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Fibaonacci

USDJPY: LONG 110.00 [4H]USDJPY: LONG 108.05 / 107.85 R20 > HOLDING ABOVE GROUND LEVEL 106.25 > FOCUS ON USD CONTINUED STRENGTH, JPY WEAKNESS > AIR CURRENTS SUPPORTING HIGHER MOVES > VERTICAL SPEED NEEDS TO DROP AND THEN INCREASE TOWARDS 108.05 Subscribe AutoUFOs: www.tradewithufos.com Twitter: www.twitter.com YouTube Get Togethers: www.youtube.com Get Together Schedule: www.tradewithufos.com Community: www.tradewithufos.com Ideas: www.tradingview.com Facebook: www.facebook.com LinkedIn: www.linkedin.com
Long
by andrew.han
WABIBTC Retrace Before Next Impulse Move !Hello Traders! Today’s chart will be on WABIBTC after its initial rise! Points to consider, - Resistance broken, turned potential support - Fibonacci extension; 1.618 Met - Fibonacci extension is in confluence with resistance - RSI is currently overbought - Stochastic momentum is topping out - Potential volume climax - EMA’s has not met price at given time - VPVR showing low volume of transactions after next resistance - Potential cup and handle patter (Not a pretty one), with 40% potential target WABI has had a bullish break from resistance which now currently turned potential support, (yet to be tested). Big bull volume came in to fruition whilst it tested the 1.618 Fib extensions before sellers came in to control price. The 1.618 zone is in confluence with structural resistance, making this area tough for bulls to break; WABI could potentially see a correction from this area back to support – which will be healthy! The RSI is currently over extended whilst the Stoch is showing a sign of topping out, this is signalling that sellers are strong at current area, we need to see these indicators cool off to neutral territory… Volume has overall increased dramatically after the bull break, EMA’s are yet to test price so we do not know if they’ll hold support or not in current given time. Bulls have an overall upper edge if the next resistance is broken as the VPVR shows very low levels of transactions. Bulls should easily be able to push price to upper green zone… This formation resembles somewhat to a cup and handle (not the best looking one), that broke bullish, price will be healthy if it retraces and retests support. This will allow the RSI and Stochs to return to neutral zones before bulls take charge and push price even higher with greater momentum… What are your thoughts? Will WABI retrace back to support before breaking resistance with momentum? Please leave a like and comment And remember It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett
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by AzizKhanZamani
ATOMBTC BINANCEATOMBTC 4 HR Chart on Binance pattern isn't looking good. Window Oscillators MACD and BB aren't in agreement (BB is at the support level and MACD is going down) Momentum of the price action is going down on 4 hr chart, with this MACD line is down and isn't in agreement with Price movement. Volume going down. It may indicate that selling pressure is going to start. Currently, it is testing FIB retracements near at 23.6,38.2 & 50 % areas as shown in charts. A couple of things can happen based on TA It may reach TP1 target and bounce back to Minor support for testing or it may go further down to retest at the major support level in a couple of days based on selling pressure. Falling wedge happening currently, so the price can reach Tp1 if a breakout occurs. It may test well at TP1 region and test TP2 and bounce back ( MACD isn't agreeing at this moment for this price action). Maybe FA can move price to TP2 area. Based on the above analysis, if you want to invest in ATOM, set only for TP1 for short term and wait for price retracement and enter again for target TP2 based on the price momentum. Please note that I have seen many cases where oscillators will misguide and we may miss some major profits. Please do your own research before investing in any crypto coin. Please refer to below link for more information about MACD AND PRICE ACTION disagreement:
by CryptoKing127
1
US OIL 1 Day & 4 HR - Head & Shoulder Bottom Secondary BreakoutAbout a month ago we took a look at US Oil & identified a classic reversal pattern called a head & shoulders bottom. We predicted a breakout from this level, however, there was a previous level of structure slightly above the neckline that I thought would be tested first. After nearly a month of consolidation, we've finally violated that level which allows me to predict a continuation higher. Two extension levels that I have on my radar are the $59.50's level which hosts both a 50% Fibonacci retracement & a 127.2 extension. And the $64 even handle where we have confluence between the 61.8 retracement & the 161.8 extensions. Your Trading Coach - Akil
OANDA:WTICOUSDLong
by Akil_Stokes
6
Fibonacci Long For October WTI Crude Oil FuturesWith the API and EIA inventories reports rapidly approaching, it looks like energy bulls are happy on the sidelines. In the event that we see a further pullback in October WTI futures, then a long from daily Fibonacci support will come into play. The trade: 1)Entry: Buy $67.26 2)Stop Loss: $66.99 3) Profit Target: $67.53 4) Risk Vs Return: 1/1 It is anyone’s guess what the inventories reports will bring. However, if given the opportunity, a short-term position from the $67.25 handle is good trade location to the long.
NYMEX:CLV2018Long
by FXLeaders
LTC/USD - Double Bottom Target Hit - Whats Next?So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed. I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't. I hope you enjoyed the video... give me a like and leave a comment.
COINBASE:LTCUSDLong
by Crypto_Sid
2