Happy New Year everyone! This short video explains the technical view for TSLA as we start 2024. From a technical standpoint alone, its difficult to be wildly bullish or bearish right now. There may be other fundamental or macro reasons to take a more bullish or bearish view in the intermediate to long term. In short, neutral to slightly bullish makes sense over...
Hey Traders, As you can see on the Daily Chart of Bitcoin (BTC). The price action has formed a falling wedge. The Elliot wave count shows that the breakout is imminent. The ema's are for decoration. We have hard resistance right now because not only is it a trend- line but there is also the orange basis ema of the daily Bollinger band in the same spot....
$SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks...
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"Bearish market" they've said... BCHBTC is presenting full reversal MACD and chart pattern that will launch it close to the 61.8% Fibo. Follow me and find out!
Looking for bitcoin to make a run to 60-70k+ soon. Now technically is a good time to buy as it's sitting on the weekly .50 fib level. I would wait for more confirmation for that though. I have a buy limit at the weekly .618 for a better entry.
Once 1inch retrace to the .618 level watch for the bounce. See chart for zone to buy..
''BUY MARKET ORDER'' Why buy? Preceding bullish butterfly bullish .618 retracement bullish hidden divergences Preceding bullish butterfly: Good luck to everyone trading EUR/JPY!
Analysis of #AUDNZD Welcome back Traders, Investors and Community. Please help us support this idea by hitting the LIKE button if you have found this useful. Follow me if you would receive daily Ideas and Updates. I'll appreciate it. *** Strategy: Pullback on 61.8 Fibo with the continuation of the bearish channel. R/R 2.34 with Stop at 88.60 or R/R 1.65 with...
AU coming up against 6.5+ Year respected trendline + added confluence of the 61.8 retrace of the major swing high of 2018 to the major swing low of 2020. Good place to be looking for shorts I reckon.
We've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady...
Good day, snipers. Here in the USOIL, we can see that price is at the Golden Zone, the 61.8 Fib Level and is also a key area of resistance. Price is also in an overall downtrend so, I would be looking for shorts only. We just have to wait for a bearish signal like a candlestick pattern to confirm that the bears have stepped in. Follow me on tradingview for more...
Confluence: 1. Well Respected .618 Fib Retracement Level 2. Strong Support Level at 232.75 3. Cup and Handle Pattern Forming 4. Strong Candle Bounce Off of .618 Fib Level 5. $ES Futures Looking Very Bullish On 1H & 4H timeframe.
AAPL showing a double top + exaggerated RSI bearish divergence. Look for a pull back to the 255 level where the 618 and weekly VWAP should meet up.
*All analysis for this was completed on the 4H time frame* Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a...
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...