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Fibonacci

SPX Short: Peak ReachedFollowing my previous short call on SPX (SPX Short: Seeking Peak) where I gave a lengthy explanation of the technicals and gave a peak target, this idea is telling you that the peak is reached and now is a fabulous opportunity to enter the market. The stop is above the high made today. Do take note that I’ve changed the Fibonacci extension level such that wave 5 = 1.618x Wave 1. Of course, in order to execute this trade, you may need to start trading during Asia hours when the CFDs and Futures open for trading. No matter what, remember the stop in case this idea is wrong.
SP:SPXShort
by yuchaosng
11
Bitcoin Analysis==>> Short term!!!In the previous posts ✅, we found the Top and Bottom of the rally , which started at $59,830 and continued up to $64,470 . Bitcoin ( BINANCE:BTCUSDT ) is currently moving near the Support zone ($60,000-$59,100) and Potential Reversal Zone(PRZ) . I also expect Bitcoin to make Regular Divergence (RD+) after touching the Support zone ($60,000-$59,100) . According to Elliott's wave theory , Bitcoin seems to be completing wave 5 . I expect Bitcoin to rise above the Support zone ($60,000-$59,100) at least to my First target as shown on the chart( around $61,000 ). ⚠️Note: If Bitcoin breaks the Support zone($60,000-$59,100), we can expect Bitcoin to go down more=first step will be $58,000.⚠️ 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.
Long
by pejman_zwin
20
XAUUSD: Can the rebound last? Where to enterYesterday, when most people in the market were still bearish, I clearly pointed out that gold had a bottom divergence pattern and bought in the 2605-2615 area. Friends who followed the copy signal made a lot of profit! The most important data this week are yesterday's CPI and initial jobless claims data. Among them, the CPI data all exceeded expectations. The data did not meet expectations, which was bearish at first glance, but you can analyze it yourself. You can compare the previous value with the published value, which is bullish for gold. In addition, the number of initial and continued unemployment claims rose sharply at the same time, reflecting the signs of weakness in the US job market. The trend of gold prices also fell to the 2605 support level after the data was released, and then rose rapidly. The current highest price is 2647 US dollars. From the chart, the current support area is in the 2624-2630 area, and the upper resistance is near 2653, which is also the 0.618 position of the Fibonacci retracement. Now the price is running at 2637. When the price runs between the support and resistance, everyone knows that I will not participate because the risk is relatively large. Therefore, today I will give you two options for your reference, and I will implement them when the time comes. The first option is to wait for a pullback to the 2624-2630 support area and buy bullishly. The upper target is 2640-2645 first, followed by 2660-2670 The second option is to choose to short near 2653, with the target of 2630-2624, followed by 2605 Whichever one arrives first, I will resolutely implement it, and I think the possibility of the second one is not great, so I am more optimistic about the first option, and what about you?
TVC:GOLDLong
by AntonyTP
4
BAKE — Will Soon AwakeAfter confirming support twice at the blue area that also coincides with the golden ratio retracement, BAKE is getting ready for an epic breakout which will be the beginning of the third wave. There is very little space left under the trendline and it can happen any time now: RSI is stable and moving sideways around 50. BAKE/BTC holds support very well. This is one of the strongest coins on the market right now. The chart shows three sets of Fibonacci targets: retracement levels of the bear market and extension levels of waves 1 and 2. Best places to sell are where the Fibonacci levels coincide with resistances and with each other. The area around the previous ATH coincides with 1.618 and 2.36 so it's going to be a particularly strong resistance. Maximum upside potential is around 3000%.
CRYPTO:BAKEUSDLong
by function_mechanic
Pulse of an asset via Fibonacci: BABA at Genesis Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the buyers still there? Enough to absorb the selling power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology : (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
NYSE:BABA
by EuroMotif
3
DOGS price is preparing for growth?The white candlesticks on SEED_ALEXDRAYM_SHORTINTEREST1:DOGS price chart depict the previous fractal movement of the #NOTUSDT price. For OKX:DOGSUSDT price to repeat this path, it needs to break through the trend line and gain a foothold above $0.00075 in the coming days. If this condition is met, then the purchase zone of $0.00075 - $0.00081 will be available for several days before the real pump begins. Follow the development of this idea so as not to miss the chance. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
6
Hindalco Industries- Bullish swing- Real movement may begin now! NSE:HINDALCO 09.10.2024 Buy-Above 728 Target 01-770 Target 02-794 Stop Loss-707 Risk Reward- 1:2 1.Doji and followed by engulfing candle stick formation 2.Side ways breakout and retracement found 3.Resistance turned to support level reaction 4.Upside movement volumes are more compared to downside. Tomorrow volumes are crucial for further movement 5. Price crossed above 21 EMA. 6. RSI taken support in bullish zone 7. Reversal signals found at 0.382 Fibonacci level 8. Metal sector is in focus due to increased demand
NSE:HINDALCOLong
by Swinging_Inside_the_BAR
KAS vs BTC looking strong, supported by the golden pocket.Resistance turned support at about the golden pocket since breaking out on the 26Jun'24 and the first successful retest on the 23Jul'24, and with the latest retest on the 6Sep'24. Ichimoku cloud have turned green as well since previous analysis. A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround. High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
by cybernetwork
Seagate May Be Fighting HigherSeagate Technology has been climbing for more than a year, and now some traders may see potential for a breakout. The first pattern on today’s chart is the $104.76 level, a closing peak in late August. The data-storage stock tested and held it this week. Has old resistance become new support? Second, that same price area is also near a 50 percent retracement of the move between Friday, September 6 and Thursday, September 24. That may confirm its short-term direction is pointing higher. Third, the recent series of lower highs may be viewed as a bullish flag with breakout potential. Finally, the 8-day exponential moving average (EMA) is above the 21-day EMA. That may reflect a bullish short-term trend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:STX
by TradeStation
Dollar rally slows after jobless claims; EURUSD ready to rise?EUR/USD has just touched a key support zone on the daily chart between 1.0900 and 1.0950, an area that previously acted as resistance in March and July 2024 but now appears to be turning into support. Yesterday’s candle formed a long lower shadow, signaling a possible rejection of selling pressure and a hint of buying strength. Additionally, the 1.0950 level aligns with the 61.8% bullish Fibonacci retracement on the daily chart, further reinforcing the potential for support. A little further down, the 200-day Simple Moving Average (SMA) appears to be strengthening the whole area and increasing the possibility of it working as a support level. Several factors are currently converging around the 1.0950 mark: 1. EUR/USD is in a former resistance area, which now appears to be functioning as support on the daily chart. 2. The 61.8% Fibonacci bullish level is present at 1.0950. 3. The 200-day SMA adds strength to the support zone. 4. A daily candle with a long lower shadow suggests initial buying strength. Higher-than-expected US inflation data leads to short-term strength in USD, fades after jobless claims From a macroeconomic perspective, the release of CPI data in the US, which came in higher than expected, initially boosted the US dollar at the start of the trading session. However, optimism about the dollar faded by the end of the day, causing the price to retrace and leave a long shadow on the daily candle. This shift was driven by higher-than-expected Initial Jobless Claims (258,000 actual vs. 231,000 forecast), reminding investors that the Federal Reserve is balancing two objectives: controlling inflation while protecting the labour market. As a result, despite higher inflation, the Fed may remain lenient to support job growth in the short term. Based on these factors, if EURUSD manages to break above the 1.0960 level, it may rise to 1.1010 and 1.1090 over the next few days. Alternatively, if EURUSD breaks below 1.0890, it could fall to 1.0775, where a significant support area is likely to be found. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H - According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area. - It is moving in an ascending channel in the 8-hour timeframe. - The 2062 range of wave B correction is over. - After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued. - A double top has been created in the area of the channel roof, which has entered a correction phase after that. - The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range. After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves. - In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction. 💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range. 💎Therefore, the second step of the movement can have the goals of 3200 to 3500. ⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« KUCOIN:ETHUSDT
Long
by alikze