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Pullbacktrade

OR | Wave Analysis Mapping- Channel Breakout - Pullback TradePrice action and chart pattern trading > Elliottwave downtrend channel confirmed breakout crossover SMA200 heaven/hell line - RSI TFD already overbought - Pullback trade for medium-term is recommended > Target @ volume profile POC 1.618 extension zone and 2.618 zone for 2nd target > Stoploss @ Wave 5 zone Inverted Head or right Shoulders > RRR: 2:1 downside less than 10% Always trade with affordable risk and respect your stoploss
SET:ORLong
by dukeposh
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$, According to Plancton's strategy, we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
EURCAD: A Potential Buy Opportunity From the Bottom -INTRODUCTION- Last week, EURCAD has retraced to the previous resistance area at 1.3760 level after reaching a new low at 1.3400 level. As we forecasted in our previous EURCAD analysis, the price fell from 1.3760 resistance level and retested the yearly low of 1.3400. After retesting the yearly low, the price formed a double bottom pattern, followed by a strong bullish impulse sending the price above the next resistance level of 1.3470, making a new short-term higher high. Therefore, we will look to enter buy positions after a pullback. -TRADING PLAN- The price is currently testing the 1.3540 resistance level. In one-hour chart, we can see the price slowly retracing lower after strong bullish candles. This price movement follows the bullish continuation characteristics. Therefore, we expect the price to retrace and retest the support level of 1.3470. From there, we will look for a consolidation/reversal pattern and then prepare our buy entries. Check out our previous EURCAD trading idea below :)
Long
by NicoBeau_Capital
SOLUSDT wants the 0.618 Fibonacci levelThe price had a bearish impulse until the 37$ 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
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
DARUSDT bearish butterfly in formationDARUSDT bearish butterfly. The price action is in a confluence with the double bottom formation of BTCUSDT. The Fibonnacci ratios is wonderfully converging with local support and resistence. A Potential Reversal Zone (PRZ) is expected from D point 1.41 Fibonacci extention ratio. Oversold condition for the intraday and hidden bullish divergence on Ehlers' Fisher Transform oscillator (detail in aupdates). Ehlers' Fisher Stochastic Sinewave bullish after price action retrace from 50% to 88.6% Fibonacci Retracement. 14.6% Fibo targeting in conjuction to expected XD leg upward Butterfly extension. That's the perfect scenario for a pullback and I bought a buch of DAR tokens for 1USD. Not a financial advice, only my technical analyses.
Long
by firmestudio
1
KNCUSDT wants the pullback? The price is going to have a retracement after 4 months of the uptrend and now it's testing an important area as new support. The price could have a pullback before a new bearish impulse until the monthly support. So, how we can approach it? IF the price is going to have a pullback, 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 🦐
Short
by InkyGrip
2
$ADM offering a pull-back recovery entry?Notes: * Great earnings record in the past 2 years * Very strong up trend in all time frames * Offering a potential pull-back recovery entry * Recovering with well above average volume Technicals: * Sector: Consumer Defensive - Farm Products * Relative Strength vs. Sector: 4.42 * Relative Strength vs. SP500: 8.38 * U/D Ratio: 1.62 * Base Depth: 14.79% * Distance from breakout buy point: 0.45% * Volume 73.23% above its 15 day average. Trade Idea: * You can enter now as the price is recovering from the pull-back with higher than average volume. * If you're looking for a better entry you can look for an opportunity around $93.5 * Or even $92.1 given the current market conditions * Manage risk accordingly
NYSE:ADMLong
by HaseebKhan_90
$WLK ready to head higher?Notes/Thoughts: * Strong earnings in the recent quarters * Strong up trend in the longer time frames * Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation * Close to the pullback recovery area of $127.11 * Recently tested historical all-time-highs of $114.47 as support Technicals: * Sector: Basic Materials - Specialty Chemicals * Relative Strength vs. Sector: 13.47 * Relative Strength vs. SP500: 11.83 * U/D Ratio: 1.45 * Base Depth: 12.05% * Distance from breakout buy point: 0.75% * Volume 19.05% above its 15 day average. Trade Idea: * You can enter now as the price is still close to the pull back recovery buy area * Manage risk accordingly * Due to the current choppy market conditions I've tightened my stop to 4% and reduced my target to 6%.
NYSE:WLKLong
by HaseebKhan_90
STORJUSDT reclaims the monthly resistanceThe price got a rejection from the main resistance on 1.41$ where the market created a weekly resistance. on the 4H timeframe, the price created a clear double top and got a rejection from the 1.414 Fibonacci EXT How to approach? The price is testing the daily support on 1.13 Fibonacci EXT level. The price needs to create a new breakout on the 4h resistance where the previous impulse started. IF and only IF the price is going to have a breakout from it, we could see a pullback unit the monthly resistance on 1.12$
Long
by InkyGrip
8
BTCUSDT wants to retest the lower trendlineThe price lost the weekly support on 42k and now the price is testing the 40k key level. On the daily timeframe, the price is creating an ascending channel, the first impulse started from the monthly support of 32500$. On the 4h Timeframe the price created a M Pattern and the market retested its neckline as resistance. How to approach? The price wants to retest the lower trendline of the ascending channel on 37000$ on 1.13 Fibonacci EXT. We could see a pullback on the weekly resistance before the next bearish impulse. 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 🦐
Short
by InkyGrip
12
BTC-DAILY-KIJUN-SEN BREAKOUT ...DAILY (D1) Yesterday's price action triggered a long black candle ( BEARISH ENGULFING ) with, and IT IS VERY IMPORTANT, ITS DAILY CLOSING LEVEL (@ 42'290) , for the first time, since a while, BELOW THE KIJUN-SEN !!! This move must not be underestimated and must be taken very seriously. Indeed, the KIJUN-SEN was the last significant support to look at and the breakout of it is confirming further downside in the cards towards the next support level, which will be this time the weekly TENKAN-SEN @ 41'279 ahead of the DAILY VERY THIN CLOUDS SUPPORT AREA (39'854-39'400) slightly below the psychological 40'000 level. Secondary support trend line currently @ 38'739 and primary uptrend support line currently @ 36'225 Watch and monitor ongoing today's price action (pullback) in the direction of the Kijun-Sen recent breakout (actually @ 43'188). In the current environment and in order to neutralise this ongoing downside risk, the BTC should quickly recover and close on a daily closing basis above the KIJUN-SEN , which if it is the case, would at least trigger a PIERCING LINE , (slightly bullish pattern, not as powerful as a Bullish engulfing pattern, but at least a stabilization signal) A failure to do it would be seen as a natural pullback providing selling opportunity (ie selling on rally with a stop loss above 44'000 targeting tactically 40'000 in applying a RR ratio of at least, ideally 1:3). Strategic idea would target 36'225 allowing to increase the level of the stop loss above the ongoing downtrend line resistance in keeping a respective and coherent RR ratio ! As usual watch H4, H1 and shorter intraday time frames to get early signal (s) which will help you to act accordingly in validating or invalidating the DAILY implications previously mentioned. And do not forget, if you like my analysis to like it and for those who do not follow me yet on TRADING VIEW (one of the best charting application available at the moment),https://www.tradingview.com/gopro/?share_your_love=Ironman_8848,please do not forget either to add IRONMAN8848 in your following list. Many thanks in advance for your support. Have a great weekend. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
VETUSDT PullbackThe price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance. On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again. How to approach? The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$ –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
8
⭕️SELL CADCHF 🧐🔰You can see the analysis of the Canadian dollar in Swiss franc in 30 minutes time ( CADCHF , m30)🔎 As you can see in the image, the support and resistance ranges are marked in yellow and the trend lines are marked in white. In case of failure of the trend line , white and pullback❗️ price to it. I will sell. The limit of loss and profit limit are specified in the image.🧐 ⚠️⚠️Please observe capital management and open a low volume transaction.❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 __________________📈TRADER STREET📉___________________
Short
by TRADER_STREET
1
SCN-W1 | Inverted Head & Shoulders Pullback Trading SetupPrice action and chart pattern trading setup > Inverted Head&Shoulders breakout and retest > Entry at the pullback position > Target at previous high zone 0.786 - 1.0 > Stop zone at the right shoulder area Indicator: > Smart money and banker chip strong volume support index 2.0 > Fundflow RSI above 50 > BBD signal above baseline 0 > KDJ stochastic on the uptrend above 70. Always trade with affordable risk and respect your stoploss
SLong
by dukeposh
BTC-DAILY- CONSOLIDATION THEN HIGHER !DAILY (D1) Price action seen over the last couple of days should be seen as constructive for further upside. Indeed, 1) the breakout of the TRIANGLE PATTERN by a long white bullish candle 2) Next candle closing above the previous closing So after, having reached an intraday high above 48'000 yesterday, @ 48234, we may see some correction, like a pullback towards, potentially the former high @ 45'850 or even lower towards the TENKAN-SEN @ 44'375; such kind of price action, if seen, should be considered, in the current market environment as a consolidation move in a new daily BULL TREND, calling for a move above the psychological 50'000 level and towards the next very important resistance area of 50'975, which is the KIJUN-SEN on the weekly basis. The breakout of the triangle pattern gives a TARGET OF 57'850 ! A FAILURE TO HOLD ABOVE THE ONGOING NEW SUPPORT TREND LINE, CURRENTLY @ 43'720 WOULD CHALLENGE THE EXPECTED BULLISH SCENARIO CALLING FOR HIGHER LEVELS ! Watch price action on both RSI and Lagging line WEEKLY (W1) Ongoing price action is showing an upside breakout attempt of the clouds; next significant resistance level , being, as mentioned previously, @ 50'975, which is the weekly KIJUN-SEN & 50% Fibonacci retracement of the 69'000-32'950 downside move. RSI @ 53.61. LAGGING LINE in support above the CLOUDS and the KIJUN-SEN As usual, monitor and watch closely price action on shorter intraday time frames which will help you to validate or invalidate the implications previously mentioned in the DAILY and WEEKLY time frames. IRONMAN8848 & Jean-Pierre Burki
BITSTAMP:BTCUSDLong
by Ironman8848