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Retracement

XAUUSD Fibo retracament 38,2; 23,6; 0,523,6% we have the main resistance 38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it. If 0,5 is crossed this have a big probability of being the next resistance. We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
OANDA:XAUUSDShort
by AFCapital21
BTC - Almost Halfway Through The Accumulation E've been comparing recent BTC capitulation and now accumulation at the lows with the one in 2015. They are very similar in accumulation structure as well a how deep both capitulations went. Don't get me wrong, i don't thing this is a true bottom formation like it was in 2015 leading to the next bull run, but only forming a local bottom that just happens to be very similar as one in 2015. After completing this accumulation i still expect BTC will go into a retracement that can still take us slowly back in 45-50k area, before continuing the falL. From the comparison with todays price action wth the 2015 one, we can also expect btc to still reach the top of the range, make even higher local high (green box) and still then fall down to the bottom of the range (orange box), before starting a long awaited retracement. It all depends on a macro picture of the economy by itself. Will see what the stock market does first, but charts do show a local bottom being set for now. DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by AVA37
4
$ENSG poised to go higher from here?Notes: * Very strong up trend on the weekly/monthly charts * Great earnings for the past few years * Basing for the past 19 months * Creating a cup and handle * Trying to break out of the handle * Strong resistance around the $85.4 area Technicals: Ticker: $ENSG Sector: Healthcare - Medical Care Facilities Relative Strength vs. Sector: 28.52 Relative Strength vs. SP500: 11.74 U/D Ratio: 1.15 Base Depth: 36.29% Distance from breakout buy point: -9.18% Volume 16.02% above its 15 day avg. Trade idea: * Not jumping into this just yet. * Waiting to see if it can stay above the $85.4 area and hold it as support.
NASDAQ:ENSGLong
by HaseebKhan_90
Should expect the big dump then accumulate XRPUSD ( Ripple ) is struggling around 0.5200 area of that very strong resistance zone. Should expect the big fall down back to the support zone area located 0.35-0.33 area.. the chart from 15min-1HR chart from a head and shoulder pattern in the symmetrical triangle, will cause a huge drop downtrend from that strong resistance zone. It’s good benefits for the bulls but now taking a water break along the strong to rework there strength. In order for Ripple to reach 1$ is to drop down the support zone and then skyrocket push up pass the 1$ zone. In order the bulls to take over is to break above 0.80 area.. staying under 0.80 is still on the bearish downtrend. Trade safe and let’s watch the drop and see bulls take off from 0.35-0.33 area !! Also the case from the court went very well and things are heating up ! Let me know the comments of your opinion and thank you also I know ripple will win over the court and will have a massive bull run.
BITSTAMP:XRPUSD
by JoyBoyVegae
8
KPITTECH is in retracement after Channel breakoutNSE:KPITTECH midcap broke out channel pattern on 2022-09-22 and is in retracement at channel resistance turned as support. Pros: Strong fundamentals and financials. Consistent revenue and profit growth. -ve net debt. Consistent dividend yield. Cons: Continuous reduction in FII and DII holding. High PE ratio. Price above Intrinsic value. Entry : Enter if price goes above recent high of 684 with strict SL. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
NSE:KPITTECH
by samplespaz
DJI - God Help Us All... Welcome to the Great depression 2022 Dow Jones industrial average index has lost its February 2020 support. As this support did not hold i am convinced that the oldest US index has begun the great depression, not recession but depression. You can already see what fiat pairs with the USD are doing. The run up was just phenomenal to say the least. We've been essentially parabolic since 2009, with the total run up since 1987 flash crash. Since then economy was on steroids. The first sign of realism came with the dot.com bubble. It was especially hard on the S&P 500 index which lost more than 80% back then. Then came 2008 financial crisis which was seen predominant in the DJI. After that it was just up up up, sideways and up. Covid dump just showed how laveraged this market is and sparked asset inflation on steroids. .... NOW ... Will see what happens. DJI could still drop by 1k points, but not much lower for now as it is expected to go into a retracement first, if it doesn't go already. This retracement could drag out for year or two before continuation down. Where you might think?... below 2008 bottom is quite realistic, but for that it can take 10-30 years to play out. Again its a depression not recession, remember that. We are clearly not dropping like in the 1929-1932, therefore i think we will bleed slower. Aftermath could be ... who knows... 20-30% of people out of job.... in 1930s there were around 25-30% of them on the streets. During DJI retracement there could still be a rotation in the stock and crypto market, with little projects reaching new ATHs, but still lets not expect to much, and rather realize that the US economy has POPPED. DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well. TVC:DJI
DJ:DJI
by AVA37
17
📉✌BTC 1H Short Position : Risky✌📈BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first take a look at my previous analysis and positions. by the time the price is in the middle of the yellow lines, you can open a short position in two or three steps. If the price falls and reaches the risk-free level, you can risk-free your position. TP1-2-3-4 are on the chart. The optimum stop-loss is above the determined lines. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
6