Retracement
Shark Complete 🦈EUR/USD - Shark complete with a 4H BOS, price is sitting in premium zone for buys, i was shorting this and it broke the last demand zone before structure, now i'm looking to take this long up towards premium sell levels for continuations! (Be careful with lots as this is a retracement)
Let me know your thoughts!
|* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
EURUSD below 1,1000Yesterday we saw a drop on EURUSD which invalidates the expectations for short positions at the 1,1200 level.
There are 2 options to sell.
The first one would be if we see a pullback and rejection of the 1,1050 level.
The second one would be on a break and retest of the previous lows.
Both scenarios could happen today. We will have a better risk to reward ratio on the first one but a better confirmation on the second one.
Probly gonna sell soon eh?Perfect stop up at the Fibo. .62 retracement of correction, a Fomonacci high.
This has been a pure technical rally in face of most worrisome bad news in years.
Meme stonks back in action and FOMO drives higher nearly every session.
Would not bet on getting a lot higher but ofc it can always creep up.
UNVR broke the trend lineAfter broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order.
If the price show reversal pattern (can be pin bar or engulfing candlestick) in the first demand zone (rectangle), I will buy. If the price still continue the pullback, I will set the limit order in the second demand zone (the lower rectangle).
StoneCo (4H) - short term Bullcase // could it fill the GAP ?Hello traders (and some investors ?),
As you could notice, most of high-growth and tech stocks are in bear market for last several months.
While huge part of them formed abc corrective waves down. StoneCo formed impulsive wave (of 5 subwaves) DOWN =that´s not good sign because impulsive waves are never alone.
So my thesis how to play this stock is this.:
- You can see there is a GAP around 27-29usd which is around 0.238 retracement. (possible 140% gains).
Fundamentals:
-- there is huge risk, as it is Emerging market in Brazil.
- A lot of competitors(like NU bank) with much bigger backing (Berkshoire invested in both, also Softbank, ...)
++ StoneCo grow very fast in terms of AMU and revenue.
+/- management hired some advisors which could help to restruturalize business (and also increase expenses :( )...
+/- Stone aquired some businesses which was very good step, but I really dont understand why they bought stake in Banco inter (AT THE TOP !!) = seriously guys, they should consider hiring at least average trader / Technical analyst for this kind of aquisitions / investments...
+/- stock price correlates highly with other Groth/tech stocks (check my Fintech/ecommerce analysis ... seems like Stoneco correlates more with Chines market than SaP).
So fundamentally its 50/50 and depending on many variables = long term it could be nice investment if you are willing going to the moon or to zero....
Right now I´m not willing take so big risk to hold it forever, so my target is around 28 usd. if we form wave C of correction UP, I will sell everything and watch from side.
Take care, strade safe and enjoy the ride. ;)
OUTLOOK OF AMC ENTERTAINMENT HOLDINGS (AMC)HEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be certain
IF anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational biase on top of your own analysis.
like for support!!!!
Cardano finding support @ $1.11Looking at a retrace to $1.11 area for a double bottom Bullish setup. Watch if this breaks down further. May form a small H&S to fall to $1.00 area. We need to have Cardano maintain and hold a support level above $1.28 to confirm its uptrend. Anything less we're still in a downward slope. Looks like this pullback will indeed hold tho and further higher highs are inevitable either way for THIS week. Good luck and have a great week!
BTC 4HR Possible price movements/targetsPrice needs to hold the Breakout of the uptrend and gain the Excess price line.
BTC Overbought now so retracement to lower levels very possible.
If price breaks above, I am going to watch the Long POI as possible retracement target for BTC.
Before BTC will try to go to the 50K level.
No financial advice
BTC Under extreme pressureHello traders!
In the past few days Market rose up and every coin is at least 50% up. If we talk about BTC it is 40% up from Feb low and if we look at Jan lows it is about 45% up and at the reaction zone, it will be up exactly 50%. There is a chance that we will see a hard dip from the reaction zone.
BTC was inside a rising channel since 14 march now it's broken and it broke towards the upside, BTC can not outrun the rising channel it is important for BTC to break it downside before taking any other decision.
The downside can start anytime, we have to look closely at the pattern to catch the peak. It can start from 49000 to it can start from the True reversal point which is at 50028.
I am afraid that brokers will go greedy and will play their final move and they will take BTC to 36K within no time. It can be a very hard crash with a 15/20% crash in a day.
If the market formed a pattern below the rising channel then there is a chance buy trades are safe, if BTC failed to form a pattern below the rising channel then RIP to the buyer because you will see a glimpse of what brokers can do in this non-regulated market.
One more thing I must add is that after a dump if you hear bad news and blame a dump on bad news then you are wrong.
Don't forget to hit the like button and follow to stay connected.
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XAUUSD | Perspective for the new week | Follow-up detailsPrice is presently within the buy opportunity zone we identified during my last publication but we still need to be patient for confirmation details to buy the Gold as long as the price does not break down the bullish trendline. I shall keep you posted... Good Morning
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Buy the retracement then Short GBPCHFThe Price Imbalance above was filled by the High Of The Week (HOTW).
Price then dropped to go lower than the open of Monday.
A breaker was formed on Friday and the price will go up to clear the Liquidities slightly above the High of Thursday.
This will be the sell entry point to go short as we enter a new month.
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USDJPY short opportunity for retracementCurrently, JPY is oversold due to resent BOJ statement about keeping its low interest policy. Perhaps, we might see some retracement before more bullish move to the upside.
If price fails to create HH and creates LL on 4h timeframe, we will execute short trade, tp around support around 118.5.
20 years Fibonacci based analysisNSE:NIFTY
In previous years nifty has expanded a lot very fast.
it can be seen in chart that nifty has increased by 145%(approx.) from March 2020 till October 2021 , after which a down trend was observed on monthly chart.
By taking previous years in account, it can be concluded that Nifty showed a retracement every time. and it was about 50% on an average.
Currently Nifty is going through a retracement since November 2021 on monthly chart.
So how long will the retracement continues?
this is the only question arising in my mind.
will it give a minimum of 38% retracement? or more ? or less ? god knows.
comment your opinion below.
This study is not a trade recommendation, do your own study and research before getting into any trade.
short ETH/ USDT: Bearish divergence appeared!The live Ethereum price today is $3.436,29 USD with a 24-hour trading volume of $16.184.015.412 USD, -0,15% in the last 24 hours.
POSITION: SHORT
ENTRY PRICE: > 3.450 $
TARGETS: $ 3.300-3.200 / 2.800 – 2.700 / 2.450 / 2.200 / 1.900-1.800 /
STOPLOSS: $ 3.900
After its bullish momentum ETH seems approaching now a significant correction , as the price has already hit the upper level of Keltner channel on 4h timeframe. Historically after such a bullish momentum, price usually starts its rally to the downside, ranging between the trend line and the lower level of Keltner channel. Also indicators are pointing out to a possible decrease, in fact a bearish divergence has been spotted, as shown by the black lines.
MACD is looking bearish, below the trendline, RSI is 50, buying volumes are decreasing and RSI divergence is still under 0. For all these reasons I highly expect the short position to play out. In order to enter the position, wait for the bearish fractal to appear (green triangle). A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart and signals the price could move lower.
The entry point corresponds to 0.236 Fibo level and all the targets corresponds to previous resistances: 0.382, 0.5, 0.618 and 0.786, levels which all have almost perfectly predicted support and resistance zones historically.
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TRADE AT YOUR OWN RISK
NOT FINANCIAL ADVICE
The EOS trend has reversed, and investors are now aiming for $10EOS coin saw a reversal bounce back from the 2022 year’s low and has gained nearly 35% of its value since last week.
The EOS coin is observing a retracement phase today near the 100-day moving average in terms of the daily price chart.
On March 16, the EOS token showed a bullish signal by breaking above the 20-day EMA in the context of the daily price chart. So far, the crypto manages to move above the 20 and 50-EMA, but today the bears are looking aggressive near the 100-EMA (Yellow). The bulls need to push the coin price above this bullish barrier.
Stoch RSI is observing flat into the overbought territory in terms of the daily price chart, where the simple RSI turned its peak to the downside, and now it is at 65-mark. Both of the RSI may impact the bullish trend.
The Average Directional Index (ADX) is slowly moving up and is following an upward trendline, which indicates strength in momentum for the EOS coin.
A retracement phase exists after a sharp rise, where EOS bulls should wait for this pullback to end. Buyers above the 100 EMA line will turn aggressive.
Support level - $1.80 and $1.5
Resistance level - $3.0 and $5.5