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Fibonacci Extension

A Confluence of Cup & Fib - Adani Ports :)For any script - When a News, Fundamentals and Technicals meet - then there its bound to The recent positive ruling from the Supreme Court on the side of Adani Group against Hindenburg Report has definitely boosted Investor morale on all counters of Adani From a Fundamentals perspective Adani Ports is a Rock Solid script as it has global presence in Physical Real Estate of each port and is continually trying to scale up across the world. From Technical point of view on Monthly Chart: 1) Price Broke out of Long Term Parallel Channel (since IPO) 2) Rounding Bottom / CUP pattern BO also done on Monthly 3) The Cup pattern bottom retracement was at Fib 0.786 level and hence the Cup Target 1390 is exactly meeting Fibonacci Extension Target of 1.272 Confluence of Cup & Fib - is a double confirmation of structure and now that Channel is also broken out positively, the additional Fib extn targets will also be met Targets 1390, 1665, 2450 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ADANIPORTSLong
by Stocks-n-Trends
4
EURUSD|Same direction with market trends and sales positionsAccording to the general structure, we realize that the sales pressure is still higher than the purchase transactions, so we mostly try to go along with the market trend with the sales transactions. Returning from the support area, we wait to reach the specified resistance areas, which are valid price areas of 1.09629 and 1.10247. By seeing the appropriate confirmation, including stick candles, pin bars, and hammers, we can enter into sales transactions in these areas. The support areas in my opinion are the prices of 1.08520 and 1.07800 for the target of sales transactions and seeing the price return from these areas, we can have short-term reactions from these areas. resistance level= 1.09629 and 1.10247 support level=1.08520 and 1.07800
Short
by Golden_Star1994
Inventing the "Growth" Story of Inventure "Growth & Securities"Inventure - A leading provider of investment advisory service and distributes financial products like mutual funds, insurance products, etc. The stock turned Multi-bagged when it multipled from 0.80 / Share to 6.75 / share in a matter of 22 months. Now - after a perfect 0.786 retracement on the Fibonacci scale - it is all set to beat its earlier bull run. Here are the Technicals: Fib 0.786 Retracement on Monthly Perfectly following a Parallel Channel on monthly since 10 years A beautiful Rounding Bottom pattern - about to BO above 3.15 for Target of 4.8 Resistances: A Multi-year resistance from its IPO duration in 2011 is pushing the price down from 3.1 levels. Inventure is all set to make new highs only 3.15 is taken out decisively on WCB Targets Short Term: 3.9 Rounding Bottom: 4.8 Fib Extensions: 6.15, 11.05 A True Multi-bagger in the making Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:INVENTURELong
by Stocks-n-Trends
Fib Circles for LifeThis is my first educational post. This is not long or short. This is just fib circles. This tool is great for non-linear support and resistance. you can also draw horizontal lines at the top of each circle to make your traditional fib extensions and retracements. these can be used on any timeframe just like your standard linear fib ext/ret The biggest rule of thumb is to draw this shape on a 45 degree angle. you can check angles with the info line if a swing low to high in any area of the pa looks closed to 45 degrees. Fib circles are magic. and colorful. and excellent for logarithmic chart. try for yourself!
BITSTAMP:BTCUSD
by BallsOfSteel32
1
Why Fibonacci Works along with Ichimoku - $SPY - ExplainedYou read a lot about Fibonacci and realize it's everywhere but you doubt it. It is too good to be true. I present the chart where it shows that you gotta believe it. Well let's put it this way. If some believe in Fibonacci and trade accordingly it will move the market and that is exactly what happened today. I am still long on AMEX:SPY (I have gamble puts expiring Feb) Still long because it respected the support. I believe it will be range bound as 476 is a huge resistance because if it crosses that it has to fly, There are lots of headwinds and the market has already built in the rate cuts which may come sometime later. One thing to note which no one is talking about - If there is a rate cut what does it tell you about the economy!
AMEX:SPYLong
by trikkone
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Education
by LeafAlgo
16
#USDCHF possible bullish scenarioPrice is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
12
Fibonacci Retracement/Extensions- How & Why? | Live ExampleFibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of support or resistance during price corrections. Imagine you have a stock that has been rising in price for some time. Suddenly, it starts to decline. Traders who use Fibonacci retracements believe that during this downward movement, the stock price will likely retrace or bounce back to certain levels before continuing its downward trend. These retracement levels are derived from the Fibonacci sequence. The most commonly used levels are 38.2%, 50%, and 61.8%. For example, if a stock's price drops from 100 to 80, traders would expect it to bounce back to around 88.20 (38.2% retracement), 90 (50% retracement), or 93.20 (61.8% retracement) before continuing its decline. While their effectiveness is debated just like any other tool, many traders including myself believe that these levels act as psychological support or resistance points due to the large number of market participants who follow this approach. Let us get back on the example above. I drew a trendline which had helped me back in 2021 to predict the top in GOLD. This is the perfect example of how EVERY PRICE movement matters. The Fibonacci levels are derived from levels from 2008. In this example the Fibonacci extension level 3.618 held as a perfect resistance for the price of GOLD. 2008 to 2023, isn't this amazing? How long can a single price movement can have its affect! How to draw a Fibonacci Retracement/Extension? It's fairly simple. Just plot one end of the fib to the high of the price movement and the other to the low or vice versa. I'll answering all your queries in the comments below. Please feel free to reach out!
TVC:GOLDEducation
by YieldYogi
2
Celestia target $27!Hello, I put a fib extension on the Celestia chart and it turned out that the 3,618 level corresponds to the $24 price and the 4,236 level corresponds to the $27 price. From our point of view, it is a feasible target, at least in the first phase of the bull market, since Celestia is a solid project. Below is our fundamental analysis, which you can also find on our Celestia website SOCIAL & MASS MEDIA: Score 8 out of 10 AUDIT & SECURITY: Score 6.3 out of 10 TOKENOMICS: Score 3.6 out of 10 ECOSYSTEM DEVELOPMENT: Score 8 out of 10 TEAM & DEVELOPERS: Score 8.8 out of 10 PRODUCT & UTILITY: Score 4.8 out of 10 PARTNERS & INVESTORS: Score 7.5 out of 10 OVERALL SCORE: 6.56
Long
by coin_score
1
Navigating Bitcoin's Surge with a Keen Eye on the SEC's Next MovBitcoin is defying expectations, carving a path through the $38K barrier with the tenacity of a bull. The recent rally from $36,886 to $38,437 wasn't just a fluke; it's a statement. Even more compelling is Bitcoin's graceful dance above the 0.5 Fibonacci level at $37,662, dismissing any doubts about its current strength. Away from the charts, the SEC's recent decision to delay the Bitcoin ETF ruling to 2024 has stirred the pot. But instead of a setback, it seems to have injected a curious mix of caution and anticipation into the market. The buzz around institutional investors' potential new avenue into Bitcoin has some pundits dreaming of a $40k weekend – a bold call, but not unwarranted. So, what's next for Bitcoin? If we slice through the 0.382 Fib level at $37,845, we're looking at a series of intriguing possibilities: - First Stop: $38,437, where Bitcoin last took a breather. - Onward to: $39,029, blending optimism with cold, hard math. - Then maybe: $39,396, where Fibonacci's legacy meets crypto reality. - And if we're lucky: $40,947, where we align with expert forecasts and round-number charm. As traders, we find ourselves at the intersection of intricate chart patterns and the unfolding drama of regulatory decisions. It's essential to keep a close eye on both because this dance between the technicals and the fundamentals is what will drive Bitcoin's journey in the days ahead.
BITSTAMP:BTCUSD
by Robin_Nakamoto
USD/JPY: Fatigue, but no sign of reversalDear beloved friends, Currently, the recent recovery of USD/JPY has stalled as it hovers around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs of a reversal in the upward trend. Furthermore, this pair is receiving support from a series of optimistic economic data from the United States (US). Breaking above this level could potentially support the pair in exploring the area around the monthly high at 150.16, followed by the psychological level at 150.50. By using Fibonacci extensions, surpassing the 150.00 level will provide additional upward momentum for USD/JPY, along with the completion of wave D as expected.
Long
by Karina_Bella
12
Possible GBPUSD movementsEnglish First of all, I looked at the market structure, we have a very clear bearish structure since the 70´s and I looked at the last fractal to see the possible movements and debts the price may cover in his path. I saw the last movements during (The LL and LH) that last bearish movement that the price didn´t get at least the 50% Fibo´s, it happened with the two bearish movements. I took a look as well at the possible debts and I used the Fibo extension and noticed a debt in the level 1 (100), so we still have a zone to cover right down (A possible LL). So, we have two possible movements and two debts that we need to pay attention, one in the 1.86648 price to look for bearish movement and another one waiting for the price to go down and get the debt in the 1 (100) zone of our Fibo extension in the price 0.95397. Let´s see what the market does to "refresh" my analysis. *THIS IT NOT INVEStMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, miramos la estructura de mercado, tenemos una estructura claramente bajista desde los 70s y me enfoqué en su último fractal bajista para identificar posibles movimientos y deudas del precio en su camino. Vi los últimos movimientos (alto más bajo y bajos más bajos) en su último movimiento a la baja e identifiqué que el precio no cubrió en ninguno de sus retrocesos al menos el 50% del Fibo, por lo que tenemos vacios donde el precio tiene que subir en algún momento. También vi lo que serían posibles deudas en la zona baja e identifiué una deuda en la zona del 1 (100), justo por debajo del último precio a la baja, por lo que tenemos un posible bajo más bajo que cubrir. Por lo tanto, tenemos dos posibles movimientos y dos deudas a las que debemos prestarle atención, uno en el precio 1.86648 para buscar posibles ventas y otra esperando un nuevo movimiento a la baja hasta el precio 0.95397 buscando posibles compras. Ya veremos qué hace el mercado para actualizar nuestro análisis. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital