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Fibonacci

Breakout Imminent: XRP Supported by 2018 Market Cap ATHXRP got swiftly rejected from the 1.272 Fibonacci extension ($161.46b) on Monday but found immediate support at it's 2018 market cap ATH of $128b. On the hourly, it is currently in a downward wedge having been rejected for a breakout 3x times, but supported 4x times by the ATH. It should breakout no later than Sunday, though a current resistance retest looks promising for an imminent breakout back up to try the 1.272 Fib extension once again at $161.46b. An XRPUSD retest of the $2.9 is likely. Failure to break this could see us pushed down to the 2018 market cap ATH to re-test confidence in the support level or further below to the 0.786 retrace at $100B / $1.75 on the XRPUSD which is also the 0.5 retrace level Longs at the $2.22 are a good call, with tight stop losses set to $2.15 incase support crumbles.
CRYPTOCAP:XRPLong
by TheDragonflyDoji_
3
More 4.23 Fib Doom Posting We'll touch on all the main concepts of the thesis covered here in this post but it's already extensively covered in the below related post. For full context it's best to read that first: My betting pattern through these fibs is always the same. I'm always interested in fading moves at the 1.27 - 1.61 fibs. If those break I am always looking for strong momentum to the 2.20 fib. If and when 2.20 - 2.61 fills I am always looking for reversal possibilities and if 2.61 breaks I always expect it to go parabolic to the 3.xx fibs - and I'll always come in to try and fade the move again around the 4.23 and the 4.23 spike out. If and when a 1.61 breaks my overall thesis dramatically changes. For example, heading into the 1.61 on NVDA at 450 I was interested in possible reversal trades. Once I seen the 1.61 was probably going to break my forecast changed to a rally of a close to 200% in NVDA to fill the 4.23 fib. 4.23 fibs are extreme polarizing events. Extreme polarising events are what I most like to trade. If something might go up 50% or might go down 50% and I only have to risk 5% to bet on one or the other, I'm going to take those bets every single time. I know I am not going to lose over 85% of them (based on historic testing - past performance does not .. bla bla). When we're at a 4.23 in the grand scheme of things there are only really two things I see happening and both of them are notable changes in the tone of the trend. At the 4.23 the trend is either ending or it is heading into hyper performance. Here's an example of hyper over performance. If we draw a fib from the high to low of Black Monday, we can see there was a weak stall and retest of the 4.23 and after that the scope to make money as a bear was extremely limited for a significant period of time. Interestingly enough, when a bear move did come - it was just a retest of the 4.23. To me, it's a total no brainer to fade the 4.23 fibs. Since I know it's likely to be a polarizing event I know I can fade the high probability level for a reversal and if it does not work I can just flip long and make all my money back quickly. The area in which I have to be wrong relative to the area I can get my money back long is tiny. My area of pay off in the event of the 1.27 retest relative to my area of risk is tiny. And almost invariably I am long into the 4.23 hitting - so I've usually made a lot more in longs than I can lose fading the resistance anyway. NVDA is a classic example. Made more than enough in the 1.61 breakout into the 3.xx fibs to cover all the possible zones I'd want to short and be wrong in a runaway trend. Exceptional reversals have happened at 4.23 fibs. Many of the most famous reversals in history came right on that level. Here's the Depression. Filled the 4.23. Crashed all the way to the 1.27 spike out. That happened in 1929. All these years later, the exact same thing happened in the BTC top. Topped 4.23 and dropped all the way to the 1.27 spike out. Kinda weird. Especially after making the 4.23 top. And these are classic expressions of the bust pattern. Here is the self-same pattern expressed in the BB bubble and pop, taking 20 years to fill all the phases. If you'd drawn a fib on the 2016 pullback then you'd have watched SPX spike above the 4.23 early 2020 and then crash to the expected support fibs. Even although this move was "Entirely unpredictable" and "Purely based on a Black swan event" - it traded level to level exactly as the TA template would imply, and that implied move could have been charted in many years before the levels filled. ==== Big 4.23s. Now we've covered some conceptual stuff that allows you to understand the context of the 4.23 decision levels - here's a dump of big ones that have now filled. NVDA MSTR GOOG VOO TSLA DJI All of these are either at their test point of the 4.23 or they're at areas where real make or break points are because we either have the 4.23 heads fake (setting up devastating reversal) or we have 4.23 breaks which complete annul any big bear cases for the foreseeable future. Now that we have these major decision points, the velocity of markets should increase. This is true of both the reversal and breakout setups. If the breakout comes, it makes the previous trend look trivial (and the previous trend was exceptional so that would imply hyper parabolic markets). And if the 4.23s are actionable resistance levels, we'd be in the final throw before a dramatic risk off shift in markets. Quite legitimately, the most interesting spot I think stocks have ever traded in my entire trading life. In 2009 at the low, this fib could have been drawn and from as early as then we could have determined a massive decision comes somewhere 5,000 - 6,000. Using that could have got you short the exact high of 2022. Now we're waiting to see what happens on the break or fake action above the 4.23. Which ever way it goes this is, technically speaking, the most important inflection point we've had so far. Multiple years of trend up or down will likely be decided right here in this spot. Exciting times to be a trader, whatever way it goes.
SP:SPXShort
by holeyprofit
7
UBER potential very strong new additionUBER is at an extremely attractive setup here. We have hit a multi month trend line again, with a strong pullback to the golden fib. This company keeps growing in all important metrics. There is FUD with waymo and tesla. What people dont realize is waymo has a partnership with Uber already, and move is also partially owned by Uber. Uber provides over 8 billion rides per year, their network effect and aggregation is extremely valuable. "In a digital network, value flows to the aggregator". Uber is the demand, many people cannot afford cars, people in cities prefer this product. Uber also has several company partnerships for longer term assistance. Uber is expanding in Latin America and Asia pacific. Gross bookings, total trips, and revenue continue to climb. This company will be a cash flowing machine once they turn on the switch. I am a very strong buyer here fundamentally, and TA wise. My target is well over 100$ on the yearly
NYSE:UBERLong
by Apollo_21mil
2
UNTR Buy Setup1. Trend Confirmation: Identified a Flag Pattern Consolidation after a bull, indicating a continuation in bullish market sentiment. 2. Fair Value Gap (FVG): On the Daily chart, identified Fair Value Gap between 25.400 - 26.125 3. Trade Execution Entry Price: 26.550 ( Engulfing Candle on 15 Nov 24) SL: 25.300 (below FVG) TP1: 31.500 (Previous High) Risk-Reward Ratio (RRR): 1 : 4 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:UNTRLong
by Phoenix-Rise-Trade
ETH cant withstand USDT.d hard bottomFirst of all we had a good run up for a coin who called dead. Remember we have been in the 2250 - 2500!! From the lows its a rough 75% up. ETH couldnt propell up like other coins did, e.g. XLM 5 fold XRP the same... But now we are here at the big support of USDT.d Expect hard drops, like no one can imagine at that time. I painted some arrows with the next Fibonacci but it could also be 1 Fibo line below for each arrow to start and stop. Only future will tell. Trade safe and stay in spot market as it brings constant gains over long time. Forget leverage you will be wiped out of market as i experienced lev trading from 2016-19. After i stopped that gamble i had profits in my hand and bank account :)
Short
by coinwide
1
NVIDIA: All Fractal Patterns - You decide the directionPatterns create a framework for understanding market behavior, helping you organize chaotic price action into more predictable structures. In this report I'm prepared to go through most Patterns I can spot across NVIDIA Chart to be able to interpret bigger emerging picture. REGULARITIES "Think not of what you see, but what it took to produce what you see." ~ Benoit Mandelbrot Fractal Cyclicality Sub-cycles are smaller composite cycles recurring within larger ones, showing periodic patterns of price oscillations that collectively shape the rhythm of the full cycle. In NVIDIA's chart, these sub-cycles typically consist of three final peaks, each representing the market's effort to sustain bullish momentum while gradually approaching a point of inevitable bullish exhaustion. The peak of the 3rd composite sub-cycle is critical decision-making period for bulls, indicating last chances for the profitable exit points before major trend reversals take hold. Fractal Validation Through Scaling This particular fractal, starting from 2015, caught my attention due to its consistency and proportional alignment with the current market cycle. According to EW, fractal matches really well from 1 to 4 wave. The 5th wave, being too prolonged. Either it played out faster because oh higher frequency of reversals. Assessing: Expansion with observed part of pattern Final Peaks Scaled with derived top of cycle: Another progression nicely curved that could match with smaller scale cycles as building blocks Alignment with 1st systematic cycle: This means that next single-cycled consolidation confirms bearish exhaustion by matching proportions within a cycle. "Reactive" Patterns to after heavy drops, like this often contain compressed fractals with higher frequency or reversals. Witnessing how even single-cycled bullish “consolidation after drop” contains undeformed proportions of fractal, at this point there is no need to look for another fractal. This approach illustrates how dynamics of smaller cycle evolve into larger market movements, maintaining their core proportions across price and time scales. The ability of these patterns to mirror both micro (next one) and macro (overall shape) levels indicates that the metrics defining these fractals are consistent and scalable across timeframes and price scales. This scalability hints at a deeper, intrinsic market behavior rooted in fractal geometry. The fact that all patterns seem to "abide by each other's metrics" implies a self-referential system, where smaller cycles influence larger ones, and vice versa. This aligns with the theory of self-similarity, a core principle of fractals, suggesting that markets are not random but governed by a structured, recursive mechanism. Viewing the chart in logarithmic scale amplifies this universal quality, as it normalizes the exponential growth of markets and reveals the proportionality between fractal patterns. Will do Fractal Mapping with Fibs in Part II
NASDAQ:NVDA
by fract
1
SWING IDEA - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals. Reasons are listed below : Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum. Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest. Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend. 50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment. Volume Spike : A significant increase in trading volumes highlights growing investor confidence. Target - 1190 // 1380 Stoploss - weekly close below 825 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:PNBHOUSINGLong
by Visionary_Growth_Insights
Gold swing trade target 560 pips This week we are looking to sell gold when it reaches the top of our 4 hour channel. On the 4 hour chart I have drawn some trend lines which indicate a flag pattern forming , by adding Fibonacci re trace and noting the 0.618 area it gives me an indication of where gold will push to. However this will not be our entry, if you look left on the chart you can see previous area where high resistance has taken place, I feel this will be a more likely area to enter . Plan Wait for gold to get that initial push up to 6272.4 and monitor for rejection on the trend line from the channel. Our take profit will be 2620 which is 560 pips. I think I am being conserve here but ill be moving mt SL to this level if we get there to secure some pips. 2620 is usually a strong level of support until its not so if we break we could be looking at 2600,2595,2585 area and down As always trade safe use proper risk management don't over leverage Check out my other charts on here Trade safe
OANDA:XAUUSDShort
by F0rexBorex
Gold weekly chart with Buy and sell levels Gold weekly chart with Buy and sell levels. Gold traded bearish for the month end. Indicators on the monthly chart Stochastic is at extremes and when you see this we normally follow for a correction. RSI showing overbought MacD at extremely high levels and convergance meaning a fall. For a sell entry ill look at entering at 2638 expecting 2630,2622 and 2610 follow it down until we see high first support at 2591, continue on monitoring all the levels marked. For a buy ill look at entering at 2664 expecting 2671,2677, 2684 and 2700. As always trade safe use a trailing stop and a stop loss. Use good risk management .
OANDA:XAUUSD
by F0rexBorex
1
USDJPY swing target 372 pipsUSDJPY sell idea. Wait for level and reject sell entry at 150.250 , TP1 147.382 (288 pips) TP2 146.485 which is weekly support. My plan if we don't gap up is to buy to 150.250 and expect a rejection at that level. Method Higher time frame analysis , trend lines from weekly and daily levels and fibonacci levels. As always trade safe USDJPY can be a very volitive pair especially around 1 hour after Tokyo open. Important to wait for levels and best entry is a break and retest of the level. Don't over leverage nd let the trade come to you.
Short
by F0rexBorex
1
NIFTY50.....Seasonlly it has to rise, but.....Hello Traders, the NIFTY50 has moved to 24857.75 on Thursday December 5th. The move to this level has been not expected to me, but it overcome the 0.786 Fibonacci of the latest decline from 24234. This higher the facts, that the decline was done @ the low at 23263! Notice, that @ 24990 the advance from 23263 will be equal in length (a=c)! So at this level, a corrective countertrend move could have end.If so, we should label the chart as a waves a-b-c of b and the next coould be a decline. It depends on the internal structure of the waves, which pattern will develop. For now, it is to soon to judge. A move above 25600 opens the door for a new ATH for N50! The level of 23826.85 to 23907.55 (smaller rectangle) is now support-area for the next days ahead. I will update the chartr in the coming days. Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase