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Retracements

BTC short. weekly monthly yearly pivotsevery monthly pivot this year has been tested. all BTC yearly as well. weekly coming in at 22k monthly at 21500. yearly at 16k area. this. weekend could pump. but as these new pivots appear and are untested.. they will be algo magnets for price action. they will hit as they usually do. from where is hard but could maybe use camarilla monthly H4 to manage risk. on the chart. or for tight stop the daily H3 around or above 23390.
Short
by Gunslinger2005
4
DXY TUESDAY UPDATE So far the DXY traded above the previous yellow line that I had marked up in the analysis that is connected to this analysis. It retraced into the weekly price (red line) but didn't trade above it so im still bearish on the Dollar. As of now I would like to see the market retrace into this order block and continue bearish to take out the low that was formed yesterday. If it doesn't and takes out the low look for retracements in the dollar then go long on xxx/usd pairs!
TVC:DXYShort
by JohnnWick
4
GBPUSD: Is the correction up from June 29th bottom over?Cable is now trading below the rising trend line from the lows seen late in June, and below the MA band as well. Classic signal of weakness. With stopping again just pips above the Marji 71.$% retracement level, and the meaningful move down seen since London open about 2 hours ago, this pair is obviously not in a very good position to continue moving higher. Shorts can be established at current levels, or we can wait for intraday chart spikes to establish our sell positions. In both cases, I cannot imagine the limit before Fibonacci 38.2% for the move up from late June bottom, at 1.2509, with a very good potential of reaching the 50% level @ 1.2459, or even the 61.8% level @ 1.2409 later this week. Munther Marji CMT MBA Founder, General Manager & Senior Technical Analyst TEFA Forex Fund
Short
by CMTTrader
USDMXN | WEEKLY FORECASTPeso follows the step of the Yuan against the Greenback! Tendency: Downtrend ( Bearish ) Structure: Breakdown | Trendline | Support & Resistance Observation: i. Price moves below support area @ 22.66000 affirms Breakdown structure with indications that the potential for the price to start trending downward is increasing. ii. Price trailing the Bullish Trendline in a bid to correct Impulse leg finally breaks Trendline at 22.66000 confirming a change in direction. iii . The second Breakdown of 22.44000 brings a level of confirmation to our bias as price nose-dives. Trading plan: SELL confirmation with a minimum potential profit of 15,000 pips. Risk/Reward: 1:3 Potential Duration: 3 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Nirvana! Forex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
The "OOPS Pattern"The “OOPS pattern” was developed by trader and author Larry Williams. It was named, according to Williams, for the all too common experience among traders when a broker would call his clients to report that a position was stopped out and say, “Oops, we lost.” This was due to the market gapping from one trading day to the next due to an overreaction from some sort of news or earnings announcement. When there is this type of overreaction, there is a reasonable probability of a move back to satisfy the OOPS. The system is programmed to create more profits than losses. When the market opens lower than the previous day’s low, a trader can place a buy-stop order at the previous day’s low price. When the market opens higher than the previous day’s high, a sell-stop order can be placed at the previous day’s high. Most traders recognize that gaps from one day’s close to the next day’s open occur for any number of reasons: news, rumor, earnings, etc. However, the move often exaggerates the impact of news. You see this all the time with earnings surprises. A big gap in the price (upward for positive surprises, downward for negative) is next offset with a move back to the previous trading level. This reversal is described as “ satisfying the OOPS pattern ”. Approximately 93% of the time, price will reverse to close the gap and satisfy the OOPS pattern. For example, the chart for NASDAQ:AMZN demonstrates how earnings surprises can create an OOPS pattern, followed by retracement. The circled sections reflect price behavior after earnings surprises. In end January, a positive report led to a large price gap moving about 180 points higher. The price also moved from trading at the lower Bollinger Band to moving above the upper Bollinger Band. It continued walking along the Bollinger Band resistance until moving lower and retracing back to satisfy the gap in price, the OOPS pattern. The second example was just as dramatic, but less obvious. Upon a negative earnings report being published, price fell about 130 points. But it recovered quickly, recovering all of the lost ground in about two weeks. The OOPS pattern is one form of retracement timing, allowing a swing trader to exploit market behavior. This also points to the maximum timing for leverage through opening of options trades. At such moments, single long calls or puts are likely to perform better than elsewhere on the chart. Short options may also be used as long as the price move is dramatic enough, and confirmed by other signals, to raise confidence as high as possible. To hedge risks, traders may also exploit the OOPS pattern with vertical spreads, synthetic stock positions, or collars.
NASDAQ:AMZNEducation
by NewCycleTrading
16
GBPUSD - Why it is NOW time for a deep Retracement?Hi Traders! The market is in a strong Uptrend. As you can see the market climbed way up high in the last days. It started the "journy" at the Support at 1.22000. Now it reached the high at 1.27300. This is around 525 pips! Now it is time for a deep Retracement. That's why we took out the Fibonacci Tool to identify the next Winning Zone. We have to consider that it is in a strong Uptrend, so it probably won't reach the 61.8% Level. The perfect Zone is between: 38.2% Fibonacci Retracement and 50.0% Fibonacci Retracement. Why it is NOW time for a Retracement? As you can see we here have three confirmation: MACD made a bearish crossover (first red bar), Stochastic in Overbought-Stage and Stochastic bearish crossover. We recommend to trade the Breakout of the Trendline to avoid false signals! Thanks and successful Trading :)!
Short
by swissmoneymakers
Not good to defy 1.618 prj, 0.618 rtrc & 200D MA all at once (2)... and with a TD 8 Daily still. It's really not a good idea. *(2) : this release with a fix, removing an external link. Beware of the rules, PT.. ;). So, If you are seeing this again, pls, have my apologies. Still, if you would be kind to leave your like again, I'd be much grateful. Tyvm! Hi there fellow traders! Hope this post finds you well and safe after this last slash down. In this moment I believe it can be useful to bring a daily chart to you, so to help make things clearer, and show where we stand in a more broader sense. Let's see... So far, the move up has been consistent, and, as I've shared with those following my charts more closely, this has been pretty much like textbook stuff: Wave 1: 1238 usd move (from 6.5-7.7k); Wave 2: -805 usd; (to 0.618 retrc. of wave 1, to 6.9k) Wave 3: 2260 usd (to somewhat above 1.618 ext. of wave 1, to 9.16k) (if so considering: wave 3 intermediary 1: 1532 usd move (to 1.272 ext of wave 1, from wave 2 bottom).; wave 3 intermediary 2.: -766 usd move (to 0.5 retrc. of minor bottom (6850;) or 0.382 from major bottom (6427) wave 3 intermediary 3: 1488 usd move (to somewhat above 1.618 ext. of wave 1, from wave 2 bottom). ) It's clear that letting price move past 1.618 fib. projection level in one swoop (without a swing) was not in Bear's minds, and this move above it was designed to bring in liquidity, so some whales could unload more comfortably. This, of course, just in my humble opinion. Still, I was happy to be able to see, based on Phi proportions, that price would probably find a hard time moving past 9160, as per some messages I sent before, and also tweets, just after last small breakout which took us there. Now, let's see what's next.. An interesting hypothesis can be the conclusion of this major movement up, still as per textbook: Wave 4: Retrace down to ~8.1 - 7.9k levels ( about 0.382 to 0.5 retrc. levels, from wave 3 bottom) Wave 5: Extend up to about 10.1 - 10.5k levels ( 100% of wave 3, from wave 4 bottom, to be defined) Another one could be that this is already wave 5, and thus, we would start a 3 legs move down (a-b-c). In that case, we could go lower. In fact, we always can, of course. So, what do you PHInk? ;) Run up from here, now? A swing before a new attempt to break 200D MA? Or "this is it". Now it's tanking time for BTCUSD? Please let me know your thoughts and/or questions in the comments. Tyvm for you attention! And, please, let me know if you liked this idea. Finally, as always: trade wisely, lose little and stay in the game . Best! PHInkTrade
BITFINEX:BTCUSD
by PhinkTrade
Bitcoin to 250k by 2023Fibonacci timezones and extensions are both very powerful tools when it comes down to finding out what time a bull market starts/ends and at what price range. The fib time zone 0.382 and 0.6 (highlighted as a vertical red and green color) is both used in order to identify the bottom of a bear market by taking previous lows onto bull run highs. This also allows you to see what timeframe the run will end by using the 2 (purple horizontal line) fib time zone; although the timezone is not accurate it serves as a way of understanding the potential time in which price peaks. The fib trend extension tool on level 14 allows you to identify the top of the potential price.
BNC:BLXLong
by Pillsbury1111
5
DOW JONES Daily Chart EW CountI am expecting the DOW to be in a corrective ABC Structure. Currently the Index is an a B Wave to the Upside which should find its end between the 50-61.8% retracement from the previous Top. We could also go up all the way to the 76.4% that is of course possible. Should we go over the 76.4% Retracement in one strech then this Count could turn out to be false. Visit my facebook group for more insights about the Markets: www.facebook.com
TVC:DJIShort
by JonasBenjaminFriedrich
1