Fibonacci
$SPY January 8, 2025AMEX:SPY January 8, 2025
15 Minutes.
592 was broken.
For the rise 580.5 to 599.7 AMEX:SPY has retraced 61.8%.
For the fall 597.75 to 586.78 592 to 594 will be level to short SL 596
Since AMEX:SPY below all moving averages the short at 592 - 594 will give a target around 584-585 levels in 15 minutes.
For the day long only above 596.
BTC SHORT - Intermediate reversal TradeBTC has formed a shooting star close on the monthly chart, and also has a head and shoulders showing up on many time frames (1D, 2D,etc.)
It is having a hard time breaking into the 99K + resistance area.
I have an adaptive short trade here.
Blue Box entry, blue box - 96,500 - 99K Stop loss just above 100K
Red Box Entry, if price goes into the red box 99k-104,500K - stop loss above ATH price of 108,321ish
Take Profit 1: 85K
Take Profit 2: 81.3K
Take profit 3: 78K
Take Profit 4: 72K
Take Profit 5: 66K
I have a lot of take profit areas up because it is hard to tell how big of a correction BTC will have overall if it does have a correction. I do see the potential all the way down to 52K, though.
Thanks and trade safe!
SUI Intermediate Short TradeHowdy everyone!
SUI has been on a tear!
Well, I think that BTC is showing a nice sized reversal before the final parabolic phase of this bull market. I also think that SUI has hit an area of interest, and it is way overbought.
I think that shorting as close to the current 4.236 of this fib sequence at $5.26 is ideal.
Entry - As close to $5.26 as possible. Once we get further confirmations, there will be multiple areas that you can enter a short. I am attempting to catch the reversal here. My take profits are based on catching the reversal.
Take Profit = TP
TP 1: 3.26-3.72
TP 2: 2.85-3.02
TP 3: 1.98-2.50
TP 4: 1.24-1.65
Stop Loss: Above current ATH of $5.36
This depends on how big of a correction that BTC gets. We have a monthly shooting star on BTC, and BTC is showing head and shoulders on multiple timeframes (1D, 2D, etc.)
Thank you and please trade safely!
Coca Cola $KO Fibonacci Re-tracement Coca Cola NYSE:KO Fibonacci Re-tracement
👀 NYSE:KO 📈📉 Analyzing potential price action in Coca-Cola using Fibonacci Retracements. Identifying key support and resistance levels for potential entry and exit points. 💰 #TechnicalAnalysis #TradingView #Fibonacci #SupportResistance #RiskManagement"
USDCHF Wave Analysis 7 January 2025
- USDCHF reversed from support zone
- Likely to rise to support level 0.9130
USDCHF currency pair recently reversed up from the support zone located between the support level 0.9020 (former top of the impulse wave 1 from December) and the 50% Fibonacci correction of the upward impulse from last month.
The upward reversal from this support zone continues the active minor impulse wave 3 of the intermediate impulse wave (3) from December.
Given the persistent daily uptrend and the bullish US dollar sentiment, USDCHF currency pair can be expected to rise to the next resistance level 0.9130 (which reversed the earlier upward impulse).
EURUSD Wave Analysis 7 January 2025
- EURUSD reversed up from resistance zone
- Likely to fall to support level 1.0255
EURUSD currency pair recently reversed down from the resistance zone set between the resistance level 1.0435 (which has been steadily reversing the price from the end of December), 20-day moving average, 50% Fibonacci correction of the downward impulse from December.
The downward reversal from this resistance zone continues the active minor impulse wave 3 from the start of last month.
Given the clear daily downtrend, EURUSD currency pair can be expected to fall to the next support level 1.0255 (which reversed the price sharply at the start of January).
SPX500 long termThe Pitchfan analysis suggests caution, as SPX500 may face downward pressure if it fails to hold critical support levels. A combination of macroeconomic factors and technical signals could contribute to a deeper correction in the long term. Traders should monitor support levels and look for confirmation of bearish breakdowns before making decisions.
GOLD → Price buyback, local bull characterFX:XAUUSD is in a narrow channel, in consolidation, which complicates intraday movement, but nevertheless traders have a chance for possible growth. There is a lot of important news ahead that may give traders a chance.
Despite the strong intraday movement in gold, we can say that the price is standing still in the range of 2600 - 2660. Quite a difficult place for the price due to the huge density of volumes, levels, tails... Traders are refraining from new directional bets ahead of the release of crucial data on ISM Services PMI and JOLTS job openings in the US.
After a strong fall the price was bought back and returned to resistance 2648 - 2650, most likely further struggle will be for this area. The falling dollar broke the support line, thus giving an advantage to gold.
Gold and the dollar are already starting to feel Trump's power and are reacting to his statements as quickly as they did during the last period of his presidency....
Resistance levels: 2649, 2664, 2674
Support levels: 2632, 2610
Until the price leaves the channel 2600 - 2665, most of the movements will not be very clean (nature of price movement inside consolidation). At the moment the emphasis is on 2649. If the bulls will keep the defense above this zone, then in the short term the price may show growth to the local maximum
Regards R. Linda!
Bitcoin Roadmap!!!Bitcoin ( BINANCE:BTCUSDT ) is still moving in the Resistance zone($100,000-$98,000) .
Compared to the previous analysis , I still have the opinion of correction on Bitcoin .
Regarding Elliott wave theory , Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
Also, USDT.D% ( CRYPTOCAP:USDT.D ) is in a very sensitive zone . Given that USDT.D% is near the lower line of the descending channel , the support lines , and the support zone , I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours , and the increase in USDT.D% can cause Bitcoin to decrease .👇
I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000 .
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️
Cumulative Short Liquidation Leverage: $100,840-$100,000
Cumulative Long Liquidation Leverage: $97,870-$97,000
Cumulative Long Liquidation Leverage: $96,000-$95,000
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SFM to $142My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative and at bottom of Bollinger Band
Entry at $100131.5
Target is $142 or channel top
Public trade #5 - #ACT price analysis ( Act I: The AI Prophec )Nowadays, the #ACT coin is quite hype.
And most platforms display the OKX:ACTUSDT chart as circled above.
What do you think of this full price chart of #ACTUSDT presented by us?)
Scary, isn't it?)
👀 We are going to watch this asset for now #ActITheAIProphecy
And we would dare to buy not earlier than if the price falls into the Buy zone $0.024 - $0.036 - $0.048
_____________________
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USDJPY trade idea buy and sell levels 05/January 4 hour chartUSDJPY traded bullish all week you can see this as a conformation on the daily and weekly trend lines.
My bias would be bullish if we can break through resistance at 158.059
Entry for a buy would be 158.160 expecting to reach 160.276 which is next resistance.
For a sell I would enter at 156.724 , need to watch out for 156.233 but if broken would expect a retrace to next support at 154.923 level
As always use proper risk ,amagement and secure some pips when in profit
Weekend special - Will 2023 be a better year?As everyone is enjoying the weekend, I want to give you guys on here a special treat!
We cover Palantir for over a year now, and the stock has been trading downwards ever since. Because of the whole bear market last year, which hit technology stocks especially hard, bullish signals couldn’t be observed in this stock.
However, since the new year Palantir could steadily build up momentum and managed to gain almost +23% since the significant low @5.92$. We estimate that the whole bearish count has finally come to an end, and it is very likely that 2023 is going to be a lot better for Palantir than 2022!
From a technical perspective we can clearly say, that Palantir finished three bearish waves, which are marked in orange (iv), red 4 and in purple (4). The last wave down formed a very common chart structure, which is known as the “ending diagonal”. In such chart structures, a wave 3 is mostly very short and wave 1 seems to be very big in comparison to the other waves. The price action in Palantir really depends on how the Nasdaq will perform in the following weeks, currently the whole market seems to recover, and we are confident that Palantir will profit from this.
Investors who are interested in this company and who don’t already hold stocks can use this opportunity to accumulate in our marked zone. (9.63$ - 5.13$)
We currently cover a microcount which can be seen below, as many investors who are familiar with Elliot waves know – micro counting is very speculative. We are going to monitor Palantir very closely in the next weeks and if investors on here are interested in this company we could post updates about it more frequently.
In our microcount we are currently in wave (v) in green. The wave (v) should push the price into the orange Fibonacci zone ranging from $7.24-$7.70, overshooting is possible. After this the price should go into a small wave 2 correction, we will calculate a new buy zone for wave 2.
Please note that we are already invested in Palantir with 2 positions, which we announced last year. If Palantir manages to establish a minor bullish wave 1 – wave 2 we will decide to acquire another position…
Long #1 (Announced 21.03.2022)
AVERAGE EXECUTION PRICE: 12.53$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Long #2 (Announced 09.05.2022)
AVERAGE EXECUTION PRICE: 7.59$
STOP-LOSS: NONE
LONGTERM TARGET: +80$
Apple May Be OversoldApple surged to a new record high around Christmas, and traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the weekly low from December 9 at $241.75. The iPhone maker came within $0.07 of that price last Thursday before bouncing. Is support in place above the peaks last July and October?
Next, that level was near a 50 percent retracement of the rally that began in early November. Holding that spot may confirm AAPL’s direction is bullish.
Third, stochastics have dipped to an oversold condition.
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Alphatec Holdings Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Alphatec Holdings Inc.
- Double Formation
* 012345 | Completed Wave Count Survey
* (Neckline) At 7.00 USD | Subdivision 1
- Triple Formation
* 7.50 USD | Area Of Value
* (Triangle Structure)) | Uptrend Bias | Subdivision 2
* 3X Retracement Numbered | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Gold Analysis==>>Second Attack!!!Gold ( PYTH:XAUUSD ) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them ( Fake Break ).
Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ) .
According to Elliott's wave theory , Gold seems to have completed 5 bearish wave s and is currently completing upward corrective waves .
I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time .
⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ) , we should expect Gold to rise further.⚠️
⚠️Note: At most, you can keep the Short position up to $2,668.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EUR/JPY Bearish Reversal Setup Double-Top RejectionThe chart indicates a potential bearish reversal setup following the rejection from a key resistance zone. The presence of bearish signals, such as the double-top formation and a break of structure (BOS), aligns with the bearish outlook on the higher timeframes (4H and 1D). The trade setup highlights multiple profit levels, emphasizing a controlled risk-to-reward strategy.
Key Observations
1. Resistance Zone: Price has been rejected at 165.304, forming a potential double-top pattern.
2. Break of Structure (BOS): A bearish signal confirming downside pressure.
3. Entry Zone: The short trade is initiated near 164.229, just below the resistance.
4. Stop-Loss: Positioned at 165.304, above the rejection zone, ensuring limited risk.
5. Take-Profit Levels:
First target: 163.955.
Second target: 163.154.
Final target: 162.080, aligning with a significant support area.
Strategic Implications
Bearish Confirmation: Watch for sustained bearish momentum below the BOS level to validate the setup.
Risk Management: Maintain a tight stop-loss at 165.304 to avoid excessive losses.
Profit Targets: Consider partial profit-taking at intermediate levels for secure gains.
This setup aligns well with the bearish structure on the higher timeframes. However, traders should remain cautious of potential reversals if the price fails to maintain momentum below the entry zone.
Fibonacci Support & Resistances for Nifty (Medium term outlook).Important Fibonacci support for Nifty drawn on daily line chart of Nifty is at 23349. Below 23349 closing bears can have a field day and can create havoc but that looks less likely as of now. The closing today is 23207 which is just above 200 days EMA or the father line which is a good sign. Father line was at 23700. On the upside the Fibonacci resistance for Nifty seem to be at 23902, 24170 (Important Mother line Resistance) 24236, 24467, 24780 and finally Fibonacci Golden ratio from the current levels is at 25185. It will take some doing from the Bulls to close above this level. This presents the medium time frame outlook for the Nifty.
RSI indicator also seems to have taken an upward swing but mid level is yet to be crossed for that indicator.
MACD indicator suggests that Moving averages are fighting hard to converge and bring back some bullish momentum into the market to infuse some life into the Bull who are trying to come out of comma.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.