Sentences with phrase «retracement following»
A minor retracement followed this pattern, but those who invested in Bitcoin last year still got rich.
https://www.profitconfidential.com/ Not exact matches
Analysts are expecting a «retracement» in the June Consumer Price Index numbers, following the fairly sizeable gain of 1.9 % in retail trade indicated by the CPI in May.
A rally and deep pullback followed the company's blockchain news while a Fibonacci grid stretched across the uptick, indicating a buying opportunity at the 0.786 retracement level near $ 2.75.
In situations like these, the fourth wave would most likely be the simple correction and the best way to trade binary options in that type of situations is to take a Fibonacci tool for retracement and wait patiently until the moment when the market will retrace 23.6 % or 38.2 % because this will provide us with the perfect striking price for the fourth wave that will soon be followed by the fifth wave.
Based on technicals alone, if gold follows a similar pattern today, whereas we just had our 50 % retracement, it could reach a high of $ 5,000 to $ 10,000 an ounce in a few years.
Following the previous idea on LBRY Credits, price has reached the upside target, that is $ 0.3 resistance at 38.2 % Fibonacci retracement.
As the coin is still deeply in overbought territory, more correction should follow in the coming weeks, with targets at $ 60, $ 56, and $ 51, with the $ 56 line being the most likely candidate, as the 61.8 % Fibonacci retracement is also near the area.
Yesterday's highly volatile price action, which followed sharp declines in the two previous sessions, was the leg down that saw the stock touch the 50 % retracement level of the 2015 range.
In other words, if the market declines by 20 %, followed by a 15 % advance, and then by another 20 % decline, the second drop may be experienced with the same pain as the first one was, even though it's little more than a retracement.
On the daily chart, we see the aforementioned post-earnings rally and how NFLX stock has neither seen any follow - through buying after the up - gap nor any meaningful retracement lower to fill the gap.
When we trend follow we either buy / sell breakouts or utilize trend retracements as entries....
A qualified cypher pattern consists of an impulse leg (XA), followed by a retracement leg (AB) that reaches at least the 38.2 % Fibonacci retracement of the XA leg without exceeding 61.8 %.
This is an example of a retracement trade in Trend following...
Now, all trends are obviously not exactly the same, but we do typically see the general pattern described above; a forceful move in the direction of the trend followed by a period of consolidation or a retracement in the opposite direction.
The principle characteristic of a bear market is very sharp down movements followed by quick retracements... In a bear market, you have to use sharp counter-trend rallies to enter positions.
The following potential trades exemplify trend following and trend retracement trades I look to take.
If we then use our Fibonacci retracement tool and drag from the major swing low to the recent swing high we get the following:
In situations like these, the fourth wave would most likely be the simple correction and the best way to trade binary options in that type of situations is to take a Fibonacci tool for retracement and wait patiently until the moment when the market will retrace 23.6 % or 38.2 % because this will provide us with the perfect striking price for the fourth wave that will soon be followed by the fifth wave.
This educational series is accompanied with two video analyses and their purpose is to show how to actually detect the flat and what is even more important they provide advices on how to trade with such pattern that is based on the Fibonacci retracement as well as on the fact that it is based on the two waves that are corrective and that are followed by the impulsive move.
The following week I would be looking for a retracement in either the 4/1 Hour timeframe before entering.
Often following a 61.8 % retracement, analysts look for an extension of that move, often to 161.8 % or some fraction of that number.
To date, the price activity has followed the Fibonacci Retracement values very closely.
After a strong retracement that commenced in mid-December following...
After a strong retracement that commenced in mid-December following the strong run - up of the entire cryptocurrency market which saw Bitcoin hit its all - time high near $ 20,000 on December 17, 2017, the market seems to have finally found its bottom.
The Litecoin price has taken a blow on Wednesday, encountering heavy losses of some 10 %, following a small retracement observed at the early part of this week.