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786 Fibonacci Retracement

LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_
The Great Retrace Nasdaq Futures Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range . Loss of the .382 and we descend to the levels below , alternatively we stay within the current range inside the descending channel . I have marked an area of resistance for a potential short if the opportunity presents itself where Its possible we continue to reject off of the 50EMA and print a LH and continue with the bearish MS. Trade the range and take it level by level , for now support has done its job so set an alert and trade the reaction . Know your Invalidation and trade your Plan ! Like And Follow
OANDA:NAS100USDShort
by SJTRADESFUTURES
4
XAUUSD | Perspective for the new weekWe witnessed over a 9,000pips move since my last publication on this pair (see link below for reference purposes) and the present structure reveals that price has continued to find higher lows since it hit bottom at $1,720. The Demand zone around the $1,770 area appears to be getting stronger as it continues to reject the sellers in the last 2 months. It is obvious that there were mixed feelings amongst market participants on Friday as investors digested payroll data and its potential impact on Federal Reserve policy in the final session of an already roller-coaster first trading week of the year. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trend continuation (78.6% retracement) Observation: i. I noticed that between the month of September 2021 and mid-November 2021; the price of Gold moved north with approximately a 9% growth in value - a significant feat in recent time to signal a bullish momentum behind the scenes. ii. $1,830 zone which has been a strong niche for sellers was finally broken on the 10th of November 2021 to set a bullish tone in the market. iii. A breakout of the key level identified at $1,800 was broken the second time in December 2021. iv. Trendline: The visual representation of a line drawn under pivot lows reveals the prevailing direction and speed of price action in the last 3 months. v. It is also worthy to note here that the correction phase of the Impulse leg appears to have completed at exactly 78.6% ($1,754) as the price continue to respect the bullish trendline identified on the chart. vi. In this regard, I shall be looking forward to a Breakout/Retest of the Key level @ $1,800 to jump in the potential rally in the coming week(s) with hopes of adding to my existing position at Breakout/retest of $1,830 level. NB: After all this has been said, I think it will be proper to consider the possibility of a breakdown of the Bullish trendline which might change our previous expectation with confirmation to sell if we witness rejection of this line after breakdown ... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 1,500 pips. Risk/Reward : 1:5 Potential Duration: 15 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
HOW-TO: My Trading Approach On GBPNZD With Full Trade AnalysisFX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community. This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important talking point in this video is how said formations convinced me to go short for this trade. With that said, let me ask you a question. Is your GBPNZD trading strategy at a point where you are able to make minute adjustments that can lead to big wins? More importantly, do you currently have the trading knowledge to identify said formations and signals? Anyway, watch my GBPNZD trading analysis video right to the end, and leave a message if there’s anything you want to ask. Thank You Kumar Kaushal
Short
by Kumar_Kaushal
USDCHF | Perspective for the new weekWith over 150pips move in our direction since my last publication on this pair (see link below for reference purposes); the price appears to be back at our previous Key level @ Fr0.91950 (see link below for reference purposes) with multiple rejections emphasizing selling opportunity for me. It is obvious that the Greenback rose during the last three days before declining with approximately 0.3% intraday to Fr0.91690 level on Friday to close below Key level hereby signaling risk of further decline in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Trendline Observation: i. Since the price hit Fr0.92400 to form a Double top structure, we witnessed a dramatic decline in the last week. ii. A significant breakdown of Fr0.91900 - a level which held price "supported" between 9th and 13th of August 2021 dictated the prevailing direction of price action as the price comes back to this same level with multiple rejections (18th - 20th of Aug 2021) and high hopes of a risk of further decline. iii. 78.6& retracement of AB leg followed by Breakdown of Key level and Bullish Trendline reveals seller's strength at this juncture in the market. iv. Structure characterized by multiple rejections of Key zone @ Fr0.91950 coinciding with a 78.6% retracement of AB leg suggests a "possible" transition into a Harmonic pattern (AB = CD) with parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg makes a 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ Fr0.90600/0.90400 area. iv. If price continues in the direction projected, we shall be looking forward to adding to our existing position at a breakdown/Retest of Fr0.91500... Trade consciously!😊 Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
OPGN A Tale Of 2 FibsOPGN has slowly crept up ever since that insider buying in June. After meandering around the 786 fib line for weeks, the stock finally headed back toward that 618 fib line and...yet again...was rejected at that level. In general, momentum has been building in the stock but now with some attention, this 618 fib level could be an important one to keep an eye on for longs. You've also got the FDA review to think about as well. From June: " The company recently submitted an updated 510(k) summary to the FDA for its Acuitas AMR Gene Panel for isolates. It included all of the FDA’s previously requested updates and consistent with the FDA’s outlined timeline. OpGen was previously informed that the FDA intends to complete its review by the end of August ...Obviously, with infectious diseases taking up a lot of the news flow over the last year, diagnostics companies have grown in popularity. Along with subsidiaries Curetis GmbH and Ares Genetics GmbH, OpGen develops and commercializes molecular microbiology solutions to guide clinicians with rapid and actionable information about life-threatening infections...One of the main catalysts for this week is actually based on insider activity. A few Form 4s were filed on the 14th, showing insider buys this month. Both COO Johannes Bacher and CEO Oliver Schacht picked up a total of 40,000 shares for just over $90,000. Purchases were made at prices ranging from $2.22 to $2.30. " Quote Source & Read More: 5 Top Penny Stocks Insiders Decided To Buy In June 2021
O
by PennyStocks101
2
USDCHF | Perspective for the new week | Follow-up detailsIt has been over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and the pattern of consolidation above our previous Key level @ Fr0.91500 (see previous publication) coupled with the significant Breakdown on the 8th of July 2021 informs a Bearish perspective that could either be a long term or most likely a short term. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Channel | Reversal pattern Observation: i. Since price hit Fr0.92750; The price has continued to find lower lows with signs that project a loss in momentum for buyers as price action transposes into a Descending channel. ii. A dip below Bullish Trendline might open the path for a fall towards the Fr0.90600 region. iii. Even as I look forward to a Breakdown/Retest of Bullish Trendline within the Channel, Selling right below Fr0.91950 appears to be comfortable. iv. Connecting the lower highs and lower lows of price action in the last month with parallel trendlines reveals a downward trend. v. Breakdown/Retest of the Bullish Trendline in the coming week confirms the Bearish bias hereby allowing additions to the existing position. vi. Considering the impulse leg (Bullish) that began mid-June 2021 (see daily chart below), it is appropriate that we remain conscious as the price action might be going through a corrective phase and a Breakout/Retest of Channel to the upside shall see us switch to my previous publication (uptrend continuation)... Trade consciously!😊 b]Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:7 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) is high risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation before making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
CIDM support vs 200DMA approaching...CIDM approaching 786 fib, which has continued to be a resistance level since last summer. It's held above this a few times, but in general, CIDM has failed to break above more times than it has successfully remained higher than this level. However, current potential support has fluctuated on the price scale but remains consistent vs the 200DMA (in red) for the last few months. "Only a few days ago, it announced that it was forgiven for a $2.2 million Paycheck Protection Program (PPP) loan. East-West Bank paid off not only the loan in full but the principal and interest of the PPP loan as well. This is a big deal and should reflect positively on the companies balance sheet moving forward. While the number may not seem that large, any debt reduction is almost always met with positive sentiment from investors. “We are very pleased to receive the notice of forgiveness of our entire PPP loan and associated interest. We remain grateful for the financial support that the CARES Act provided in response to the COVID-19 pandemic. This helped Cinedigm move into a very solid position now financially with virtually no debt and a fast-growing streaming business.” Gary Loffredo, President, and CEO of Cinedigm The sentiment from Loffredo shows that investors should keep a close eye on CIDM’s next balance sheet. Because debt is a large factor for how positively investors see a company, this massive reduction should be considered. So, with all of this in mind, is CIDM on your list of penny stocks to watch right now?" Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
C
by PennyStocks101
FANUC Robotic Manufacturing Assistance JPN future growth FANUF FANUC FANUC CORPORATION is a Japan-based manufacturing company mainly engaged in the provision of factory automation (FA) machinery. The Company operates in three business segments. The FA segment is engaged in the development, manufacture and sale of FA products, such as computer numeric control (CNC) systems and laser products. The Robot segment is engaged in the development, manufacture, sale of robotic products. The Robot Machine segment is engaged in the development, manufacture, sale of robodrill, roboshot, robocut and robonano products. * Earnings reporting this week * Pays 2.9% dividend yield * Down to 170 from 270 (786fibretracement), full fibretracement 127.50 not likely, and great buy if it does. Steep decline over smart phone order drop off of late also from US-CH trade war. * High growth market for future bull stock buys * Biggest growth is in manufacturing for automotive (TSLA, F, EV, etc.) Japanese machine tools typically run 18m cycles, which the stock price was around 168 the beginning of 2017. Other robotics companies to watch, some medical: IRBT TER OTC:YASKY NASDAQ:HOLI NASDAQ:BRKS OTC:KYCCF NYSE:ROK NASDAQ:BOTZ OTC:HTHIF OTC:MZRTF NASDAQ:ISRG
OTC:FANUF
by Pokethebear
USDJPY | Perspective for the new week | Follow-upWe experienced a 125pips move since my publication on this pair last week (see link below for reference purposes) and it appears that the correction of the Impulse leg is done as I anticipate another rally in the coming week. Even has the Greenback fell during the trading session on Friday, but the structure evolving at the Demand zone reveals signs of life again hereby making it difficult for me to short this market! Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 9 days, the Bullish Trendline structure reveals the prevailing direction of price action. ii. Trendlines applied to the highs and the lows of price action insinuate a well deserved Ascending channel which gives a positive bias for a bullish momentum in the coming week. iii. The significant Breakout of Key level @ Y110.130 on the 16th of June 2021 expresses the strength and capacity of the Buyers at this juncture in the market as the level (Y110.130) which resisted price prior to the Breakout appears to become a new level of Demand @ 78.6% retracement. iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.200 area. v. With the new Demand zone coinciding with the possibility of a Trend line continuation, It is advisable to stick to buying opportunity above Key level @ Y110.130... Trade consciously! :) Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURAUD | Perspective for the new week | Follow-upThe gains accumulated by the Euro remains limited as structure suggest that investors are hesitant to buy the Euro amidst concerns that the Eurozone is in for more coronavirus restrictions in the nearest future. We had no execution on our last publications as price went the opposite direction with a significant Breakout of the Channel @ AU$1.54500 area ( see link below for reference purposes). Despite the fact that I am yet to disregard my previous speculation, there is a possibility that price might continue to the upside as we experience what looked like a retest/rejection of the Channel @ AU$1.54000 area after the Breakout last week. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Harmonic pattern (AB = CD) | Channel Observation: i. By connecting the lower highs and lower lows of price action with parallel trendlines, it is obvious that price has been on a downward trend caught within a Descending Channel since early November 2020 until a final Breakout happened during last week trading session. ii. Demand zone (AU$1.52500/1.53500) has held price "Supported" in the last 39 days with clues detailing the weakness of Sellers at this area as buying pressure increases and price finds it difficult to continue respecting the Channel. iii. The Impulse leg (AB) that began with a Hammer candle leading into the Breakout of the Channel @ AU$1.54500 followed immediately by a rejection/retest of the Channel @ AU$1.53500 (point C) signals a rally continuation that might transpose into an AB = CD pattern with parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg pegged a 78.6% Fibonacci retracement of the A-to-B leg @ AU$1.53500. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ around AU$1.58500 area. iii. My yardstick to join the rally shall be above Key levels with Breakout/Retest expectations of my Key level and Bearish Trendline remains @ AU$1.54600 & AU$1.55500 respectively. iv. This been said, Should price dip into AU$1.53600 in the coming week the possibility of price respecting the Channel becomes feasible hence reverting to my previous publication becomes necessary (see link below)... trade consciously :)! Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:3.5 Potential Duration: 3 to 7 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Bullish Garley PCZ At Support Above The 200 Week Moving AverageTLT has hit a significant support visible on both the weekly and the monthly at a 78.6% Fibonacci Retrace from the previous low to high. I will expect to see TLT attempt a Bullish Reversal from the horizontal support zone i have highlighted in green. If we get any significant movement below the 200 week moving average then i would exit the trade. As for profit taking levels, i would take some profit once we near the last high and hold the rest as i believe we could go much higher.
NASDAQ:TLTLong
by RizeSenpai