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Retracement

The Beast - Here Again 1 week later - can we break?Now this is definitely junction zone! IF WE FAIL TO BREAK THE CURRENT RESISTANCE THEN WE WILL COULD BE SHORT FOR A BIT Please try not to go long from here if you are not already in and if you do, expect lots of stop outs so may be best to scalp. We have Crude oil Inventories today,this is due to be used for some manipulation today. If like us, anyone is still holding anything from 24th ($82) and 25th Jan ($83) then good on you! We will let ours run and move Stop losses to 85.5 for any shock drops. Although there is a big chance of a retracement,we may still be on course for what the target was on 190122. That is 88.03 as the top of the next box suggests. When we get there it will be interesting to see what happens. If we do get a strong retracement from these levels or indeed the beginning of "the short," We will be looking at 83.7-9 for a bounce or the resumption of the Bullish movement. We have a 4 hour close in the box above so if we see some more Blue,it will be extra Bullish confirmation for us. We can expect a reaction from there 88.3 (if it can get there) which will either see a sharp rejection or an over extension to get some more of the Red Vector candles from October 2014. Remember this Beast could actually get to $92/$93 in the next few weeks if whats going on with Russia affects as well as other factors cause it to blasts past certain resistances above. 88.3 is a very important level if it can get there so be careful. Goodluck guys! This is not financial advice and should be taken with a pinch of salt!
TVC:USOILLong
by Squeeezy-Trader
Analysis GBPUSD (Overall down Side)Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 38% to the 50% retracement to reach to the target area. According to the RSI, there is a divergence which it let me know that it is retracing. It also shows the engulfing candle to the retracement area around the Quarter point and making LH and LL's. Beware: news is coming out for all the USD pairs. It is a red flag. starts 1/26/2022 2:00pm EST time. Thank you for reading!
Short
by MonaySess
Geometric, trendlines and fib structures for mapping bearWe have crossed the 10% correction on Nas in rapid manner. The wise investor has a roadmap, doesnt blow their load in one go. Using an arc that originates at covid low and terminates at the oct 2018 high, intersecting a long term nas trendline that captures pre 2018 support. fib extensions of the spring/breakdown zone that we experienced between 15.5k and 16.7k point to (1.618)12.875k, and (2.618)10.44k. fib retrace from 2018 low place a focal point almost exactly at nas 10k. The arc provides room for upside and criteria for breakout from the bear market. This doesnt need to be a bear market, (we can V shape back to 'normal' again), but quantifying protracted downside can help map things out. If you dont prepare, then prepare to get smoked! -queso_lord
OANDA:NAS100USD
by UnknownUnicorn3390306
2
AMD Update ! Possible End of Correction ! Long to 189 USD!AMD is still strongly bullish stock. It can reach to 189 or even above 200 targets at the end of usual wave structure ! Why I used the word " USUAL " ? because there are some alternative major and minor valid wave counts. What I propose here is the one I suppose to be the most probable !. If true! the correction of labeled wave iv (circled) is finished yesterday or we are very close to the end of correction! See? Here there are again two possiblies ! However, there is no much difference between them ! just a minor difference ! Two correction possibilities are shown on the chart and I will explain them later in this publication. In the next bull run AMD is going to complete the final leg up ( circled wave v) of the wave cycle which labeled as wave 3 around 189 USD . This target is obtained by confluence of 0.618 Projection of circled i-iii waves from base of circled wave iv and 1.618 extension of circled wave iv from top of circled wave iii and also top of parallel channel ! If market choose our predicted path , It will be at our target at the time of next Earning Report ! Top of channel Break out and make a path for eve higher targets and make us to provide a major update? or lower than expectations ER and starting a decline as predicted? Too soon to judge but we certainly follow! Stochastic is in oversold zone and making a bullish cross which can support our idea well. Labeled circled wave iv correction can be traced beautifully inside a minor down going channel. Price reacted to base of this channel well and strongly however, there is possibility to hit it one more time to complete the alternate correction scenario ! What are alternative correction scenarios ? 1. First is double zigzag . in this case our proposed correction is already finished and the bull run is started. 2. Second is regular flat correction . In this case one more tiny leg down is expected which can be just a shadow below yesterday low to complete the final wave c structure . 3. Third is triple three correction which is still possible but it is too soon to talk about. As you see Elliott Practicing is art of dealing with possibilities not certainties ! I will publish an educational idea on the subject soon. All in All , I am strongly bullish on AMD, any other possibility may deviate from our bullish scenario in short term but in mid term as I previously emphasized all scenarios suggest very high targets. please do not hesitate to ask any questions if it is needed. Good luck my friends and wish you considerable profits.
NASDAQ:AMDLong
by SaeedSajedi
7
Gonna Bounce SoonBetter close ur shortz. Look at time and price patterns past two weeks. Down, down, Up; down, down....UP coming See SqMo get ready to turn see WT bending, RSI oversold, people say, gonna get more oversold! Maybe so, won't last much longer. Get ready for a big pop, a short-killer. When greedy put holders close out for loss the MMs can wind up their short futurz and BAM! Up she blows. (OFC you know when MM sells a put, they short the futures to cover it, right? When the put covers, they BUY the Futurz BACK... and up she goes) After the first lift on futurz covering, short sellers head for the exits and spark the next pop, and she goes, pop...pop...pop... you do not wanna be short here IMO. These pops are explosive and sudden, watch your puts melt in seconds! If you holding UVXY, watch it vaporize... Wyckoff UTAD possible, at least lift to the TL as shown, ~4680, then more distribution, eh. Probly gonna open lower and dig down a bit in AM. Watch for the pivot. 2-3 day rally incoming IMO
CME_MINI:ES1!Long
by DaddySawbucks
3
NQ Power Range Report with FIB Ext - 1/19/2022 SessionCME_MINI:NQH2022 - PR High: 15248.50 - PR Low: 15192.50 Evening Stats (As of 12:00 AM) - Gap: = N/A - Session Open ATR: 336.40 - Volume: 61k - Open Int: 234k - Trend Grade: Neutral - From ATH: -10.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 16677 - Mid: 15333 - Short: 14961 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2022Short
by mv3trader5
BTC Golden Zone!!When looking at BTC on the Daily TF, we can see after its selloff, that it's currently in the golden zone based on the Fibonacci Retracement Tool. Data shows that this is typically a good area to anticipate a price reversal. It printed a green candle yesterday or in my case blue candle showing indecision and it's looking like it's preparing to move higher. BTC is currently at support so I think entering now, with a tight stop, would be a smart move. If we do end up falling below this support we can expect a drop to around 30k. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
$HERO Bullish Idea!KUCOIN:HEROUSDT is a premier metaverse project that has the potential to catch up to the leaders in this space. IDEA: $HERO put in an impressive 30-day run before having to take a refuel break and it looks like that break is just about done and $HERO wants to start running again. Confluence: 1) Wave 4 pullback to the golden zone and a nice bounce off the 0.786 retracement. 2) MACD & RSI look primed Entry: 1) Waiting for a cross above the 200-day moving average at $0.155 would be a safe play. 2) Riskier investors will want to enter now. Target: 1) The midline of Andrew's pitchfork lays a nice target of $0.30 with Q2 being a solid timeline. Would love to hear your thoughts on KUCOIN:HEROUSDT
HLong
by ante1028