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Fibonacci

SOL — Bullish Retest in Motion: Time to Strike?SOL has finally broken through the $180 barrier decisively — a key zone it failed to clear back in May. Now we’re seeing a retest, which may offer one final dip before continuation. Let’s break down the next high-conviction long opportunity. 🧩 Key Retest Zone: $182–$180 ➡️ Retesting Prior Resistance as Support SOL broke above $180 with conviction and is now pulling back. ➡️ First Reaction at $184 A clean bounce occurred at the anchored VWAP, but this might not be the final low. ➡️ Strong Confluence at $180–$182 Zone This zone is packed with support elements: Weekly Open (wOpen): $181.44 nPOC: $180.85 Anchored VWAP: ~$179.90 0.5 Fib retracement (of the larger wave) 0.786 Fib retracement (of the smaller wave) 0.618 Fib Speed Fan — projected for tomorrow’s price path 1H 200 & 233 SMAs supporting from below SOL is currently trading at yOpen — another key pivot level to watch 🟢 Long Trade Setup Entry: Laddered between $182–$180 (ideal long entry would be at wOpen) Stop-loss: Invalidation at $173.35 Target (TP): TBFE 1.0: $218.45 / 0.618 Fib retracement: $219.21 R:R: ~1:4.5 Potential Move: ~+20% 🛠 Indicator Used: DriftLine — Pivot Open Zones For this analysis, I’m using my own published indicator called "DriftLine – Pivot Open Zones " feel free to check it out on my profile. It helps identify and visualise critical opens (daily, weekly, previous days), providing real-time support/resistance zones. ➡️ You can use it for free — just check my profile under “Scripts” and add it to your chart. 💡 Pro Tip: Support Zones Are Stronger with Confluence Don’t rely on a single fib or level. When opens, VWAPs, SMAs, and fibs cluster, the probability of a strong reaction increases. This is how smart traders define clear entries and invalidation. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Long
by SiDec
22
SOL CRUSHING-bearish risks developing🔻 4-Hour Bearish Thesis 🔸 Price Action Clues SOL is currently stalling at the 0.5 Fibonacci retracement (~$198.18) of the full macro move — a classic profit-taking zone. Multiple upper wicks and indecisive candles at resistance indicate supply absorption and buyer exhaustion. After a steep rally, price is moving sideways in a rising wedge/flag, which is a bearish continuation pattern if broken downward. 🔸 Momentum + RSI RSI at 76 is extended and flattening — often a zone where short-term pullbacks begin. No confirmed bearish divergence yet, but momentum is weakening compared to earlier stages of the rally. 🔸 Volume Profile Volume on recent pushes is lower than during breakout, suggesting diminishing bullish conviction. Bearish if a breakdown below $194 occurs — that's the former breakout level and wedge support. 🧨 4H Breakdown Confirmation Break below $194 (key short-term support) → opens downside targets: 🔻 $186–$182 (prior breakout base) 🔻 $171 (0.382 Fib retracement zone) 🔻 Daily Bearish Thesis 🔸 Price Action + Key Zone Price is pressing against the neckline target ($198.18) of the inverse H&S pattern. Stalling under the red resistance line and 0.5 Fib. Recent candle closed with a small upper wick + reduced body size, hinting at hesitation after a parabolic run. 🔸 RSI Risk RSI is at 80.41 — very overbought on daily. While not immediately bearish on its own, this often precedes either: Sharp correction, or Prolonged consolidation 🔸 Fibonacci & Macro Resistance $198–$200 is a confluence zone of: 0.5 Fib retracement Previous structural resistance Measured target of inverse H&S pattern ALREADY HIT. This is not a great spot to initiate new longs — any weakness here invites a pullback. ⚠️ Invalidation of Bearish Thesis A strong daily close above $200–$204, ideally with expanding volume, would invalidate the bearish outlook and shift momentum toward $219 (0.618 Fib). 🧠 Summary: Yes, there is a short-to-mid-term bearish risk developing on both 4h and daily: Overbought RSI Stalling at major Fib resistance Decreasing momentum Vulnerable if $194–$195 breaks Remember: this WILL MOST LIKELY BE A SHORT-SHORT pullback, not a confirmed trend reversal… yet. BUT I'VE INITIATED A STARTING POSITION! THIS IS NOT FINANCIAL ADVICE. DrAnkin Smöökëē Whizkee. Edumacational Purpiz Only!
Short
by TheAlphaView
EUR/USD Surges into Resistance Ahead of ECBEuro is poised to snap a two-week losing streak with EUR/USD up more than 1.2% since the Sunday open. The advance takes price back into weekly resistance ahead of tomorrow’s European Central Bank rate decision and the focus now shifts to the weekly close for guidance. Euro plunged more than 2.3% off the June high with price briefly registering an intraweek low at 1.1557 before rebounding. The rally takes EUR/USD into resistance at the objective high-week close (HWC) / high-close at 1.1775- looking for a reaction off this mark with a weekly close above needed to keep the immediate advance viable into the close of the month. Initial weekly support remains with the 2016 swing high at 1.1616 with the medium-term outlook still constructive while above the March trendline (red). Ultimately, a break below the 2020 / 2022 highs at 1.1497 would be needed to suggest a more significant high is in place / a larger correction is underway with subsequent support seen at the 2024 high close / May low-week close (LWC) at 1.1164. A breach / close above this pivot zone exposes the upper parallel (blue), currently near 1.1840s, with the next major technical consideration eyed at 1.1917-1.2020- a region defined by the 100% extension of the 2022 advance and the 38.2% retracement of the 2008 decline (area of interest for possible top-side exhaustion / price inflection IF reached). Subsequent resistance objectives eyed at the 2021 HWC at 1.2227 and the 2018 high-close at 1.2456. Bottom line: Euro rebounded just ahead of the March uptrend with the rally now testing the yearly high-close ahead of the ECB- watch the Friday close with respect to 1.1775. From a trading standpoint, a good zone to reduce portions of long-exposure / raise protective stops- losses would need to be limited to this week’s low IF price is heading higher on this stretch with a close above the upper parallel still needed to fuel the next major leg of the advance. -MB
by FOREXcom
AUDJPY Wave Analysis – 23 July 2025- AUDJPY reversed from support zone - Likely to rise to resistance level 97.40 AUDJPY currency pair recently reversed up from the support zone located between the pivotal support level 95.55 (former monthly high from March and May), 20-day moving average and support trendline of the daily up channel from May. This support zone was further strengthened by the 38.2% Fibonacci correction of the upward impulse from June. AUDJPY currency pair can be expected to rise to the next resistance level 97.40, former monthly high from February, which also stopped the earlier impulse wave earlier this month.
Long
by FxProGlobal
NZDUSD Wave Analysis – 23 July 2025 - NZDUSD reversed from support zone - Likely to rise to resistance level 0.6100 NZDUSD recently reversed up from the support zone located between the key support level 0.5920 (which stopped wave 4in the middle of June), lower daily Bollinger Band and the support trendline of the daily up channel from April. The upward reversal from this support zone started the active intermediate correction (2). Given the clear daily uptrend, NZDUSD can be expected to rise to the next resistance level 0.6100, target price for the completion of the active correction (2) (which has been reversing the price from June).
Long
by FxProGlobal
Revsiting $150k - $200k Bitcoin (AND Next Bear Market Bottom)In this video I revisit my 2-year old study showing the potential path for Bitcoin to $150k to $200k and not only how we might get there, but the 11 reasons WHY we can this cycle. This is the same Fibonacci series that predicted the 2021 cycle high at the 3.618 (Log chart) and used the same way this cycle, with some interesting 2025 forecasts of: 1.618 - $100k 2.618 - $150k 3.618 - $200k There are quite a few confluences that we get to $150k like the measured moves from both the recent mini bull flag, but also the larger one from earlier this year. ** Also I touch on revisiting my study from 2 years ago where I may have discovered the retracemebnt multiple that correctlty predicted and held the 2022 lowes around $16k. ** It's a VERY interesting number you all will recognize (buy may not agree with). Let me know what you think.
COINBASE:BTCUSDLong
by BrettFogle
1
GOLD → Consolidation before the next jump to 3450?FX:XAUUSD continues to rally, with the price updating its local high to 3438 and moving into consolidation, possibly for another jump... After hitting a five-week high of $3,438, traders are taking a break. Optimism is fuelled by Trump's statements about the largest deal with Japan and negotiations with Canada, but uncertainty about the details of the agreements and political instability in Japan are keeping caution in check. The market is waiting for further signals on trade and political issues, which remain key factors for gold. Technically, the dollar continues to fall, which generally supports gold. But! Gold is approaching strong resistance at 3445-3450, where growth may be temporarily halted. Resistance levels: 3433, 3446 Support levels: 3416, 3401, 3375 As part of a local correction, gold may test consolidation support or 0.5-0.7f before continuing to rise. There are quite a few orders in the 3433-3446 zone, and it will be difficult to break through this area to reach the target. Consolidation before this level may help the rise to continue. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
25
BITCOIN → Consolidation and compression to 116K. Correction?BINANCE:BTCUSDT.P continues to consolidate, with the price testing support at 116K, leaving behind the zone of interest at 120K-121K. Are there any chances for further growth? (Alternative scenario (if growth to 120K does not occur)) Fundamentally, there is nothing particularly new, and the hype surrounding Bitcoin is stagnating. Technically, on D1, consolidation is underway with pressure from bears against the backdrop of an outflow of funds into altcoins. However, the dominance index is starting to rise, which could trigger some correction in the market. The price on the working timeframe, without updating local highs, is testing lows, and the latest retest of the liquidity zone is provoking a fairly aggressive reaction that could bring the price to retest the zone of interest at 120K-121K. But! If the price is squeezed between 116K and 0.5 Fib with a gradual squeeze towards support, the chances of a breakdown and a premature fall will increase. Support levels: 116370, 115860 Resistance levels: 119650, 120100 Technically, the market needs a breather or correction, which is generally a sign of health. The nuance with Bitcoin is that below 115860 there is no support until 112K, and if the market breaks the current consolidation boundary, the further correction could be quite deep. In the current situation, I do not yet see any drivers or reasons for another rally. Best regards, R. Linda!
Short
by RLinda
36
Gold Futures – Closing Longs and Flipping Short at Key Fib🔴 Gold Futures – Closing Longs and Flipping Short at Key Fib Confluence Instrument : Gold Futures – COMEX ( COMEX:GC1! ) Timeframe : 15-Minute New Position : Short Entry Zone : ~3442 Target : ~3362 Stop Loss : ~3458 Risk/Reward : Approx. 6.5+ Setup Type : Reversal from Overextension / Fib Resistance 💡 Trade Recap & Strategy Shift We’ve officially closed both our recent long entry and our larger swing long position, locking in substantial profit on this move off the 0.618 retracement. Now, we’re flipping short based on the following: Price reached the 0.146 Fib extension from the previous retracement leg, a level often overlooked but powerful when confluence lines up. Trendline resistance from the upper channel has been tagged. Momentum is showing early signs of stalling after a strong vertical push — textbook overextension. The rally into this level lacked divergence or structural buildup, increasing the chance of a snapback. 🛠️ Short Setup Details Entry: 3442 (after signs of exhaustion near Fib confluence) Target: 3362 (prior structure + 0.382 retracement) Stop Loss: 3458 (just above high / resistance zone) Risk/Reward: 6.5:1 — excellent profile for a countertrend play. 📌 Watch For A break below 3390 will be key confirmation of momentum shifting back down. Failure to hold 3442 on a retest will invalidate the short and re-open the door for a squeeze higher to 3476/3480. With trend exhaustion in sight and high confluence resistance overhead, we’re taking the opportunity to pivot short — fully aware of the volatility this region can bring.
COMEX:GC1!Short
by JoshuaDanford
2
EUR/USD - Holding Bullish Structure Above Key Fibs and TrendlineTechnical Overview: EUR/USD continues to respect its ascending channel structure, currently rebounding from the lower trendline support while trading above the 50 EMA and 200 EMA. After a healthy retracement to the monthly support (1.16128), the pair has shown strong buying interest, supported by bullish RSI divergence from oversold conditions on the 8H chart. Key Levels: Support Zone: 1.1613 – 1.1634 (Fib Cluster + Channel Support + Monthly Support) Resistance Zone: 1.1755 (Weekly Resistance) followed by 1.1816 (0.27 Fib Extension) and 1.1887 (0.618 Extension) Invalidation Level: Below 1.1533 (1.272 Fib + Structural Breakdown) Confluences: Price broke above a descending correctional trendline, indicating a potential bullish continuation. Multiple Fibonacci levels (0.382, 0.5, 0.618) have stacked around the previous consolidation area, increasing probability of a sustained move. RSI bounce from below 40 suggests short-term momentum reversal. Trade Idea: We may see a minor pullback into the 1.16344–1.1659 area before a potential continuation higher. Conservative bulls may wait for a retest of this zone with a bullish engulfing or pin bar confirmation before entering long. Targets: First target at 1.1755 (prior weekly resistance) Second target at 1.1816 (Fib extension) Final target near 1.1887 (major resistance / upper channel boundary) Risk Management: A break and close below 1.1533 would invalidate the bullish setup and signal potential bearish pressure returning to the pair.
Long
by WrightWayInvestments
GBP/JPY 4H - Rejection from Supply Zone and Key Fib AreaOverview: GBP/JPY is trading near 197.91, and recent price action suggests a potential short opportunity. The pair has been rejected from a key Fibonacci resistance zone, and bearish momentum appears to be building beneath a fading ascending channel. Let’s break down why this chart leans more bearish. Market Structure Breakdown: * Price action failed to sustain new highs above 199.90 and is now forming lower highs, a potential early sign of trend exhaustion. * The recent bounce from 197.40 was muted and rejected near the 0.5 and 0.618 retracement levels, indicating strong supply around the 198.68–198.98 zone. Fibonacci Confluence: * The rejection occurred right at the 0.618 retracement of the prior downswing — a key Fibonacci level often used by institutional traders to re-enter in the direction of the trend. * Price is now hovering below the 0.382 (198.38) and 0.5 (198.68) levels, which may now act as resistance. * If the current rejection holds, downside targets are: * 0.0 (197.40) – recent low * -0.27 extension (196.70) – potential bearish continuation target * -0.618 extension (195.81) – extended downside objective Trendline & Channel Considerations: * The ascending channel is losing momentum. Moving Averages: * Price is now below the 50 EMA, and testing the 200 EMA, which is at risk of breaking. * A clear close below both EMAs would confirm bearish momentum. RSI & Momentum: * The RSI shows bearish divergence on recent highs and is struggling to break above the midline (50). * Momentum is tilting to the downside and failing to build higher on bounces. Key Zones: * Resistance Zone: 198.60–198.98 * Strong Fibonacci confluence + previous supply * Support Zone: 197.40 * Prior swing low and 0.0 Fib level * Bearish Continuation Zone: Below 197.30 * Breakout would confirm downside acceleration toward 196.70 and 195.80 Conclusion: GBP/JPY is showing signs of bearish pressure beneath key resistance. With the rejection from the 0.618 Fib level and weakening channel structure, the path of least resistance may be to the downside — especially if price breaks and holds below 197.40. A confirmed breakdown opens the door toward 196.70 and possibly 195.80, as bearish continuation unfolds. Overall we can even see price hitting past historical levels at 189.50
Short
by WrightWayInvestments
GBPNZD - Looking To Sell Pullbacks In The Short TermM15 - Strong bearish move. No opposite signs. Expecting bearish continuation until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -----------------------------------------------------------------------------------------------------
Short
by VladimirRibakov