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Retest-structure

$LINK Testing the patience of the market$LINK's breakout from 25 dollars went as high as $29.37, but was quickly forced down by massive sell pressure from the #Chainlink team. A nice retest of the $25 area and a large wick on the 4 hour candle still looks pretty bullish to me. If this 4 hour candle is followed by a push above the pitchfork's .5 deviation? That would put price around $30, which would be a big psychological S/R flip. TL:DR look for link to break above the pitchfork median and continue to 30 dollars? If it does, I'd imagine more volume would follow and people chasing the pump would dive back in. It could also fail to establish itself over the median and fall to retest the .5, and even the 1.0 deviations. Either way, $LINK is a strong buy at sub 30 dollar levels for me. I'm only stacking and holding while waiting for staking to be implemented.
BINANCE:LINKUSDLong
by its_maxbro
10
RECLTD - Breakout and retest - Positional TradeThis analysis is done purely on basis of price action and chart patterns. The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target. The image is self explanatory. Range for entry, SL and Target is shown in image itself. This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study
NSE:RECLTDLong
by AdityaKarn90
APOLLOTYRE - Breakout & Retest - Good for swingThe above analysis is done purely based on price action and chart patterns. The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets Logic as well as the trade setup (Entry, SL and Target) is shown in image itself. Safe traders can wait for today's candle closing and if the level is sustained and volume is still not increasing, then entry can be taken above today's high. SL and Target will remain same The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management Feel Free to comment for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:APOLLOTYRELong
by AdityaKarn90
EUR/CHF Are we correcting to the 0.618 FIB ? Good Day traders !! On this pair we have a "W" formation on the daily timeframe and we are heading toward the neckline of this pattern in order to complete the pattern. Also we can realize a impulse correction impulse pattern and head to the upside after the retest of the neckline which is in confluence with the 0.618 FIB retracement. From an institutional perspective the Eur is strong this week and can expect a continuation to the upside without any issue. On the Swiss franc institutions didn't add any long during the last report of Friday but they closed a few short positions which can explain this retracement that we wish to see. On the flip side institution added a massive amount of long positions on Eur and that explains the power of the bulls from the beginning of the week. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to have your insights on this pair.
Long
by TheDayzen
5
RVNL - Retest of Breakout - Swing TradeThe above analysis is done purely based on price action and chart patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Logic as well as the trade setup (Entry, SL and Target) is shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:RVNLLong
by AdityaKarn90
XAUUSD 1862.69 -O.77 % SHORT IDEA * CONTINUATION & STRUCTUREHELLO EVERYONE A look at GOLD, now gold just had an impulse move with the bears with significant momentum traded in a symmetrical triangle and broke below of structure now it seems we are pushing up to retest this structure which may signal continuation, looking forward to this move to signal the trade and looking for continuation to the down side because momentum with the bears was just too strong and i'm thinking we might continue, gold is still within that descending channel which just saw a false break. As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET THE WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
OANDA:XAUUSDShort
by PULEMokhothu
Week 46: ZSF 2021 Buy at retest levelWeekly analysis for ZSF2021 Week 46: 09 to 13 November 2021 Market was pushing the price higher and made a new Higher High last week. The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session. Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a retest level to long. My personal trade call for this week : Buy Limit at $1,084 Stop Loss at $1,061 Take Profit at $1,130 RR = 1.92R Special note : As there is no reference on the Take Profit, we do not know how bullish it will be. My advise, watch for the Price Action in H1 and H4; they will give you an early warning whether to close manually or let it ride. If I happen to watch it, I will update it here on comment section. Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
CBOT:ZSF2021Long
by machintose
3
GBPUSD 1.29188 + 0.39 STRUCTURE & PRICE ACTION IDEAHELLO EVERYONE Here's an idea on the DOLLAR/POUND that broke out of the descending channel structure pushed up with the bulls then came down to retest structure and is currently trading in a nice recovery candle with the bull. looking at what price will do or rather will it break previous previous swing high and push up has will be watching price in my trigger area and a break above the 50 M.A would be one of those nice confirmations that trend momentum is shifting with the bulls. hope this idea assists in a way with your trading of the DOLLAR / POUND. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
3