Pulse of an Asset via Fibonacci: NDX at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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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.
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
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
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Fibonacci
LUV eyes on $28.xx: Double Golden fibs that might start next legAirlines have been on the rise for a while.
LUV earnings beat but stock has dipped.
Major support, long above, short below.
$ 28.53 - 28.92 is the key zone of interest.
$ 27.64 solo fib for SL if long or TP if short.
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SQ eyes on $71.90: Double Golden fibs for 12.5% to 20% gainsSQ is currently testing double golden fibs.
They are a golden Genesis plus a Covid fib.
High gravity duo might cause some orbits.
$ 71.84 - 71.94 is the exact range of interest.
$ 66.07 - 66.36 is next support below for SL.
$ 80.96 - 81.16 is the first resistance above.
$ 86.52 - 86.93 will be a major resistance.
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APLD eyes on 8 bucks: return trip after longs, will not hold?Followup to my long call on $8.10 break (click).
We got out scalp long entry and exit on fibs.
We are now back to the scene of the crime.
Major support tried to hold but looks to fail.
Starting a new week so maybe new sentiment.
$ 7.97 - 8.10 remains the key support here.
$ 6.92 - 7.07 may be tested if bears step in.
$ 4.57 - 4.70 will be critical uptrend support.
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Vertex Pharmaceuticals (VRTX) | Chart & Forecast SummaryRight Here You Can See Vertex Pharmaceuticals Incorporated (VRTX) Registered As (VRTX) On The New York Stock Exchange, Vertex Pharmaceuticals Incorporated Is An American Biopharmaceutical Company Based In Boston, Massachusetts.
The Following Chart & Forecast Summary On Vertex Pharmaceuticals Incorporated (VRTX) Has been Subject On
Key Indicators on A Trade Set Up in General Like A
1. A Push Set Up
2. A Range Set up
3. And A Break & Retest Set Up
Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand It Tells Us
"Long Bias For Now"
How I use ORB with Fibonacci Retracement to find (R) and Target.This video will explain how to draw FIB on ORB to find potential resistances and target.
Setting style of Fibonacci Retracement for first target 2.0%: (0%, 0.5%, 1.0%, 1.5%, 2.0%)
extension for Fib is to add another +1.5% incrament to Frist Target of 2.0%. (....2.0%. 2.5%, 3.0%, 3.5%)
Silver Trade IdeasLooking at Silver there are two good opportunities that may come into play with a good RR potential.
First lets address the narrative... Gold both XAUUSD & XAUEUR are driving to the upside for new highs to be made prior to the elections, after which the narrative will need to be re-assessed. The COT data from last week shows 13,266 long positions were added bolstering price, making Long trading the go to, to follow the big institutions.
(cotperspective.com).
Tensions in the Middle East have heightened with Israel now attacking Iran.
Long Trade.
Entry- 29.88
SL- 50 pips (50 cents)
TP- 110
Confluences-
-Key Level with 3 touch points
-50% Fibo of most recent impulse
-Possible trendline 3rd touch timing dependent
-Alignment with XAUEUR can be assessed if price moves to area
Short Trade.
I'll be looking to short from the all time high of XAGEUR
Entry- 34.2
SL- 55 pips
TP- 190 pips
Confluences
-Profit taking
-All time high
-Gold alignment required
My Bullish GBP/USD Strategy Using X1X2!You have no idea how many opportunities are there when you're simply following "X1X2"!
I invite you to engage with me in this analysis!
Current Fundamentals Supporting a Bullish Bias on GBP/USD:
1. Positive UK Economic Data: Recent reports indicate that the UK's GDP expanded by 0.2% in August, aligning with analyst expectations. Additionally, industrial production and manufacturing have shown growth, which supports the Pound's strength against the Dollar.
2. Diminishing US Dollar Strength: The US Dollar has faced selling pressure, particularly in light of recent mixed macroeconomic data. A softening inflation rate and rising initial jobless claims have raised concerns about the US economy, contributing to a bullish outlook for GBP/USD.
3. Market Sentiment Shift: An improving risk mood among investors has led to optimism regarding potential Federal Reserve rate cuts. This sentiment has weakened the Dollar, allowing GBP/USD to gain traction above key support levels.
Utilizing Probabilities in My Swing Trading Strategy:
In my trading approach, I employ a system known as X1X2, which focuses on probabilities to determine optimal entry points for long positions in GBP/USD.
In conclusion, my bullish bias on GBP/USD is supported by favorable economic indicators from the UK and weakening US economic data. By leveraging probabilities through my X1X2 system, I aim to position myself effectively for potential long trades in this pair.
1W:
3H:
Coin update (and conl)We are going to experience a VERY volatile week here. We have a huge earnings week with massive growth and value companies on the list including coin, hood, alphabet, amazon and meta. The week leading into an election is also usually very volatile and ridden with fear. I still expect Coin to take off here, with the positioning of BTC closing a full weekly candle body above the breakout zone with an open stochastic RSI I am very bullish. The daily has already cooled off so another leg is very possible here.
My plan:
I will likely buy CONL shares tomorrow for this setup to gain immediate exposure, I will wait to see how this plays out, if we get a really red setup I will sell CONL puts. If we really pump hard I will sell covered calls on my CONL shares. I believe we approach this zone I have marked in little time testing the long-term resistance again.
TRXUSDT in next couple of months price will hit 0.22$ and 0.28$As we can see price is now broke the trendline resistance zone and retest also complete so we can expect heavy pump soon to our targets mentioned on the chart or as second scenario we may have range and short-term fall here to the major Weekly support zone and soon after that the expected pump is ahead.
DISCLAIMER: ((trade based on your own decision))
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Bitcoin Elliott Wave possibilities. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The move from
69.5k looks 3 wave.
Ideal for Short-term bulls.
BUT, a single complete Zig Zag does not necessarily mean the correction is complete. Context could help.
Here are some possibilities I am considering if it is not complete atm.
Trade Safe,
Trade Clarity.
GpbchfGBPCHF Daily Analysis
Currently, GBPCHF has bounced off the golden zone on the daily timeframe, indicating a potential buying opportunity. We will be watching for a buy setup as price action suggests support in this key area. If the price maintains above this zone, it may signal a continuation to the upside, making it an ideal area to look for entries that align with the prevailing trend. Monitoring this level closely will help confirm the strength of the bounce and validate the potential for a bullish move.
Monitoring pair 1AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD will likely approach a significant area where a retracement is anticipated. The 0.168 Fibonacci level is expected to serve as a potential pullback zone, where the price may consolidate or reverse. This level could act as temporary support or resistance, presenting an opportunity to evaluate future trade entries and exits. Observing how the price behaves around this level will provide insights into the strength of the trend and potential setups for continuation or reversal.
BTC USDT valid ELliot wave analysis with wyckoff and trendlinei am new please share your opinion did i need some correction or this analysis is good?
each border color is telling 5 wave cycle and background green is motive and red is corrective waves. you can count in which wave we are with simply checking border color of box
Bitcoin at the brink of... what exactly?Seems like Bitcoin is at the brink of an outbreak, but if bulls aren't strong enough, it might go down again for a while.
Since March '24, Bitcoin is building up a huge megaphone pattern, which should be a good, bullish sign. The price has escaped this pattern lately, but if Bitcoin falls below 65k, we're in it again and it might take another turn down, maybe even to 42k, until it's going up again.
I'm quite positive that this is not going to happen, since we're at the end of the year, which is usually a good time for bulls. Plus the US election will relieve tensions in the market, once it's finally over - if nothing bad happens, like e.g. what happened in January at the capitol last time.
If the breakout lasts, I'd say there's a good chance for a new price explosion similar to the end of 2020, which could bring up BTC to roughly 260k in the best scenario. This would also be in line with the 4-year cycle, Bitcoin follows for some more time now, mainly due to the halvings. There are however some resistances in between, for example the Fibonacci levels at 105k and 165k. Additionally the 100k threshold will most likely be hard to crack, especially since the Fibonacci level is just 5k above.
Whatever the near future, I'm optimistic, we'll reach the goal of >250k within the next 18 months. I could even image it going higher, since the increase in price was almost 10x between the peaks in 2014 and 2018. Between 2018 and 2021, it was only about 3x, which in my opinion was caused by the pandemic and Trump's free money leading to an early rise and finally in a double top.
NEARUSDTI have said it many times in my speeches and I will say it again, money has the power of God in today's world
It is better to express my words this way, if Trump wins the US election, you will also see that the crypto market will experience a heavy drop, so that the government budget deficit and the heavy expenses of the US government and the US stock market will be saved from bankruptcy, with a plan that Picking for the market
This is my point of view, there may be other points of view
The duty of friends who believe in my analysis is to register these currencies, which will be registered from today, in a place where they can move like the American government and enjoy the chart.
There are two views of the market, the first view is downward, the second view is upward
My view on crypto is bearish, friends, from today onwards, be careful in your spot purchases, it will be more dangerous than you think.
Because big companies have to do this to save themselves from bankruptcy and take a drastic swing from ordinary people.