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Pullback

Ford - A good spot for a swing trade Long?Looking at the Ford weekly chart, share price has fallen hard since Jan. of this year with no relief pull-back. Well over 50% from the low in March 2020. Is it at a good level now for that pull-back to happen? Notice a possible head and shoulder formation brewing in the works. Price is at the 200ema on the weekly and at the .618 fib level. The .618 fib level is at a point of support also. Stoch RSI has been under 20 since early Feb. Maybe a good time to pick up a few shares for the longer term investor. Or possibly a nice swing trade long. It'll be interesting if price just destroys this zone or reacts to it.
NYSE:F
by DubbsyFX
Why Do Pullbacks / Retracements Happen?When price moves from A to B, it rarely moves in a straight line. To get from A to B, price moves in that direction, retraces a little, then moves in that direction again. Why does that happen ? 1. Natural supply / demand dynamics The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The others which have not yet will look for a retracement to buy again or to even short the move.Sellers will inevitably start testing the move. To see its strength at a point where they feel buying is at its weakest. As the sellers join the fight, buyers will see the upward momentum drop. Some will begin to sell out pushing momentum further down. The market makers who are moving the market the most will also reduce their buying pressure so they can save their capital to support the market after the retracement In order to ensure that there will be a higher swing low. 2. Manipulation by market makers. "Saving their capital" sometimes generates whole trends, rather than just a small pullback. Long uptrends for long periods of times will eventually finally hit consistent supply above which MM will not be able to push further. At this point the big players will start dumping a large amount of their supply the market goes into a steep decline covering almost the entire distance of the uptrend before the big player starts to scoop up all the inventory at a low price and repeat the upside move again. 3. Shaking out weak hands In order for a market to push higher. It needs to shake out the weak hands by engineering pullbacks. Weak hands will provide the necessary liquidity for the market maker to push the price higher. 4. Stops hunting. Market makers know perfectly well there will be traders moving up their stops up with the market. They will hunt them down. Sophisticated algos and trading programs will be used for this which further adds to the supply that causes retracements to occur. If you enjoyed this information make sure to live a like! Let me know in the comments what you think about it!
BITSTAMP:BTCUSD
by Toni_G21
2505 4HPLAN GOLD going to pull back from FIBO 382 ?Hello traders, GOLD is meeting a typical position fibo 382 of last downtrend swing. RSI DIV meaning some sellers are trying to open position here. A small fibo 382 position could be a support for gold if it want to rise up again to next fibo position, like 618. Otherwise, it could retest the bottom again on 4h chart. So this plan on 4h chart is looking for a entry confirming signal later session totest bottom support levels. GOOD LUCK ON THIS PLAN. LESS IS MORE!
OANDA:XAUUSDShort
by FUNTRADER-Vera
1
KCSUSDT is ready for the monthly pullback?the price tested the demand zone on 10$ and get the new liquidity. Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly) How to approach? IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's strategy, we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
EURUSD sell zoneLast week we talked about a move up to 1,0660 We expect to see a continuation of this move. However, it's important to make sure that we know what's going on on the higher timeframes as well. We already have a sell zone on H4. That means, once we see price entering the zone we will be looking for a possible reversal and entries to the downside. All buys should be closed once the market enters the sell zone and especially after we see some reversal candles as well.
by ForexTrendline
13
The pullback on EURUSD will continue to 1,0660In the beginning of the week we talked about the potential pullbacks on the major pairs. Yesterday those pullbacks happened and we can now say where it will possibly end. EURUSD is trading in a clear downtrend on the H4 and Daily timeframes. But a part of this trend is a deeper retracement. Exactly what we see right now. That indicates for a push up to 1,0660 and maybe even higher before the next drop and price eventually breaking below the low at 1,0350. We don't trade the pullbacks meaning we're not looking to buy but instead, we would rather wait for another selling opportunity.
by ForexTrendline
25
SOLUSDT wants the 0.618 Fibonacci levelThe price had a bearish impulse until the 37$ where the market has the daily support. As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$. How to approach? The price needs to flip the 58$ and retest it as new support. If the price is going to gain the momentum we could see a pullback until the 0.618 Fibonacci level. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
$APE is on a pullback. Get in for a 23% gain On my 4hrchart, $APE has moved into a pullback pattern breaking my 9 period #MovingAverage and poking a small rejection THROUGH a 36 period average. It's my impression this will move to tye 50 period and test it a couple times. Using your #RSI you can see the reactivity. If you set your RSI MA at either 7, 9, or 13, you can use it ans a #supertrend. Each time a green #Hiken-Ashi closes ABOVE the RSI that is an indication to stay in the trade. This particular move started as a series of green candles were interrupted by a red tiny pin. Then switched back to green. This was simply a pause in tye move. My #Support and #resistance levels show the lower #wick of this pin extended beyond the lower part of the support #zone. Once the jext candle closed #Bullish it solidified the move up for a #pullback and the red candle basically gave you a new #Low to you. At this point you can 1. enter the next candle 2. Set your stoploss just below that pin-low 3. Set your #reward as a 2:1 This short move on a 4 hour #chart is still about a 20% gain on price. I think it is. I cant remember specifically because that's on another screen but either way, if you're buying at least 3 shares, it's a good move.
Long
by CoffeeshopCrypto
2
BTCUSDT ready for the pullback?The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe. On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k. How to approach? If the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
20