Retracement
Nasty NasNAS100 is showing exhaustion in its current bullish trend around 15.9k area high. Potential target for retracement is 15.2k as an area of support. There's also a possibility for it to go a bit steeper than that, depending on how some major fundamentals take place in the market such as feds tapering of asset purchases
DOTPerp - Longterm Idea (beginners thoughts) - Crypto Market 21The Essentials:
We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA.
Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support.
After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)!
However the RSI is 3 points points lower during the ATH than the most recent high of 46.4 ---> which could signal a trend reversal, a RETRACEMENT before it goes parabolic (200+ ??).
To confirm this retracement, I connected the swing-low end of September with the swing-high (ATH).
This swing-low initiated the most recent uptrend, breaking through MAJOR resistances from earlier 2021 and mid September!
It also bounced off the 50SMMA after retesting it as support twice.
The Ideas:
Prediction 1: the price drops to $45 (previous resistance, now support) due to crypto market in general moving up and BTC expected to rally in November. Bounces off from there to new ATH. This would have support from the trend line, which is accurate as support since end of September.
Prediction 2: the price drops to $38. The major resistance from early 2021 and mid- September. This would mean a FIB retracement to the 50 level. If confirmed, a good entry to buy long at around $39-$40 level.
Prediction 3: the 50SMMA continues to be the support as it was end of September. If the price drops, the 50SMMA should be a confluence to the golden ratio of .618 on the FIB chart. Strong confirmation if it does! Best possible scenario to re-enter DOT at $35.9-$36.6 levels.
Thanks for reading and please let me know your thoughts/ideas.
HAL
clumsy head and tired shoulders on BTC daily chart ?too soon to judge but parameters of a good retracement are all gathering up together : up trend break down _ weakness on indicators and oscillators _ and now a probable reversal head and shoulder with 52K target ( bottom of the recent ascending channel ) .
please read the related idea down below
KAVA DESCENDING TRIANGLEKAVA is just at the end of a DESCENDING TRIANGLE which is normally a CONTINUATION pattern or BEARISH PATTERN.
DAILY TF we are breaking to the upside, but if it does not complete it is a FAKE OUT and we will see a RETRACMENT.
If it completes we have the targets as follows.
ENTRY 5.7-6.0
TARGET 1 $6.5
TARGET 2 $7.1
TARGET 3 $7.5
TARGET 4 $8.2
TARGET 5 $9.50 ATH
STOP LOSS $4.5 SPOT
STOP LOSS $5.4-5.6 3X LEVERAGE
NOT FINANCIAL ADVICE!
GBPUSD - Price at Top of Down-Channel - Trend ContinuationHere is the summary of the indications:
Market in a longterm Down-Channel
Market now in Retracement Channel
Market now at the Top of the longterm Down-Channel
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Hi Traders!
The setup of this idea is that the big Trend of this pair is a downwards.
As it has deep Pullbacks, it is a Downward Channel.
Now we are in a Retracement Move, which is also at the top of the longterm Down-Channel.
The idea is that if the market breaks below the Channel and simultaneously the Support,
the next target would be the Support @ 1.36700.
Potential Entries could be selling directly the Breakout, the retest of the Breakout or even before the Breakout.
If you have any questions, something to add or anther point of view, let us know in the comment!
Thanks and successful Trading :-)!
GBPAUD: Bearish Cycle StartedWe have shifted from a bullish market into a bearish one .
However, price has begun to lose momentum which suggests to me that a retracement is likely.
We have several liquidity points on the buys that need to be targeted before we can begin to look at selling with the trend again.
Do you like the look of this chart?
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How To Enter A Pullback In A Trend
Enter when these confluence factors are present. There is a Trend, Level, and Signal.
Trend:
Up
Confluence Factors at the Support Resistance Level:
Close Price 96.31
EMA 10 Close Price 96.24
50% Fibonacci Retracement Price 96.15
Horizontal Support Price 95.99
EMA 20 Close Price 95.31
Signal:
Rejection Candlestick
Unpopular but possible retrace on BTC We could see a retrace from around here at weekly H3 to L3 based on weekly camarilla pivots. this is invalidated by breaking above the H4
also worth mentioning we have both a 4hour AND daily TD9 sequential sell setup.
I dont want to be the bad guy and I do think we can get a little more upside action. However with the current market overconfidence I do not think this is the best time to open new market long positions or fomo. just my two cents. could be wrong. who knows.
Potential Retracement Before ContinuationEURUSD - Potential retracement following the shark pattern down to a previous strong OB and imbalance's that need to be filled before I'm looking to take EURUSD long again in the trend continuation!
Price may not complete the shark so I alerts pending in between just incase!
NZDCHF - (D) IN TREND BEARISH ENGULFING SETUPNZDCHF has formed a significant bearish engulfing on the daily time frame
Entry at the 50% retracement level has been perfectly rejected 3 times.
The bearish engulfing candle engulfed 5 previous candles.
The daily time frame bearish engulfing candle closed Wednesday.
SL set above engulfing candle high. TP set at 3X risk.
WHETHER 200-EMA WILL STOP THE PHIZEZ SLIDING MODE?The Pfizer Inc. Stock has been in a sliding mode since August when it hit its all-time high at $51.84 per share. However, the slide was stopped yesterday from strong support 200-period Exponential moving average and 38.2 Fibo level, which prevented the stock from drifting lower. Overall, the stock continues to trade below the downside line taken from the high of September 7th, which keeps the short-term outlook negative. However, in order to get confident on a trend continuation, the experts would like to see a dip below $41.50.
A decisive break below that barrier would confirm a forthcoming lower low and may initially target the $38.15 per share hurdle, defined as a support by the 23.6 Fibo corrections. If investors are not willing to buy near that price, then the price could experience declines towards the $33.44 area, which acted as a temporary floor for the stock between October 2020 and March 2021.
Looking at our short-term oscillators, we see that the RSI moved lower but ticked up from slightly above 30, while the MACD, already negative, has just fallen below its trigger line. Both indicators detect downside speed, which enhances the case for further declines in this stock.
The move that could change the short-term picture to positive is the subsequent rebound from 200-EMA and 38.2 corrections and a break above $42.65. This will confirm the break above the pre-mentioned downside line and a forthcoming higher high. The bulls may get encouraged to push the action towards the high around $44.84 or the peak of September 07th, at $47.52. If they don’t stop there, we could see them aiming for the all-time high above $50.00.
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