Sentences with phrase «retracement off»

With Fibonacci, a mere 38.2 % retracement off the highs of a prior wave up is considered bullish and normally suggests further upside.

Considering the stock has zoomed more than 400 % higher over the past year, a 20 % retracement off the highs is quite minor by comparison.

Not exact matches

If it does, bearish momentum could quickly spark a sell - off down to the 50 % Fibonacci retracement level (just above 4,200), which roughly converges with support of the 40 - week / 200 - day moving average.

Price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction off this level for a drop to at least 1.2935 (Fibonacci retracement, Elliott wave theory) which needs to be broken to...

Price is approaching major resistance at 0.7697 (multiple Fibonacci extensions) and we expect a strong reaction off this level for a drop to at least 0.7634 support (Fibonacci retracement, horizontal pullback support).

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.

My question is that sometimes really strong pin bars such as the one on Jan 2nd do not allow for the 50 % retracement of the pin bar before taking 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.

Lagging indicators claim to help traders make money by spotting trending markets, however, the problem is that they are «late» to the ball, meaning they fire off a buy or sell signal into a trending market after the market has already started to trend, and just as it is probably about ready for a counter-trend retracement.

If you're keen on investing, I can't tell you if the current price is a good place to buy, or if it's better to hold off for a retracement.

Based off these significant highs and lows, a widely recognized form of technical analysis referred to as Fibonacci retracements may be used to identify support or resistance.

So when the newcomers sell - off, it can trigger a panic sell that avalanches into a 30 percent retracement like we've just seen with the bitcoin price at press time.

A Currently, sustained break below $ 9,000 darkens the technical picture as the sell - off may gather pace and take the Bitcoin price to 61.1 % Fibonacci retracement level at $ 8,000.

For now, though, it appears the sell - off has ended around the key 38.2 percent Fibonacci retracement of the rally from the Feb. 6 low and Feb. 20 low.

Bitcoin prices on Coinbase's GDAX exchange created a red candle (down day) yesterday at $ 11,228.25, which is the 38.2 percent Fibonacci retracement of the sell - off from $ 19,891.99 to $ 5,873.

The coin is moving quickly towards 50 % Fibonacci retracement level at $ 10,266, and once it is broken, the sell - off may extend to the long - term downside trendline that now comes at $ 10,170.