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Fiboancciprojection

Bitcoin: Bull Run Targets through FibonacciLet me explain. These are all Fibonacci Extensions. The Market Maker is officially done imo so I am very comfortable posting these finished schematics. Many Extensions reach the exact ATH at 69k as you can clearly see... The Schematics are numbered Chronologically. #1-#8 are placed in the order they were created. #3 are the SUPPORT Schematics that are highlighted in RED. #1 and #2 are monthlies because they are considered longer term. HOWEVER, every single schematic can affect any timeframe so there is zero bias. --For anyone thinking, "well theres lines everywhere so whats the point?" --All of these 'lines' are mathematically perfect so there is no arguing with them because they are all perfect and unique in placement. The linked idea is my old one... so this new idea is the revamped one. (better)
CRYPTO:BTCUSDLong
by MichaelBsul
7
S&P-500: All Support and Resistance for Bull and Bear ScenariosLet me explain this. ALL SPIKES ARE THE SAME. However, the different timeframes and chart scales create 4 unique layouts for both Daily and Weeklies. The top two are Dailies and the bottom two are weeklies. I have labeled which chart scale they are on. THE TOP TWO HAVE RESISTANCE SCHEMATICS (THE SAME TWO) . As in, the extensions are RESISTANCE (IN RED) THE BOTTOM TWO HAVE SUPPORT SCHEMATICS (THEY ARE DIFFERENT) . As in, the extensions are SUPPORT (IN GREEN) *We have just intersected the 2.618 and now we either....* A. Go to the 1.618 now at 3970... B. We go back to 4.236 and crab around... C. Go through the 4.236 and to the 6.854 where we possibly create a disjointed double top... D. Drop through all support, destroy schematics at 3500 and find NEXT SUPPORT AT (GREEN) BTW: The Dailies are 3 Day timeframes because Dailies are too strecthed. BUT THE DAILY SCHEMATICS ARE PURELY MADE FROM DAILIES SO IT DOES NOT MATTER. ---You may notice that the bottom two support schematics are the same as #2 and #3 on my "S&P-500: All Fibonacci Schematics" idea linked below---
CME_MINI:ES1!Short
by MichaelBsul
Why Gold Could Be Approaching a Trading Low Within Coming MonthsPrimary Chart: 2D Chart Showing Downtrend Parallel Channel, Fibonacci Levels and Major Support at YTD Low Gold OANDA:XAUUSD could be nearing a tradeable low. The primary degree of trend remains bearish. Lower highs and lower lows on the daily and weekly chart appear. The downtrend channel on a log chart (or linear chart) has contained highs and lows since March 8, 2022. Note the W-X-Y pattern on the Primary Chart. This is merely one potential EW interpretation of the price action in the downtrend this year. The Fibonacci targets are projections of wave W's length projected from the start of wave Y (which begins at the end of the rally in wave X). Note that other EW interpretations may be more appropriate. EW can often lead to multiple alternative counts that are equally valid. Further, EW can be incorrect at times because the wave counts on the shorter / intraday time frames are incorrect or ambiguous. In any event, this particular target can be valid under the measured-move concept as well as EW principles. The measured-move concept is explained here . The most conservative target is the YTD low at $1614 . The next target is $1589 at the .618 Fibonacci level. The final target is where the yellow circle lies—$1400 to $1531 approximately. This could present a decent trading low for a rally into 2023. As with other targets presented by SquishTrade, each lower target is only viable and effective if the nearer target is claimed first. For example, the $1580 and $1400-$1531 targets are not effective until the $1614 target is reached and held (below). Further, each target presumes the downtrend remains intact. If the downtrend is broken decisively (not a whipsaw), then the targets are all invalidated. Please consider the following additional technical analysis and perspectives from a well-respected author on this platform @Tradersweekly: Finally, as usual for SquishTrade's technical posts and targets, this target for Gold is not presented with an entry, exit or stop, and traders should consider prudent entry levels that make sense within their own trading system and risk parameters. Some traders only short at resistance, and some traders will only go long at major support. Time frame also matters. The reason no entry, exit or stop is provided is because this author wishes to leave those details—which depend in large part on real time reactions to price date—to each trader. The author does not wish to provide trade advice. Instead, the author prefers to offer only technical analysis that describes / analyzes the current price environment of various instruments and risk assets, which traders then may choose to consider along with their own research in applying their specific trading rules / system. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
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OANDA:XAUUSD
by SquishTrade
69