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Fiboextension

Fibonacci retracements and extensions Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci retracements, identify the prevailing trend in GBP/USD. Fibonacci retracements are typically applied during trending markets to identify potential retracement levels within the trend. 2. **Select Swing Points:** Identify significant swing points on the GBP/USD chart, such as recent highs and lows. These swing points are used to anchor the Fibonacci retracement levels. 3. **Apply Fibonacci Levels:** Draw Fibonacci retracement levels by connecting a swing high to a swing low (in an uptrend) or a swing low to a swing high (in a downtrend). Common retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. 4. **Analyze Potential Reversal Zones:** Traders look for GBP/USD price to pull back to one of the Fibonacci retracement levels after a significant move in the direction of the trend. These levels may act as potential support or resistance zones, where traders anticipate a reversal or continuation of the trend. 5. **Confirm with Other Indicators:** Confirm Fibonacci retracement levels with other technical indicators, such as moving averages, trendlines, or candlestick patterns, to increase the probability of successful trades. **Fibonacci Extensions:** 1. **Identify the Trend:** Fibonacci extensions are applied to identify potential price targets in the direction of the prevailing trend. They are often used in conjunction with Fibonacci retracements to identify both retracement levels and extension targets. 2. **Select Swing Points:** Similar to Fibonacci retracements, select significant swing points to anchor the Fibonacci extension levels. These swing points should represent the initial impulse move in the direction of the trend. 3. **Apply Fibonacci Levels:** Draw Fibonacci extension levels by connecting a swing low to a swing high (in an uptrend) or a swing high to a swing low (in a downtrend). Common extension levels include 127.2%, 161.8%, 200%, and 261.8%. 4. **Identify Potential Price Targets:** Traders use Fibonacci extension levels to identify potential price targets where GBP/USD may encounter resistance or support as the trend progresses. These levels act as potential areas for taking profits or setting price targets for trades. 5. **Combine with Other Analysis Tools:** Combine Fibonacci extensions with other technical analysis tools, such as trendlines, chart patterns, or momentum oscillators, to confirm potential price targets and strengthen trading signals. By incorporating Fibonacci retracements and extensions into their GBP/USD trading strategy, traders can identify key support, resistance, and price target levels, helping them make more informed trading decisions and manage risk effectively.
Long
by FrankFx14
Bullish movementEnglish First of all, we have a bearish structure on monthly timeframe, on weekly and daily is the same, but looking at it on 1h and 4h looks bullish with HH and HL, I believe the price is going up because of its structure and I´ll be waiting for it to get in the 200% extension and then have a retrocement in the 1.27 level, the market usually does those kind of movements. Let´s see how the market continues. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, tenemos una estructura bajista en mensual, semanal y diario, pero viendo el precio en 1hr y en 4h tiene una estructura alcista con altos más altos y bajos más altos, creo que el precio irá arriba debido a su estructura y estaré esperando a que llegue al nivel 200% de la extensión del Fibo y luego agarrar su retroceso hasta el nivel 1.27, el mercado suele hacer ese tipo de movimientos. Veremos cómo continúa el mercado. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital
1
Possible XAUUSD movementEnglish I´m going to make an analysis on a monthly timeframe looking for our market structure, we have all the HH and HL with at least 50% of our fibo retrament. We take a look at the fibo retracement to see where could I take profits when the price breaks the last H and we found two interesting zones (-10% and -27%), that is a rare way to use the fibo retracement, but it really works. Then, I checked if the price let any debt to look after it and I found one in the 100% price of our fibo extension, the price is going to be there (close to the price 1406) in some time (weeks, years or even decades), when? We have to take a look at it then. In that price we could star buying. On a weekly time frame there is a kind of bearish structure, not too clear, but on a daily and 4hrs time frame look better, it is making LL and LH and if nothing happen in the conflict in the middle east, could look for prices right down. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Voy a analizar el mercado en temporalidad mensual para identificar nuestra estructura de mercado, tenemos altos más altos y bajos más altos con al menos un 50% de retroceso de Fibonacci. Echamos un vistazo a nuestro retroceso de Fibonacci para identificar donde podríamos tomar profits cuando el precio rompa ese último máximo y encontramos dos zonas interesantes (-10% y -27%), esa es una rara manera de usar el retroceso de Fibonacci, pero realmente funciona. Luego, verifiqué si el precio dejo alguna deuda para tener en cuenta y encontré una en el 100% del precio en la extensión del fibonacci, el precio llegará allí (cerca del precio 1406) in algún momento, (semanas, años o incluso decadas), ¿cuándo? Tenemos que ver con el tiempo, pero en ese precio podemos comenzar a comprar. En temporalidad semanal hay un tipo de estructura bajista, no tan clara, pero en diario y 4Hrs se ve mucho mejor, está dando bajs más bajos y altos más bajos y si nada sucede en el conflicto en medio oriente, podríamos buscar precios abajo. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
OANDA:XAUUSDLong
by DarkTradingCapital
Possible scenarios for BTCEnglish On a weekly time fame, I found a possible TP for the ones who are buying BTC and that zone is good to see how the price reacts and wait for a bearish movement. On the other hand, the daily escenario we have a zone where we could buy again this asset after a retracement, but we have to keep an eye on the news because of the ETF approval scenario which makes a FOMO time. Let´s see how it goes. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español En un temporalidad semanal, encontré un posible TP para los compradores y esta zona es buena para tomar profits o parciales y dependiendo de su reacción, ver un posible movimiento a la baja. Por otro lado, en el escenario diario tenemos una zona donde podríamos comprar nuevamente este activo en un retroceso, pero tenemos que estar atentos de las noticia del ETF el cual puede crear un tiempo de FOMO. Vamos a ver cómo se desarrolla el precio. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
by DarkTradingCapital
Possible movement US30English First of all, I looked at the market structure, we have a pretty clear bullish structure, the first HH and HL were OK in its structure without any debt. Then, looking at the next HH and HL, we noticed that the price didn`t cover at least the 50% of our Fibo, so we still have a nice zone to keep an eye on it for future bullish movements. I used the fibo expansion to see if we have any debt in the first movement from the last HL and I noticed a debt in the 78% of it, a nice zone for a possible bullish movement in the future after a financial crash or something really strong like a recesion. All of this on a daily time frame. Looking at the other structure from the last HL, I noticed a bearish structure, but in the last days the price broke the last H, so we could expect for possible higher prices, but it would be good for the price to have a retracement before to do it and possible, give us another HH and HL. We have to be carefull because we now are on a zone where the markets doesn`t give us HH or LL or anything like that, we need to wait for the price to break that structure for further movements. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, mirè la estructura de mercado, tenemos una estructura alcista muy clara, en el primer alto màs alto y bajo más alto su estructura notiene ninguna deuda. Luego, mirando el próximo altomás alto y bao más alto, notamos que el precio o fue hasta el 50% del Fibo, por lo que tenemos una zona interesante a ver en el futuro para futuros movimientos al alza. Usé la expansión de Fibo para ver si tenemos alguna deuda en su primer movimiento desde su último bajo más alto y noté una deuda en el 78% del mismo, una buena zona para posibles futuras compras, esperando una futura recesión o algún crash financiero. Todo esto en temporalidad diaria. Mirando la esturctura desde el último bajo más alto, notamos una estructura bajista, pero en los últimos días el precio rompió el último alto, por lo que podemos esperar precios más altos, pero sería bueno para el precio tener un retroces antes de hacerlo y posteriormente darnos otro alto más alto y bajo más alto. Tenemos que ser cuidadosos porque ahora estamos en una zona donde el mercado no me ha dado ni altos más altos o bajos más bajos, tenemos que esperar a que el precio rompa su estructura para ver futuros movimientos. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
PEPPERSTONE:US30Long
by DarkTradingCapital
ADA/USDT Fibo Extension - Retrace - 21.3.15 - ADA/USDT Updated There Is 2Scenario analysis Jus Right Now ! It can be go Trough Blue TPs Or Red TPs ! But according to Trend Line In my Opinion It will Touch The Fibo 0.00% ( 0.98162) In the worst Way It will touch fibo 50.00% (blue) (0.95266) Then Can Change The trend To Way To Top and It depends To btc ! If BTC/USDT Can save The 58.000 Candle Today ! Ada Will Grow And comes Back To Blue TP 1 - Tp2 And more ! Save Some USDT and Jus Follow Path ! i wish I can give You some right details ! More Profits To You Guys ! If You ahve an Idead Write Down Below ! THX !
by AllenFarzanehCrypto
USDJPY Intraday Plan: W formation Spotted!Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind with taking proper risk management in play if you ever plan to take this idea. Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
by jessi061
2
Buy XAUUSD (Daily & 4H)in Daily chart: Support level at 1258-1266 61.8% fibo retracement > Buy Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0 -Stop : 1263.5 (65 pips) -TP1- : 1285.0 (150 pips) -TP2- : 1307.0 (370 pips) -TP3- : 1324.0 (540 pips) in weekly chart: Uptrend line Support level in 4H chart: bottom of the bearish parallel channel Divergence in RSI indicator 1.414 & 1.618% fibo extension of 1281 to 1310 (last bullish wave) Bullish engulfing candle
FX:XAUUSDLong
by Cybertron
The "Pulse" of an asset times Fibonacci: Golden Ratio of GrowthLTC in a perfect example of "Golden Ratio of Growth". Each extension is 1.618 times the previous extension. Most things in Nature which Grow, do so by this Ratio. Impulse was from the Bottom of Despair. Ripples were all grown with perfect Ratio. Retraces will be of much similar proportions. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. Confluence of 2 is Dependable. Congruence of 3 is Respectable. Coincidence of 4 is Worshipable. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:LTCUSDEducation
by EuroMotif
1
Gartley 222 pattern gonna appear at DISCA chartNASDAQ:DISCA Hi guys In the chart above I draw what I found at DISCA chart, really strong bullish Fibo Cluster, where 3 types of analyses meet each other: 1) Elliott cycles - from 31 December 2013 to 16 November 2017 there was a bearish downtrend, long correction of the previous cycle, but it was completed on 16 November 2017 and next bullish cycle had started. I calculated 1 wave, it's completed already and currently 2 wave is forming itself as a simple Zigzag. Waves A and B have been completed already, wave C is appearing now. I did fibo extention of wave A and suppose that Wave C will be completed at 1.27 extention of wave A, bcz when wave C will reach this area it will become equal to wave A (approx 32% each) that's important fact in Elliot's waves predictions. After completition of Zig zag, the most strong and impulse 3 wave in this cycle will start to draw itself in the chart. 1 wave was 1 year long in time and gave 118 % of profit, so 3 wave should be longer and more profitable :) price range of the wave C ending btwn 19-20$ 2) Behind 1 and 2 Elliot's cycle waves, potential Gartley 222 pattern is appearing with right proportions between its legs and in the price area btwn 19-20$ the leg CD will reach extension 1.618 from BC leg and pattern will be completed, so I suppose that the chart will reverse to bullish direction in those area. It is second type of analyse which shown to the same reversal price area. 3) 1 wave did breakout of bearish trend line and now chart want to come back to this trend line to touch it, before will start to grow again in 3 wave. This trend line pass through the same price area 19-20$, so I pretty sure that chart will test it exactly there Disca Chart looks really Harmonic with Fibo proportions, I like it Currently I'm in short position in this stock, I opened my trade almost on the top of wave B (BC leg) 28.61$ SL 29.40$ TP 19$ and chart goes exactly as I supposed, so when the chart will reach prospective price area I will open long position then. I did same related post in Rissian on 14 march u can check it I hope you will understand my English :) Wish good profits to everybody :)
DShort
by Yaro7lav
DXY WITH CLEAN UPWARD MOMENTUMAs we can see DXY was in falling wedge past couple months and it had a breakout around 2018/MAY. Breakout was so sweet and valid enough to raise the index price near Fibonacci Extension Level: 38.20% (92.87) and it was also the first ever impulse or motive wave of our Elliott wave 0 to 1. After reaching the 1 it made a small corrective wave 2 below the Fibonacci Extension Level: 38.20% (92.87) and again continued its upward momentum and here our Elliott wave is making the second impulse or motive wave 3 which indicate now clearly that overall our DXY is having a valid uptrend (Bullish) and seeing how perfectly it following the path of each wave and admiring the Fibonacci Extension Level I guess the trend will overall make to the Fibonacci extension level: 78.60% (97.68) or above in further weeks or months if it's really following and respecting the path and level of wave and fibo extension respectively.
TVC:DXYLong
by jessi061