GU SELLhigh probability opportunity, OB + F + P, could see some volatility once price enters that zone
Fib
Gold is merely pulling back to FIB levels. 2649 is Poss.
FIB trading is for the patient trader to get in at a lower price level, which incidentally does not include me, I am like a wounded bull getting into trades for most of the time.
I think 2649 and just below is possible.
I will try and put a call out here when momentum upwards starts to occur. It wont be long now.
GBPUSD Short and Longs (News) Scenario 1: Both PMIs Better than Forecast
Actual Manufacturing PMI: 49.5 (Better than 48.8 forecast)
Actual Services PMI: 56.0 (Better than 55.2 forecast)
EUR/USD: Down - If both sectors perform better than expected, this might signal a stronger US economy, potentially leading to a stronger Dollar.
GBP/USD: Down - Similar to EUR/USD, a stronger US economic outlook could weaken GBP against USD.
USD/JPY: Up - Improved US PMI data might strengthen USD against JPY, especially if this leads to expectations of a tighter Fed policy.
Scenario 2: Both PMIs Worse than Forecast
Actual Manufacturing PMI: 48.0 (Worse than 48.8 forecast)
Actual Services PMI: 54.0 (Worse than 55.2 forecast)
EUR/USD: Up - If both sectors disappoint, this could indicate economic weakness in the US, leading to a weaker USD.
GBP/USD: Up - Weaker US data might make GBP relatively stronger, especially if UK economic indicators are not as disappointing.
USD/JPY: Down - A disappointing PMI might lead investors to question the US economic recovery, potentially weakening USD against JPY.
The Fib is just an example if we was to see a sell off it may come into play. If we not seeing a sell off the Fib will be non existent.
BTC Macro Outlook (Regression, SMA)Long-term price analysis using confluence of Log regression bands, SMA's, and Fibonacci retracements.
Possible case for a test of the 400w SMA, based on % distance to previous all-time highs.
Go Woke Go Broke TATA Motors. TATA Motors.
Are we going to be selling a huge push to the downside of TATA Motors, who The company produces cars, trucks, vans, and buses.
Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo.
Due to Jaguars recent advertisement that has caused out rage on the Social media platforms. Do we see high stake investors leaving?
Fib is showing to us it can go all the way back down to $314 per share. This would be a massive 60% sell off.
Now of course TATA motors don't just do Jaguars but other motors as well.
USD CADTHIS IS MY SETUP FOR USD CAD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
GBPUSD view for next weekBit of a messy chart here, but we can see the pink bullish trendline being broken and retested earlier today. Price has been trending inside the black channels, forming a flag pattern.
What I'm looking for next week is price to drop to 1.30500 and look to buy around that area, which was previous support + we have the 38.2% Fib retracement there.
Target would be 1.31777.
GBP NZDTHIS IS MY SETUP FOR GBP NZD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
LDO BullishI am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
EUR AUDTHIS IS MY SETUP FOR EUR AUD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
How to Use Fibonacci Retracements to Find Entry and Exit PointsAlright, traders, let’s talk about Fibonacci Retracements — the tool that’s part math, part mysticism, and all about finding those sweet spots for entry and exit. If you’ve ever wondered how seasoned traders seem to know exactly when to jump in and when to cash out, chances are they’ve got Fibonacci retracements in their toolbox (or they’re insider trading).
What Are Fibonacci Retracements?
Fibonacci Retracements are based on the famous Fibonacci sequence — a string of numbers discovered in the 1200s by the medieval Italian mathematician Leonardo of Pisa (later nicknamed Fibonacci, meaning "son of Bonacci"). The sequence of numbers starts with 1, 2, 3, 5 and grows by adding the sum of the two previous numbers.
These mystical numbers show up everywhere from pinecones and seashells to the human hand and the Apple logo and, of course, the charts. It all comes down to 61.8%, the golden child of market moves and corrections. But before you go off believing Fibonacci is some sort of market sorcerer, let’s break it down.
The Key Levels
23.6%, 38.2%, 50%, 61.8%, 78.6% : These are the Fibonacci retracement levels you’ll see on your chart when you whip up the Fibonacci Retracement. They’re acting as the market’s pit stops — areas where the price could take a breather or reverse altogether.
Traders use these levels to predict how far a price might pull back before resuming its trend. Put simply, it’s like finding the market’s sweet spot where it says, “Enough with the chit-chat, let’s bounce.”
How to Use Fibonacci Retracements
Identify the Trend : First, you need a clear trend — trace a price trajectory and make sure there is a well-defined and sustained move either up or down with a clear reversal at the end. No trend? No Fibonacci.
Draw the Retracement : Stretch the Fib tool from the start of the move (swing low) to the end (swing high). If the trend is up, draw from low to high. If it’s down, high to low. Watch as those golden ratios light up your chart like a Christmas tree. Now you’ve got your levels mapped out and you can easily start looking for the potential turning points.
Spot the Bounce : The series of horizontal lines on your chart — these are your Fibonacci levels, and they’re not just pretty—they’re potential support and resistance zones. When the price retraces to a Fib level, it’s decision time. Will it bounce, or will it break? The 61.8% level is the big one — the golden ratio. If the price holds there, it may be a sign that the trend could continue. If it breaks, well, it’s time to reassess. Think of it as the market’s line in the sand.
Finding Entry Points
Here’s where it gets interesting. Imagine the market’s been on a bull run, but then starts to pull back. You’re itching to buy, but where? This is where Fibonacci levels shine.
When the price retraces to a key Fibonacci level (say 38.2% or 50%), it’s like the market is pausing to catch its breath. That’s your cue to consider entering a position. You’re aiming to ride the next wave up once the market finishes its coffee break at one of these levels.
Nailing Exit Points
On the flip side, if you’re already in a trade and looking to lock in profits, those same Fibonacci levels can be your guide for exiting. If the price is approaching a key level from below, it might be time to secure your gains before the market pulls another U-turn.
For the bold and brave, you can even set your sights on the 161.8% level — this is where Fibonacci extensions come into play. It’s a target for when the market decides it’s not just going to bounce, but rocket into the stratosphere.
Pro Tip: Fib Confluence
Looking to up your game? Combine Fibonacci with other indicators like moving averages or trendlines. When multiple signals converge around a Fib level, it may be a strong confirmation that the trend could turn. Pay attention and always do your own research — fakeouts are real.
Why It Works (and Why It Doesn't)
Some say Fibonacci levels work because they’re rooted in natural mathematics. Others believe it’s a self-fulfilling prophecy because so many traders use them. And just like any strategy, it doesn’t work 100% of the time. The market has a mind of its own, and sometimes it just doesn’t care about your Fibonacci levels. But when they do work, they can give you a serious edge.
The Bottom Line
Fibonacci Retracements aren’t just a bunch of lines on a chart — they’re your reminder that maybe everything is indeed one from the universe’s perspective and there are naturally occurring patterns everywhere.
Whether you believe in the math and the or just like the results, one thing’s for sure: Fibs can give you an edge in spotting when to hold back or lean forward. So next time you’re stuck wondering when to buy or sell, try the Fibonacci.
Saudi wants production cuts, America doesn'tAlthough everyone is cutting down production, even SHELL, we are seeing the narrative of higher prices for longer. OPEC wants to cut beginning October 2024 until 25.
This might be for a multitude of reasons, which makes it quite unclear what the goal is. After falling demand and easing in production, my narrative is that we might see prices fall instead of rise, even though we are trying to limit supply, I think markets are going to want to lower prices as energy scarcity becomes vulnerable and volatility will rise. Geopolitical risks has not eased.
US SPR is lower than a quarter of its peak in 2021. My bet of dropping prices lies on that. As well as Trump having 70% chance of coming into office, I expect a welcoming gift from MBS giving us discounts on gas!
BTC retracement dumpAs you can see, potential final Elliot wave lower high on daily.
Like to see final discounts before potential rate cut cycle.
(FED spoke yesterday and seemed bullish for rate cuts during 2025, coinciding with elections and time variable with potential price action picking back up during then)
Bearish Short/Medium termI am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Currently in a nice level of FIB on IBM.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Virgin Galactic -Top and Bottom-Top and Bottom are 203.84 and 0.80
Above 203.84 the chart is worthless until we revisit the area below 203.84
$ROOT: TRENDING BULLISHLY. POTENTIAL SQUEEZE. 🚀🚀🚀Hello, everyone!
We're seeing promising signals for $ROOT. If its price maintains above our key monthly indicator, we anticipate an uptrend. A very bullish trend will be confirmed when the daily indicator rises above the monthly one. Should this happen, we'll be on the lookout for the weekly indicator to follow suit. Our first price target (PT) is set at $76, with a strong move to $180 on the cards once the weekly crosses the monthly threshold. NASDAQ:ROOT has already made a massive move up, but this is only the start of something huge. However, if we see the hourly indicator fall below the monthly, this would need to be reassessed, as it could invalidate our current forecast.
NFA! Good luck, everyone!
🚨$DJT: It's Not Over Yet! 🚀🚀🚀Hi everyone,
Despite a significant drop of 21% today, our indicators suggest the downtrend might not persist. A rebound above the daily level could signal a bullish trend, potentially leading to a weekly cross above the monthly. This could aim the price towards the $63 mark, aligning with the 0.618 Fibonacci resistance level. Conversely, if the price dips below the daily level, the monthly level could offer support. Let's see where this goes in the next few weeks.
Good luck!
$GME: 🚨Most Important TA Ever Part 2 Heading Back to $14🚀🚀🚀Hi everyone,
Financials
GameStop is in an exciting phase of transformation and financial stabilization, as shown by its latest financial report. The company has successfully turned a significant loss into a net income, indicating not just resilience but strategic navigation through market challenges. A standout is the positive shift in EBITDA to $64.7 million, signifying GameStop's improved operational efficiency and ability to generate profit from its core activities. Despite a dip in net sales, GameStop has showcased excellent cost management and maintained strong liquidity. This, combined with strategic leadership enhancements, positions GameStop well for tapping into the evolving gaming and retail sectors. For investors, the improvement in EBITDA is a positive sign of GameStop's growing ability to fund operations, invest in growth, and potentially offer shareholder value from its main business operations, rather than relying on financial maneuvers or asset sales. This makes GameStop a compelling investment choice for those interested in a turnaround story within the dynamic retail and gaming markets.
Technical Analysis
Every time GameStop has made a double bottom, there has been a significant rebound to the upside.
May '21 + Aug '21 (+80%)
Mar '22 + May '22 (+149%)
Jan '23 + Mar '23 (+79%)
Nov '23 + Apr '24? (+?%)
The indicators continue to show a bearish trend, suggesting a potential further decrease in price. NYSE:GME recently touched the 0.786 Fibonacci retracement level. If positive news or market actions occur, there's a chance for a rebound up to the daily resistance.
Downside PT: $10.68
Upside PT: $14 and $15. (Price needs to stay above $12.78 for this to potentially play out).
Will be updating this as it plays out.
All the best!
Good luck and not financial or sexual advice. :)
Will MATIC move towards $1.6Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
From Leonardo to Trading: The Evolution of Fibonacci LevelsIn the labyrinthine landscape of financial markets, where volatility reigns supreme and uncertainty lurks around every corner, traders seek reliable navigational tools to steer through the tumultuous waters of price movements. Among the myriad techniques at their disposal, Fibonacci analysis emerges as a stalwart companion, offering a nuanced understanding of market dynamics rooted in mathematical precision. In this comprehensive exploration, we delve deep into the multifaceted realm of Fibonacci levels, unraveling their historical significance, evolutionary trajectory, practical applications, and the diverse perspectives that shape their interpretation.
Tracing the Roots:
To appreciate the profound impact of Fibonacci analysis on modern trading methodologies, a journey back in time to the 13th century is warranted. It was during this epoch that Leonardo of Pisa, known colloquially as Fibonacci, unveiled a numerical sequence that would transcend mathematical realms and find profound resonance in the domain of financial markets. Beginning with 0 and 1, each subsequent number in the sequence is the sum of the two preceding ones, laying the groundwork for a sophisticated understanding of market movements rooted in the natural order of mathematics.
Evolution in Financial Analysis:
While Fibonacci himself might not have envisaged the application of his sequence in financial markets, the 20th century witnessed a paradigm shift as visionaries such as Ralph Elliott and Robert Prechter pioneered its integration into trading methodologies. Elliott's Wave Theory, with its emphasis on repeating patterns and sequences, forged an intriguing connection with Fibonacci numbers, laying the groundwork for a symbiotic relationship between mathematical principles and market analysis. This union catalyzed a renaissance in technical analysis, ushering in an era where Fibonacci levels became indispensable tools in the arsenal of traders worldwide.
Unveiling Fibonacci Retracement Levels:
At the heart of Fibonacci analysis lies the concept of retracement levels, a cornerstone of technical analysis that echoes the natural order observed in the Fibonacci sequence. These levels, including 23.6%, 38.2%, 50%, and 61.8%, serve as pivotal markers in identifying potential zones of price reversal, offering traders valuable insights into market sentiment and trend dynamics. By applying the Fibonacci retracement tool to significant highs and lows, traders gain a nuanced understanding of market psychology, discerning the underlying rhythm of price movements amidst the chaos of market fluctuations.
Venturing into Fibonacci Extension Levels:
Beyond retracement levels, Fibonacci extension levels offer a panoramic vista into the future trajectory of price movements, illuminating the path for traders seeking to navigate the complexities of trending markets. With extensions such as 161.8%, 261.8%, and 423.6%, traders can delineate potential targets for price continuation after a correction, harnessing the mathematical harmony inherent in the Golden Ratio to set profit targets and manage risk effectively. These extension levels, rooted in the timeless principles of Fibonacci analysis, serve as guiding beacons for traders navigating the ever-shifting tides of financial markets.
Practical Applications and Precautions:
While Fibonacci levels furnish traders with a potent framework for analysis, it is essential to exercise caution and supplement Fibonacci analysis with corroborating indicators and risk management strategies. By integrating tools such as Moving Averages, Relative Strength Index, and candlestick patterns, traders can enhance the robustness of their trading decisions, mitigating the inherent uncertainties of financial markets and maximizing the efficacy of Fibonacci analysis.
A Tapestry of Perspectives:
As we reflect on the journey of Fibonacci levels through the annals of financial history, we encounter a tapestry of perspectives that weave together to form a rich tapestry of knowledge and insight. From Larry Pesavento's exploration of harmonic price patterns to Philip Carret's pioneering work in long-term investing, the legacy of Fibonacci continues to inspire and guide traders in their quest for market mastery. These diverse perspectives underscore the enduring relevance of Fibonacci analysis in an ever-changing landscape, reaffirming its status as a timeless ally in the pursuit of profit and prosperity.
Conclusion:
In conclusion, the comprehensive exploration of Fibonacci analysis reveals its enduring significance as a cornerstone of technical analysis in financial markets. From its humble origins in the mathematical treatises of Leonardo of Pisa to its integration into modern trading methodologies, Fibonacci analysis embodies the timeless principles of mathematical harmony and market psychology. As traders navigate the labyrinthine paths of price movements, they find solace in the elegant simplicity of Fibonacci analysis, a steadfast companion in their quest for success amidst the ever-shifting currents of financial markets.
Thank you for reading! I hope this article proves to be interesting for all of you!
BTBT: Push to $3.36 🚀Hi everyone,
If BTBT manages to maintain its current price levels, we're likely to see an upward move towards the $3.36 mark, aligning with the monthly indicators. However, if it drops below this week's level, expect to find support between $2.52 and $2.59.
Wishing everyone good luck!
Optimism BullishI am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
