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Retracement

GBPUSD - Time to let the Divergence runHi Traders! The market broke out from the weekly Trendline. After that, it consolidated and now, it is retracing back. During this Retracement process, the hourly MACD shows as strong Divergence. In addition, we now have a consolidating Range, where we also have a potential Lower High. Furthermore, the Retracement Trendline (which can be expanded to the left) could serve as an Entry Trigger. The Target is the "Area of Control" of the Fixed Range Volume Profile. As we are going to take Profit at this Zone, we have to check at which point the market could possibly turn. The "Area of Control" shows is in our opinion a good tool to check the Area from where the market could turn. If you have experience with the "Fixed Range Volume" tool and tips to share, let us know in the comments! Thanks and successful Trading :-)!
Short
by swissmoneymakers
A likely re-test of trendline support - profit taking in action One the 1 hr we can see it would likely make most sense for BTC to come back to retest the POC which would likely fall on the support trendline that creates the bottom of the flag. We have stalling volume and profit taking and the daily candle is finally showing red so far. . On the 15 minute we are trading under the lower timeframe EMAS and testing the 50. BTS has also only once used VWAP (The white line on the RSI) to use as a bounce support, otherwise it's always pushed below quite deep. This profit taking had been speculated for a while in the social media space that we go to 40 from the 30k retest where people take profits and now it's happening and everyone's unsure of what to do next. Well as usual we let the whales decide where they want to take us and follow the flow. Be on guard.
COINBASE:BTCUSDShort
by JerBear77
PLTR: When will this crash stop? Key points for PLTR!Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, we have a bearish bias, and PLTR is just seeking its support levels. For now, it seems the $ 21.21 is holding the price, after an intense drop. Below this point, only the $ 20.55 is left for us, and we still could hit there, if we lose the $ 21.21 again. PLTR is going up thanks to the Piercing Line pattern, which appeared just above the 61.8% Fibonacci’s Retracement . The $ 20.55 is the pattern’s low, and if we lose this point, then it’ll cancel the bullish thesis. However, as long as we trade above the retracement, we’ll be fine. If we find a support there and do another bullish pattern, it might trigger another buy opportunity. The $ 22.67 is still a pivot point, and if defeated, this could lead PLTR to the $ 27.47 again. We just need to reverse the bearish bias seen in the 1h chart, and this won’t be an easy task. Although we are near support levels, there is no good bullish reaction around. Let’s wait for more confirmation. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it! Thank you very much!
P
by Nathan_The_Finance_Hydra
6
LOGI Update , We watch for bullish movement in next support !LOGI is on the way to 0.618 Retracement level. Do we have a bullish movement there? Lets follow. 50% Retracement was not able to push the price up. Now, ABC form of correction has showed itself and we are more confident to go long in the case of bullish movement in support levels which are 0.618 and 0.786 Retracements at around 114 and 107 respectively. Stochastic indicator is reaching to oversold zone once again which brings us another ideal setup to go long. For now, I believe that there are some other up going waves which first is going to start soon unless facts provide a proof which I am wrong. We do not give up ! we chase the stock and finally make our profit. Don't we?
NASDAQ:LOGILong
by SaeedSajedi
2
Gold - Doublebottom scalp - quick profit!Hello trader, Nice week and profitable deals 💲 15mh chart gold Doublebottom trade Entry-SL - R / R can you find in the chart! TP: Fibo 0.618 and 0.768 2.Trade: Another gold post, bigger picture from weekly - 6h: I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
TVC:GOLDLong
by TR7z
7
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart after the attempt to break below the daily support started a retracement move. The market is now testing the 0.618 Fibonacci level and could probably move to the weekly resistance and the 0.786. According to Plancton's strategy if the market will provide us a sign of inversion we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
BTC - 5th Wave finished Part II - 3k Fractal play !Hello trader, Good mood and profitable deals 💲 After 2 months in the 30-38k range, characterized by unnatural movements, fake outs and stop hunts. I suspect that we will enter a new market phase in the near future. (Purely speculative: who knows exactly when and how the crypto cartell will give us tried to deceive) IMO I see 3 options: 1. The 3k Fractal, similarities you can see in the main chart. In the current consolidation we should ideally not fall below 0.5 retracement, and would form an IV H&S . The goal is about 35k. But be careful, 34k is the first major resistance, if we are dump hard from there bulls in danger! 2. If we draw an LL, I will burn the fractal and expect lower prices. The next support is in the golden zone of the complete upward movement and the CME GAP. 3. We will stay in the range for weeks, in which case I will continue to focus on other markets. Possible 2018 BTC.D fractal 1d MA Support and Resistance Let's take a look at the volume BTC Long - Short and OI Props to some good traders that i follow ✌️ @thecryer @coinwide @fract @BTCINVESTING @VapeundTrade I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
BITSTAMP:BTCUSDLong
by TR7z
21
US30 Smooth Retracement? 21.07.2021The index was performing well yesterday 20.07.2021, more than 500 dollars with stop at price/index 34,600 USD. Potential retracement at price 34,360 USD. >> The Fibo retracement to at least 61% of the move might be possible, considering the volatility these days. >> The problem with indices is that the Stock market is open after 16:30 EEST and then is where usually prices move rapidly. >> If the retracement does not happen before the stock market opening, better to not have open positions, especially during the opening.
UShort
by UnknownUnicorn5944879
NQ Power Range Report with FIB Ext - 7/20/2021 SessionContract - CME_MINI:NQU2021 - PR High: 14599.75 - PR Low: 14578.00 Evening Stats - Gap: = N/A - Session Open ATR: 179.42 - Volume: 34k - Open Int: 230k - Trend Grade: Bullish - From ATH: -2.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15247 - Mid: 14676 - Short: 14104 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:NQU2021Long
by mv3trader5