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Fibonacci

NQ Power Range Report with FIB Ext - 10/17/2024 SessionCME_MINI:NQZ2024 - PR High: 20335.50 - PR Low: 20318.75 - NZ Spread: 37.25 Key scheduled economic events 08:30 | Initial Jobless Claims - Core Retail Sales - Philadelphia Fed Manufacturing Index 11:00 | Crude Oil Inventories Maintaining Tuesday lows - Inventory response off daily Keltner 20 average Session Open Stats (As of 12:35 AM 10/17) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 295.53 - Volume: 17K - Open Int: 242K - Trend Grade: Bull - From BA ATH: -4.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Long
by mv3trader5
XAUUSD - Today's Setup - 17/10Good morning, traders! 🌅 It’s been a quiet day for me with no trades, but that’s just part of the game! Patience is key in trading, and that’s exactly what I’m practicing right now. 🧘‍♂️ Gold is testing its all-time high, and I’m eagerly waiting to see if it breaks above and creates a new record! 🌟 Fingers crossed I can hop into a trade with today’s setup and ride the uptrend. 📈✨ That’s all from me today—wishing you all a profitable and successful day ahead! 💰💪 Happy trading! 😄
FX:XAUUSDLong
by alexm1011
GOLD → Will the bears allow the bulls to go through ATH?FX:XAUUSD is growing unpredictably towards ATH. The market did not react in any way to last week's US fundamental data and now the price is not reacting to strong levels and liquidity zones. Ahead of ATH after 3 weeks of forming... Investors remain cautious as the US Fed is expected to follow a path of moderate interest rate cuts (skipping a cut in November, or a 0.25% cut) The gold price is actively supported by the tense situation in the Chinese markets and lower US Treasury yields, which helps the gold price to take another leap towards the ATH. Now all eyes will be on Thursday when China holds a press conference and the US retail sales report is released Resistance Levels: 2680-2685 Support levels: 2665, 2658, 2645 Technically, I don't think that the market will let the resistance breakout happen the first time. The pullback from 2685, formed 3 weeks ago, was made on the back of strong economic data, so the huge pool of liquidity above 2685 can be defended quite aggressively by the bears. Technically, there are no signs for the continuation of growth. They may appear after the retest, but it will become clear after the fact. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
15
GBPUSD → Support breakdown. CPI in the UK is declining... FX:GBPUSD confirms the bearish market structure. The price is breaking the support. Fundamental data is favorable for further continuation of the fall. UK Inflation: m/m = 0% (expectation +0.1% / previously +0.3%) YoY = +1.7% (expected +1.9% / previously +2.2%) Core CPI = +3.2% y/y (expected +3.4% / previously +3.6%) The USD index are rising on strong US economic data (last week's potential). All these data together have a corresponding impact on the currency pair, which breaks the support of the uptrend. A price consolidation below 1.3000 (strong psychological level) will open the way to 1.28-1.26. Support levels: 1.3000, 1.2938 Resistance levels: 1.309 Selling on the currency pair is intensifying, the price is entering the risk zone and the buyers are getting even more nervous... In the short term, a retest of the previously broken trend support is possible, followed by a fall towards 1.28-1.26 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
6
USDCAD Sell SetupTime Frame: - Daily: (FVG Identification) 1. Trend Confirmation: Identified a Change of Character (CoC) by the break of the previous support at 1.360, indicating a reversal in market sentiment and a new bearish trend. 2. Fair Value Gap (FVG): On the daily chart noted a Fair Value Gap (FVG) between 1.3810 and 1.3790. The price was rejected in the area, which marked as a potential reversal zone. 3. Trade Execution Entry Price: 1.3750 SL: 1.3810 (above Daily FVG) TP1: 1.3435 (previous low) TP2: 1.3120 (1.618 Fibonacci) Risk-Reward Ratio (RRR): 1:10 5. 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.
Short
by Phoenix-Rise-Trade
10
OSK heads up at $125.52: long term Double Top? or break to Pop?OSK just hit a double-fib at 125.42/52. Both are Golden ratios (.618 multiples). Could double top here or break and run. . "Double Top" as in the previous rejection exactly from this double fib: Perhaps not exactly a double top since it had gone higher, but a major barrier nonetheless. . If it breaks the $125 fibs, it could run to $143-145 very quickly: So this is a key level to watch and consider next actions. ======================================================================================= .
NYSE:OSK
by EuroMotif
Bitcoin - 130k by January, then crash to 60k!Comment your altcoin, and I will make a technical analysis for you! Bitcoin is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard. We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest the current bullish flag (that you can see on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures! Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the long-term trendline of this bullish cycle, which is even stronger dynamic resistance level!  From the Elliott Wave perspective, we need to complete this impulse wave and make the last wave 5! This wave 5 already started at 49k in August. On the chart, we can see 2 major consolidation periods marked as wave 2 and wave 4.  The best plan on Bitcoin is to buy it and sell around 130k, then enter a short position on futures to make money in the next bearish cycle. You will also get funding fees for holding your short position! Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
131
Use 2684 as resistance to short goldToday, gold was pushed up to around 2683. This round of gold rise is in line with our expectations. Yesterday, we went long on gold in the 2645-2650 area and made a good profit. Currently, gold is approaching the previous high of 2684. Although bullish sentiment is high, I do not recommend going long on gold here directly, after all, the suppression of the previous high still exists. We have just shorted gold near 2683. Currently, gold has fallen back to around 2674, and our short position has made a good profit. Then our short target is the 2670-2665 area. Of course, if gold can fall back to the 2660-2655 area, I may consider going long on gold in combination with the real-time market.
OANDA:XAUUSDShort
by Trading-Hawkeye
1