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Intapp INTA Cloud Software Services Tech LONG As can be seen on the 2H Chart INTA is on pacing over a 350% annualized gain without any major pivots. The volume indicator shows a dramatic increase in volume realtive to the year prior. INTA is capturing alpha consistently in a hypergrowth mode as can be seen by reviewing the earnings beats quarter after quarter. This is clear and obvious entry with earnings coming on May 8th. I originally bought options last summer after the double bottom and have added a couple of weeks before each earnings . Price recently bounced down 10% from minor resistance representing a small pullback with space above in the runup for the earnings report. I see a potential return of 15% in 10 trading days or less and 75-100% for call options with expiration of 5/19/23 in consideration of the pullback described above and shown on the chart
NASDAQ:INTALong
by AwesomeAvani
WISH Continuation of Momentum LONGWISH had a great day to finish out this past trading week. On the 15-minute day, two highs are drawn as horizontal resistance using the high candles with the wicks as "tweezer tops" while the support is drawn as a green line at a pair of "tweezer bottoms" I see this as a bullish continuation play for next week. A stop loss is set below the support line at $8.30 with a buy order placed at $.05 above the current market. Targets are $.05 below each of the resistance lines with an approximate reward to risk of 15X. This is a volatile small cap with the typical high-risk and high-reward scenario. I will take call options at the strike $ 7.5 for expiration on 5/5 expecting a return on risk of at least 75% leveraging the expected return on a similar stock trade.
WLong
by AwesomeAvani
1
Pullback Buy in GBTC (Bitcoin ETF)Bitcoin had a painful 2022. But the digital currency turned bullish this year and is now marching higher. GBTC is an exchange traded fund that holds Bitcoin but trades like a stock. So regular investors can get exposure to crypto without the hassle of digital wallets or sketchy cryptocurrency brokers. The stock is currently wedging on decreased volume. This is the same pattern it showed back in February before a quick 50% surge higher. Volume is telling the story here again. High volume moves higher show accumulation while lower volume retracements indicate and absence of buyers. A buy was triggered on the move above 16.50. This pullback is giving trades a second chance to enter with the recent breakout area and 21-day EMA serving as support. My stop loss would be at 14.95 to risk just under 10% on the trade.
GLong
by rossgivens
1
Possible Reversal On GBPUSDHello folks, what do you think about GBPUSD? I am anticipating price to dig down heavily after the pullback (area of value) is complete. My analysis is based on two tfm: D1 and the 4hr tfm. * Open your chart on the D1 tfm, most recent candle went all the way up to our main area of value (Supply zone) and got rejected forming a clear pinbar candle pattern which give a reversal signal. * Same or similar pinbar candle pattern happen on the 4hr tfm. * On the 4hr chart, there a breakout on our trendline, and now we are only wait8ng patiently on a pullback and sell the market. Again, I can only trust my analysis, but one thing for sure... trading is a probability game and the market can do anything it like. Much love
Short
by ZakProFx
Top Pullback Trading StrategiesTop Pullback Trading Strategies In this article, we will be discussing some of the most effective pullback trading strategies that can assist forex traders in identifying ideal entry points that align with the current trend. These strategies enable traders to take advantage of short-term price retracements, allowing them to navigate the volatile currency market with greater ease and profitability. What is pullback trading? Pullback trading refers to the practice of capitalizing on temporary price retracements or surges within an existing uptrend or downtrend in the forex market. These fluctuations in price typically occur over a brief period and do not interrupt the prevailing trend. Traders can leverage pullbacks by entering positions when the currency pair's price approaches its support or resistance level, enabling them to profit from upward or downward market movements. Discover the Top Pullback Trading Strategies for Forex Traders Moving Average Strategy The Moving Average (MA) strategy is among the most widely used techniques for identifying pullbacks in an ongoing uptrend. This technical indicator calculates the average price of a currency pair over a specified timeframe and compares it with the present price to ascertain market behaviour. In an uptrend, when the current price of the currency pair is significantly below its average price, it suggests that a short-term dip is likely to occur and provides a signal to enter long positions. Conversely, in a downtrend, if the current price of the currency pair is significantly above its average price, it implies that a short-term hike is probable, indicating the need to enter short positions to profit from a subsequent market downturn. Trendline Strategy Trendlines play a crucial role in identifying the direction of a trend in forex. Connecting three or more high or low price levels creates an uptrend or downtrend trendline, respectively. When trading pullbacks with trendlines, traders look for higher high price levels followed by higher low price levels, indicating a temporary dip in an ongoing uptrend. Alternatively, traders can enter short positions with trendlines showing lower low price levels followed by higher low price levels, signaling a temporary hike in an ongoing downtrend. Traders can enter long or short positions with trendlines at the third, fourth, or fifth high or low price level, as these levels confirm the prevailing trend and signal the optimal entry point in the forex market. Breakout Strategy The Breakout strategy enables traders to enter the market immediately after currency pair prices reach their support or resistance level and subsequently move above or below it, respectively. Breakouts represent opposing movements to the prevailing trend, providing opportunities to enter the market during temporary reversals. In an uptrend, when the currency pair price briefly touches its support level and contracts, a breakout signals a pullback in the trend, providing a signal to enter long positions and benefit from rising prices. Conversely, in a downtrend, when the currency pair price briefly touches its resistance level and expands, a breakout signals a pullback in the trend, providing a signal to enter short positions and benefit from falling prices. Fibonacci Retracement Strategy The Fibonacci Retracement strategy determines the optimal levels for entering the market during an uptrend or downtrend. Using Fibonacci levels, traders can identify the ideal support and resistance levels, based on which they can decide to long or short the market. This strategy utilizes Fibonacci retracement levels, which indicate how much currency pair prices are retracing before continuing in the prevailing trend direction. During a downtrend, lower Fibonacci levels, such as 23.6% and 38.2%, suggest that the markets have not retraced significantly, enabling traders to identify the ideal resistance level (representing a temporary pullback hike) and signal short trades due to the expected continuation of the downtrend. Conversely, during an uptrend, higher Fibonacci levels, such as 61.8% or 78.6%, indicate that the markets have retraced extensively, helping to identify the ideal support level (representing a temporary pullback dip) and signal short trades due to the anticipated continuation of the uptrend. Additionally, during an uptrend, lower Fibonacci levels like 23.6% and 38.2% suggest that prices are approaching the resistance level, which may break above this level, signaling traders to place long orders and benefit from the ongoing rising markets. On the other hand, during a downtrend, higher Fibonacci levels like 61.8% or 78.6% indicate that prices are approaching the support level, which may fall below the support level, signaling traders to place short orders and benefit from the ongoing falling markets. Trade forex pullbacks and identify ideal entry prices In forex trading, pullbacks can help traders pinpoint the optimal entry points for both long and short trades. By identifying temporary dips or hikes in currency pair prices during an existing uptrend or downtrend, traders can take advantage of short-term trading opportunities without missing out on potential profits.
PEPPERSTONE:XAUUSDEducation
by FOREXN1
13
EURNZDEURNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
ETHUSDT is in accumulation phaseCurrently, the price of ETHUSDT is in a consolidation phase, which means that it is trading in a narrow range, moving sideways without a clear trend. This consolidation phase is occurring above the Demand Zone, which is a price level where there is significant buying pressure from traders and investors. Traders who follow Plancton's Rules, are anticipating the arrival of new liquidity, which could potentially push the price of ETHUSDT higher. However, before that happens, there could be a pullback in the price, which means a temporary decline before the upward trend continues. According to Plancton's Rules, the next potential pullback zone for ETHUSDT could be around 1640. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
11
BTCUSDt is testing the key level!BTCUSDT is testing the daily demand zone, which is a significant support level for the pair. Traders and investors are now waiting for the 4-hour timeframe to flip and retest the previous resistance as new support, according to Plancton’s rules. This could indicate a potential long pullback until the 23600 area. If the price does break above the previous resistance level and holds as new support, this could indicate a bullish trend for the cryptocurrency pair. However, if the price fails to hold as support and falls below the demand zone, this could indicate a short-term downtrend. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
14
Bank Nifty: A quick pull backBanking sector saw some heavy selling this week, but it shouldn't come to us as a big surprise as most banks have been trading at very high prices, and more importantly, perilously close to their respective supply zones. BankNifty took the toll for obvious reasons, after a long struggle to cross the 41600 level, price was finally pulled down from deep inside the supply zone. Index has dropped by almost 5% within a week, and as a result, we have just hit a recently created demand zone. This is the first retest of this demand zone since it was created, and we saw a very good rejection today where price easily sustained above the zone. I'm expecting the price to at least temporarily retract from these levels, which makes for a very affordable & low-risk long position for the coming week. Rationale: - A fresh demand zone being re-tested, rejection with good volume. - Price has taken support at .786 fib-level. - Price has broken through 14-period ATR range on 30 Min and other smaller TFs. - RSI & Stochastic ascending on 1H and smaller TFs. - ADX indicating a loss of strength in the down trend. Final Note: - This is supposed to be a quick trade, max 3 days(do not wait until the weekly expiry). - Exit criteria, either of the following, which ever happens first. >> - Target achieved >> - Stop loss reached >> - End of 3rd day of the trade - Do not go big, as this is a trade against the trend, but risk to reward is very good on this one(almost 1:5), so should it turn out positive, it'll be well-worth the wait.
NSE:BANKNIFTYLong
by sudoMode
6
AAVEUSDT Short trade setupAave is currently in a bullish channel. So after seeing a correction, I tried to catch the second leg on 50% percent pull back, there for my entry was at 86.8 My SL was 51% from first leg ehich was 86.93 as it would decline this idea in case of doing more. I did this setup as I was expecting for a 50% pull back on BTC as well which we are heading too. So based on MM of pullback, my target is around 81.5 which is also a retest of down trend on channel. This a very good example of 50% pullbacks on price action strategy. Lets see
Short
by Cuckero
Pullback buy in LTHLife Time owns and operates a chain of “athletic country clubs.” They are basically high-end gyms offering everything from free weights and elliptical machines to steam saunas and smoothie bars. The company went public in late 2021, right before the bear market began. But the stock is now soaring… I have circled the signs of accumulation in the volume candles at the bottom of the chart. Notice the huge influx of buying on the way up and the relatively light volume on retracements. This looks like institutional buying and a sign that buyers are still in control. Last week’s pullback to the 21-day moving average is buyable in my opinion and should be a good entry point as long as the overall market holds up. I am taking a position here with a stop below 17.00.
NYSE:LTHLong
by rossgivens
🎁BUY BITCOIN in pullback🎁🔰You can see the analysis of Bitcoin in one hour time frame (BTCUSD_ 1H)🔍🧨 💥Considering that the price has managed to break the Down trend line🖤 and is making a pullback❗ to it, there is a possibility that the price will rise from this pullback area to the SUPPLY zone🔺🚀 ⚠❗This analysis will be violated if the price goes below the DEMAND zone and stabilizes below it⚠❗ Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _______📈TRADER STREET📉______
COINBASE:BTCUSDLong
by TRADER_STREET
2
🌟SELL NZDCAD and get +180 pips profit🎁🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the 30-minute time frame (NZDCAD_ 30min) 🔍🧨 💥Considering that the price has been able to break its up trend line🖤, if the price can reach the meeting point of the SUPPLY zone and the up trend line🖤 (pullback), it can fall to the DEMAND zone🔻 Do you think this analysis can be profitable🧐❓ I hope the analysis was useful for you🤍🌹 ________📈TRADER STREET📉_________
Short
by TRADER_STREET