GBPJPY on the 4h chart retraced eperfectly at the 0.618 Fibonacci level exactly at the 169.900 at the previous higher low level. The price is now trading above a minor support and the actual lower low lower high move has been respected. How can i approach this scenario? I will wait for a possible break of the support and in that case, i will consider a nice...
I use this strategy quite a bit. Identify a double top, wait for the break of structure, then sell the .618 when it rallies.
Hello again! I've spotted potential zone where the price could go bearish to look short position. It is a Gartley pattern within an ab=cd pattern as 0.786=1.27. It is also the 0.618 retracement. Let's see what the price may go
- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern! - If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level! - I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations. - ABC correction from all time high is now completed...
Hello traders. A Triangle Pattern has formed on the daily for gold. Entry is at a .618 fib entry level. This is A signal. Don't forget to like the Idea and follow. I Am Glad to see all feedback in the comments Below.
The FOREXCOM:SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch. Option 1- Temp Bullish. This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would...
GBPAUD broke through my supportive trendline that connected the previous two higher lows together. Today we are trading below these levels but sitting at the last point I would consider buying before the trend has lost any steam, the 61.8% fib level. Let's see can we take advantage of this high risk to reward ratio!
HI TRADERS, WHY DO I FEEL LIKE I'M TALKING TO A BRICK WALL... Not drawing this post out since apparently only 2 people are listening... if you are even remotely interested, look at my previous posts for the Technical Analysis. ENTRY: Yesterday 1st Target: $3124 (HIT) 2nd Target: $3428 (.618 fibonacci retracement level) 3rd Target: $3860 LIKE/FOLLOW if you even care 🤣
Near term update to my bigger picture posted here (click). We have been falling thru several "Genesis" fibs. The next major level is a "Golden" fib at 32.7k. There should be some bounces on the way there. Green zones need to at least slow the descent. Red zones above if broken could avert doom. Likely we range between them over weekend. 34,693-879 should be a...
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(BULLISH) 3 Point Retracement with Hidden Divergence and 0.382 fib confluence appearing on the hourly charts of Bitcoin Entry: $49.500 Stops: $48.800 Break-Even: $50.400 Target: $52.900 Good luck to all trading BTCUSD!
Possible Elliot Wave scenario if we remain bullish. The first leg up to 69k, retrace to the 618, possibly looking for more upside.
NZDJPY aftter the recent high hit perfectly the weekly resistance and started a retracement move. The market is currently moving into a descending channel and approaching the 0.5 Fib support. According to Plancton's strategy if the price will provide us an inversion over the 0.5 or the 0.618 we will check for a noce long order. ––––– Follow the Shrimp 🦐 Keep in...
NZDUSD on the 4h chart is testing a daily support. The price after the first bearish impulse tested perfectly the 0.382 level and move once again to the support providing a 2nd bounce to the 0.618 fib level. Now the price is testing again the support and according to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set...
just playing around with the fib channel here on the log chart until i found some consistency...i noticed that the blue .786 fib was the top of the 2013 false top and the 2017 true top. I also noticed that in 2013 after the false top it took 7 more monthly candles to reach the true top and wen it did it rose up 2 extra fib levels/colors before it hit that top in...
AUDNZD on the daily chart creates a perfect inversion at the 0.618 Fibonacci level. The price is now moving to a resistance level and according to Plancton's strategy if the market will break above we can set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
Orange line is weekly ETH chart. I think MKR is ready to play catch up real quick.. We bought spot.