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Retracement

FTM CORRECTION INCOMINGFTM has seen a lot of growth the past few months, however it is due for a correction. Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave, should we get that same retracement, FTM will be on a discount price at just below $1 Coupled with the bearish Divergence it seems just about right to me. Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility. Hope this helps.
Short
by RektMyMom
27
[GBPJPY Backtest] Missed sell opportunity of 120+ pips w/ notesI briefly analyzed GBPJPY last night and saw that we were in a consolidation zone but in a downtrend. I attempted to take an entry based on the overall downtrend and assumed that the market was going to retrace to the 78.6 on the overall structure and touch the trendline again before going back down. However I missed many of the details of the current market structure. I went back and analyzed the things that I missed plus added some notes to explain why market made that 120+ pip move. I had the overall direction correct, however I missed key details that the market was showing me before making the trade.
Short
by growthbank
NQ Power Range Report with FIB Ext - 12/2/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 15954.25 - PR Low: 15868.75 Evening Stats (As of 1:56 AM) - Gap: = +0.2% - Session Open ATR: 272.86 - Volume: 67k - Open Int: 249k - Trend Grade: Neutral - From ATH: -5.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 16677 - Mid: 16391 - Short: 16105 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:NQZ2021Short
by mv3trader5
XAUUSD M15 ShortYesterday being a holiday, Thanksgiving in the USA there was very little liquidity in the markets as the big players mainly the banks, hedgefunds, insurance companies were closed. However we saw the bulls kicking the market during the Asian session to 1808.34. I am anticipating a short retracement to about 1791.65. The market has already picked in buyers after the break of the trendline and zon 1801 - 1805 only to retrace and stop them out before collecting more buy orders at the bottom then rally. Let me know your thoughts. Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. ... You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt. I am not liable for any losses or profits as what is shared is my personal sentiment and analysis of the markets.
FOREXCOM:XAUUSDShort
by ExuberanceTrading
Bitcoin, where to buy?Hey, Bitcoin supporter out there. You might be planning to buy on the next Dip, so exactly how low can it go? It depends if you are looking from the trading perspective or investment perspective. Trading perspective, one will prefer a more accurate price so they can trade from the low and profit from the difference. However, if you come from the Investment perspective and you had plans to buy Bitcoin at $63,000, at the current market price of $57,775.65, you are getting a great discount, more than $6000 discount. If you have joined us 2-3 live sessions ago, you would have remembered that I've said that there is an AB=CD Pattern complete at $64,000. At that point, we do not know what causes it, but we know there is a potential for it to have a retracement. If you are looking from an investment perspective, between $54,045.67-$49,539365 is an area you can look out for the opportunity. If you are looking from a trading perspective, between $50,917.72-$51.417.16 will be a good level to wait for candlestick pattern confirmation for a buying opportunity. If the market break and close below $49,539.65, it will send Bitcoin to $48,319.28 and even $44,845.89 before any movement towards the upside. Understand the market you are involved in, the risk it may occur and be Prudent in your Investment, Trading or Speculation.
BITSTAMP:BTCUSDLong
by RaynLim
4
eBay at key channel support Technical Analysis Since the start of the year, eBay has trended up in a clear channel, where the support line is the 100sma. Since the test of the upper trend-line of the channel, eBay has retraced 10% and is sitting on the 100sma. Stochastic RSI has been helpful to signal retracement from one side of the channel to the other. When the SRSI is oversold (under 20) and the %K (blue) goes over %D (orange), it has been a great entry. On the other hand, when the SRSI is overbought and the %D crosses above the %K, it has been a place to take profits. The SRSI cross signal has not happened. Trade Setup Risk-reward-ratio is fantastic, with a stop under the 100sma (Average True Range is 2.12 pts.) and a profit-exit at the top of the channel.
NASDAQ:EBAYLong
by dorfmanmaster
EURUSD: Heading towards critical resistance areaEURUSD is heading for 1.1290-1300 area where multiple technical resistance indications are gathered as seen in the chart. We believe that the breakout from this area without prior retracement is difficult so we will test this assumption with Sell orders at 1.1295, setting the stops above 1.1330. Our initial target will be 1.1260. If a retracement occur before 1.1280 towards 1.1250-55 we will try Buy orders targeting the 1.1290-00 area, setting the stops below today's lows
Short
by Chartist-Trading
Future DJI Top - Great Depression cycle overlayStripped the chart down to the 2009-2021 current bull market fibs, and the Great Depression bottom to future top fibs, with an overlay of the DJI chart leading up to the great depression in 1929, with some very stark similarities (outside of covid, and the pullback im expecting here, though we got ahead of the great depression cycle both times to warrant a pullback). Again, I know im getting way ahead of myself here, but these fibs line up too damn well for me to hide these charts in private.. so if this plays out, you heard it here first.
TVC:DJI
by JustoMcGusto
3