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50retracement

TSLA holds the gapNASDAQ:TSLA had some beautiful price action worth noting today. It held the 50% retracement level of the day's gap. What was even more interesting was the lower timeframe price action on the 1minute (see screenshot). After holding the 50% retracement on the medium term timeframe it also held the 50% retracement of the move off the support as a fractal of the price action. This also setup a classic chart pattern of an inverse head and shoulders at that level. All aspiring chartists should take note. I have this now saved in my archives as a great example of multiple aspects of price action studying playing out.
NASDAQ:TSLA
by norok
3
Trendline Break Setup (Paper trade)*Not trading advice, entertainment purposes only, DYOR Reasons for a trade: 1.) Putting in market structure at or below 78.6, off fibs from 3 most recent highs. 2.) Has W and working on confirmation of larger W 3.) Moving Average Convergence 4.) Put in market structure after break of 2 significant downward sloping trendlines 5.) Divergence in MACD 6.) Market structure and cross on the Willy coming out of oversold 7.) Market Structure on OBV w/MA cross 8.) Bears falling asleep 9.) Beautiful candle body that closed above VP POC 10.) 2:1 RR just above gap at top of most recent range 11.) 6.1:1 RR by a return and touch to 200MA. 12.) 10.2:1 RR by returning to Gann 50% 13.) Near Original breakout out levels from 1992, sheesh Enter trade at check of top of double bottom $6.30 Set stop just below double bottom at $6.01 Sell 1/2 my position at 2:1 ($6.88) and move remaining to scratch. use 3 highs/Lows method on remaining if PA continues to put in bullish market structure. NYSE:GE
NYSE:GELong
by Cryptough
SPY is fascinating to me as a chartist nowThe prior ATH was the key deciding line a few weeks ago. When the AMEX:SPY closed below it it signaled the drop. Now with the low it formed on 9/24 in combination with the recent ATH it has created a 50% Retracement of the down move. Ya'll know how much I love my 50%... This is clearly the consistent and current dividing line between bullish and bearish should this current up move continue to 339 as resistance. Holding or breaking it once again will give a signal to the near term future.
AMEX:SPY
by norok
STSA confluence of support-Throughout August buyers have been stepping in at a confluence of support: 1) $21.5 level which I view as historically significant (having been tested multiple times from above and below), most notably acting as resistance during the last consolidation period 2) The VWAP from the all time low 3) Back test of the downtrend line 4) 50% retracement of move from all time low -I also like that the pullback to the downtrend line, which was also a shorter term double bottom, occurred with increased stochastic reading (bullish divergence) -50 EMA has been tested/rejected about 8 times since STSA closed above the downtrend line, so I view a close above the 50 EMA is buy trigger
SLong
by ETrades1
RCUS 50% retrace/50/200 EMA supportRCUS has reacted higher after bouncing from a confluence of support: 1) 200 EMA 2) 50% retracement 3) VWAP from all time low *You can see how the 200 EMA and VWAP from all time low previously acted as the floor back in March -Now supported strongly by 50 EMA, RCUS closed above the 50 EMA every day this week, and 7 of the last 8 days, with the exception appearing to be a 'gap fill.' -I am looking for RCUS to continue to find support on the 50 EMA or the VWAP from the 200 EMA bounce -Close above the $25.5 level is the buy trigger, which will also complete an inverse H&S pattern which has been forming for the last month
NYSE:RCUSLong
by ETrades1
FTSE 100 - short as in 50-61.8% ratio. Hello analysts and traders - Looking at the FTSE100 - it is time to sell? We think yes - we have monitored this on private charts but now it is time show a public view and to close some longs and begin to hedge and close out final longs. Have you noticed a pattern? All indexes have had Vshaped recoveries - however is it sustainable? Nope. With a lot of the companies on the FTSE stock exchange being foreign owned on multiple exchanges - it is clear that these giants will see a poor performance coming. Technicals - weak trend line which saw a fakeout and retest on our orginial trendline - but this was now corrected. Now we move sideways around the 50%. Taking the impulse from the highs to the lows March end. We have a very poor trend line which is a correction rising channel - but as tailed off. UK sectors - will see large outflows with the FTSE supply and lower high formed - means the sentiment is sour. The UK has a dead cat bounce , similar to S&P, Nasdaq, and Dax. VIX and Gold will be the strongest gainers where money printing and inflation occurs. . Fundamentals Brexit in play with a little chance of a deal and the stimulus package which the UK provided to citizens is clever to many to provide companies with the 20% pay gap, however many people are still not in work and the sentiment of the government finding ways to prevent debt to tip over 100% will become a real issue. Brexit again, EU stimulus package for loans and grants is another poor decision - with many countries affected in crippling ways, Southern Europe, Eastern Europe also and western countries e.g. Scandinavian, Netherlands all not wishing this would go ahead. Germany need the stimulus to keep on top of the EU. Germany has become the power of EU since Euro inception. UK assets - will be reduced to losses without trade deals from the EU, USA and Canadian, swiss or singaporean style deal.. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets - both work in investment banks, hedge funds simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
OANDA:UK100GBPShort
by LupaCapital
The baggy dead stock bounce strategy: Another exampleI know nothing of this company. But either way, looks like a nice example of buying something beaten up down 99% after it starts rallying. When it goes down usually it goes down pretty fast (crypto won't be an exception btw), important not to overstay your welcome. I do not use this strategy at all. Adding an example, learning a bit more every few month or so... learn with me. If it goes to zero it is fine since this strategy aims for several hundred percent returns often. No need to go all in... Here we can see that we have a V shape reversal at the bottom, a ~50% retrace, then a C wave very extended. The ABC retraced ~50% ~55%. In the case of cryptocurrencies... They retraced 55%, from being down 92%, but this does not look like we are "at the bottom", they are still way up from where they started. Bitcoin retraced 78.6%. I am not sure the strategy is the same... Will see how this progresses. If BTC gets to a few dollars, it can go up thousands of percents... But who will get filled? Oh companies on the verge of bankrupcy can recover... You will never believe what company did this... (if you do not already know)... APPLE. In 1997 they were about to go bust and Microsoft threw 150 million in and saved them. Now Apple is pretty big (in a bubble thought). 99% or more companies just disappear cannot even find them on trading view whick makes it hard to analyse this strategy here. Kodak went bankrupt in 2012 and re-emerged in 2013: The "new" Kodak fell by more than 90% lmao. Not sure how much the previous one fell. In 96 the price was above 90$ and at the end it was circling around 5. They had a nice back to normal. The new company price does not pick up the old one. The probably issued less shares to make it look like they bounced back. If I look at the daily chart: That is just too fast. I also noticed something else. That I am keeping for myself. Sry. Rekt. Looking at more examples will help. Maybe a good new strategy in the future here? The point of having multiple strategy is more a safeguard if the ones being used stop working rather than to make more money or to diversify. One question remains: Where do all these poop chasing baggies come from? And why do they keep appearing?
NASDAQ:MNKDEducation
by MrRenev
Normal correction after a very strong bottom formationposted my thoughts yesterday on the link I shared below weve hit our 50% fib retracement from bottom I like an entry here but its not a home run we could take right off from this level or continue sideways or further down love the .618 fib entry on eth or btc The old resistance would be the .618 fib support. resistance become support... just gotta be reactive and not try to anticipate unless your willing to hold to zero as an investment
COINBASE:ETHUSD
by Playj
4
AUD/USD Selling Opportunity. Pretty Straight forward analysis. Key Support and resistance levels are in play. Wait for Monday to fake out and trap more buyers with strong candles, I will be setting a pending order so I can get in at the best price possible. follows by a directional push to the down side. take half profits at the target position 1. Wait for the pull back (probably 50 retracement) then follow it down for the week. Wait for a double bottom, and then the midweek reversal to take you back up. Dont get greedy, take profits quickly. This pair could mess around and shoot all the way back up to the top, killing all your hard work. Best of luck www.tradingview.com
Short
by FXVampire