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Pullback

BTCUSDT pullback to triangle trendlineThere's no reason for bullish bias. The price action shows an engulfing bearish after a pullback to triangle upper trendline, healthy 30% retrace and retest. Supports broken. Price below daily volume point of control -rejected from POC. Expecting lower lows aiming 14.6% as seen on chart. 17K is possible in a next swing downward. Plus hidden bearish sign from Chaikin Oscillator. Fibonacci retracement applied w/ 88.6% and 14.6% key levels. Bearish 2-D swing to complete the major Head and Shoulders correction @ all retracement expected.
Short
by firmestudio
6
MASSIVE DOWN POINT never seen since March 1985The reason I took the trade I simple, there are 4 reasons First of all, I was waiting to see the breakout of the price and now we can see a descending channel with a downside breakout and a pullback. Second of all, The price broke the massive support of 1985 which means the price will struggle to break it again as resistance. The probability of the price going down is greater than the probability to go up and challenging the resistance. Moreover, there is a divergence in the MACD Ind that shows an Inversion in the psychology of sellers. In most cases, they predict an inversion in the trend but the Macd is not even to break the trendline which means we can take profit as long as the price doesn't brake the macd trade line. I've set my take profit by measuring the width of the channel and put my tp on the same width measurement starting at the pullback. We might see a downfall even bigger I'll give some news, later on, wait and see.
by pacifiedRice75213
NZDJPY Short Term Sell Idea Delivered 200 Pips Move!!!In NZDJPY short term sell idea post, I mentioned that "Price is bouncing lower from a key resistance zone on the H4 chart, in addition to this we also had a bearish divergence and lower lows based on the MACD indicator. On the H1 chart, we had a bearish trend pattern so until the key resistance zone holds, my plan here is to sell pullbacks in the short term". The price action followed my analysis and moved as per the plan here. The pullback that I was looking for happened and then the price moved lower further and has delivered 200+ pips move! Note: Currently we have a bullish divergence in play, so if you are still involved in the sells then this is a good place to consider managing your trade and secure your profits (cash out or partial cash out or trailing protections or partial hedge, etc.. depending on the strategy that you work with). Original Idea
Short
by VladimirRibakov
🎯ATOM - primed for pullback?🎯ATOM has been one of the most bullish coins this summer, rising 210% from its bottom in June. Consequently, its Bitcoin valuation has risen ~250%. Recently it double topped around .382 Fib measured from last weekly swing high in April - this suggests we still have bearishness on the long term. It also tapped into the .782 Fib measured from previous daily swing high in May before the meltdown - this suggests that a pullback will not go too deep too soon towards previous lows. The big RSI bearish divergence already pointed out that we are due for a correction. The FOMC press conference today could provide the catalyst for that pullback. However, there still might be some gas left in this up move, so I don't exclude the possibility to have another leg up before a deeper pullback.🎯 📈The game plan: 1. ATOM needs to break down the 4h 200 EMA support it currently sits on. Wait for candle close confirmation. 2. Scout the ATOMBTC chart - if it goes below previous swing low (68890 satoshi) we have another confirmation. 3. ATOM needs to break down below previous swing low between the two tops (13.225 $). Wait for candle close confirmation. Profit levels are at 12$ and 10.6$, based on Volume Profiles, depending on your risk appetite. The trendlines could provide support on both charts, so be careful to take profits in time. Don't rush into it. Let the news be digested by the market. We need at least 75 pp increase on the federal rate to keep ranging, and 100 pp rate increase to move the markets down. If we keep ranging, I would be more inclined to do this trade on the ATOMBTC pair. This post links back to yesterday's post regarding overvalued altcoins - thought it would help to share a concrete example. 💎Looking forward for your questions below. If this post provided you value, follow for more. 🚨Disclaimer: this post is for educational purposes only, not financial advice. Do your own due diligence.
Short
by opripom
trend changing in vixUVXY is demonstrating higher lows and higher highs. the current pullback is likely a bounce in SPX, but if that fades we should see new low in indices with a new daily high vix keeping UVXY trending up. if were stronger in indices overnight and tuesday we should form a lower high and roll over UVXY. upper or lower horizontals are price targets, and dashed line is pivot. bottom or top of envelope are areas to close. over all the trend in vix remains bull until we breech new lows in uvxy, setting a lower high and demonstrating bear momentum.
CBOE:UVXYLong
by cerealpatterns
3
Here We GoHi everyone, In my last post, I was explaining how we might still be bearish and how we might make a pullback to the upside for BTCUSDT. Looking at the price, we just broke above the trendline shown above which represents the resistance for the area of consolidation. In other words, we are looking at a breakout. Since we are retesting the higher time frame (H4) previous highs, I am really interested in the 21100 level, where we might see some consolidation. The main reason I think this would be an important level is that it is in confluence with previous H4 lows above the price we are at right now, as well as the 0.382 Fib level considering the last upward move and the 0.5 Fib level considering the last downward move. The direction of the trend will be determined by the breakout from the next consolidation level.
Long
by yassin_khanji
10
💰GOLD analysis in Daily time frame🔥⭕You can see gold analysis in daily time frames(XAUUSD _1D)🧐 🔰Due to the downtrend of the price since 2070 and the presence of the price in the support🧡 line area❗❗ If the price can break the black downtrend line and stabilize above it, in Pullback❗ the price to the support🧡 line and the downtrend🖤 line can be bought and there is a possibility of the price climbing to the SUPPLY zone🔺 But if the price can break the black🖤 uptrend line and stabilize below it, in Pullback the price to the black🖤 uptrend line and the orange🧡 line (supporting the resistance) can be for sale and there is an expectation of a price down to the DEMAND zone🔻 which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
FOREXCOM:XAUUSD
by TRADER_STREET
2
Triangle Pattern formation in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The upper Trend Line should be broken with the good volumes is the only concern! >Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA. >The 4 Supports Levels are significant because they represent the higher low's formed in the above triangle. >Let the break-out happen first, then entry is what I am planning or else if you want to enter it now go by the stop-loss I gave. >The Stop-Loss is some what more but it is favorable when compared to RRR which is '2.02'. >The first Target would be the 52w high. Let's Watch with patience!!! ***Container Corporation of India Limited (CONCOR) is under the ownership of Indian Railways, Ministry of Railways, Government of India.
NSE:TCILong
by AxionAjay
SPY - Short term bullishHello friends, Let's understand Multi-timeframe analysis for AMEX:SPY . Daily TF: Recent price action suggest that a short pullback could be seen in SPY as it is approaching the demand zone. 45 minutes TF: Below are the confirmation signs that suggests a pullback. 1) Price is approaching daily demand zone - Buying pressure may step in 2) Price is making LL while RSI is making HL - Bullish Divergence 3) Price action is showing rejection from demand zone(long lower wick candles) - Bullish reversal price action Additionally similar confluence is seen in TVC:DJI . Daily TF: 45 minutes TF:
AMEX:SPYLong
by PriceActionTrader1
3