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Retracement

AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22 Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 0.7171 short-term resistance level, overnight. Price formed an Inside Bar Breakout Pattern, earlier this week (We did not consider trading this pattern as it is an incredibly wide pattern which makes it hard to manage Risk-Reward and the market is very choppy at the moment). Potential Trade Idea 1: We are considering selling on a retracement higher to within the 50% range of the current Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high. Potential Trade Idea 2: For more aggressive traders, we are considering selling from the current Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.
Short
by UnknownUnicorn393254
MULTIPLE TIMEFRAME ANALYSISHaving Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion. I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question. TOP DOWN ANALYSIS APPROACH This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME. I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus. I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover MONTHLY CHART Monthly TimeFrame Blue 12EMA A Support that act like a trendline WEEKLY CHART Same like Monthly 12EMA But here Orange 36EMA on Weekly:A Retracement level to consider adding new Position in the Direction of the HTF We saw a slowing week on the last red That leads to the last week bounce DAILY CHART 36EMA rejection Bounce on DAILY Cautious area to take profit Look for Rejection Look to BUY Cheaper on OTF 8 HOURLY CHART 36EMA on 8HR with a Candlestick or PRICE ACTION to look for the Discounted LONGS and 2 good Confluences Candlesticks HAMMER Price Action + 36EMA bounce In Between the 200EMA 633EMA is a VOLATILITY GAP This is where I observably expect price to bounce Couple times in betweenbefore we can make a directional headway. A VOLATILE REGION You can identify in any market as price proceeds. So this gives you a readiness awareness of what to expect and for how long. 8HOURS represent a whole trading SESSION 6HOUR CHART Higher High 200EMA Selloff on 6hr Corresponds the36EMA on DAILY BULLISH ENGULFING on 6hr 36EMA after a potential longer term 8hr (All Asian Session) Price Bounce And maintaining of Higher Low Price Structure 4HOUR CHART Short Term Break of Structure (BOS) on 4hr Chart is a good caution to let us know that price won't just rise so easily higher 2 HOUR CHART For Price to Change Direction We have seen 1st 2hrs of hitting 200EMA rejection Another 2hours of Price Slowing without making a new low follow by 2hrs of another Price Slowing after a Preceding Downward Selloff Spiral A clear indication of good 6hrs of consolidation That eventually break out higher.Now we have a good reason to look for BUY OPPS on Smaller TF The lower timeframe analysis will follow on hourly to minute charts.
BINANCE:ONEUSDLong
by LukmanBalogun
2
IT's Time To Bounce ( With Actual Technical Analysis Content)NOTE: ZOOM OUT TO SEE ALL THE WAY BACK TO AUGUST 2021 to make sense of this Here we are... in the mixt of the most infamous parts of the crypto market cycle: The Start of a massive Bull Run. As we finally hit the first major retracement level. The question stands? Where do I buy? Where (too late now) would I short to? Where do I put my stop loss? Here is what I see: 1) Slight Head and Shoulders pattern forms in area around reversal, indicating bearish impulse. 2) BTC ranges between the 50% fib and 38.2% fib for a few days of time. This tells me, that 50% line will most likely serve as the pivot point back upward. I would put my stop loss probably somewhere in the middle of the 50% and 38.2% zone but beware of stop loss hunting that will likely occur before the up-swing. If you are margin trading, I would recommend setting a buy zone in that zone as well to counter the effect of a potential hunt. 3) Historical situations show that most of these retracements tend to occur with similar fashion. I have zoomed out (zoom in on specific current zone and August 21st, 2021 zone for comparison.) In comparing the zones: Notice the similar structure of the initial breakout/retracement pattern occurring in bot areas. **This does bring me to the point of addressing how this comparison does not line up with my last point. This is because this time period showed more resistance between the 23.60% zone and the 38.20% zone while the current shows what I mentioned before. Things may be similar, but rarely identical in this time and age. 4) The aforementioned zone in August 2021 shows a similar behavior as we analyze wave trends. We see a two pretty large impulses followed by the retracement period and as seen in August, that leads to an even larger breakout. 5) RSI typically dives down to get close to or touch off the 30% line leading into a bullish swing upward. I'm pretty certain that we are approaching a very clearly bullish segment after a cold crypto winter. Make a move, make some money.
Long
by PapaBear95
2
Correction complete time to long TEZOS XTZUSDTThis setup like any ALT/Derivative or Spot setup is and always will be dependable on how BTC is trading . Please ensure you understand this as I have been trolled by individuals whom dont understand the distinction and thus probably lose money and take it out on me . Ok well here we have the XTZ/USDT Pair on Bybit Perpetual contract . As you can see from the drawing we have completed a full retracement down to the .886 fib and made a nice reaction off of this level , with a back test of the .382 back on the 5th Of Feb and now we are slowly building on some upwards movement again . If you are looking to enter I would suggest that you set some alerts and maybe we pull back to the .382 when BTC throws a wobbly or the .236 if we were to fast wick down ... again revolving around BTC ! Sitting at the .786 level is the POC so i would not expect to go straight through it as i anticipate a fair level of resistance here . My targets would be around the 1-1 as marked and around the VAH . Ensure to take profits on the way up in increments of 25% for example . .Always use a SL and know your Invalidation
Long
by SJTRADESFUTURES
3
FB - Meta Is Showing What Is About To Come In The Stock MarketIn case you've been living under the rock, on 3rd of Feb. at the market close FB has fallen instantaniously for 20% and is since then continued to drop. I am not gonna focus on the news even though they did play a role here. Something had to happen somewhere between those large market cap stock and it looks like FB is leading the crash. Just so you know i don't believe the entire stock market is bearish yet, just some of the large market caps as this is where long term investors start to take profits first or rotate the money into still undervalued stocks like F (ford) or PTON for example, that haven't had their true bull run yet. Trying to count elliott waves i think we are close to the bottom which should come somewhere in the upper middle of the 2017-2020 trading range ($180-210). After that a expect typical ABC retracement of some sort back to the 70% of the initial fall to $320 price area (.702 fib. retr. lvl.) before continuing the bearish journey. I am not a financial advisor so non of this should be taken as a financial advise. Be well. NASDAQ:FB
NASDAQ:META
by AVA37
5
GALAA possible 5 count on GALA and an upcoming Resistance. I expect a mild correction in the next 24 hours. Although BTC looks like it might push for 44k, so GALA's 5th wave might be very overextended. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️ BINANCE:GALAUSDTPERP BYBIT:GALAUSDT FTX:GALAUSD FTX:GALAPERP OKEX:GALAUSDT OKEX:GALAUSDTPERP
by WhoIsWu
4
ETH - High Probability For Being In A Bear MarketETH and BTC had a phenomenal run this cycle. From $81 to over $4800 which is more than 5800% gain. I talked more in detail of why i think btc is in a bear market so for that go look about my previous idea about ETH. I expect the rotation of the money into other alts not only from BTC but also from ETH. Because of that BTC and ETH will still go up with the rest of the market, but only doing an ABC retracement back to the .702 fib. retr. lvl. which sits around $4k. Think of those two (BTC,ETH) as a bucket of water that has a hole in it so as water (money) is flowing in it also goes out at the same time even more so than it flows in. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:ETHUSDT
by AVA37
We Got A Funky Head And Shoulders On Gold. Will It Play Out?Looking at the 4-Hour view on Gold, we see that we have a potential inverted head and shoulders pattern playing out. However, we have not yet seen a retrace to the neck zone (Labeled on the chart ). As we are Breakout/Retest traders, we always always always like to see a retrace back to where the initial break out occurred from before we considered entering. The extreme price of the head is at the 1782.6 support level, and for the past few days, we have been expecting the price to trend slightly higher based on the divergence the histogram of the MACD has been showing. We have seen sellers weakening. We have also been expecting the price to push the 1810 point; old support flipped resistance. We also see a nice trend line moving upwards following price. This suggests bullish movement. We also notice volume decreasing, suggesting that a strong move could soon be on the cards. So play this carefully. Always wait for a setup to present itself and come to you. Never FOMO into a position. A retrace to the Neck zone would be where we would enter a long position. If we see no retrace and price heads towards the 1810 level without coming down to retest the trendline and neck zone, then no setup = No entry. A retrace to the neck zone and trendline would provide a safe entry with a RR of 1/4. The target would be the 1810 zone.
OANDA:XAUUSDLong
by TheVortexTrader
Here comes the Boom!!!Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Like we said earlier the bottom has been set last week Monday, now we going to challenge the 40k area real soon. Only concern is Joe Biden executive order that is coming up. If it is bad we can go back up to the glory days or if they try to kill the vibes then we can drop even more. Overall, i think the involvement of the American government is good for crypto but in the short term we are going to get a lot of volatility. Currently we trying to break above 40k and we are retracing into support. If support holds we going above 40k. We going to take this day by day since this new.
COINBASE:BTCUSDLong
by theStockprenuer
BITCOIN RETRACEMENT REVERSAL ? 1D CHART TABitcoin looks like it finished its reversal and is ready to drop further down like it did 21 Jan. after its previous retracement. Fibonacci shows us that the retracement is at the 50% fib levels, we could see the price reach the 61.8% but it looks like it is already in a downwards momentum. Here is a second scenario: ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by xtekky
Complete +60% Retrace on AAPL from 182.55 to 155.32, then pivot?Here is an approximation of the recent high and low levels derived from the plot of AAPL. A 60% retrace off of the low, to the positive, equates to 155.32+16.338 = 171.658 (estimate) This could serve as a pivotal level for AAPL. I anticipate a high probability of a pivot to the downside, given /NQ option data - particularly the 14500 level. At the time of writing this (30JAN2021 22:27 ET), I assume that /NQ 14500 will serve as a resistance. However, do note that late last week, especially Friday afternoon, there was significant buy-side pressure after a -10% approximate drawdown was approached.
NASDAQ:AAPLShort
by SeekingOpenInterest
XAUUSD Shorts (Daily)Waiting for a retracement to retest the wedge and then continue breaking downwards. I don't see price making a big bounce to the upside because I think the deal has been sealed for gold to the demand (support zone) - and then we may see a reaction with gold longs. Before we can have the shorts, I think it's very reasonable to expect a modest/smallish bullish retracement (daily chart wise) and then a continued dump by what a very dominant $$$. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
OANDA:XAUUSDShort
by nick2497