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Retracementlevels

NASDAQ 100 Short Term Correction Risk AnalysisIt is important to know when the NASDAQ:NDX and a few of its components are overextended and that a minor correction, aka retracement, is imminent. It doesn't really matter if you can guess the exact day, but it does matter that you can see the risk coming so that you can plan to take action on open positions and plan ahead for new positions for swing or position trading. The Weekly Chart above shows where very strong support will kick in. Somewhere within the Green Rectangle, the index is highly likely to find support. This is a very strong support level since it is a yearly high, and that defines where fundamentals were before this earnings season. The only thing that could derail it is an UNKNOWN negative event for the Buy Side Institutions. That is a very RARE event. So that is the long-term view. Just for fun, let's check the Monthly DPO Cycle chart. Exactly the same line as weekly but in a more stark perspective. The cycle line is bending which is a good pattern, but it can easily peak and go sideways, which would create a dip into the index's support level if a correction goes all the way to or into that rectangle. Okay, now the daily chart to determine the short-term or intermediate-trend support level. The first higher Rectangle is weak support. Second, lower Rectangle is moderate. There are heavily weighted stocks that have fundamentals at or within these levels as well.
NASDAQ:NDX
by MarthaStokesCMT-TechniTrader
PG on downtrend continuanceOn the 2 hr chart, PG was fighting heavy resistance for month. The supply /resistance zone is on the chart from the Luxalgo indicator. Multiple touches but the zone was not broken. Price has retraced down beyond the 0.5 Fib level. PG is tracking well with XLP the consumer staples ETF shown as a thin black line on the chart. The Luxaglo Echo indicator, a predictive AI tool suggests that price will retest the 0.5 Fib level and then descend to the support /demand zone with a volume mean of 149.5. I will take a short position with put contracts with a strike of $ 154 above the Fib 0.5 level with DTE of 6 = 5/26. For the stock position, I will set a sell limit of $153 also with a stop loss of $ 154 with the the target for 2/3 of the position at $ 150 and the remaining third is to watch to see if the zone brakes. I believe that this is a safe trade in a low-volatility stock set to capture profit advantaging the prevailing trend running in concert with the subsector ETF.
NYSE:PGShort
by AwesomeAvani
8
predictive analysis of carboruniv in dcb.NSE:CARBORUNIV made all time high previous week but couldn't sustained above the previous ath and closed below. Now expecting some small correction before make a new high. marked short term retracement/demand zones. Disclaimer - This chart analysis is only for educational study purpose. Do proper research before trade/investment or consult with your financial advisor. This opinion isn't a trade/investment recommendation. SEBI unregistered.
NSE:CARBORUNIV
by biniyoger_swaralipi
AVAX Retracement Short Trade Looks solid! You can see what to do. This is my plan for AVAX short term. Hopefully this isn't a full reversal and just a retracement but time will tell. I would much prefer being short at this time and this level then opening a long. Lets see how it plays out. Good luck Not to be mistaken as financial advise, this is just me testing out a trade idea based on multiple time frames and volume analysis . This has been a powerful uptrend so this is very risky but TP profits often and you can use the different fibs as TP zones if you like but they are placed for my use and not traditional fin levels. Sorry for this being so late.
Short
by Z3R0-G3N3S1S
Monero Recaptures Key Retracement LevelMonero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over the weekend Price held the key Level of 139. 139 was the 50% Retracement Resistance of the FTX debacle crash. Price broke the Resistance on November 30th and then came back to retest the level solidly on December 17th now as Support. Furthermore, let's look at Monero's performance relative to others. Measured by the "pre-FTX high" Monero is down -10.37%: Bitcoin remains down -22.48%: Ethereum remains down -29.89%: "Bitcoin is surveillance" As regulation begins to take the center focus of cryptocurrency more users will shift to value in privacy. I'll leave you all with a meme:
BITFINEX:XMRUSDLong
by norok
1
USDCAD Retracing Fall from an Ascending Wedge LONGFX:USDCAD USDCAD on the 15-minute chart in the past week fell in a breakdown from an ascending wedge and is now sitting on support. I anticipate a reversal to retrace that downtrend with targets at the Fib 0.5 and Fib 0.618 levels ( also confluent with some horizontal pivot point resistances ). Targets just below these points of interest are 1.3083 and 1.3104. The stop loss would be just below the support zone at 1.3. Entry on a buy stop over 1.3044 above the minor resistance. This is expected to be a short duration day trade setup.
Long
by AwesomeAvani
Structural Progress Remains Elusive for BTCUSDPrimary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have paralleled (in percentage terms) the massive declines seen in crypto. BTCUSD Has Not Reached Key Fibonacci Retracements Like Equity Indices Have The Primary Chart at the top of this article shows the major retracement levels for BTC's entire bear-market decline. Note how BTC's 43% rally from June 2022 lows has still not meaningfully approached its .382 retracement level of its entire bear-market decline. By inference, if BTC hasn't been able to approach its lowest .382 retracement level, it has come nowhere near its .50 or .618 retracement levels, labeled on the Primary Chart above. Supplementary Chart A below shows an example of one of the world's leading equity indices, the US S&P 500, having reached and even surpassed critical retracement levels in the powerful rally off June 2022 lows. Whether this rally is a bear rally or an actual trend reversal is hotly debated in the financial media, but the outcome remains uncertain despite confident forecasts in both directions. More importantly, note how the S&P 500 ( SP:SPX ) has exceeded both its .382 retracement and its .50 retracement of its bear-market decline. In fact, it is approaching its .618 retracement of its YTD decline. When price closes in on a key level of multi-month importance, it often will find a way to touch that level given the magnetic effect it has. Supplementary Chart A: Two Key Fibonacci Retracement Levels for the YTD Decline in S&P 500 ( OANDA:SPX500USD ) Key Levels in Proximity to BTCUSD's Current Price As shown in Supplementary Chart B, BTC has remained in a parallel channel off the June 17, 2022 lows. Some might argue this technically works as a bear flag pattern—confirmation would be a downward breakout that holds below the upward trendline forming the base of the channel. In any event, this channel has contained price since mid-June 2022 lows. The return line (top line of the channel) lies near $25,700 to $26,282. This should prove to be strong resistance in the coming week. The lower line ranges from about $22,200 to $23,100, which should prove to be support—and given that the downtrend line remains intact, this should also be watched for a break. The .382 retracement of the second leg of this bear market lies at $29,297. If BTC can break above its downward trendline —indeed, this would be a feat should it occur—the .382 should then also be watched to determine how price responds. This should serve as decent resistance at least on any initial attempt to push above it. but traders and market watchers should remain open-minded and flexible to see whether BTC could break above this level as equity indices have done. With FOMC minutes being published Wednesday Supplementary Chart B: BTCUSD's Down Trendline and Fibonacci Retracements for the Second Leg of This Bear-Market Decline Starting at March 28, 2022, Swing Highs Ichimoku Cloud Remains Bearish with a Hint of a Change The Ichimoku Cloud can sometimes offer an additional perspective. The cloud remains bearish—red and downward sloping. (The mechanics of the cloud's color changes are beyond the scope of this article.) The could twists and turns green, however, in late August 2022 / early September 2022. Such cloud formations can suggest the potential for a shift in trend—but no guarantee. Currently, price is meeting powerful resistance along the upper edge of the cloud's SSB (Senkou Span B) line. See Supplementary Chart C (below). This line works as resistance from about $24,700 to $25,000. This SSB line represents the mid-point of a 52-day period on the daily chart. Several candles have touched, briefly pierced, and then failed back below this key level. This shows that the level is holding a strong resistance for now. Supplementary Chart C: BTCUSD's Ichimoku Cloud Chart on the Daily Time Frame The weekly Ichimoku Chart remains more bearish in appearance. The cloud remains thick and red with no trace of a bullish twist in the future that could imply a possibility for clear skies ahead for BTC. The weekly chart also shows price significantly below the cloud, and even well below the Kijun line (blue), while having risen above the Tenkan line (gold). See Supplementary Chart D (below). Supplementary Chart D: BTCUSD's Ichimoku Cloud Chart on the Weekly Time Frame The author has no open position at the time of publication (August 17, 2022) on BTCUSD or BTC-related investment products such as BTC futures, BTC ETFs (BITO) or BTC derivatives. This article is intended to present a relatively unbiased technical analysis of BTC's DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. CME:BTC1! BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT FTX:BITOUSD SP:SPX OANDA:SPX500USD VANTAGE:SP500
BITSTAMP:BTCUSD
by SquishTrade
4
BTCUSDT 15 Min Possible scenarioAccording to my analysis, the fifth wave of the downtrend on BTC should be complete and now the wave A scenario should playout. I have taken into account two possible retracement level of the 5th wave. Price maybe heading to a 38.2% retracement ($39,805)before continuing downwards or a 50% retracement ($ 40,200) before continuation. Lets see. N.B. This is only my personal opinion, not to be considered as financial or investment advice even remotely.
BINANCE:BTCUSD.P
by arua_s
ETHUSDT is testing the 0.618 Fibonacci LevelThe price got a rejection from the M's neckline as I told on the previous analysis exactly on 2830$. On the daily timeframe, the price is still inside a descending channel above an important support 2400$. The market printed a double top on 3250$. On the lower timeframe, the price is testing the 0.618 Fibonacci level as new support after the breakout from the 2700$ How to approach? For a bullish scenario, the price needs to have a clear breakout from 3k resistance with Volume, and retest it as new support. Otherwise, If the price is going to lose the weekly support, above 2400, we could see another bearish impulse and the next valid support is 2k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
2
NQ Power Range Report with FIB Ext - 1/19/2022 SessionCME_MINI:NQH2022 - PR High: 15248.50 - PR Low: 15192.50 Evening Stats (As of 12:00 AM) - Gap: = N/A - Session Open ATR: 336.40 - Volume: 61k - Open Int: 234k - Trend Grade: Neutral - From ATH: -10.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 16677 - Mid: 15333 - Short: 14961 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:NQH2022Short
by mv3trader5
Retrace of the Retracement in BTC + updated shorter time frame fibs to color instead of all green lines so you can correlate what fib levels are to what and realize chart is busy but if you can simplify it to support and resistance i think it starts to make sense. squeezed frame to include more of past and drew out exact path per fib levels btc would travel if it followed the longer term fib. long term fib still relevant until it hits the 3 fib. thought it played out this weekend but fell short. the way to know is if btc holds on a retest of the shorter time from 1 level after retesting the .618 down or in this case up from the 1.414. this is common in price action according to fibs the way they are placed here. you could say it's the hidden lines of support and resistance for bitcoin and actually for all traded assets liquid or illiquid meaning it's a PATTERN!. i know this hurts the brain to realize we have all been duped but I have now put well over 10k hours studying this and can say with absolute certainty this is how all assets move. period. if we follow the most recent path we are going to go retest the 1.414 and inevitably the 1.618 of the shorter time frame fibs or most recent i should say (the more horizontal levels). surprised not getting more inquiries with this post considering the accuracy and precision is the highest level of TA ever achieved. and i say that humbly but when you can place a trade with a limit order at a level with certainty the level it is going to next then what more is there? here is the truth... all assets trade in a neverending repeating pattern that moves from fib level to fib level and supply vs demand merely alters the shape and form. the reason everyone misses it is it can be any size or shape or direction and they are fractal meaning in one daily candle the pattern might exist 10 times or infinite if fathomable. and last but not least it is like an mc escher work of art from the perspective of vantage points and so at any point the price is from the vantage of up and down at the same time. now we understand why trading is so hard for majority of people that attempt it.
BINANCE:BTCUSD.PShort
by Gamma-Rat
Looking for positive Delta on DALIn my livestream last Friday I talked about how I like the stock Delta NYSE:DAL . I like the company because any time I fly this company is going to be my choice. It's properly priced for its value compared to other airlines. Granted, there are unique risks that airlines face such as fuel costs and accidents but people will always need to travel from A to B. I would not enter a trade without a technical setup and risk definition. The level DAL is holding represents both a long term Retracement from the 2020 crash and a short term Retracement from the Q4 2020 bull trend. The short term consolidation creates lows that must hold to remain a valid bullish trade. I took both shares and options (Feb 2022 48 Calls) to express this trade.
NYSE:DALLong
by norok