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Retracement

NQ Power Range Report with FIB Ext - 6/21/2021 SessionContract - CME_MINI:NQU2021 - PR High: 14047.25 - PR Low: 14013.25 Evening Stats - Gap: = N/A - Session Open ATR: 199.42 - Volume: 33k - Open Int: 216k - Trend Grade: Retracement - From ATH: -1.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14676 - Mid: 14104 - Short: 12530 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:NQU2021Short
by mv3trader5
euro usd buy short term all major pairs are extremely oversold or overbought because of DXY bull run euro usd is extremely over sold and broke a very strong support area next demand zone is 1.180000 which is daily support oe demand zone and market gonna retest the broken support turned resistance look for buy opportunity on lower time frame and enter long with your own money management keep in mind that this entry is only short term always remember that only key to success in this financial world is patience and discipline
Long
by Hamaitifx
4
$DXY and the Power of 0.886Welcome to our first educational post (rather than analysis). Today we are taking a look at the overlooked 0.886 retracement. This measurement has been popularized by Scott Carney's Harmonic framework. This measurement is a key aspect in the Shark Harmonic Pattern which we see above. Along with the "0.886" which signifies an undershoot. We have the 1.13 which signifies of "overshoot" which we will go over in another post. Adding this measurement to your retracement tool is very useful in identifying supply and demand zones. As we know, with high-frequency trading, traditional support and resistance is likely to be over or undershot. These fibs help solve that problem. Thanks for reading and I hope you all enjoy. Portfolio Kings Team
INDEX:DXY
by portfoliokingsllc
mastering elliot waves. wave measurements in real time.When you are just learning something I think it is best not to perform it on a live chart right away. You will most likely still be grasping concepts and run a high risk of failure and frustration. That being said, here are some basic applications of using Elliot wave measurements on something that's happening now. The 4 hour time frame is wide enough where you are capturing a majority of the forest, but still seeing details. What's the plot today?: The plot here is that there was a bullish monowave, a retracement of that monowave resulting in nondirectional movement, the nondirectional movement then stayed above important retracement levels and has now ended by breaking above important extension levels. If that is the same story you came up with then we are both on the same page, and with a little luck, doing something right. You could say "what are you doing calling an impulse on a 4 hour time frame a monowave?" You'd be right, but calling it a poliwave doesn't lighten the cognitive load considering where price is currently so I'm sticking with monowave for simplicity's sake.
by emehoke
2
Hello to GBPUSD retracement!17.06.2021After the FOMC Statement yesterday at 21:00 (GMT+3) the dollar appreciated heavily causing the heavy fall of the pair by over 130 pips. This short-term shock might have just created an opportunity for a retracement this morning to at least 61% of the move. >> Usually moves start at 9:00 -10:00 when there is such an opportunity. >> For the time being there is no strong indication for GBP to depreciate much or the dollar to appreciate more. breaking the day's support at 1.3970. However, the potential profit will be at least 25 pips.
Long
by UnknownUnicorn5944879
NAS100 Retracement Opportunity?> NAS100 experienced an intraday dip of about 130 USD. This was a sharp downward move. Considering the volatile nature of index prices, I am in favor of a retracement forecast. If not, I would be very surprised. Perhaps waiting for a break of the resistance level 14060 might be a good idea to reduce much of the risk. >Calcs for educational purposes: 1 Index CFD traded generates approx. 20 EUR profit at the 61% Fibo retracement level. SL should be considered to be set near that around 14033, generating a loss of approx. 15 EUR
N
by UnknownUnicorn5944879
1
GBPJPY Swing Short (update)Just providing an update to my swing trade: I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and look to place more sells if it continues to move upwards. Got about 100 more pips to go until TP2. So far, GJ has been respecting the trend really well. Hopefully it continues to do so.
Short
by darbova
3
BTC Daily Update 6 June 2021Based on BTC daily chart, it is still consolidating between $33k to $39k range. Usually, the longer the consolidation, the bigger the next move will be. Based on Bollinger Band indicator, the squeeze of it is so tight where it validates my first statement. The next downtrend move may find support in one of the 4 strong support accordingly. If first support lose, it will go to the next support. Furthermore, Stochastic RSI is already in the downtrend movement which indicates that a retracement is imminent unless BTC is able to break the Bollinger Band basis line and stay above it. Until then retracement will happen around the corner.
by CryptoSpaceMy
Go for the Gold and go long.You can see that gold took a very big down move today. I think this is a retrace and not a trend. So I think this is where you can buy gold on sale. You can see that gold price now in gray rectangle and has broken out of the parallel channel. Also look at gray rectangle and you can tell that top is a support and my bottom is demand zone. Once below my demand zone then I think my theory of going up more is wrong. This is the opposite of normal conservative and aggressive entry. You can see that conservative is more profit goal, but less chance of entry (and because of this less chance of any loss = conservative entry). Aggressive entry is lower target more chance of entry (and because of this more chance for loss = aggressive entry). I have not taken entry yet because I don’t know yet what kind of entry I want. I am going to sit on my entry for a couple of hours and see what I feel. I change to black, white, grey and yellow chart because I am color blind and I easily mix up other colors. Lots of Irish people are for some reason. Sorry for the dull colors! Let me know what you think and I love thumbs up and comments! ❤️ Ms Bunny. See my other long gold strategy. It worked out good! (See link below)
COMEX:GC1!Long
by UnknownUnicorn11430563
8