Chainlink LINK price analysisThe 6-year trend line has been keeping the #LINK price “in play” by 4 times
The next is patience and observation.
🆗 As long as the OKX:LINKUSDT price is above the blue trend line, then the medium-term targets of $38 and $53 are still relevant.
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Fibonacci
MATIC / USD [Polygon] EWP TC FIB ANALYSIS WEEKLY TFElliott Wave Analysis for MATIC/USD (Polygon) 1W Time Frame Chart
The chart presents a detailed Elliott Wave analysis with corrective patterns, Fibonacci levels, and a long-term price projection.
MATIC is currently in a final corrective phase (Wave C of an ABC correction) within a descending channel.
A potential bottom formation near the 0.618–0.65 Fibonacci retracement level (~$0.19 - $0.22) suggests a possible trend reversal. (Strong support zone)
The RSI (Relative Strength Index) is in the oversold zone, indicating that selling pressure may be exhausting.
The previous bullish impulse (Wave (5)) ended around $2.75
This was followed by an WXY corrective multi zigzag, which appears to be reaching its final stage. The chart suggests that Wave (C) of the correction is nearing completion.
Bearish Scenario:
If the $0.19 - $0.22 support fails, further downside towards $0.10 - $0.05 is possible.
However, this scenario would likely require a broader crypto market downturn.
Conclusion: Potential Long-Term Trend Reversal
The current zone suggests a possible bottom formation, which could lead to a new bullish cycle.
A breakout above $0.42 - $0.50 with strong volume would confirm the trend reversal.
Traders might consider accumulation in this range with a stop-loss below $0.17.
Overall Outlook: Bullish mid-term outlook once the bottom is confirmed.
Mastering Fibonacci Retracements & Extensions on TradingView!1. Introduction to Fibonacci in Trading
Fibonacci levels are widely used in trading to identify potential reversal zones, support, and resistance levels. These levels are derived from the Fibonacci sequence, a mathematical pattern found in nature and financial markets. Traders rely on Fibonacci retracements to find potential entry points and Fibonacci extensions to determine profit targets. The most critical area of interest is the golden pocket zone, which ranges between 0.618 and 0.65. Price often reacts strongly in this zone, either reversing or continuing its trend, making it a key level for traders to watch.
2. Key Fibonacci Levels for Trading
Several Fibonacci levels are commonly used in trading. The 0.5 level, although not an actual Fibonacci number, is often observed as a psychological retracement level. The golden pocket zone, which consists of the 0.618 and 0.65 levels, is considered the most important for potential reversals. The 0.786 level represents a deeper retracement and is frequently used by traders for more precise entries before a strong price move. On the other hand, Fibonacci extensions, such as -0.618 and -1.618, are used to project potential price targets. These levels serve as reference points for identifying support and resistance, allowing traders to make more informed trading decisions.
3. How to Draw Fibonacci Retracements on TradingView
To effectively use Fibonacci retracements, traders must first identify a swing high and a swing low on the chart. This process starts by recognizing a strong uptrend or downtrend. Once identified, the Fibonacci tool in TradingView can be used to plot retracement levels. By selecting the swing low and dragging it to the swing high in a bullish setup, or vice versa in a bearish setup, traders can visualize the key Fibonacci levels. It is essential to adjust the settings to only display 0.5, 0.618, 0.65, 0.786, -0.618, and -1.618 for better clarity. This method provides a structured approach to analyzing potential price reactions and planning trades with greater accuracy.
4. Trading Strategies Using Fibonacci Levels
A. The Golden Pocket Entry Strategy (0.618–0.65)
One of the most reliable trading strategies involving Fibonacci retracements is based on the golden pocket zone. When price retraces to the 0.618–0.65 area, traders look for confirmation signals before entering a trade. These confirmations may include bullish or bearish candlestick patterns, such as engulfing candles, pin bars, or hammer formations. Additionally, traders may use momentum indicators like RSI or MACD to identify divergences, which suggest a potential trend reversal. A spike in volume at these levels can further validate the trade setup. A typical strategy involves entering a trade within the golden pocket, setting a stop-loss slightly below the 0.786 level for risk management, and targeting Fibonacci extensions for profit-taking.
B. Fibonacci Extensions (-0.618 & -1.618) for Profit Targets
Fibonacci extensions serve as valuable tools for setting take-profit levels in trending markets. Once price confirms a reversal from a retracement level, traders use extensions to project future price movements. The -0.618 extension is often considered a conservative target, providing an early profit-taking opportunity. Meanwhile, the -1.618 extension is a more aggressive target, generally used in strong trends where price momentum is high. By integrating Fibonacci extensions into their strategy, traders can optimize their exits, ensuring they capture the full potential of a move while minimizing premature exits.
5. Common Mistakes & How to Avoid Them
Despite its effectiveness, Fibonacci analysis requires proper execution. One common mistake traders make is drawing Fibonacci levels incorrectly by selecting the wrong swing points. Accuracy in identifying the correct high and low points is crucial for reliable retracement levels. Another mistake is over-reliance on Fibonacci without additional confirmations. Traders should always seek confluence with other technical indicators, such as support and resistance levels, moving averages, or volume analysis. Additionally, failing to wait for confirmation signals can lead to premature entries, increasing the risk of losses. Understanding these pitfalls and applying Fibonacci with proper validation techniques can significantly improve trading outcomes.
6. Pro Tips for Using Fibonacci Like a Pro
For best results, traders should use Fibonacci analysis on higher timeframes, such as the 1-hour, 4-hour, or daily charts, as these provide more reliable signals compared to lower timeframes. Confluence plays a crucial role in validating Fibonacci levels, so traders should always look for overlapping support and resistance, trendlines, or moving averages. Additionally, backtesting Fibonacci strategies using TradingView’s replay mode can help traders refine their approach and gain confidence in their setups before applying them in live trading. By combining Fibonacci with other technical tools and maintaining discipline in execution, traders can enhance their decision-making process and improve their overall trading success.
Final Thoughts
Mastering Fibonacci retracements and extensions can significantly improve trade accuracy. By focusing on the golden pocket zone (0.618–0.65) and using Fibonacci extensions like -0.618 and -1.618 as profit targets, traders can refine their strategies and maximize profitability. Understanding how price interacts with these levels and applying additional confirmations ensures more precise trade entries and exits. With practice and proper analysis, Fibonacci can become a powerful tool in any trader’s arsenal.
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SYM Technical Analysis: Potential Bullish SetupSYM (Symmetry Group Ltd) is currently in an overall bullish trend and holding above a rising trendline. The price is currently at the Fib Golden Zone. The RSI is synced with price action, which supports the bullish outlook. In addition, there's a potential hidden divergence that could signal continued upward momentum. A possible gap fill towards 11.88 might also present a good buying opportunity.
Trading Recommendations:
Buy 1 (CMP): 15.05
Buy 2: 14
Stop-Loss: Closing below 9
Take Profit 1: 21
Take Profit 2: 26
Take Profit 3: Open
Happy trading!
NQ Power Range Report with FIB Ext - 3/25/2025 SessionCME_MINI:NQM2025
- PR High: 20531.50
- PR Low: 20504.00
- NZ Spread: 61.5
Key scheduled economic events:
08:30 | Durable Goods Orders
09:30 | Crude Oil Inventories
Cleared previous week high, raising value towards 20600
- Auctioning inside daily Keltner average cloud below previous session close
- Weekend gap remains unfilled
Session Open Stats (As of 1:55 AM 3/25)
- Session Open ATR: 432.71
- Volume: 24K
- Open Int: 224K
- Trend Grade: Neutral
- From BA ATH: -9.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
EUR/USD - 15M Analysis & Key Levels📊 EUR/USD - 15M Analysis & Key Levels
🔵 Current Price: 1.07836
🟢 Demand Zone (Support): 1.07873
🔴 Supply Zone (Resistance): 1.08253 - 1.08542
🔍 Possible Scenarios:
1️⃣ Bullish Case: If price holds above 1.07873, it could push towards 1.08257 and further towards 1.08540.
2️⃣ Bearish Case: If price breaks below 1.07873, further downside movement could occur, invalidating the bullish setup.
💡 Trading Plan:
✅ Look for bullish confirmation at 1.07873 for a potential long entry.
✅ A breakout above 1.08253 could confirm further upside towards 1.08540.
✅ If price fails to hold above 1.07873, avoid longs and reassess for potential short setups.
#FXFOREVER #FXF #EUR/USD
Long - AUD/JPY Base on the market structure given in the 4 Hour timeframe. A CHOCH has been formed and this would make this pair and interesting one to look at as the price now has reached all 3 fibonacci retracement levels. I believe that this set up is valid and worth to look at.
I will only be participating in the market if there are any reversal confirmations within given zones. As of now price has yet to reached the given zone.
“Weak Demand Signals Potential for a Lower Low”Currently, the position of NCF1! or Newcastle Coal is within wave 5 of wave (C) of wave , indicating that Newcastle Coal remains vulnerable to further corrections toward the 86.55–96.15 range, as represented by the black labels.
A similar pattern is observed in the red labels, where Newcastle Coal is also nearing the completion of wave (5) of wave .
We observe continued pressure on coal demand due to weak consumption and oversupply, as many countries are increasingly investing in renewable energy sources amid slower global economic growth.
PARAMOUNT GLOBAL Stock Chart Fibonacci Analysis 032525Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 11.5/61.80%
Chart time frame: C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
CART heads up at $49.79: Golden Genesis sister of our bouncerCART has been accelerating its uptrend.
Now approaching a Golden Genesis fib.
Its Golden sister below was our bouncer.
It is PROBABLE that we get a dip here.
It is PLAUSIBLE to form a significant top.
It is POSSIBLE to Break-n-Retest and go.
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RIVIAN Stock Chart Fibonacci Analysis 032525Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 12.3/61.80%
Chart time frame: C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
PLTR eyes on $84.69 (again): Golden Genesis fib and a MUST HOLDHere we are again at a Golden Genesis fib, strongest of all fibs.
"Golden" as in an exponent/multiple of .618, the Golden Ratio.
"Genesis'" as in the primary wave of this asset's growth pattern.
A retest was expected but bulls needed it to happen much sooner.
The high altitude drop has pierced the fib instead of a clean bounce.
Bulls need to "orbit" this fib and then attempt to slingshot Northward.
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Previous post calling the last pullback:
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Short - EUR/JPYGiven the structure that has been formed in the 4 hour timeframe. We can see that there is CHOCH within the structure. This could indicate us that there is potential for the price to move downwards. Currently the price has just touched the first reversal point of the fibonacci retracement it has yet to touch the 2nd reversal point. I would not rush my entry as there are still potential for the price to climb up to the medium risk and low risk zone.
nifty....should reach 21420 on 25th april!nifty....
the blue channel is called bapson channel.....
nifty slips the bapson channel..........goes back up to retest the channel bottom yesterday....
and prints rejection candle here!
have a close look at the bapson channel and notice how nifty respected the different medians!
nifty...will reach 21420 which is 61.8% fib.of 3rd wave.....and also bottom of black channel....
and also lines up with 61.8% fib.time of 3rd wave! will come there on 25th april!
TSLA watch $294: Double Fib hurdle to bounce from Golden GenesisTSLA finally got past our Golden Genesis fib at $253.
Strong bounce cut through several Covid fibs (dashed).
Watch tight confluence of Covid+Genesis around at $294.
$ 293.96 - 294.32 is the exact zone of concern for bulls.
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EBAY watch $66.xx: Golden Genesis + Covid fibs for supportEBAY in a wild oscillation after last earnings report.
Currently orbiting/stabilizing around a Dual fib zone.
Look for a clean bounce ("Ping") off this zone for longs.
$ 65.91 - 66.16 is the exact zone of interest.
Top of zone is a Golden Genesis, ideal bounce.
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Wednesday Market Outlook: Bearish Trend Expected📉 Wednesday Market Outlook: Bearish Trend Expected
Tuesday’s price action played out as expected, confirming my bias. While price didn’t fully tap into my POI before the rally, the movement remains valid.
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📊 Wednesday’s Forecast
For Wednesday, I’m expecting:
✅ Monday’s high to be taken out
✅ Tuesday’s high to be taken out
✅ Price to reach my bearish POI at 1.29794
From there, I’ll be looking for a drop to 1.28835.
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📉 Overall Bias: Bearish
Given this setup, I’m maintaining a bearish stance for Wednesday. Now, it’s all about patience and execution.
Let’s see how price unfolds. Are you bullish or bearish this week? Drop your thoughts below! 👇🏾
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#Forex #MarketOutlook #TradingPlan #GBPUSD
Goldman Sachs Wave Analysis – 25 March 2025
- Goldman Sachs continues daily uptrend
- Likely to rise to resistance level 600.00
Goldman Sachs continues to rise inside the B-wave of the medium-term ABC correction (4) from the end of February.
The active wave B started earlier from the support zone between the support levels 520.00 (former monthly low from December) and 540.00.
Given the clear daily uptrend, Goldman Sachs can be expected to rise to the next round resistance level 600.00.
Netflix Wave Analysis – 25 March 2025Netflix Wave Analysis – 25 March 2025
- Netflix broke resistance zone
- Likely to rise to resistance level 1050.00
Netflix recently broke the resistance zone located between the resistance level 960,00 (former support from February), resistance trendline of the daily down channel from February and the 50% Fibonacci correction of the downward wave 2 from last month.
The breakout of this resistance zone accelerated the active intermediate impulse wave (3).
Given the clear daily uptrend, Netflix can be expected to rise to the next resistance level 1050.00, target price for the completion of the active impulse wave (3).