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Fibonacci

Gold Short Term Analysis December 1stI discussed more of the fundamentals that have impacted the Gold price in my long-term analysis post and how this might play out leading up to Trump's inauguration. In this post I wanted to look at some interesting technical insight that emerged late in Friday's trading session. We saw Gold drop from a high of around 2721 at the start of the week in the NY session as news of the Israel Hezbollah ceasefire filtered through and Scott Bessant as Trump's pick for Treasury Secretary was parsed by the markets. Looking at the Fib retracement levels established following that dip, the recovery in the Gold price has found resistance at each level. I've been playing with LuxAlgo's Smart Money suite of indicators and, in particular, the Fair Value Gap (FVG) and Structure indicators. This has provided some interesting price action insights in the later half of this week. We saw the Asia/London session on Friday send the Gold price up to 2665 with two notable FVGs develop on the 1H chart. The second of these overlapped a Break of Structure (BOS) in the uptrend and the 38% Fib level leaving a liquidity gap in the process. The NY session saw a retracement back to this level as the Fair Value gap was closed. This appears to be a strong indicator of resistance at arounf the 2650 level and a likely sign of a rebound when trading resumes on Monday. With little significant economic news next week, lower yields and US dollar and an increased likelihood of a US rate cut in December it appears that the Gold Price is primed to rise in short-term trade. If the price stays above 2650 into the Asian session this should prove to be a good entry for a long trade with fib levels at 2660, 2677 and 2693 offering useful TPs for anyone looking to play along.
OANDA:XAUUSDLong
by dgowty
Saturday Morning Market Prep🌟 Weekend Analysis & Reflection 🌟 As the markets take a breather, it’s the perfect time to reflect on the week’s trades and prepare for the opportunities ahead. Here’s what I’ll be focusing on this weekend: 1️⃣ Reviewing Weekly Trades: What went right? What could have been improved? Are there patterns or setups I can refine for next week? 2️⃣ Analyzing Market Structure: Using the higher timeframes (Daily/4H) to understand key levels of supply and demand that could drive next week’s price action. 3️⃣ Setting Up Watchlists: I’m keeping an eye on pairs like EUR/CHF and EUR/GBP, where clean setups and strong confluences may align early next week. 4️⃣ Adjusting My Strategy: Every week teaches us something new. Whether it's about execution, patience, or risk management—there’s always room to grow. 💡 Your Takeaway: Preparation during the weekend sets the tone for a focused and disciplined trading week. Success in trading is built in the quiet moments, not just during the market’s chaos. 📈 What are you focusing on this weekend? Let me know in the comments!
by Safaric
Fibonacci Analysis for ETH/USDT (4H Chart)Based on the Fibonacci retracement levels shown in the chart: Current Trend: The price is in an uptrend, breaking above key Fibonacci resistance levels. The breakout above the 0.618 level at $3,589 is a bullish signal, and the price is approaching the 1.0 Fibonacci extension level at $3,726. Key Levels: Support Levels: 0.618 level at $3,589: Immediate support if the price pulls back. 0.5 level at $3,357: A critical area for a stronger retracement if the price fails to sustain momentum. 0.382 level at $3,441: A secondary support zone for any minor correction. Resistance Levels: Current resistance at $3,726, corresponding to the 1.0 Fibonacci level. A confirmed breakout here could lead to further upside momentum. Price Action Observations: The higher highs and higher lows indicate continued bullish momentum. The candles show strong buying pressure, and the Fibonacci levels align with potential zones for retracement and continuation. Trading Plan: For Long Positions: Enter on a pullback to $3,589 or $3,357 with tight stop-losses below the 0.5 level. Target: Breakout above $3,726 to aim for new highs around $3,800 or more. For Short Positions: If the price fails to sustain above $3,726, consider shorting with targets at the 0.618 and 0.5 levels. Momentum Confirmation: Volume and momentum indicators should confirm the breakout above $3,726 for a sustained move higher. This analysis highlights ETH/USDT's bullish potential, with critical retracement and extension levels providing trading opportunities.
by Alireza-Abedi
Kadena, KDA, deep retrace sets up 100x algo targetanother deep one but it's off to a great start. Love the swing failure pattern (SFP) into the 0.707 fib. hallmarks of smart traders accumulation a position before running it in the opposite direction, in this case higher. the way I see it, the shallower the retrace, the stronger the coin. for example looking at ADA, 0.5 fib was the bottom & that says "strong af". a retrace to .618 - .65 is perfect for this setup (see my other charts) & .707 is deep but fairly common in crypto so its still an excellent risk to reward trade. See linked BTC chart for why my charts are so bull. The Trade: Preferred Entry: $0.77 or a 0.168 retrace of this impulse wave (if we get one) Ape Entry: $1.23 Resistance: $5.70 - order block + bear golden pocket. Target: $123 Chart requested by @beebbeeb taking initial (+ some) off at resistance gives a free shot @ 100x with the rest. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
5
Crypto Total Market Cap | 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 # Crypto Total Market Cap - Entry Bias Hypothesis | Double Formation * Retracement & Flag Structure | 50 - Resistance Area At 3.35 * Retracement 1 & 2 | Uptrend Bias Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CRYPTOCAP:TOTALLong
by TradePolitics
End of Year Palladium Bull Run \o/From the current notation, I see this leveraged ETF on Palladium rising approximately 45% until the end of the year. The reasons are as follows: Fundamental Factors : With increasing sanctions on Russia, one of the main exporters of palladium, global supply may become constrained. Furthermore, inflationary pressures might drive commodity prices higher. Technical Indicators : The Palladium chart has recently formed a higher high, and a higher low appears to be developing. The price has crossed above the 200-day SMA, and now the 30-, 50-, and 200-day SMAs are bullishly aligned. Seasonality: The seasonal strength in OANDA:XPDUSD is expected to begin the week after next. So, we could get ready for rising prices in Palladium!
LSE:2PALLong
by p4917
Franco Nevada - U.S. Dollar | 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 # Franco Nevada - U.S. Dollar - Bias 1 | Retracement Convert To 0.236 - Bias 2 | 012345 | Wave 3 In Progress - VWAP 1 | 2 Not Mentioned | Support & Resistance - Wedge Structure | Double Confirmation * Hypothesis Entry Bias Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:FNV
by TradePolitics
Fibonacci Retracement StrategyThe Fibonacci retracement strategy is a popular technical analysis tool used by traders to identify potential levels of support and resistance in an asset's price movement. These levels are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, etc.). In trading, the key Fibonacci retracement levels are derived from the ratios between these numbers. Key Fibonacci Levels: The most commonly used retracement levels are: 23.6% 38.2% 50% (Note: This is not a Fibonacci number but is widely included) 61.8% 78.6% These levels are considered potential turning points in the market. Traders use them to spot price pullbacks or corrections within an existing trend. Fibonacci Retracement Strategy: Step-by-Step Identify the Trend: The first step is to identify the prevailing trend. Fibonacci retracements are typically used during an existing trend, whether it's bullish (uptrend) or bearish (downtrend). The retracement tool is used to analyze potential reversal levels within this trend. Draw the Fibonacci Retracement Levels: Uptrend: To draw the Fibonacci retracement tool, click at the lowest point of the trend (start of the rally) and drag it to the highest point (end of the rally). Downtrend: For a downtrend, you reverse the process. Click at the highest point (start of the decline) and drag it to the lowest point (end of the decline). The Fibonacci retracement levels are then automatically plotted between these two points. Look for Price Reactions at Key Levels: After drawing the retracement levels, watch for price reactions at the 23.6%, 38.2%, 50%, 61.8%, and 78.6% levels. These are potential support or resistance levels where the price could reverse or consolidate. In a bullish trend, for example, the price may pull back to one of these levels before resuming its upward movement. Confirm the Signal: Candlestick Patterns: Look for reversal candlestick patterns (e.g., doji, hammer, engulfing pattern) at the retracement levels. Volume Analysis: Higher volume at key levels may indicate stronger support or resistance. Other Indicators: Combine Fibonacci retracements with other technical indicators like the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), or trendlines for confirmation. Enter a Trade: Buy in a Bullish Trend: If the price retraces to a significant Fibonacci level and shows signs of reversal (e.g., candlestick patterns or oversold conditions), you might consider entering a long (buy) position. Sell in a Bearish Trend: In a downtrend, if the price retraces to a key Fibonacci level and shows signs of reversal (e.g., bearish candlestick patterns or overbought conditions), consider entering a short (sell) position. Set Stop-Loss and Take-Profit: Stop-Loss: Set the stop-loss just below the next Fibonacci level (or below the previous swing low/high) to minimize risk. Take-Profit: You can set your target based on a Fibonacci extension level (e.g., 161.8%, 261.8%) or previous support/resistance areas. Example of Fibonacci Retracement Strategy: A stock is in an uptrend, moving from $50 to $100. A retracement occurs, and the price pulls back. You draw the Fibonacci levels between $50 and $100. The 61.8% level comes at around $61.80. The price hits this level and shows a reversal pattern, such as a bullish engulfing candlestick. The trader enters a buy position at $62 with a stop-loss at $60 (below the 61.8% level) and sets a take-profit target at $110 (next resistance level). Limitations of Fibonacci Retracement: Not Always Accurate: Fibonacci retracement levels don’t guarantee price reversal. They are just potential levels where reversals could happen. Subjectivity: The accuracy of Fibonacci retracement depends on selecting the right start and end points, which can be subjective. Market Conditions: In strong trending markets, retracement levels may be ignored or breached without significant price reversal. Conclusion: The Fibonacci retracement strategy is a versatile tool for identifying potential support and resistance levels in both uptrends and downtrends. However, it's important to use it in conjunction with other technical indicators and market analysis to confirm signals and reduce the risk of false breakouts.
CAPITALCOM:GOLD
by Forex-Swift
GBPUSD Sell position SETUP (ACTIVE)We have a SMT model. Whereby price targets buyside liquidity as external range liquidity (PRO trend bearish) and distribute PRO trend. That is our 1st expectation as we enter this trade. Our second one is that IF price break above, we identify our trend as internal bullish as price range would have failed to manipulate enough buy orders to distribute price further downside and we look for the demand that broke structure as our next trading zone Price took our high of week as buyside liquidity PRO TREND BEARISH. As we entered on the BEARISH ORDERBLOCK, our target is the low of week as our next external range liquidity raid. Courtesy of myself and I.
Short
by ZIPHO67
XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140% At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775. Resistance levels: 1.5234, 1.6300 Support levels: 1.4116, 1.2775, 1.2133 So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
31