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Fibonacci

US02Y hidden bearish divergence and RSI rejection from level 40 US02Y could be repeating a pattern from August 2024. Hidden bearish divergence (continuation of lower highs) and rejection of RSI from level 40. Following the rejection, the yields went lower. US02Y going lower is bullish for risk assets. In addition, US02Y could be on the verge of a fifth Elliott wave to the downside. The second wave overshot a little the textbook 0.618 fib level. The fourth wave retraced a little less than the textbook 0.386 fib level. Given the RSI analysis above, the fifth wave could be starting now leading US02Y lower. This would be bullish for risk assets such as stocks and crypto.
TVC:US02YShort
by t3rmin4t0r
1
VW - stock may have turned around (?)VW - has had its fair share of bad news lately, however, panic and fear often times is at its peak when price is close to find the bottom. Looking at price action and price targets it seems the wave C of II could be over which is also indicated that price bounced from the 161.8 fib expansion of wave 4 of C. Ever since then the stock has seen a steady rise that was also supported by good volume. Now it has reached the 61.8 retracement of wave 5 and usually around that fib level price will stall and consolidate. I can even see a 5 wave motive wave up. Now, we need to see how the price action looks like in the coming days and weeks. Hopefully it will make a higher low at around 50-61.8 % fib retracement and from there I would be looking to long the stock. The upside is quite impressive as the price may rise with over 300%. For now, we remain neutral and are watching what happens next.
XETR:VOW3
by Staggi10
Stellar XLM price analysisWhile CRYPTOCAP:XRP price has already firmly established itself above the 2021 highs, the junior "padawane" CRYPTOCAP:XLM has not yet succeeded. But compared to other alts, the price of #XLMUSDT is still very well held and moves from level to level. There was a nice rebound from $0.226 to the current $0.27 Of course, it would be nice to test $0.19-0.20 as a courtesy gesture according to TA canons, but if it doesn't, it will only confirm the strength and serious intentions of buyers. ⁉️ Who knows, maybe this year the alt-season will come, and the #Stellar price will reach the current #Ripple levels around $2.30 How much will CRYPTOCAP:XRP cost then?)
by P_S_trade
The Power of Math AND Statistics in Daily Trading The Power of Math in Daily Trading 📈💰 Ever wonder how to predict market movements? 🤔 Well, math and statistics hold the key! 🗝️ In daily trading, their power is undeniable. 📊 Take BNB, for example. It follows a balanced model, aligning perfectly with fundamental and classical analysis. ⚖️ When it comes to numerical analysis, a hidden strength emerges. 🌟 Look at the chart! 👀 Notice how the price moves rhythmically, reacting precisely to Fibonacci levels? 😮 The numbers speak, my friend! 🗣️ Math translates, and statistics make the decisions. 🧠 At $572.6, there was strong support, with the first resistance at $577. 🛡️ I wanted to share this fascinating chart moment with you all! ✨ #Trading #Math #Statistics #BNB #Fibonacci 🚀
by MMTRADING-BNB
BTCUSDT Market Analysis UpdateBINANCE:BTCUSDT Hi everyone, I hope you are doing well and I have put my opinion in Bitcoin price on the chart for you. and hope this helps you! Simple, concise, useful Bitcoin (BTCUSDT) has broken below a key trendline, and we are now seeing a potential retracement towards a demand zone around $66,771.5, which could act as a strong support level. Breakdown & Retest: BTC has fallen below a significant trendline, confirming a bearish move. A possible retest of this zone before further decline is likely. Long Entry Consideration: If price stabilizes and shows bullish confirmation at the highlighted demand zone, it could provide a strong long opportunity. Bearish Scenario: A clean breakdown of this level could signal further downside potential, requiring caution before entering long positions. RSI Oversold? The RSI is showing a potential reversal area, but confirmation is key before making any trades. 📉 Waiting for confirmation before entering! Let me know your thoughts in the comments! Best regards
by SteaIth
audusd 4h buy ideaOn the AUDUSD 1D chart, a large bullish channel has formed. Within this channel, a smaller channel broke downward, and the price is now pulling back. Currently, the price is rising with a bearish pattern, and another smaller pattern has formed inside it. The price is testing its previous high and appears to be rejecting downward. The key level and Fibonacci 0.618 retracement align at the lower point, suggesting that the price may rise toward the previous key level at 0.64584, which is also the upper boundary of the channel. This chart only includes the smaller timeframe channel for reference.
Long
by Tellmenn_TrADeR
Gold Upward Trend Continues with $2975 Target in SightThe gold market is currently experiencing a bullish trend, and technical indicators suggest that this momentum is likely to continue. Based on the 4-hour chart analysis, gold is approaching a new high, with the next key price target set at $2975. Technical Analysis & Market Outlook Price Trend & Momentum Gold prices are on an upward trajectory, indicating strong bullish sentiment. The market is showing a consistent push toward higher price levels. Fibonacci Retracement Signals Bullish Continuation The Fibonacci 0.5 retracement level has been successfully completed. This technical confirmation suggests that the correction phase has ended, and the price is likely to continue its upward movement. Key Resistance & Support Levels The next major resistance level is at $2975, which serves as a potential price target. On the downside, if the market faces any pullback, previous support zones $2878 will play a crucial role in stabilizing the price. Market Expectations Given the technical setup, gold is expected to maintain its bullish momentum in the short term. Traders and investors should monitor key resistance levels, while also keeping an eye on macroeconomic factors such as inflation data, interest rates, and geopolitical developments, which can influence gold prices further. In conclusion, with the Fibonacci retracement completed and the market pushing toward new highs, gold is well-positioned to reach $2975 in the coming sessions
OANDA:XAUUSDLong
by AndroMarkets
1
Mexican Peso Shows Resilience Despite ChallengesThe Mexican peso advanced 0.35% during the session, demonstrating remarkable resilience amid negative signals from the Mexican industrial sector and economic uncertainties in the United States. However, the near-term outlook for the currency presents considerable challenges. In Mexico, recent industrial data has raised concerns among investors. The Monthly Indicator of Industrial Activity (IMAI) fell 0.4% in January, accumulating an annual decline of 2.8%. The most significant deterioration came from the mining and extraction sector, particularly oil and gas, which saw sharp contractions of 8.8% and 10.7%, respectively. Additionally, the construction sector remained weak with an annual drop of 6.7%, while manufacturing declined slightly by 0.8%, with textiles, machinery, and metal goods suffering the most pronounced losses. On the international front, the recent moderation in U.S. inflation has provided some support to the Mexican peso. The Producer Price Index (PPI) remained unchanged in February, coming in below market expectations. Additionally, the recent slowdown in the U.S. Consumer Price Index (CPI), which fell to an annual rate of 2.8%, reinforces expectations of a potentially more dovish Federal Reserve. This scenario could benefit emerging market currencies, including the Mexican peso. However, significant risks remain. Global trade tensions and concerns about a potential U.S. recession could drive an increase in risk aversion, negatively impacting the peso in the short term. Market attention will be focused on the upcoming Federal Reserve monetary policy decision. A dovish stance would clearly favor the peso, while a more aggressive monetary approach would strengthen the U.S. dollar, putting additional pressure on the Mexican currency. For now, the peso has shown resilience, but it will navigate cautiously while awaiting clarity on these key fronts. 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.
by Pepperstone
Nasdaq Hits Double Top Target – What's Next?Amid declining economic confidence and economic growth forecasts, stimulated by expanding trade wars, the Nasdaq has reached the double top pattern target formed between the December 2024 and February 2025 peaks at 19,100. This level also aligns with the 0.618 Fibonacci retracement of the uptrend from the August 2024 low (17,230) to the February 2025 high (22,245). The 19,000 barrier holds significant technical weight, as it coincides with: The golden Fibonacci ratio and the double top pattern target. Oversold conditions on the daily RSI, previously seen in August 2024 and dating back to similar levels in 2022 on the 3-day time frame. Key Levels to Watch: 🔻 Downside Risk: If market turbulence intensifies and the Nasdaq drops below 19,000, the next key level is the 0.786 Fibonacci retracement at 18,300, with potential interim support at 18,700. 🔺 Upside Potential: If markets respond to oversold momentum conditions, a break above the short-term resistance at 19,700 could trigger rallies toward 20,000, 20,300, 20,700, and 21,000. A strong hold above 21,000 could extend bullish momentum back toward record highs. Key Events to Watch: US PPI Data (Today) US-Canada Trade War Developments US Consumer Sentiment Report (Friday) - Razan Hilal, CMT
FOREXCOM:NAS100
by FOREXcom