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Fibonacci

Using Fib lines to display high probablity entries and exitsI have found that Fibb Numbers can be highly effective and does not lag like an indicator. These numbers can be used to visually validate pullback and bounce zones, predict the closing price, validate a healthy trend, and show areas to take profit. using these numbers will allow the trader to visually understand how price may move. It is key to wait to validation of the level the market price comes to test. These numbers can also be used in tandem with indicators and the Gann box to further validate what is happening. It is key to use the on a time frame higher than 5 minutes to gain a view of the overall trend for the day or week. I prefer using the 15 minute time frame to view and the 5 minute time tame to validate. These levels can be used on areas of previous price moves to guide a trader before the move even happens. Using the lines allows you to really hone in on what price is showing you, where you are wrong and need to get out of way, and when to add to a winning position. Use these concepts with an institutional investors mindset. When a market is trending pullback occur from retail traders emotions causing them to sell early out of there winning positions. On these dips institutions add to a winning position because they have an edge and sense of calmness and validation provided by the fibbonacci levels. An extreamley important aspect of profitability is keeping a consistent risk to reward, cutting losers short, and letting winners to run. It is key to follow what the number are showing you and be patient for the price to validate your theory. Than an entry is taken when it is most clear that the trend is going to continue. If you are in a winning position start to think of ways to plot the next line array. use the previous legs pullback to project an upper array of numbers that may provide confluence. Volume coming into the market at these levels is also very tell tale sign this move may have institutional support. Trust the number and their properties. Avoid trading with your ego trying to predict a direction, bias, or outcome. Simply observe a trending market and let the Fibs do the rest of the talking.
NASDAQ:QQQ
by GiancarloZacc
1
EURUSD Elliott Wave: Gap is GoneExecutive Summary: EUR/USD weekend gap down has been fully retraced The Elliott wave trend has shifted from down to up Initial upside targets include 1.08 & 1.12 EUR/USD Gaps Down on Trump Tariff Announcement Over the weekend, announcements of tariffs in place by President Trump caused EUR/USD to gap lower on broad based USD strength. It was approximately a 130 pip gap which is large for forex. This gap has been fully retraced and covered providing evidence it was an exhaustion gap. EUR/USD Elliott Wave Analysis EUR/USD has been trending lower since September 2024, covering a range of nearly 1000 pips. Our review of the technical charts using Elliott wave analysis shows that a major low may be in place and a large rally is underway. Our view is that the decline from September 2024 is an ending diagonal wave C of (2). In the chart above, the ending diagonal is colored in blue. As the name implies, an ending diagonal is an ending pattern of a larger wave sequence. In this case, it ‘ends’ the pattern that began January 2023 as a large sideways flat. The low on January 13 at 1.0177 appears to be the end of the two year suggesting the next rally could unfold over months and possibly years. One common feature of the ending diagonal is that the next wave tends to be a swift retracement. This implies a large and swift rally is underway to target the origin of the diagonal (1.1214). This new bullish trend wave (3) is early in development. The gap down this weekend merely retested the topside of the blue ((ii))-((iv)) trend line of the ending diagonal. This trend line provided a springboard for wave (iii) of 1 of (3) to kick off to the upside. Initial targets for wave (iii) is 1.08 and possibly 1.12. If the EURUSD price unexpectedly falls below 1.0177, then we’ll need to reconsider the larger wave count. For the time being, several Elliott wave models point to further gains above 1.05 with 1.08 serving as an initial target zone. Key Level for Bullish Bias: 1.0177 Initial Target: 1.08 Secondary Target: 1.12
Long
by JWagnerFXTrader
Leidos Holdings Stock Quote, Inc. | 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 # Leidos Holdings Stock Quote - Double Formation * 012345 Wave Count Feature | Subdivision 1 * (Area Of Value)) | Entry & Survey - Triple Formation * (Continuation Argument)) | Downtrend | Subdivision 2 * Numbered Retracement | 0.5 | Subdivision 3 * Daily Time Frame | Trend Setting 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 | Neutral
NYSE:LDOS
by TradePolitics
HBAR Seeking Golden Ratio After False Break of Consolidation?There's some big tells in what COINBASE:HBARUSD could potentially be getting ready to do so lets break it down on the Daily Chart! Since the High on Dec. 3rd @ .392, Price has steadily been forming what looks to be a Descending Triangle while finding Support in the ( .25 - .23 ) cent range. Bearish volume building and RSI going from Overbought to currently going Below 50 suggests further Bearish Price Action could occur! After the Positive USD Economic News Results for ISM Services and JOLTS Jobs Openings coming in well above Forecast, this seen the Dollar gain strength and other markets like Stocks and Crypto take a dive, in COINBASE:HBARUSD instance, it generated a False Break of the Descending Triangle to now where we see Price plummeting down to test the Support of this Consolidation Pattern. If Support breaks, we could see Price make a Retracement to the April 2024 Highs @ ( .18 - .15 ) This area looks especially favorable because: -From the Low before the Rally @ .04172 to the High of the Rally @ .392, lands the Fibonacci Golden Ratio levels priced @ ( .19619 - .17553 ) with the April 2024 High @ .1842 right in the Middle of this Zone! -The 200 EMA is curving up into the suspected Support of the April 2024 Highs if Price were to fall, it would test this as well! *If Price continues to fill the Pattern more, keep an eye out for more False Breaks, this will be evident with Price breaking either Area of Value ( Falling Resistance or Support Zone) followed with minimal Volume.
COINBASE:HBARUSDLong
by Novi_Fibonacci
2
ADAUSDT - Daily Analysis (D)#ADAUSDT - Daily Analysis (D) Update: As predicted in the previous analysis, the price drop for ADA has continued. According to recent analysis, the medium-term support level for this coin is around $0.40. It is expected that the price will move downward in an ABC correction structure towards the lower bound of the descending channel. 🔻 Key Support Level: $0.40 🔼 Prediction: Continued corrective movement towards the lower channel bound This analysis indicates that further downside is likely in the short term, but the support level can present an opportunity for entry. ————————————————————— 📅 Date: 2025/02/04 Analysis by: @MohsenHasanlu
by Mohsen_Hasanlu
4
U.S. Job Openings Decline in DecemberIn an unexpected turn, U.S. job openings resumed their downward trend in December 2024, according to the JOLTS report published by the Bureau of Labor Statistics (BLS). This decline, following two months of improvement, raises questions about the strength of the U.S. labor market and its potential impact on the upcoming January nonfarm payrolls (NFP) report. December ended with 7.6 million job openings, a figure that compares unfavorably with the upwardly revised 8.2 million in November. The 556,000 job loss not only exceeds market expectations but also marks the lowest level since Q3 2024. The most affected sectors were professional and business services, health and social assistance, and finance and insurance, suggesting an adjustment in talent demand across key economic sectors. In contrast, the arts, entertainment, and recreation sector saw an increase in job openings. The news caught markets off guard, especially following the strong December employment report, which surpassed the 200,000-job increase mark. However, the decline in job availability could impact hiring trends in the coming months, adding uncertainty to the employment figures set to be released on Friday. This scenario unfolds in a complex global economic environment, marked by trade and tariff tensions driven by the U.S. against multiple nations. The uncertainty generated by these policies, combined with the recent drop in job openings, has boosted demand for safe-haven assets like gold, whose price has reached record highs, surpassing the $2,840 per ounce barrier. While it is too early to anticipate a broader shift in the labor market, the JOLTS data calls for caution. It will be crucial to monitor the January NFP release, which will provide a clearer picture of the U.S. labor market’s health and its ability to withstand global economic challenges. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
XAUUSD → Will Retrace till 2802-2794 but after hitting 2835Hello Traders! As gold has made its ATH 2830 which was also a trendline where gold respect that trend line and down now every thinking for retracement but gold will do a breakout till 2835 as gold done on previous trendline gold can hit 2835 easily before drop to retracement level of 2794, so for now i am bullish till 2835 in that zone i will see a good entry for sell. Support: 2802 Resistance:2830 Fib Golden Zone: 2794-2796 Liquidity Zone: 2794 Gold will continue its trend after retracement but we need a good entry for sell almost from 2835
CAPITALCOM:GOLDLong
by PIPsOptimizer
Gold Retracement has begun and will end on the order block.Hello, Traders! As gold dropped from 2830 and is now trading between 2812-2813, this decline is true and valid till 2772-2773 since I identified significant liquidity, an order block, FVG, and parallel channel trendline support. So gold should make this extremely serious and genuine move in order to continue the bullish trend. Support number: 2801-2796. Resistance: 2830.600. Order Block: 2771–2778 Fair Value Gap: 2778–2779 Golden Zone of Fib: 2794-2801 We will trade in tiny time frames with other confirmations like morning star or any bullish engulfing candle, with suitable stop loss below order block and liquidity zones. If you liked my analysis, please support my idea and follow me.
TVC:GOLDLong
by NexusTradesZone
XAUUSD → Expected to retrace to 2802-2794 after hitting 2835.Hello, Traders! like gold has made its ATH 2830, which was also a trendline that gold respected, and down now every thinking for retracement, but gold will do a breakout till 2835 like gold did on the previous trendline. Gold will easily reach 2835 before dropping to the retracement level of 2794, thus I am bullish until 2835, when I will find a decent entry point for selling. Support: 2802. Resistance: 2830 Fib. Golden Zone: 2794–2796 Liquidity Zone: 2794 Gold will continue its trend following the retracement, but we need a decent entry point to sell almost from 2835.
CAPITALCOM:GOLDLong
by NexusTradesZone
EUR/NZD:Complex Correction Unfolding – Wave 2 Nearing CompletionEUR/NZD has been trapped in a sideways range since July 2024, forming what appears to be a complex correction for wave 2. If this Elliott Wave count is accurate, the current resistance zone could hold, allowing bears to step in and drive prices lower to complete the second wave. Watch for reversal signals like engulfing candles or strong rejections before entering short positions! 📉🔥 #ElliottWave #ForexTrading #EURNZD #TechnicalAnalysis
by Elliotwavesglobal
EURJPY Potential Longs - Short & Long Term (Technical Analysis)Technical Outlook: Looking at previous price movement, we see it's been trending up since August 2024, with the last reaccumulation phase ending in early 2024. We recently saw a demand chain, but the last push couldn't quite hit new highs. Supply then took over, driving the price back down to a daily demand level. At this point, we've seen some strong bullish reactions on the lower timeframes, which is interesting and here's why - Potential Scenarios & Probabilities: Scenario 1 (High Probability) – Demand should regain control, leading to a bullish breakout. Scenario 2 (Medium Probability) - Price could range within the ascending channel for a while. Scenario 3 (Low Probability) – The bulls might disengage, resulting in a bearish break and continuation thereafter. Trading Considerations: Price is currently in a discounted zone within the ascending channel (158.000 – 168.000) . We can look for trading opportunities within this range, focusing on strong supply and demand areas, anticipating the eventual bullish breakout. A long position closer to the bottom of the range could turn into a swing trade. If you're trading inside the range on lower time frames, it's smart to keep an eye on volume, overbought/oversold levels, and relative currency strength. Final Notes: With the price moving sideways for a good six months, range trading is definitely a possibility. But the real goal is to catch that bullish breakout when it happens, and it looks like it's getting close. As always, manage your risk carefully, and don't hesitate to take the trade when the setup is right – assuming you've got a solid plan and a clear target in mind. OANDA:EURJPY
Long
by Apexfx_Alpha
Market Analysis: Bullish Harmonic Bat Pattern on GBP/USDOverview of the Setup : This chart highlights a **Bullish Harmonic Bat Pattern** on the GBP/USD pair, with the potential for a reversal to the upside after completing the pattern near the critical support zone. --- ** Key Observations: 1. Harmonic Pattern : - The **Bullish Bat Pattern** completes at point X (around 1.22628), which aligns with the 0.886 Fibonacci retracement level of the XA leg. This level represents a strong confluence of support and potential reversal. - The reaction at this zone suggests that buyers may be stepping in. 2. Price Action : - The recent downtrend has reached exhaustion at point X, with the price consolidating and showing signs of a potential reversal. - The price has formed a **lower wick**, indicating rejection of lower levels and possible bullish momentum building. 3. Fibonacci and Take-Profit Targets : - **Take-Profit Levels (TP):** - **T1:** 1.23541 (50% retracement of the XA leg). - **T2:** 1.24187 (0.618 retracement of the XA leg). - The harmonic structure suggests these levels as the most probable targets for a bullish reversal. 4. Indicators : - **Stochastic Oscillator:** In the oversold territory, signaling the likelihood of upward price movement as selling pressure weakens. - **RSI:** Approaching oversold levels, further supporting the bullish reversal hypothesis. 5. Key Levels : - **Support Zone:** Point X near 1.2260 is the critical level for the pattern’s validity. - **Resistance Zones:** MHQP at 1.2500 is a longer-term resistance, while intermediate resistance levels are 1.2350 and 1.2418. --- Outlook and Strategy : - **Bullish Bias:** The completion of the Bullish Bat Pattern and confluence of support suggest an opportunity for long positions targeting the Fibonacci take-profit levels (T1 and T2). - **Entry Zone:** Enter long positions near 1.2260 if price action shows sustained bullish rejection. - **Stop-Loss:** Place stops below 1.2220 to account for false breakouts. - **Targets:** - **T1:** 1.2350 - **T2:** 1.2418 Risk Factors : - A sustained break below 1.2260 would invalidate the pattern and could lead to continued bearish momentum toward 1.2200. --- This analysis highlights a bullish opportunity driven by the completion of the harmonic pattern, with clearly defined entry, exit, and risk parameters.
Long
by BeaucoupPips