Sentences with phrase «retracement back»

I am looking for a possible retracement back to the area to initiate a trade.

Not exact matches

Worth noted that the downtrend line also corresponds with gold's 50 percent retracement level dating back to 1975.

First of all, the SPX has just tested its major trendline for the third time after making yet another lower high — it is back below the 38 % retracement level after a failed attempt to break through the 50 % level.

With so many altcoin markets breaking above descending triangles and rallying to test the 0.236 % fibonacci retracement areas, many analysts are waiting for the markets to pull back and produce a higher low on larger time frame charts before proclaiming that the first altcoin season of 2018 is indeed kicking off.

Netflix's daily chart details the drop back down to the key retracement levels, which included a move through a rising trend line drawn off the April and June lows, reinforced by the rising 50 day moving average.

Then let the market reverse and jump back across the retracement level.

Stand aside when price pulls back to a deep retracement level.

Price rises back towards the 38.2 % retracement level but the candlestick doesn't close above this level

Price pulls back towards the 38.2 % retracement level but the candlestick doesn't close below this level (see chart)

Price pulled back from the swing high and found support near the 38.2 % retracement level.

You look back a little bit and you see that the 1.0510 price was good resistance level in the past and it just happens to line up with the 50.0 % Fibonacci retracement level.

Using the intersection of two key Fibonacci retracements, we suggested Concord would reverse near $ 29 and start a run back toward its high.

If Litecoin is able to continue its new bullish sentiment, we could see a potential Double Bottom reversal chart pattern which could take the digital currency back up to the 50 % Fibonacci retracement level and February high of $ 250.

NEO / USD is edging back towards a falling wedge pattern on the daily time frame, which the price broke out of on Monday when the market was in retracement mode.

While Bitcoin price still holds over 50 % Fibonacci retracement level at $ 10,266 and above the long - term downside trendline that now comes at $ 10,170, the technical picture will not improve until the price is back above $ 11,000.

On Dec. 15 the cryptocurrency pulled back to the 38.2 percent Fibonacci retracement of the rally.

Bitcoin Price Key Highlights Bitcoin price is still in correction mode and looks ready to pull back to the Fibonacci retracement levels on the 4 - hour time frame.

The retracement has resulted in the entire market giving back most of the of the gains made during the run - up.