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Retracement

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 $20s range where there is a good supply zone. Silver has been in a downtrend these past few weeks. More recently price has been moving sideways as you can see on the chart. You can also see a slight breakout from the overall trend. Traders should wait and let the market confirm where it wants to go within the next couple of days. Either price will continue to break out of the trend or pull back down within the trend and to the supply zone.
TVC:SILVERShort
by Mr_WireTap
S&P500: Selling On A Pullback 8-3-22 S&P 500 – Cash: Selling A Pullback Into The Range Of Bearish Fakey Setup Price Action: There is no new price action signal to note at this time. Price moved lower from the recent Bearish Fakey Setup that had formed, mid-last week. Price broke and closed under the 4245 – 4270 prior key support area. Price briefly moved higher from the prior Bullish Pin Bar signal that had formed, over a week ago (We did not consider trading this signal as it had formed just under the short-term resistance area and against the recent short-term Bearish trend). Potential Trade Idea 1: For more aggressive traders, we are considering selling if price pulls back to within the range of the recent Bearish Fakey setup, with risk management above the Fakey Bar. Potential Trade Idea 2: We are still considering selling on a retracement higher and only after clear price action signal, whilst price remains below the 4484 – 4494 resistance area.
UShort
by UnknownUnicorn393254
ETHUSDT is testing the 0.618 Fibonacci LevelThe price got a rejection from the M's neckline as I told on the previous analysis exactly on 2830$. On the daily timeframe, the price is still inside a descending channel above an important support 2400$. The market printed a double top on 3250$. On the lower timeframe, the price is testing the 0.618 Fibonacci level as new support after the breakout from the 2700$ How to approach? For a bullish scenario, the price needs to have a clear breakout from 3k resistance with Volume, and retest it as new support. Otherwise, If the price is going to lose the weekly support, above 2400, we could see another bearish impulse and the next valid support is 2k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
2
BITCOIN FEBRUARY CRASH - BTC/USD The trendline from the wicks match exactly with 2.272, 2.414 fib extensions and the technical target from the falling wedge. I believe BTCUSD needs to spend some time between 28k - 38k, more so inside 32k - 38k levels. It might also bounce from the upper trend line which coincides with 0.5 0.618 levels, 39 40 is also psychoologically a bouncy level. Another option is around 33k where BTC recently bottomed and it lies inside what I call fibonacci golden pocket between 1.272 - 1.618 levels. Nevertheless here are the targets a little closer. Don't forget that if the top of 44613.68$ is broken the fib extension should be redrawn and all the levels would change slightly. All of this would be invalidated if BTCUSD closes a day above 52k or ends the month over 46.3k. The reason behind 52 is that it is the 0.618 retracement where higher than this means most likely the dead cat bounce scenario will not play, and secondly 46.3k Feb would print a bullish monthly candle BINANCE:BTCUSDT
BINANCE:BTCUSDShort
by KaynakiKaymaki
2
NZDCAD - SHORT ENTRYNZDCAD is in a downtrend (as we can observe, it creates lower lows and lower highs). The price broke the mid-term support zone (0.86160 - 0.86400) and created a lower low after which the price retraced from this impulse down to support turned resistance (0.86160 - 0.86400). This retracement coincides with 61.8% FIB level, which serves as another confirmation of a potential move down. As of now, the price shows an indecision by consolidating (easier to observe on 1H timeframe of lower). A logical place to enter the trade would be to wait until the price breaks down from that consolidation support (0.86205), creates a new short term LL and retests the 0.86205 level. Stop loss could be placed slightly above the next FIB level 78.6, with the target profit at 0.84160 level, which has served as a strong support level in the past (although you could target the most recent lows, -27.2% or -61.8% of the FIB, which are more risky TP levels).
Short
by iuliansirbu1109
No Setups For Gold - Waiting For Daily RetraceHi Traders, Hope you have all had a great weekend Today we are just looking at Gold. We noticed that the 1-Hour head and shoulders from last week did not play out. My reasons for this were A) It was going against the trend B) I never trade around high time frame resistances as things can get very choppy before a move becomes clear On the daily Timeframe, we have still not come back down to retest that old resistance and flip it to support. This makes me unsure to keep finding long positions until I know for certain that we aren’t coming back down in the very short term. Once I know this I can put that expectation aside and keep looking for opportunities. On the 4-Hour view, we have a bit of price structure that was broken to the upside and is currently coming back down. Whether this is a retest or not remains to be seen. We also have a trend line ascending upwards. Im not such a fan of trend lines - they are extremely subjective. As it stands, I see no setups for me. Let’s keep an eye out. Vortex
OANDA:XAUUSD
by TheVortexTrader