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Fibonacci

SOLANA → Resistance retest. Will there be a reaction?BINANCE:SOLUSDT , after a strong growth, bumps into the conglomerate of resistances formed on D1-W1. It can be assumed that there is not enough potential to break through this area at the moment.... There is a clear resistance of the sideways range with gradually narrowing borders on the chart. This is a consolidation, which is most likely not over yet. The market continues to accumulate potential before further strong movement. The price reacts very aggressively to the resistance of the figure every time: the retest is followed by a strong decline to the lower boundary. The actual retest ends with a false breakout and the formation of a reversal pattern and the trigger of the 173.00 zone. Accordingly, if the SOL continues to decline, which leads to a breakdown of support, the market may enter a sell-off phase. Resistance levels: 183.4, 188.3 Support levels: 173.0, 159.1 I don't exclude that on the background of bitcoin's active growth SOL may make another attempt of a bull run, for example, to 188.4-188.3. But liquidity formed above this zone will not let the price up the first time. At the moment the focus is on 173.0. A breakdown and consolidation below this area will activate a sell-off... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSD ;) Regards R. Linda!
Short
by RLinda
20
Gold is gradually filling the upper wedgeGold is gradually filling the upper wedge Next week we wait for gold to react in the 1970-1980 price range and sell off to 1890 Note: No fomo buy at the moment Even if DXY falls deeply, Gold can fall with DXY Historically, gold wants to go up in the long run, it needs to converge many factors. 1. create wedges 2. make 2 or 3 bottoms 3. recovery between fibo zone 0.382 & 0.5 4. we replace the first day of May with one big event, which is the BRICS summit If this scenario is correct, we can buy strongly and hold for 1-2 years Expected buying price range Buy limit 1880-1890 SL 1870 TP 2180 TP2 2500 TP3 2800 Currently I am holding gold at the price 1900-1910 already have 500pip profit, I was close 1/3 profit, and wait until 1975 to close another 1/3 and move sl entry. See more related ideas below 👇 👇 👇
OANDA:XAUUSDLong
by EricGoldHunter
4
ATUL NSE 3Y BreakoutATUL LTD. in the chemicals business was in a bearish Trend for 2Y8M and broke out of the bear phase in July this year. ATUL has broken above the 52W high if 7225 in 1st week of July Looking at the Monthly time Frame (MTF) chart it consolidating for 2months now after its breakout run after the bearish phase... EMA 50 is above 200EMA and 20EMA above 50EMA confirming the Bullish trend Price has pulled back from the 23.6% 7433 of the last Impulse move i ndicating a bullish continuation Entry Stop Loss and Targets marked on charts, Trade using Weekly Time Frame for Entry and Add Quantity. wait for Breakout and reset of current consolidation
NSE:ATULLong
by billpramod
DJT - Parabolic Move IncomingPolitics aside, NASDAQ:DJT is about to begin the most insane of rallies. This chart for me is as clean as they come! Recent Price Action The last 2 days of October saw a ~45% correction, completing an Elliott Wave 2 correction. This after a bullish initial Wave 1 formation saw it go beyond even the most bullish of bullish initial price targets, in just 2 weeks flat. Price had prior to that been compressed inside a downwards-pointing wedge pattern (orange lines), since late March 2024. Over-shooting below it even, which is one of my most favourite bullish chart patterns. After breaking out of that, it is now not-only putting the finishing touches to an Inverse Head & Shoulder pattern (grey lines)... but when it does so it will also complete a massive Cup & Handle formation (white arrows). Future Price Targets The initial target (T1) from this move would be $570 (18x) in a very short period, perhaps even just 2 months. This would coincide with the 1.414 fibonacci level from the previous introduction of this stock (formerly DWAC) to public markets. Thereafter, an extended 5th wave target of $1,030 (33x) could be reached somewhere between early February and late May 2025. This coincides with the 1.618 fibonacci level (darker blue T2 line). Price as of today has back-tested the red horizontal line, in very quick fashion. This is the 0.382 fibonacci level. Next Up... Price may well end-up sideways on Monday and going into Tuesday's pivotal election day - which may allow the RSI to come back a little more to the mid 40s on this timeframe, to retest the RSI bull zone for support. From there I expect late Tuesday early Wednesday NASDAQ:DJT will have had a sufficient amount of time to cool-off - such that we can call the completion of a Wave 2 correction. Before the hugely exciting 3rd & 5th waves await us. Possible Elliott Waves Wave 1 - $12 to $55 Wave 2 - $55 to $30 Wave 3 - $30 to $570 Wave 4 - $570 to $140 Wave 5 - $140 to $1,030 Sounds ridiculous, right? Short squeeze, or election euphoria - call it what you want. But if you thought you'd seen NASDAQ:DJT volatility in recent days, think again. This is an incredible opportunity - with many many patterns aligning. NASDAQ:DJT has a lot of room to the upside still from here. Not sure this stock can any longer be suppressed.
NASDAQ:DJTLong
by DigiDavid
18
AUDCHF SHORTAs outlined in the video i expect this pair to continue short as it has been the last few weeks, toward the end of last week it did pull back quite abit, along with all other AUD pairs so i was just watching it for another entry which it has given. I must say the position is pretty text book and i will have eyes on for the market open and the first few higher timeframe closes to see the sentiment likely continue. Monthly Weekly Daily 4hr & Entry All ideas ill be posting are strictly for journalling purposes, therefore always do your own due diligence but if you like the analysis and breakdown pls leave a thumbs up and comment ;)
Short
by MarlyForex1
EUR/USD LONG (SWING)According to my analysis, the EUR/USD will be strongly bullish, in order to correct the significant downward expansion and also to reach the order block located precisely at the 1.1000 level, which has not been touched since the bearish expansion. Additionally, the EUR/USD will also capture a significant amount of liquidity in order to continue its immense downward expansion, which we can foresee if we look at the chart in the '1Y' timeframe. For my baguette eaters : L'eur/usd selon mon analyse sera fortement haussier ceci dans l'objectif de corriger l'énorme expansion à la baisse mais aussi pour aller chercher l'orderblock situé exactement au niveau 1.1000 qui n'a encore pas été touché depuis l'expansion baissière. De plus l'eur/usd va aussi cherché enormement de liquidité ceci dans l'objectif de continué son immense expansion baissière que l'on peux envisager si l'on regarde le graphique en "1Y" A BIG SHOUT OUT TO : HUGO FX
Long
by mehdi_oubadriss
3
Grass: Green? or brown?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Some questionable elliottwave structure in the wave one, but if it can stay above 1.37 here or above, and complete a move past the ath, I would be inclined to say impulse up is completing. 1.70 is the level the bears have to break to keep this party going, so if it does break I will be looking for how it breaks. A flip of the level would be ideal. Trade Safe, Trade Clarity.
GLong
by CryptoKnee
Bitcoin Uber Bear If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Uber Bear update. Followed path and patterns laid out 1 month ago. If you are at the hard right edge, and the market followed the path laid out and reacts in an area identified, does that mean the #Elliottwave count is 100% correct? No, need the PA to prove it. A continued swift move down and break of 65k, will add weight to this variation. Trade Safe, Trade Clarity.
COINBASE:BTCUSDShort
by CryptoKnee
Alikze »» FTM | Triple Top - 4H🔍 Technical analysis: Triple Top - 4H - In the analysis presented in the weekly time frame , after the formation of a reversal top pattern, the first target and the 1.272 Fibo area were touched. After that, it faced a selling pressure in the Fibo area of ​​1.272. - Further on in the daily analysis , it was pointed out that due to the selling pressure in the middle of the ascending channel, it can face the demand again with the pullback to the broken structure and the Buyer Zone, otherwise, with the continuation of the selling pressure, it can reach the bottom of the ascending channel. also touch - But in the 4-hour time frame, due to a triple top pattern in the Fibo range of 1.272, it faced selling pressure and has led to the continuation of the correction to the bottom of the ascending channel in the 4-hour time frame. - According to the behavior and structure, it can make a modification to the Order Block area with pullback to the red box area. 💎 In addition, in case of selling pressure, correction can continue up to the 0.3906 area, and in case of demand, it can increase to the 0.62 area. 💎 In addition, if it can break the red box area, it can retest the middle range of the channel and Fibo 1.272. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FTMUSDT
Short
by alikze
Technical Analysis of Gold (CFDs on Gold, USD/OZ) Overview of the Stock and Recent Price Action Gold has seen significant movements lately, climbing from around $2,300 to a peak near $2,762.23. This bullish run has been characterized by consistent higher highs and higher lows, signaling strong buying momentum. Step-by-Step Analysis 1. Trendlines and Channels - **Ascending Channel**: The chart depicts an ascending channel, with two parallel trendlines acting as support and resistance. The price has respected these lines multiple times, confirming their significance. - **Dotted Trendline**: This steeper, shorter-term trend within the main channel indicates the price's more immediate momentum. 2. Fibonacci Retracement Levels - **Levels Identified**: - 23.60% at ~$2,650 - 38.20% at ~$2,600 - 50.00% at ~$2,525 - 61.80% at ~$2,450 - 78.60% at ~$2,350 - **Significance**: These levels are key for spotting potential support during pullbacks. 3. Price Levels and Candlestick Patterns - **Current Price**: $2,735.80, just shy of the recent peak. - **Candlestick Patterns**: Recent candles show consolidation near the upper trendline, suggesting a possible pause or pullback. Reasoning Behind Conclusions The ascending channel demonstrates a robust bullish trend, with higher highs and lows reinforcing strong market sentiment. Fibonacci retracement levels are crucial for identifying where the price might find support during corrections. The current consolidation near the upper trendline suggests the market might be pausing before its next move. Outlook and Potential Trade Ideas Bullish Scenario - **Entry Point**: Above $2,762.23 if the price breaks the upper trendline with strong volume. - **Stop Loss**: Below $2,650 to limit downside risk. - **Profit Target**: $2,800 and beyond. - **Risk-Reward Ratio**: Roughly 1:2. Bearish Scenario - **Entry Point**: Below $2,650 if the price fails to break the upper trendline. - **Stop Loss**: Above recent highs to prevent losses. - **Profit Target**: $2,600 or lower. - **Risk-Reward Ratio**: Roughly 1:2. Educational Value Trendlines, channels, and Fibonacci retracement levels are essential tools for technical analysts. They help identify key support and resistance zones, allowing traders to make informed decisions. By understanding and applying these tools, you can enhance your trading strategy and align it with the market’s current trends and potential future movements.
TVC:GOLD
by stocktechbot
Technical Analysis of Gold (CFDs on Gold, USD/OZ) Overview of the Stock and Recent Price Action Gold has seen significant movements lately, climbing from around $2,300 to a peak near $2,762.23. This bullish run has been characterized by consistent higher highs and higher lows, signaling strong buying momentum. Step-by-Step Analysis 1. Trendlines and Channels - **Ascending Channel**: The chart depicts an ascending channel, with two parallel trendlines acting as support and resistance. The price has respected these lines multiple times, confirming their significance. - **Dotted Trendline**: This steeper, shorter-term trend within the main channel indicates the price's more immediate momentum. 2. Fibonacci Retracement Levels - **Levels Identified**: - 23.60% at ~$2,650 - 38.20% at ~$2,600 - 50.00% at ~$2,525 - 61.80% at ~$2,450 - 78.60% at ~$2,350 - **Significance**: These levels are key for spotting potential support during pullbacks. 3. Price Levels and Candlestick Patterns - **Current Price**: $2,735.80, just shy of the recent peak. - **Candlestick Patterns**: Recent candles show consolidation near the upper trendline, suggesting a possible pause or pullback. Reasoning Behind Conclusions The ascending channel demonstrates a robust bullish trend, with higher highs and lows reinforcing strong market sentiment. Fibonacci retracement levels are crucial for identifying where the price might find support during corrections. The current consolidation near the upper trendline suggests the market might be pausing before its next move. Outlook and Potential Trade Ideas Bullish Scenario - **Entry Point**: Above $2,762.23 if the price breaks the upper trendline with strong volume. - **Stop Loss**: Below $2,650 to limit downside risk. - **Profit Target**: $2,800 and beyond. - **Risk-Reward Ratio**: Roughly 1:2. Bearish Scenario - **Entry Point**: Below $2,650 if the price fails to break the upper trendline. - **Stop Loss**: Above recent highs to prevent losses. - **Profit Target**: $2,600 or lower. - **Risk-Reward Ratio**: Roughly 1:2. Educational Value Trendlines, channels, and Fibonacci retracement levels are essential tools for technical analysts. They help identify key support and resistance zones, allowing traders to make informed decisions. By understanding and applying these tools, you can enhance your trading strategy and align it with the market’s current trends and potential future movements.
TVC:GOLD
by stocktechbot
US500 morning analysisTechnical analysis of US500. The key support in this analysis is 5088.9, the 5 August 2024 low. For the median (red) line of the pitchfork to be tagged, wave ((5)) will need to be expanded; therefore, price would now be in wave (2) of ((5)), with fib support, pitchfork support, and potential buying area in the 5300-5500 range. The bearish case would have the top being in, and if this occurs, pitchfork support then price support will fall in an impulsive manner, with bearish targets below October 2022 low.
PEPPERSTONE:US500
by discobiscuit
BTCUSD morning updateTechnical analysis of BTCUSD. This count has price in wave ((2)) of iii. Wave ((1)) of iii completed in March 2024. Wave ((2)) could be seen as a regular flat or a zigzag, depending on how you count wave ((A)). Wave ((2)) could also be seen as a more-traditional "cup-and-handle" pattern, with the handle being formed now. From an Elliott Wave perspective, if this count proves correct, wave ((C)) would be in progress and the ~58.5k price area would seem to be a good place to go long. Wave ((A)) projected on the wave ((C)) is at the .618 around 58.5k, and 58.5k is about where the .618 projection is from the top of wave ((B)) to the bottom of wave ((A)). If the wave ((C)) impulse is fast enough, the median line of the pitchfork would be tagged in the 58.5k area as well.
INDEX:BTCUSD
by discobiscuit
ADA updatehello to everybody and hope you are doing well. today we have a potential short setup for ADA and new analysis. as you guys can see and shown in the chart the bias(the higher time frame order flow) is bearish and after days of ranging and pulling back that M15 and bias finally realigned and this means that the price is finally pulled back and is ready to take us lower potentially. the M15 trend that you see is in a 4H supply right now and the red and green marks are the swing points that I marked for a better view of the market structure. after tapping into the 4H supply the market slightly taped into it and it means it can potentially go back to it one more time first to sweep it and second to gather more orders at least in the 50% of the zone. in the big picture, there were lots of high liquidity pools that the price swept on its way to this 4H supply. so after mitigation and breaking the structure of M15, it was confirmed for me that the price is about to make its move and I opened a short position targeting the lows on the downside and stop loss slightly above the strong high. so this is a very high-quality trade and hopefully, the price tags us in and potentially see a sell-off to the downside . remember to manage your risk and avoid over-leveraging. thank you for reading and bb.
Short
by IEatGreenPaper