Fibonacci
Toast me or Roast me - I'm still learning & practicing charting
I was looking at descending scallops and some of their features via thepatternsite.com
What is valid or invalid about this charting here??
I have the high peak marked from the ATH that topped the uptrend on AMEX:SPY and the most recent upward breakout prior to trending back down on the 1HR as of yesterday. I know I will only be able to confirm in hindsight but is there good reason here for me to say we have the makings of a long-er term descending scallop in play here?
Thanks to all. I enjoy reading your opinions and discussions on the daily.
NZDUSD Short BiasThe New Zealand Dollar is consolidating, lacking clear directional momentum. However, the short-term outlook appears bearish following a confirmed closure below a key structure zone. A break below the 0.5710 level could serve as confirmation for further downside continuation, signaling potential bearish momentum ahead.
CADCHF Short BiasThe price is currently in a strong position, retesting a key resistance zone, which aligns with the 50% Fibonacci retracement level. Additionally, the 200 EMA is acting as dynamic resistance, reinforcing the bearish bias. Given these confluences, a downside move is anticipated, in line with the prevailing trend.
BNB before correction?Hello everyone, let's look at the 1D BNB to USD chart, in this situation we can see how the price came out of the downtrend line, however, here it is worth observing the EMA Cross 50 and 200 indicator, which shows a fight to maintain the uptrend. Please take into account the STOCH indicator, which shows a longer movement at the upper limit of the range, which may confirm the current rebound and give a deeper correction, however, here it is important for the price to stay above the level of the last low.
Let's start by defining the goals for the near future, which the price must face:
T1 = 646 USD
T2 = 684 USD
Т3 = 732 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 612 USD
SL2 = 595 USD
SL3 = 560 USD
SL4 = 534 USD
XYZ eyes on $59.xx: Double Golden Fibs that bulls need to HoldXYZ got a nice bounce with the market but is pulling back.
Now at a key support zone of two Golden Fibs (Genesis+Covid)
$58.95 - 59.25 is the exact zone of interest that muss must hold.
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Nasdaq in Correction: Technical Targets and Weekly OutlookWe can observe that Nasdaq has started a new corrective leg since its last recovery in early Q3 2024. Currently, the index is experiencing its first rebound and test of the 20-period moving average (MA20, in green) since this average turned downward. Typically, this scenario triggers a selling reaction, with the first target at the previous low of 19,200. If selling pressure intensifies, the next projections are at 18,300 and 17,900.
However, from a weekly perspective, there is still room for a deeper correction, potentially reaching the 200-period moving average (MA200), which is currently at 15,690. When applying a Fibonacci retracement to the last major bullish leg (Oct 10, 2022 – Feb 17, 2025), we see that the 50% retracement level aligns closely with the weekly MA200 at 16,300.
We know that price movements do not follow a straight line but rather unfold in waves. Given this context, the bias remains bearish, and I see further corrections ahead in the U.S. market.
Dollar Caught in Mixed SignalsThe US dollar is trading with relative stability this Wednesday, consolidating within a tight range as markets carefully analyze a series of recent economic data that suggest mixed signals about the strength of the world’s largest economy.
The latest durable goods orders report for February surprised to the upside, showing an increase of 0.9%, compared to expectations of a 1% decline. Although lower than the robust 3.3% growth recorded in January, this data still reflects some resilience in key sectors such as transportation, machinery, and electrical equipment, which could partially ease concerns over an imminent economic slowdown.
However, the optimism sparked by this figure is counterbalanced by a 1.5% drop in non-defense capital goods orders. This indicator, crucial for measuring business confidence and future investment, posted its first contraction in four months, declining 0.3% excluding aircraft. This setback appears to reveal growing caution among US companies, likely driven by uncertainty surrounding trade and tariff policies implemented by the Trump administration.
Meanwhile, US consumer confidence showed concerning signs in March. The overall index plummeted to 92.9, reaching its lowest level since 2022. Particularly alarming was the decline in the expectations index, which fell to 65.2, hitting a 12-year low. This drop reflects growing pessimism among American households regarding the economic outlook, worsened by negative perceptions of trade policies and their potential impact on inflation and employment.
Inflation, and its anticipated evolution in the coming months, has become a key factor influencing market sentiment toward the dollar. Markets are especially focused on the release of the PCE index, the Federal Reserve’s preferred measure of inflationary pressures. Should this figure show a significant increase, the Fed may be prompted to maintain a cautious and restrictive stance, thereby supporting the dollar. Conversely, a more moderate reading could lead the central bank to consider less aggressive adjustments, putting downward pressure on the US currency.
In conclusion, as markets continue to digest these contradictory signals, the dollar appears likely to remain within a tight range in the short term. Uncertainty over trade policy, combined with mixed signs of economic strength, create a challenging operational environment. As such, caution prevails among investors and businesses, and the market remains on alert, aware that in the current climate, more than ever, clarity on economic and trade policy will be crucial to shaping the near-term future of the US dollar.
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GOLD is near the support zoneThe gold has recorded its ATH price to $3057, then it is resting around here. I see there is important support zone and that matches with fibonacci level 0.786 . Since the overall market structure is bullish, I see the high chance of getting support from area around 3007.
WTI crude oil Wave Analysis – 26 March 2025
- WTI crude oil broke resistance area
- Likely to rise to resistance level 71.00
WTI crude oil recently broke the resistance area between the resistance level 68.60 (top of the previous wave 1), resistance trendline of the daily down channel from February and the 50% Fibonacci correction of the downward impulse from last month.
The breakout of this resistance area accelerated the active impulse wave 3 of the higher impulse wave (3).
WTI crude oil can be expected to rise to the next resistance level 71.00, target price for the completion of the active impulse wave 3.
Skeptic | DXY Showdown: Battle at 104.403Welcome back, guys! 👋I'm Skeptic
Today, we're diving deep into the DXY (U.S. Dollar Index), analyzing key levels and potential triggers.
🔍 Recap & Current Structure:
As highlighted in our previous analysis , the major daily support (0.618 Fib) held strong at 103.303 , with price reacting precisely at this level.
Currently, the DXY is testing a critical 4H resistance at 104.403 , which aligns with:
A 4H consolidation range breakout zone
A potential fakeout trap if price fails to sustain momentum
The RSI (65.92) suggests building bullish momentum, but confirmation requires a clean break above 104.403.
📈 Bullish Scenario (Long Setup):
Trigger: Break & close above 104.403
Confirmation: RSI holding above 65.92
Invalidation: Rejection + close back below 104.000
📉 Bearish Scenario (Short Setup):
Trigger: Rejection at 104.403 + drop below 103.936
Confirmation: RSI reversal below 50 + bearish 4H candle close
⚠️ Key Notes:
Fundamentals: Recent economic data favors dollar weakness—trade longs cautiously.
Risk Management: Avoid overleveraging—wait for confirmed breaks.
Stay sharp, and I’ll see you in the next analysis!
TGT Trade Idea –2025🚨 NYSE:TGT is shaping up with some juicy potential in this current market cycle 📈
🎯 Entry Points (Buy Zones):
1️⃣ $107 – Aggressive entry for early birds
2️⃣ $100 – Solid mid-range level with strong historical support
3️⃣ $94 – Deep dip buy for the patient sniper
💸 Profit Targets:
✅ $141 – First take profit zone
✅ $158 – Stretch target
🚀 $168+ – Blue sky potential if momentum keeps rolling
🧠 Risk Management:
Always position size properly and consider a stop loss based on your risk tolerance. Nothing goes up in a straight line – keep your strategy tight.
📝 Disclaimer: This is not financial advice. These are personal trading ideas based on current chart trends and market sentiment. Always do your own research and consult with a licensed financial advisor before making any investment decisions.
Stay sharp & trade smart! 💼📊
$SPY March 26, 2025AMEX:SPY March 26, 2025
15 Minutes.
Sideways consolidation on for moving averages to catch up.
For the moment upside is capped 576-579 levels which is also top of channel.
576 - 578 is a good sell for 571-573 levels target for today.
Since 3 moving averages are nearby 9, 21 and 50.
I expect a one-sided movement.
So far, no trade for me for the week.
Nerd Pips - Signals and Analysis { Buy Solan or Solana }SOLUSD H4, D1, W1
The price trend has been moving and touch support and resistance for weekly to uptrend for Swing, currently the price is starting to continue its decline.
You can take advantage of the Buy opportunity with the setup:
SL: 110.50992 / 100.76501
TP 1: 181.65204
TP 2: 210.475
TP 3: 283.959
Warning: BCHUSDT Is Approaching a Dangerous Trap ZoneYello, Paradisers! Are you ready for what could be the next classic fakeout setup? BCHUSDT is heading straight into a high-probability reversal zone, and if you’re not paying attention, this could turn into another painful reminder of how quickly things change in crypto…
💎BCHUSDT is currently showing signs of weakness as it moves toward a major resistance zone. This area is reinforced by a 4H Fair Value Gap (FVG) and the critical 0.618 Fibonacci retracement level — both of which have historically acted as strong reversal points.
💎Adding to the confluence, we’re spotting clear bearish divergence on the chart, which further increases the likelihood of a downward move from this level.
💎If BCHUSDT taps into our resistance zone, we’ll be monitoring for bearish price action confirmation.
💎Ideal patterns to validate the setup include: M-formation, Head & Shoulders, Inverse Cup & Handle.
💎These patterns can help us reduce our stop-loss exposure and improve the overall risk-to-reward ratio — patience will be key here.
💎On the flip side, if price breaks out and closes above our invalidation level, the bearish setup will be completely invalidated. In that scenario, it’s smarter to wait for new, more favorable price action before making any trading decisions.
🎖This is the kind of moment that separates disciplined traders from the emotional ones. Don’t rush in blindly — timing, confirmation, and strategic entries are everything if you want to win consistently in this game.
MyCryptoParadise
iFeel the success🌴