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Retracement

TSLA is reaching to strong resistance, Watch carefully !TSLA will face a really strong resistance soon. Is it able to defeat the resistance? Watch carefully. Descending trend line, 50 % Retracement of last drop and Kumo flat of Ichimoku system have made a strong alliance to push the TSLA back down. Moreover stochastic indicator is in overbought zone in daily time frame. It is worth to note that general trend of TSLA is down going. Please note that we need a bearish sign in every proposed resistance to go short. We do not go short without a bearish movement. My Recommendations: 1- For those who already have shares: Watch the reaction to proposed resistance carefully. 2. For those who want to go long : It is too risky now, Calculate your Reward/ Risk carefully and stick to your predefined stop loss objectively. Good luck my friends.
NASDAQ:TSLAShort
by SaeedSajedi
4
NQ Power Range Report with FIB Ext - 6/21/2021 SessionContract - CME_MINI:NQU2021 - PR High: 14047.25 - PR Low: 14013.25 Evening Stats - Gap: = N/A - Session Open ATR: 199.42 - Volume: 33k - Open Int: 216k - Trend Grade: Retracement - From ATH: -1.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14676 - Mid: 14104 - Short: 12530 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:NQU2021Short
by mv3trader5
euro usd buy short term all major pairs are extremely oversold or overbought because of DXY bull run euro usd is extremely over sold and broke a very strong support area next demand zone is 1.180000 which is daily support oe demand zone and market gonna retest the broken support turned resistance look for buy opportunity on lower time frame and enter long with your own money management keep in mind that this entry is only short term always remember that only key to success in this financial world is patience and discipline
Long
by Hamaitifx
4
$DXY and the Power of 0.886Welcome to our first educational post (rather than analysis). Today we are taking a look at the overlooked 0.886 retracement. This measurement has been popularized by Scott Carney's Harmonic framework. This measurement is a key aspect in the Shark Harmonic Pattern which we see above. Along with the "0.886" which signifies an undershoot. We have the 1.13 which signifies of "overshoot" which we will go over in another post. Adding this measurement to your retracement tool is very useful in identifying supply and demand zones. As we know, with high-frequency trading, traditional support and resistance is likely to be over or undershot. These fibs help solve that problem. Thanks for reading and I hope you all enjoy. Portfolio Kings Team
INDEX:DXY
by portfoliokingsllc
mastering elliot waves. wave measurements in real time.When you are just learning something I think it is best not to perform it on a live chart right away. You will most likely still be grasping concepts and run a high risk of failure and frustration. That being said, here are some basic applications of using Elliot wave measurements on something that's happening now. The 4 hour time frame is wide enough where you are capturing a majority of the forest, but still seeing details. What's the plot today?: The plot here is that there was a bullish monowave, a retracement of that monowave resulting in nondirectional movement, the nondirectional movement then stayed above important retracement levels and has now ended by breaking above important extension levels. If that is the same story you came up with then we are both on the same page, and with a little luck, doing something right. You could say "what are you doing calling an impulse on a 4 hour time frame a monowave?" You'd be right, but calling it a poliwave doesn't lighten the cognitive load considering where price is currently so I'm sticking with monowave for simplicity's sake.
by emehoke
2
Hello to GBPUSD retracement!17.06.2021After the FOMC Statement yesterday at 21:00 (GMT+3) the dollar appreciated heavily causing the heavy fall of the pair by over 130 pips. This short-term shock might have just created an opportunity for a retracement this morning to at least 61% of the move. >> Usually moves start at 9:00 -10:00 when there is such an opportunity. >> For the time being there is no strong indication for GBP to depreciate much or the dollar to appreciate more. breaking the day's support at 1.3970. However, the potential profit will be at least 25 pips.
Long
by UnknownUnicorn5944879
NAS100 Retracement Opportunity?> NAS100 experienced an intraday dip of about 130 USD. This was a sharp downward move. Considering the volatile nature of index prices, I am in favor of a retracement forecast. If not, I would be very surprised. Perhaps waiting for a break of the resistance level 14060 might be a good idea to reduce much of the risk. >Calcs for educational purposes: 1 Index CFD traded generates approx. 20 EUR profit at the 61% Fibo retracement level. SL should be considered to be set near that around 14033, generating a loss of approx. 15 EUR
N
by UnknownUnicorn5944879
1