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Retracement

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
MATIC SHORT TO $2.19 (or) $1.97A quick analysis on MATIC using both wave theory, Fibonacci analysis : Wave theory Analysis: 1) MATIC had a nice IMPULSE run-up from Jul 18th to Sep 4th going from $0.61 to $1.78 after a big correction from the previous high of $2.81 to $0.61 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the 2nd wave correction is a simple zig-zag correction touching the support at $1.01 on 25 Sep 2021 4) New impulse Wave 3 then started from $1.01 on 25 Sep 2021 and ended at $2.91 on Dec 26, 2021 5) Wave 3 are usually the longest in the 5 wave series and this seems to be a perfect extended W1 Fibonacci analysis : 1) Wave 2 retraced perfectly at 61.8% of Wave 1 to at $1.01 on 25 Sep 2021 2) Wave 3 extended perfectly at 161% of Wave 1 to $2.91 on Dec 26, 2021 3) Now its time for Wave 4 which I think might take support at 23%, 38% or 50% retracement 4) Right now the Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 5) Once the FIB 23, 38 & 50 are tested then it will be on its wave 5 Pattern Analysis: 1) In the short term it fits into a nice classic head and shoulders pattern 2) The second shoulder is being just completed Summary : ------------- 1) Looks like the bears are still in control on Wave 4 2) The support line Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 should be tested Happy New year and happy trading guys !!!!!
COINBASE:MATICUSDShort
by JAN360
5
CHFJPY - In Trend Engulfing Long Setup 4HCHFJPY has formed a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed December 23rd at 8am (closed at 12pm noon) engulfed 3-5 previous candles. A perfect rejection and wick through 61.8% retracement level confirms this long setup. Entry is at the 61.8% retracement level. SL is set 2 pips below the engulfing candle low. TP is set at 3X the risk. Very similar setup to EURJPY which confirms JPY weakness.
Long
by justinholtgrave