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Fibonacci Confluence

#US10Y #Bonds Can Fall From This FCP ZoneTraders & Investors, US 10 Year Bonds have been on the rise. After a minor correction they rose higher but now they could be approaching an FCP zone which can act as a resistance. We also have Relative Strength Index divergence setting up on weekly time frame. Out this on your watch list as this can impact stock market, indices and other asset classes due to money flow from this asset class. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:US10Y
by vikinsa
Crab Harmonic and Head and ShouldersA bearish Crab Harmonic and a Head and Shoulders. These are actuallythe most reliable chart patterns playing out. Some swing traders seriously considering a double top from Alt-Time-High but before this we have an imponent H&S that became valid from the fulfillment of your pullback to the neckline and really more reliable. So, I'm targeting a reliable level at 14.6% of the Fibonacci retracement. As we can see on this daily chart I'm adding a confluent projection from the prior bearish CRAB Harmonic. This extension of Fibonacci ratio is in fact 1.278 wich is the square root of 1.618 from a AB=CD pattern.
Short
by firmestudio
$USDJPY Could Be Reaching The Final Bullish TargetTraders, USDJPY has been extremely bullish for last few months and this Forex pair is the one giving most of the strength to DXY (Dollar Index). Now USDJPY could be reaching an FCP zone along with a multi year cross trend line. This can give us the final target for our bullish trades and may also give us good opportunity for short trades depending on a good confirmation at least on the daily time frame. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Short
by vikinsa
6
$WTI $USOIL Can Rise #crudeoilTraders, Intraday USOIL (WTI) has been slipping but the structure has been broker to the upside on the smaller timesframes. There is a very good confluence zone coming up soon on Crude Oil which can be a great place for long entry if the confirmation arrives. This can be a little risky trade so manage the risk. The target ultimately is the unfilled gap which left there days ago. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:USOILLong
by vikinsa
1
$VIX Is In The Zone, Can Take A CorrectionTraders, $VIX Is In The Zone, Can Take A Correction. Watch $DXY too with it. If these 2 fall, we are looking at some relief in indices (Dow Jones, SnP500 and NASDAQ) Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
PEPPERSTONE:VIXShort
by vikinsa
7
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at? The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally? I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels. I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open. Summary, SHORT. My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
FTX:CROUSDShort
by calmrat
#BANKNIFTY Can Rise From The FCP Zone Traders, BANKNIFTY Can Rise Intraday. We have an FCP zone and an unfilled gap. So watch out for this intraday opportunity. NIFTY Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NSE:BANKNIFTYLong
by vikinsa
NASDAQ ($NAS100) US100 Can Rise IntradayTraders, NASDAQ ($NAS100) US100 Can Rise Intraday. We have an M pattern, a demand zone and an unfilled gap. So watch out for this intraday opportunity. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
ULong
by vikinsa
$USDJPY - 2 Important Zones AheadTraders, USDJOY has been very bullish over months and now it is truing to go back to the previous highs. In the process it is creating a FCP Pattern which can push the price down at least for a correction. These are the 2 zones that we should be watching for trading opportunities. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
2
⁉️ How to use Fibonacci Retracement?‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
OANDA:XAUUSDEducation
by Snick3rSD
$APPL Can Fall Now - W Pattern CompletedTraders and Investors, Apple Inc ($APPL) has completed a W pattern which can push the price down. It also has reached an areas of resistance so we can can expect a move down. The downward arrows show the possible bearish targets. However, if the apple stok breaks above the starting point of the W pattern and crosses the limit, then we should look for further bullish targets into 200s. Manage the risk and make sure that you are watching stock movement closely along with US30 (Dow Jones) Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NASDAQ:AAPLShort
by vikinsa
GBPUSD Can Rise As M Pattern Has CompletedTraders, GBPUSD can rise as an FCP M pattern has been completed. However this may not be able to push the price too high as the DXY is still rising and strong. So if you are looking for a smaller bounce then look for a confirmation on this GBPUSD pair and take the entry. On the chart there are 2 arrows which point at the approximate profit targets. Take one step at a time and manage the risk. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
1
$BABA Is Alibaba Ready To Be Treasured In Our Portfolios?Traders, Speaking to my of my investor friend in the US around a year ago, I predicted alibaba to fall below 100 and that's when we could get a chance to buy back again. Alibaba $BABA Has been consolidating at the current levels for few months under 100 dollars. Now as it has created a very good pattern inside the bollinger band, this can become a speculative buy in our portfolio again. The risk is limited i.e. stop loss will be below last lowest low and the target much higher giving us very good Reward to Risk.
NYSE:BABALong
by vikinsa
1
USOIL - Bearish analysis & lessonG'day all, hope you're well! I don't usually publish my ideas, but I thought this might be worth a look since I've been experimenting with the effects of EMAs and Fibs on charts in what I like to call "Order of Priority". So, let's dig in. Before you read on, you hereby acknowledge that you will possibly be exposed to crappy chart jokes that may or may not include some form of innuendo and will likely be dad level, as well as a long-winded explanation. There are a few things happening in this chart that point to a short term downside target or at least $80/barrel - possibly lower. The first is the obvious giant 'W' pattern whose target was suspiciously met to within a buck or 2. The way I measured it is by running a Fib retracement from the last high prior to the W to the first wick after the lowest wick - I did this to find the .618 (dotted line Fib retracement on the left). I ignored the major drop as it was an anomaly. The wick after it lined up with the previous market bottom which made more technical sense. The .618 lines up perfectly with the 'W' neckline, so now we have a beginning and end point for a measured move - from the .618 down to the legitimate wick. Move that line upward and you have your target that met with scary precision. W patterns usually retrace to the neckline which is usually a .5 Fib after the move plays out, which lines up with the .618 Fib that we used to find the neckline. If it retraces lower, it's usually a speedy move to the .618 before becoming range-bound at around the .5. I've found this to be pretty typical of 'W' patterns in general. Secondly, we have the RSI and MACD indicators looking all depressed. A solid bearish divergence on the RSI and a downticking MACD, like 2 emo teenagers fighting over a black tshirt. In my experience, bearish divergences don't tend to reset until they first hit oversold territory, and there's a bit of a way to go before that happens. That distance in the RSI from the current position to oversold lines up nicely with a price movement to the $64 - $70 zone, assuming there's a quick buy-up. The MACD usually doesn't confirm a reset for the next move up until it falls below the median line and crosses upward again with conviction. Conviction is key here, it can't be a half-assed cross over like those 2 emo kids. Thirdly, we have the EMAs. The values I use are Fib values: 9 (blue), 13 (purple), 21 (red), 55 (yellow), 200 (Sasha Grey), 600 (light grey). There's a nifty rule I found works great after major moves: * If after a major move the price falls below the 9 EMA and fails to get back above on retest, we're going to the 21 EMA. * If the price falls through the 21 EMA and fails to get back above on retest, we're going to the 55 EMA. * If the price falls through the 55 EMA and fails to get back above on retest, we're going to the 200 EMA. * You get the point, same for the 600 EMA. Right now, it's failed to get back above the 21 EMA on retest. Guess what the next target is? Now here's the kicker, if it falls through the 55 EMA, the 200 EMA is waiting for the price right at the neckline of the W pattern, with the 600 EMA resting right on the 0.5 Fib retracement when measured from the major low to the major high (dotted line Fib retracement on the right). Coincidence? Who knows. "OK smartass, so what happens when we fall through ALL the EMAs then?" I hear you ask. First, don't be a wickhead. There's an order to these things. Everything has its own gravity in the charts, which is why I described everything above in that order. What has the most gravity, I believe, is the .618. That's at around $46 - $49. If the price falls through all the EMAs, that is the next major safe target. I say safe because of risk level. Sure, it could wick as low as the thick blue support trend line, but price will generally equalise at the .618 over time and it's generally where buy orders fill when these EMAs are broken. Placing any below there is an idea, but they're less likely to fill. "Damn it Shifty, why didn't you just call the .618 instead of wasting our time with your crap about colourful lines and levels that sound like pasta?". Well, because each of those steps has it's own trading opportunities, particularly the EMA rule. On a lower timeframe, the trades in the EMA zones alone when you reference the weekly are gorgeous. I hope this is helpful to someone out there who could play around with these concepts on other charts. I have other rules that I've come up with to do with Fibs and EMAs, so if you liked this crappy dad-joke of a lesson, let me know in the comments and I might go into more stuff down the line :) Stay safe all and happy trading!
TVC:USOIL
by Shifty-Ifrit
2
SXPUSDT wants the 0.886 Fibonacci levelThe price got a rejection from the 4h resistance at 0.44$, the the price had the dynamic daily resistance as well. Now the price is testing the previous resistance as new support above the 0.786 Fibonacci level. How to approach it? IF the price is going to lose the support and retest it as new resistance, we could see a bearish impulse until 0.886 Fibonacci level, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
DXY (Dollar/USD) & EURUSD Technical Analysis & Forecast June 12Traders, DXY went higher after a shallow correction as expected. There are few scenarios now which we should consider especially if we are long on dollar. These levels and conditions can make dollar fall. In this DXY (Dollar/USD) Technical Analysis & Forecast lets study those conditions along with EURUSD analysis. There are 2 reasons for its possible falls too in the future: 1. There are several gaps left and the lowest one is around 90 2. W pattern makes a market fall from few specific levels. So beware of these 2 cases. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
BTCUSDT wants to retest the 0.5 Fibonacci level The price is testing the 0.618 Fibonacci level on the monthly support (29k) On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance. on 4h timeframe the price is creating a symmetrical triangle. How to approach it? IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
20