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Fibonacci

AUDCAD Wave Analysis 30 December 2024 - AUDCAD reversed from resistance level 0.8980 - Likely to fall to support level 0.8900 AUDCAD currency pair recently reversed down from the key resistance level 0.8980 (former support from the start of December) intersecting with the 38.2% Fibonacci correction of the downward impulse from last month. The downward reversal from the resistance level 0.8980 continues the active short-term impulse wave c of the ABC correction 2 from the end of September. AUDCAD currency pair can be expected to fall to the next support level 0.8900 (former support from August and the target price for the completion of the active wave 2).
Short
by FxProGlobal
LMWR/USD | Stock Quote | 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 # LMWR/USD | Stock Quote - Double Formation * 012345 | Completed Survey | Subdivision 1 * (Neckline) | Configuration At 0.20700 USD - Triple Formation * ((Pennant Structure)) | Uptrend Bias | Subdivision 2 * Retracement Numbered | Share Out Condition | Subdivision 3 * Daily Time Frame | Trend Settings Perspective 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 | Buy
CAPITALCOM:LMWRUSDLong
by TradePolitics
Bitcoin - Ultimate profit target in 2025 (sell here!)Bitcoin is in a final stage of its bullish cycle! The major impulse Elliott Wave is almost finished. What you really want to focus on is this long term 2017 -> 2021 trendline. When bitcoin touches this trendline (make sure you setup an alert in tradingview), it's definitely time to sell and run away! It's not only the trendline that is a strong resistance; it's also the Fibonacci extension (1.618 FIB). While a trendline is a dynamic resistance, moving together with price, fibonacci is a static resistance with a fixed level. Our fibonacci level is exactly at 122,069 USDT. I know there will be moon boys predicting 200k or 300k in 2025, but this is pretty much impossible. The market cap of Bitcoin is already relatively high, as you can see in the picture below. After you sell your Bitcoin, wait for a significant correction (bear market). I expect this bear market to be in years 2025 - 2026. From the Elliott Wave perspective, wave (4) is always a strong support and liquidity point for whales. Bitcoin's wave (4) is at 49k. So we can find support at around 50k - 65k. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDLong
by Xanrox
208
NuScale Power (SMR) - Cup and Handle Breakout, Target $25 - $40Overview: NuScale Power Corporation (NYSE: SMR) is showing a bullish Cup and Handle pattern, a classic setup that often precedes a significant upward move. The cup has formed over the past few months, and the stock is currently in the handle formation, signaling a potential breakout. Technical Setup: Pattern: Cup and Handle Breakout Level: ~$20.31 (current resistance area) Target Zone: $25.37, $33.65, and $40.57 (potential targets based on previous resistance levels and measured move) Handle Formation: The current consolidation in a descending channel within the handle adds to the potential breakout strength. Price Action: A breakout above the $20.31 level would confirm the cup and handle pattern, with the first target around $25.37 and higher targets up to $40.57. The price could continue to consolidate within the handle for the next couple of weeks before making a decisive move, making now a good time to watch for a breakout. Risk Management: A drop below the $18 level would negate the setup, suggesting further consolidation or a potential reversal. Catalysts: Watch for upcoming earnings and other news that could act as a catalyst for the breakout.
NYSE:SMRLong
by Killahherb
1
Soybean Meal(ZM) Stock Quote | 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 # Soybean Meal(ZM) Stock Quote - Double Formation * 350.00 USD | Completed Survey | Subdivision 1 * Inverted Head & Shoulders | Configuration Entry Bias - Triple Formation * 012345 | Wave Count Analysis | Subdivision 2 * Retracement Numbered | Wave 3 Condition * Daily Time Frame | Behavioural Settings | Subdivision 3 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 | Buy
CAPITALCOM:SOYBEANMEAL
by TradePolitics
HOVR Heading For New Horizons?! Cup & Handle Set-UpLets break down NASDAQ:HOVR on the Daily Chart! Price from Mid-Sept to Early-Dec outlined the "Bowl" of the Cup and on Dec. 11th, Price made the Retracement to the Golden Ratio Zone to start the "Handle"! Today we have Price printing a STRONG Bullish Candle Breaking the Confirmation of the Cup & Handle Pattern @ .8799! Fundamentally, NASDAQ:HOVR secured a $8.4 Million investment from an "unnamed investor" to help with the advancement of the Hybrid Electric Vertical Take-off Aircraft, the Cavorite X7. -https://www.tradingview.com/news/mtnewswires.com:20241220:A3286797:0/ *In order for the Pattern to be Validated, WAIT for Price to Close above Confirmation @ .8799, then we will expect Price to come back down to Retest the Break @ ( .8900 - .8799 ), THEN the Pattern is Validated and we can look for Buying Opportunities!! Indicators: -RSI Above 50 -BBTrend Printing Green Bars -Bullish Volume Building
NASDAQ:HOVRLong
by Novi_Fibonacci
9
Gold Spot (XAU/USD) Analysis on the 1-Hour TimeframeKey Levels and Observations The black horizontal lines on the chart represent monthly support and resistance levels, which are critical zones for price reactions. Significant levels include: Support Levels: 2600, 2580, 2560 Resistance Levels: 2620, 2640, 2660 Momentum and Price Behavior On the 1-hour timeframe, bearish momentum appears stronger as the red (bearish) candles are relatively larger than the green (bullish) ones. The price has tested the 2600 support level twice but has failed to generate a strong rebound, suggesting possible weakness in buying pressure. Possible Scenarios: If Support at 2600 Holds: The price could consolidate above this level, potentially targeting higher resistance zones like 2620 or 2640. If 2600 Breaks: A break below 2600 could lead to further downside movement, with 2580 and 2560 as the next potential targets. Market Outlook For now, the price appears to be stuck in a tight range between 2600 and 2620, indicating consolidation. Traders should wait for a clear breakout or reversal around the key levels before making decisions.
FX:XAUUSD
by MD-Priceaction
Updated idea for the last idea of US 30 (importat!) 27.12.24Hi, How are you doing? Merry Christmas )) ** The used time frame is the daily and I would suggest to open the chart and zoom out, so all will be clearer than how it looks now. ** As you see, the index failed in making another 5th HL, as it went down than the 4HL already and intends to do a lower low currently. ** Have a look now on the blue curved line which points to high tops with high resistance points and they are both at my Fib 50% level! which adds another layer of resistance. ** Also have a look on the previous daily candle which ended up in green, but with an unfilled wick which I assume that it will be filled today when the index moves to the downside. ** The index continued in pushing up the price at the last few days, as a normal reaction after the past 2 bearish weeks. But NO WAY that it could go and close the day candle above the lower yellow line of the rising channel. And by looking at that yellow line, you would easily see that it acted as an uptrend line (as a normal thing of the lower line of the rising channel anyway) and then was broken then the pull back pushed the price up to the current level. but now we have the Fib level, plus the curved blue line tops which are all including the yellow line acting as extra huge and so powerful resistance zones to avoid the index from going more upwards. ** By looking at the daily uptrend line in purple which was not broken since 23.10.2023 that will have to be visited and more likely will be the point which the index is heading down to! ** Also when the index is going down starting from today, hopefully as planned, will mean too the breaking of the uptrend blue line and will send the index to its bottom and that will support the more my idea! ** By going further to my TP will mean a pullback to the red downtrend line which was finally broken by the daily candle of 23.12.2024 then it will act as a support zone to the index for sure! ** The red flag is the TP price where the purple line and the red line will be touched there. **********NOOOOOTE** It is important to monitor when the index reaches to the purple line on the daily frame and immediately close your short trades once it touches that uptrend purple line! whatever the price could be! as I expect an immediate bullish retrace once it touches it! Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
FX:US30
by moustafa_marei
3
Adventure Gold AGLD price medium-term tradeWe don't know who “breathed life” into #AGLD and why) ⁉️(If you know, write in the comments), but the “strength” in the asset is visible, so you can trade. But given the fact that we expect a possible price drop 💰 CRYPTOCAP:BTC ⬇️ 📊and it is not fully known how altcoins will react to such a maneuver. Therefore, for now, we are ready to try the OKX:AGLDUSDT trade like on the chart with a very low pending limit order. And then we will adjust and maneuver according to the situation) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
Is Bitcoin Preparing for a Retracement?Bitcoin has seen an extraordinary surge of over 100% between September 6th and December 18th, reaching the $100,000 milestone for the first time in its history. This significant increase can be attributed to various factors. The election of Donald Trump as U.S. President, known for his pro-Bitcoin stance, played a notable role. Additionally, Elon Musk, a key figure in American business and a cryptocurrency enthusiast, has also influenced Bitcoin's surge positively. Geopolitical tensions, particularly involving Israel in the Middle East and escalating conflicts in Ukraine, have further fueled demand for Bitcoin and other cryptocurrencies. Many retail and institutional investors are turning to Bitcoin as a safe haven amid global uncertainty. Currently, Bitcoin is experiencing a slight retracement, trading at around $93,000, which is just below the 23.6% Fibonacci level. Potential Bearish Movement From a technical standpoint, several indicators suggest a possible bearish retracement for Bitcoin in the coming days. A sell opportunity may arise if Bitcoin price breaks below the ascending trend line on the daily chart. Here are the key levels to watch as potential targets for a sell: $87,000: This aligns with the 38.2% Fibonacci retracement level, making it a natural target for a potential sell. $80,500: This region corresponds to the 50% Fibonacci retracement level, serving as another potential sell target. $74,000: Coinciding with the 61.8% Fibonacci retracement level, this could act as the final target for a bearish move if the price declines. Alternative Scenario for an Upswing Conversely, there is a possibility that Bitcoin may continue its upward trajectory. This bullish scenario hinges on the price maintaining support at the 23.6% Fibonacci level and breaking back above $100,500. If these conditions are met, Bitcoin could challenge its all-time high, approximately $108,000, and potentially target the $110,000 level. A Conservative Buying Approach A more conservative buying strategy could be considered if Bitcoin retraces to the 61.8% Fibonacci level, around $74,000. This level is significant, as it represents a previous resistance point that may now act as support. Key Considerations It’s essential to remember that Bitcoin behaves differently from traditional assets, with its upward and downward trends often lasting longer. Traders should be prepared for potential volatility as the market continues to react to both technical indicators and external factors. Careful analysis and strategic planning will be crucial as we navigate this dynamic landscape. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:BITCOIN
by Marketscom