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Retest

Big accumulating for Massive Move??? Weekly Chart 455 days that is accumulating phase until now Doge's touched 3 times and bounced back from support Daily Chart Zoom out to easily this accumulating phase Chart 4H TF Now, Doge is trading around 0.0616x BINANCE:DOGEUSDT has resistance zone around 0.0667 and support around 0.0575 if Doge's downed If BINANCE:DOGEUSDT can break and close above resistance, I expect Doge will go up 0.08 Otherwise, Doge's downed...0.03 is support Time will tell
Long
by trieutv
SP500 terminal pattern and what I'm looking at.Here's what I'm looking at. We're currently finding support around the 4440 area along with the 50 day EMA. This recent pull back (last week) was on lower than average volume with the price closing off lows. The recent green day's we've seen i.e. Friday, Monday and Today were on higher volume than the days we pulled back. This shows that there's buying demand around this area. Now, 4490 along with the upper white trend line will act as a confluence of resistance. Bullish Scenario We break above the 4490 area this week and hold above it on a daily closing basis. This will show buyers conviction and willing to push the market higher. If that happens, the 4540 area would be the next major resistance; and a break above that would be really bullish. Bearish Scenario We move higher towards the 4490 area only to find selling pressure and head lower. If that's the case I doubt 4440 would be able to hold as support and we may end up moving lower to the 4360 area as that would be the confluence of support by the lower trend line and that horizontal level. Tomorrows PPI numbers and Unemployment numbers will set the expectation and tone for the FED meeting in the following week. The pattern in the chart attached is a terminal pattern so we have until October 13th, 2023 to break out of it to either side. As always DYDD and be sure to manage your risk. Losing a small amount of your allocated capital is better than having that capital stuck in an under performing asset.
PEPPERSTONE:US500
by HaseebKhan_90
MA Ribbon: A Potential Bullish Signal ? 🚀📈 The MA Ribbon: The MA Ribbon is a collection of multiple moving averages of different periods, smoothed to create a visual ribbon-like effect on a price chart. It's a powerful tool used to gauge the overall trend direction. 🔄 The Importance of Retests: A retest occurs when the price revisits a particular technical level, in this case, the MA Ribbon, after moving away from it. It can be a crucial moment in chart analysis. 🐂 A Potential Bullish Signal: In many instances, when an asset retraces to test the MA Ribbon, and then bounces back upward, it can signal the emergence of a potential bullish trend. It reflects that buyers are stepping in to support the price. 📊 Confirming the Trend: To confirm the bullish trend, traders often look for additional signals, such as increasing trading volume or the formation of bullish candlestick patterns. 🔮 The Road Ahead: While a retest of the MA Ribbon can be an encouraging sign for bullish traders, it's essential to remember that trading involves inherent risks. Always use proper risk management and consider other factors before making trading decisions. In conclusion, a retest of the MA Ribbon can be a promising development for those looking for bullish opportunities. However, it's just one piece of the puzzle in the world of trading. Stay informed, stay cautious, and remember that successful trading requires a comprehensive approach. Keep your eyes on the charts, and who knows, the retest of the MA Ribbon might just be the start of a bullish journey! 🌈📈
INDEX:BTCUSD
by AlexWhale
BITCOIN IMBALANCE : March 2023 Fractal Today, we're delving into one of the essential aspects of trading - imbalances. This concept can be your trusted ally in navigating the dynamic world of cryptocurrencies. As an example, let's consider a situation from March 2023 when we experienced a drop due to an imbalance, followed by a retest and a continuation of the upward trend. 💡 What Are Imbalances? Imbalances occur when there's a significant disparity between supply and demand in the market. This can lead to rapid price movements as the market seeks equilibrium. 📉 The March 2023 Scenario: In March 2023, Bitcoin saw a significant drop, which many attributed to a market imbalance. However, what followed was a crucial moment. Instead of a continued decline, there was a retest of lower levels. 🔍 The Importance of Retests: Retests are pivotal events. When an asset retests a previous low or support level and manages to hold or bounce back, it often signals a shift in market sentiment. In this case, it marked a potential end to the imbalance-induced decline. 🚀 The Resumption of Uptrend: After the retest in March 2023, Bitcoin started to climb again. This example illustrates how imbalances can be opportunities for traders, especially when combined with a thorough understanding of market psychology. 🔮 The Future Awaits: Imbalances are just one aspect of the intricate cryptocurrency market. While they can provide valuable insights, always conduct proper research, and consider other factors before making trading decisions. In conclusion, understanding imbalances can be your compass in the crypto world. By recognizing their presence and closely watching retests, you may identify potential turning points in the market, just as we saw in March 2023. Stay vigilant, stay informed, and remember - in trading, imbalances can be the precursor to significant opportunities! 🌐💰
INDEX:BTCUSD
by AlexWhale
Types of RetestsHere you can see few examples of a Retests 📊 ⚫️ First example is a regular support and resistance retest. It occurs after price breaks this zones. Price then goes back to test previous support or resistance and this is usually good place to enter a trade. ⚫️ Second example is a supply and demand retest. ⚫️ Third example uses help of volume profile indicator. Areas of a high volume profile represent zones where potential retest can occur. ⚫️ Fourth example is a simple trendline retest. Very useful when you look for a reversal entries.
OANDA:XAUUSDEducation
by SanShone
3