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Fibonacci

Angel One Breaking Key Resistance Level Amid Leadership ChangeAngel One Ltd (NSE: ANGELONE) has witnessed a sharp upward movement, with today’s price action breaking past the key Fibonacci retracement level of ₹2,968 (61.8%) after bouncing off the support near ₹2,600. The recent appointment of Arief Mohamad as the Chief Business Officer - Direct Business could be a key factor boosting investor confidence, triggering this strong bullish momentum. Key observations: The stock is trading above its 20-day, 50-day, and 200-day moving averages , indicating strong bullish sentiment. Immediate resistance is seen around ₹3,187 (next Fibonacci level) , while strong support rests at ₹2,749 (38.2% retracement level). RSI is hovering near 70, showing an overbought condition. A pullback may be expected, but if momentum continues, a breakout toward ₹3,400 is possible. This move shows the potential for further upside, though caution is advised with the RSI entering overbought territory. Traders might want to watch closely for a potential pullback or consolidation in the near term.
NSE:ANGELONE
by AngshumanSaikia
$SPY October 15, 2024AMEX:SPY October 15, 2024 15 Minutes. Being a moving average and Fib trader it is difficult for me to enter when the difference is around 10$ is 200 averages for a 15-minute time frame. I prefer to sit for a retracement today for 578.5 to 580 levels. For today. I prefer to sit on side even though i have a target as written earlier 587 levels. And AMEX:SPY made a high 585.27 yesterday. As we can see in daily time frame Between July to September SPY formed a good base between 535 to 565. Hence once 595 is crossed i expect a huge upside towards 640-680 levels. I expect some consolidation for 575 - 585 before next move so that the moving averages can catch with price. No time for short unless it is for a 10 to 15$% range in $SPY. This is my view as of now based on how AMEX:SPY is currently moving in charts. On daily basis I will review downside only when AMEX:SPY is around 560 levels which is 50-day average in daily chart.
AMEX:SPY
by RiderTrader
3
BTCUSDT BULLSIH FLAG PATTERN BTCUSD weekly chart shows a bullish flag was formed and the price did not close below the 50 EMA .price formed a weekly candle with long wick and managed to close inside the channel and above 50 EMA which indicate that a strong bullish momentum was started followed by the bearish indecision candle due to market fear and greed's and uncertainty but its low was not below the 50% of the previous week. The the next weekly candle was showing strong bullish momentum again but the price is still below the POC and upper channel trend line and MFI is below the 50 level. If the price closes above 64628 and able to continue that for next seven days and as long as monthly MFI is above 50 level we will have a monthly bullish candle as a confluence. On a weekly chart , if the price manages to break up above the POC and the channel while MFI is above the 50 level then the uptrend will continues strongly . 21/50/100/200 EMA's shows that the bullish momentum is increasing . Upper Fib extension levels can be used as price target after breakout . Invalid On Chart Good LUck
Long
by Alpha_54321
Potential short setup on NEARso as you can see price shifted structure on the higher time frame looking very bullish right now and as it's clear after the mitigation of the 30min order block price actually didn't give us any chance to enter long and went straight up. but it's currently in the premium zone above the EQL and between those ranges that I marked with check marks(the low and the high) and any buys actually is not valid for me but there is a 2h order block happen to in the golden zone of the fib retracement too with the liquidity resting below it and as soon as I see a confirmation in lower time frame I'm gonna sell the price at least to the mid range or maybe lower toward that unfiled imbalance. for the record there is actually equal lows in that 4h demand that are not swept and price could sweep them before any upward move.so I'm gonna let you all know and keep you updated if anything happened. best of luck
Short
by IEatGreenPaper
2
BMW (BMW): Navigating Through Uncertainty in the Auto MarketThe German automotive industry is currently facing significant challenges, from rising production costs and the transition to electric vehicles to increased competition from China. Despite these hurdles, we believe that most of the negative factors are already priced into the market. From a technical perspective, we’re zooming out to get a broader view of BMW. Ignoring the COVID-19 dip, BMW has been ranging between 55€ and 113€ for an extended period. We anticipate that this range will continue, as markets tend to range 70% of the time. Right now, BMW is at a critical level, either bottoming out for the fourth time or, more likely, preparing to break below and collect the sell-side liquidity that has accumulated over the past three years. Our plan is simple: We’re monitoring this closely, with alerts set to notify us if the stock dips below this level. Should this occur, we’re looking at a potential entry near 62€. We will update you with our strategy once this scenario unfolds.
XETR:BMWLong
by freeguy_by_wmc
1
The Boeing Company (BA) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | 15 Minutes Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
CAPITALCOM:BA
by P-Ment4U
Crude Oil (CL1!): Why We’re Still Expecting Lower LowsAt the end of last week, we fine-tuned our Crude Oil outlook, and we are still expecting lower lows to take out the sell-side liquidity below. Our limit order at $63.23 remains valid, even after last week’s pump, which was driven primarily by rising tensions and the ongoing war in the Middle East. Oil gained 13% over five sessions following Iran’s attack, as traders feared Israel’s response might target Iran’s oil infrastructure, potentially cutting into the country’s 1.7 million barrels per day of exports. There are also concerns that a broader war in the oil-rich Persian Gulf could threaten nearly a third of global oil output. However, the geopolitical risk premium may be fading due to Israel’s delayed response. The geopolitical risk premium has an unclear and unpredictable expiration. When that moment comes and is not supported by real, fundamental factors—such as a substantial supply shortage due to the conflict—the upward movement in oil prices will not be sustainable. The longer this takes, the more the price increase will slow and potentially reverse, which is exactly what we are starting to see in the chart. While Crude Oil respected the 61.8% Fibonacci level almost perfectly, it found stronger resistance at the POC just above that level. Given the bearish RSI divergence, we continue to expect Oil to move lower, provided the conflict in the Middle East does not escalate further.
NYMEX:CL1!Long
by freeguy_by_wmc
Bitcoin will break 7 month Bullish Flag?Hey traders! Here we are, as we thought we touched 59K and we came up. And we're still moving in a long 229 day bullish flag, and hopefully we could break it soon. The next resistance target is around 68K and if we're going to break this level, plus volumes will confirm and will see short correction if RSI will be oversold we can go upwards strongly! But don't forget to pay attention for 1 Day MA which is still bearish, volumes that are still descending and RSI. What's your thoughts?
Long
by SheTradesHub
Turbo price get ready to... #TURBO price has just surged upwards by +20%. and this is after a prolonged consolidation that lasted all summer. Generally speaking, if you look at the OKX:TURBOUSDT chart, you'll see that consolidations in this formation are a specialty of MMs who control the price. 1 If you have been sitting in the position all summer, then at the chart you can see the levels where you can take profits. 2 If you want to buy #TURBO, we think it's safe to do so when the #TURBOUSD price manages to gain a foothold above the trend line, as indicated by the blue arrow. Be careful! Below 0.0033, there is a 60% gap!
by P_S_trade
4
btc breaks 66k 🚀 **#BitcoinUpdate: BTC Blasts Through $66K!** 📈 🚨 **Breaking News**: Bitcoin has not only reached the $66,000 mark but has also powered through the Fib 1.2 level! Here's what this means for traders and HODLers: **Technical Breakdown:** - **Current Price:** $66,194 🚀 - **Fibonacci Retracement:** The breach of the 1.2 Fib level indicates **strong bullish momentum**. Traditionally, this level can act as a psychological barrier, and breaking it often leads to further upward movement. - **Market Sentiment:** The market is smelling particularly bullish. This surge aligns with positive economic stimuli and could be setting the stage for new all-time highs. **Why This Matters:** - **China's Economic Boost:** Recent economic stimulus in China seems to have a ripple effect, enhancing global market sentiment, including crypto. - **Technical Indicators:** With Bitcoin trading above key moving averages and showing a buy signal on many technical analysis platforms, the momentum could carry us towards the next resistance, potentially around $68K to $70K. **Market Analysis:** - **Volume:** Trading volume has spiked, indicating strong buyer interest. - **RSI:** Check the RSI; if it's not overbought, there might still be room to grow before a significant correction. - **MACD:** Bullish crossover on the MACD could confirm ongoing momentum. **What's Next?** - **Watch for Consolidation:** If BTC consolidates above $66K, it could set a new support level here. - **Potential Targets:** Eyes are now set on $70K, with some analysts even whispering about six figures by year-end if this momentum holds. **Trading Strategy:** - **Long Positions:** Consider holding or entering long positions but keep an eye on stop-losses just below key support levels in case of a sudden pullback. - **Short-term Trades:** Scalpers might look for quick profits on the bounces from minor dips, given the current momentum. **Community Sentiment:** - There's a 'familiar bullish smell' in the air, as some seasoned traders might say. The community's watching closely, with many expecting this could be the run-up to a new peak. **Remember:** Crypto markets are volatile. Always do your own research (DYOR) and consider your risk tolerance. Stay tuned, keep your charts updated, and let's ride this wave with caution and excitement! 🏄‍♂️✨ #BTC #CryptoTrading #Fibonacci #BullRun #TradingView --- This post captures the excitement of the moment, provides technical insights, and encourages community engagement while reminding traders of the inherent risks.
Long
by chrisGTR
NZDUSD: Bullish Sentiment Backed by Math and History!Why Use Probabilities? In trading, probabilities help us make informed decisions based on mathematical rules and historical data. By analyzing past price movements and market behavior, we can identify patterns that suggest potential future outcomes. This approach allows us to assess the probability of reaching Take Profit Levels. Utilizing probabilities means I'm not just guessing; I'm relying on statistical evidence to position myself effectively in the market. This strategy helps manage risk and increases confidence in my trades, making it easier to navigate the uncertainties of forex trading. Let's dive in: 12M: 2W: 6H:
Long
by Jasminex1x2
1
Bitcoin Needs Correction!!!As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap . Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) . I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) . ⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️ ⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️ 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.
Short
by pejman_zwin
36
$U consolidating b/t $22.27 and $23.30, 65 minute09/27/2024 Weekly: 2u cont. for the 3rd straight week; lets see what week 4 has for us. Daily: 2d-1-2u failed reversal, gap above between $24.80 - $25.20 (near 0.382 fib $25.22). 65m: Has been in the $22.27 - $23.30 consolidation area since Thurs, 9/26 Options: NYSE:U 18 Oct 24 26c @$82 (currently down 32% (-$28) @ $54) - Entry @ $10:01am @ $23.28 (near high of day entry, shouldn't of taken that trade) - Profit: above or equal to $24.00 - Stop loss: under or equal to $22.00
NYSE:ULong
by Brandonthrives
4