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Retracement

NQ Power Range Report with FIB Ext - 10/1/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 14712.75 - PR Low: 14687.00 Evening Stats - Gap: = N/A - Session Open ATR: 220.88 - Volume: 57k - Open Int: 225k - Trend Grade: Neutral - From ATH: -7.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15819 - Mid: 15247 - Short: 14676 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
A possible retracement on EURUSDIn our analysis from yesterday we shared with you why is not a good moment to sell. Today we stay aside of EURUSD, and we're focused on other instrument with more potential. Here we can see price slowing down and loosing strength in this downside move, which means we should be looking at a retracement pretty soon. We're not expecting a full reversal, therefore we won't be looking for buying opportunities. A possible pullback would mean a good levels to sell again. So be patient and don't rush into short trades right, especially if you haven't made any profits on this move so far. Good opportunities require patience!
by ForexTrendline
16
ES at 0.62 Fibo: Lower Soon?!Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc. A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction, TBD. Thursday's nutty wild bull price action feels like a blowoff top, confirm it Friday IMO. Fade the Gap didn't play on 9/23, perhaps it will 9/24? Looks like a Pumpndump forming atm. Watch for short covering in Power Hour Friday! Trade with caution! GLTA!
CME_MINI:ES1!Short
by DaddySawbucks
23
FIGS, On the way to 70 USD! Who wants to miss the chance?FIGS is going to bring us a considerable profit !. How much? lets follow the idea. FIGS reacted nicely to strong support (34.13 USD) formed by two different types of Fibonacci after an abc form of correction shown on the chart. A considerable up ward move started after the mentioned correction which seems to be the wave 1 of a new 5 leg up going wave. After that, price retraced 61.8 % of the last move. This minor decline maybe the wave 2 of the up going wave cycle. If true, the golden wave 3 move has recently been started. Mentioned up going wave cycle which is itself a wave 3 of a larger cycle Elliott wave can push the price at least up to around 70 USD. It is worth to note the broken down trend line acted well and nicely as strong support twice which suggests this dynamic support is a strong and valid one. please note the beautiful bullish reversal in stochastic indicator exactly at the support. Amazing one ! Like always , despite of all these bullish signs we have to trade objectively. So we set our stop loss carefully in the case of opening a long position. Long trade: opening price : Current prices Mid term target: 70 Stop loss : 39 Reward to Risk : around 8 ! Good luck every one and wish you considerable profits.
NYSE:FIGSLong
by SaeedSajedi
4
Waiting for uptrend confirmation and buying opportunity USDCADH1 time frame. Structure: The downtrend is broken by a strong upward move. At the 1-hour time frame, we can wait for the price to return to the 1.26700 zone (the 61.8 Fibonacci and support confluence) then we can wait for the bullish confirmation signal to appear. Profit target is 1.28800 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
NQ Power Range Report with FIB Ext - 9/29/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 14782.50 - PR Low: 14761.75 Evening Stats - Gap: = N/A - Session Open ATR: 218.06 - Volume: 42k - Open Int: 230k - Trend Grade: Neutral (CHANGE) - From ATH: -5.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15819 - Mid: 15247 - Short: 14676 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:NQZ2021Short
by mv3trader5
GBPUSD is this a good opportunity? 29.09.2021The market was bearish yesterday when with he GBP loosing strength while the USD was gaining. Most of the pairs having the quote currency USD, were moving downwards showing significant volatility. A 190 pips downward move for GBPUSD, since the European session started, was the result of yesterday's activity. With Powell's and Yellen's talks regarding economic policy, the USD kept its strength and, importantly, no significant retracement took place. We expect this to change this morning (EEST) and according to Fibo retracement level, the pair finally to retrace around 1.3590 the least. Usually the GBP gains momentum at 9:00-10:00 (EEST) during the London/European session.
Long
by UnknownUnicorn5944879
1
GBP/USD Technical AnalysisAfter a strong daily close after touching the 1.36 support area price rushed all the way to 1.3750 before retracing to 1.3660 area again. This retracement is close to ideal as it touched the fibo 0.618 several times and did not go below. The retracement trendline is now broken and I believe pound will continue its move towards 1.38 area somewhere between the -0.27 and -0.618 Fibonacci targets. Can be entered immediately or after a possible retest of the bearish trendline , for a conservative sl it can be put under 1.36 and for an aggressive sl below the fibo 0.618 support area . Trade at your own risk.
Long
by alicanuz
the fib retracement hit 50 Percent retracement downtrendit hits 50% fib retracement so base on the fib retracement it continues to its downward trend. now it is hitting upto 60% retracement if it exceeds it is building new trend. if it respects. then shorting it will benefit you upto 30440 short. for fib retracement extension for take profit. for stop lost above 50-60% retracement. time will tell. like follow if this happens. all the best! DYOR TAYOR all the best! not financial advice.
Short
by pogi1234
1
AXS might be entering Corrective PhaseBased on my Elliott Wave count (be I could do at least), AXS is entering wave A of the Corrective phase. My Fibonacci Extension is purely for visual aid, if my thesis is correct, once wave A is complete, it'll be easier to chart wave C, by simply plotting a 1:1 Fibonacci Extension (wave A equal to wave C). I'm planning to carefully start laddering a Short position, keeping a close eye on BTC, since AXS has been extremely reactive to any BTC price action this week. Looking at the Level 2 imbalance between Bid and Ask volume for AXS (FTX exchange) of about 40%, seems like the market is eager to sell. On a longer timeframe of 4 hours, MACD is beginning to fizzle out. Ideally I hope for wave A to land somewhere in the 0.786 (~$61) region.
FTX:AXSPERPShort
by WhoIsWu
GBPUSD FOMC AFTERMATH 23.09.2021FOMC Statement and Federal Funds Rate announcement took place yesterday at 21:00 EEST. It was decided that the rate stays at <0.25%, The market for GBPUSD found support at 1.360. This was a long fall and we are nearly at the end of the trading week. A retracement is possibly at hand. Beware of the breakout upwards when the market passes level 1.369 to reach finally at 1.3730 This is considered a risky retracement though since the fall is not intraday and it might take long, perhaps until the start of the next week to finalize with the reversal/retracement.
Long
by UnknownUnicorn5944879
1
ETH LOOKING SUPER BEARISH!ETH is looking bearish in the short to medium term. If BTC drops below 38K then there is nothing stopping ETH from hitting $2200-2400, then back down to under $2000. We need ETH to get back into that rising channel to become bullish, otherwise we may be in a bear period for a short time. The DXY is looking BEARISH forming a Head and Shoulders so this is good for crypto long term. There is a lot of fear in the market which is a great time to accumulate. Safe trading.
COINBASE:ETHUSDShort
by UnknownUnicorn15453819
BTCUSD: Next move down to 41.200.The recent BTCUSD movements have proven my perspective from Sep-03 right. We're heading down and a new trend channel to lower regions is about to open. Price retraced from the top of the last mid term rising trend, down to the 0.382 fib level. It retested the 0.236 fib level in a fresh swing to the upside. Now it looks as if it would get rejected there. This confirms the current mid-term downtrend. Where now? The next level we could be heading to is the 0.5 fib level of the last mid-term upswing at around 41.200, if we should poke through it we would see 38.5k as well. Large retracements like this would be little surprising, we had this before. If not, we could still see prices confirm the new falling channel with another 51k retest. I think that this is less likely. If price would hit 50k and rise above, my strategy would prove wrong. What do you think? _____ Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes. Never put your heart and your money in the same place. You could end up with your balance getting f***** while you're doing the hard work.
KRAKEN:BTCUSDShort
by My2CentsOnBTC
Wait for the price to retrace and confirm the downtrend with GBPH4 time frame. Structure: The bullish structure has been broken. The price was strong down after a successful retest at 1.38000. After the price breaks the support of 1.37300, it is possible that the price will appear a retracement to the 1.38000 and continue to down. Wait for the price to retrace to this level and a sell setup appears, then you can trade with GBPUSD. Profit target is 1.36000 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx