe and then look for a buying opportunity with AUDUSD. The confluence between the 50-61 Fibonacci level and the 0.72400 and 0.72200 support levels is a potential price correction zone. The profit target is 0.74800 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
BTC: prepare yourself for significant pullback. September's hereThe live Bitcoin price today is $47.484,57 USD, -0,10% in the last 24h, with a 24-hour trading volume of $33.399.961.250 USD. Since the 20% correction of 7th September, BTC price found its support at 42.7k level and it is now already up 10%. After multiple times testing the support represented by the lower band of the Keltner channel, on 13th September price broke to the upside and it’s now approaching the upper level of the channel, our short entry price. Historically in fact, whenever the price hit these levels, it immediately started a reversal pattern, therefore, being now the price close to the upper band I expect a pullback to test lower support levels. Indicators are also pointing out to a possible correction in the next few days: RSI is almost overbought (65), volumes are decreasing and MACD looks ready to cross below the trendline . I expect the price to increase up to 48k-50k, for later undergoing an even more significant correction compared to the latter. September in fact has always been a particular bearish month for crypto markets, with corrections up to 35%. This is why I expect to price to retrace at least up to 0,5 level of Fibonacci retracement tool. Never the less, RSI divergence is 19 and prices are still above all moving averages, therefore as the trend still looks bullish with price above 200EMA scalpers/ swing traders can still consider taking a long position up to when the bearish fractal appea rs. For short term/futures traders in fact it can be profitable to open a long position before undergoing short, targeting lower support levels. More risk adverse traders could instead consider going short when the confirmations appear, so wait for the bearish fractal (green triangle) as well as for the confirmation of increasing volumes. A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart. A bearish fractal signals the price could move lower. POSITION: short ENTRY PRICE: >47.8 k TARGETS: 45.7k / 43.7k / 42k / 41k / 38.7k STOPLOSS: 49.7k (¬ 3%) It can happen that after retracing from the upper level of the Keltner channel, the price finds support on the moving average, our first target (middle blue line). If this is the case I would personally consider taking profits and going long after the confirmations (bullish fractal and RSI). _____________________________________ NOT FINACIAL ADVICE
Short
by Lari_Pen
NQ Power Range Report with FIB Ext - 10/5/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 14510.00 - PR Low: 14478.50 Evening Stats - Gap: = N/A - Session Open ATR: 236.66 - Volume: 41k - Open Int: 229k - Trend Grade: Neutral - From ATH: -7.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15247 - Mid: 14676 - Short: 14103 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2021
by mv3trader5
ADAUSD Chance for Double BottomImportant things to note: BTC retracting has started. I do not see BTC going past 46k. ADA chance for double bottom on 1D Double Bottom would produce a target of 2.62. This would smash the resistance level. Pattern would also create a cup for further targets. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. The BTC FOMO buying finally subsided and now we get to see the retracement we were looking for. I do not see BTC going past 46K and I would like to see it stay above the 50MA on the 1D chart. ADA's retracement depends on BTC at the moment. Right now we have many options but the one I would like to see the most is the double bottom pattern on the 1D chart. Typically, you will see patterns be created on the lower time intervals and repeated on the higher time intervals. We have already seen a double bottom on the 1h, 4hr, and now I would like to see it on the 1D. This is the same for any pattern really. I want to see this pattern complete for a few reasons. First, it would signal a long term reversal (we already saw that coming however). Next, it would produce a target at a level higher than the resistance we need to get past at the moment. Third, it would create a cup which gives us potential for a cup and handle. I have already seen a cup form on the 4hr so I would not be surprised if we see one on the 1D as well. Anyways, I just noticed it and I wanted you all to be aware. This is what I am looking for. If I do not get it, I hope someone creates a meme out of this called "the pattern you want vs the one you get" LOL. I will continue to keep and eye on ADA and update you all accordingly. Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
20
GBPUSD - Trend Continuation Or Bullish Movements?Hi Traders! The market is, on this Timeframe, in a Downtrend. In our view, there are two possible scenarios of how the market could move: It reaches the Weekly Resistance, then it turns back down --> Down It reaches the Weekly Resistance, retraces and shoots further up --> Up However, we have these technical factors which could affect the price: Weekly descending Wedge Weekly Resistance @ 1.37 Daily Resistance Area Potential 4-hourly Trendline Potential developing Divergence If you have anything to add or a different point of view, feel free to comment! Thanks and successful Trading :-)!
by swissmoneymakers
EURUSD short retracement? 04.10.2021It is Monday early trading, but this might be a good opportunity according to the H4 chart for the short-term/daily move. The long term seems quite different though but a short-term retracement is more likely to happen. Note: The market was falling recently due to dollar strengthening. The only problem today is that it is Monday and volatility is not so high, causing less probability for generating trends. Will stick however to the long for now with caution until the fibo 61.8 % of the move as indicated by the level.
Long
by UnknownUnicorn5944879
1
More selling opportunities on EURUSDOn Friday we closed our short positions on EURUSD. Now, we expect a pullback to 1,1650 and from there, we will be looking for more selling opportunities. We will be watching out for a reversal candlestick formation in order to make an entry. This time our target will be price reaching and breaking below the previous low at 1,1563. We're not entering a trade at current price levels, but instead, we are waiting for higher price values so we can have a better ratio! In our next analysis we will be sharing with you the levels below 1,1563.
Short
by ForexTrendline
14
Wait for the opportunity to sell with CADCHFH1 time frame. Structure: Uptrend. The price moves in an ascending channel with a wide range. There is now a divergence signal and the key level is at 0.73000. Wait for the confirmation of the downtrend and the appearance of a sell signal, then you can sell with CADCHF. The profit target is the support line of the price channel, price zone 0.72400. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
ADAUSD Time For A Small PullbackImportant Things To Note: Price has had a significant price increase due to the BTC squeeze. We are in a bull trend now if it isn't obvious by now or you haven't been following me. Before price moves ahead it will retrace with a few options. Minor price target of 2.37. Major price target of 2.51. Resistance 1 at 2.30. Resistance 2 at 2.45. Retracement for handle range 2.20-2.16. Retracement for normal pullback 2.09. Retracement for slightly higher low bounce 2.98. Retracement for overcorrection 1.91. Price will retrace before moving towards price target. If handle is formed major target is in play. (Calculated by depth of cup added to top of cup) So now that we have had a bull rally due to the BTC squeeze, we are due for some retracement. If you don't know what I mean, you probably heard me mention that contracts expire earlier today, and if BTC pushes, it will force the shorts to cover their positions. This is what made the price increase so fast. Before ADA can reach the minor target or the major target it will need to retrace. We have a few options for retracement. First, we can retrace to form a handle between the range of 2.20 and 2.16 for the bottom of the handle, in which case our major target of 2.51 will be in play. The next option will be a normal retracement down to 2.09 in which case our minor target will be in play after retracement occurs. Next, we have a slightly higher low retracement followed by a bounce at the 2.98 level. Lastly, we have the overcorrection retracement which will occur at 1.91 and accompanied by an even greater bounce. These are the options I see ahead. Ideally, I would like to see the handle form, but if any of the other options come into play, that is fine as well. Remember we are in a bullish trend until proven otherwise so don't panic during the retracement. This is completely normal. This will likely occur the majority of the weekend, however I see another bullish weekend ahead. I will continue to watch ADA and update you all accordingly. Thanks again for all the support! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
44
potential short position on Gold Spotwe foresee that gold still in bearish pressure in Higher Timeframe now price is stuck in suppy area and previous liquidity pool area which mean there a prob to bouncing confluence with fib retracement 38,2 at daily chart and 61,8 at h4 timeframe our 1st scenario gold free fall to last strong support at 1722 (confluence with 161,8 fib) alternative scenario gold will move up to area 61,8 fib daily retracement (1776) then bounce back to 1722 make sure to get confirmation like candlestick formation with other cofluence (Trendline, SnR, Chart Pattern) happy trading
OANDA:XAUUSDShort
by Scalpin9Gold