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Retracement

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.
NSE:NIFTY
by Abhi_The_Chart_Reader
6
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. _______________ TRADE AT YOUR OWN RISK NOT FINANCIAL ADVICE
Short
by Lari_Pen
7
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
by TheCoinRepublic
XAUUSD | Perspective for the new week | Follow-up detailsWith over 24,000 pips in our direction since my last publication on this pair (see link below for reference purposes). The uncertainty around projective inflation status might have pushed gold down for a second straight week, to its biggest weekly decline since November. Now, are we within a demand zone for a trend continuation? Tendency: Uptrend (Bullish) Structure: Supply & Demand NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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.
OANDA:XAUUSDLong
by darcsherry
NAS100 17.03.2022Considering the volatile nature of the index and the uptrend for three days, its time for a retracement? It seems that the signal for reversal/retracement are obvious. However, there is a concern when looking at the past prices, resistance and support levels of previous days. These levels play an important psychological factor that governs decision making, so if a retracement takes place it will probably have a volatile path and Stop Losses too close to open prices will be compromised.
BLACKBULL:NAS100Short
by UnknownUnicorn5944879
2
Silver Retracement Coming soon !Price can potentially push to $27 within the next 1-2 days. I believe that once price achieves $27 it will pull back down towards the lower $20s range where there is a good supply zone. Silver has been in a downtrend these past few weeks. More recently price has been moving sideways as you can see on the chart. You can also see a slight breakout from the overall trend. Traders should wait and let the market confirm where it wants to go within the next couple of days. Either price will continue to break out of the trend or pull back down within the trend and to the supply zone.
TVC:SILVERShort
by Mr_WireTap
S&P500: Selling On A Pullback 8-3-22 S&P 500 – Cash: Selling A Pullback Into The Range Of Bearish Fakey Setup Price Action: There is no new price action signal to note at this time. Price moved lower from the recent Bearish Fakey Setup that had formed, mid-last week. Price broke and closed under the 4245 – 4270 prior key support area. Price briefly moved higher from the prior Bullish Pin Bar signal that had formed, over a week ago (We did not consider trading this signal as it had formed just under the short-term resistance area and against the recent short-term Bearish trend). Potential Trade Idea 1: For more aggressive traders, we are considering selling if price pulls back to within the range of the recent Bearish Fakey setup, with risk management above the Fakey Bar. Potential Trade Idea 2: We are still considering selling on a retracement higher and only after clear price action signal, whilst price remains below the 4484 – 4494 resistance area.
UShort
by UnknownUnicorn393254