$MSB - The pain just keeps goingI'm expecting a small uptick followed by prolonged investor pain. History likes to repeat itself and $MSB looks awful
Fibonacci Extension
Exelon/ComED/ConED: Targeting 1.618 Completion of Bearish AB=CDComED is on the edge of completing the 1.618 extension of this Perfect Bearish AB=CD:
So long as it can hold above the 1.13 everything should be fine. I will be playing this via options by buying some calls in the $40s that are a couple months out and when the 1.618 is hit i will consider flipping my position.
ETH - trade rekapDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction.
Scalp trade. This is how we catch the trades, because we are traders, not gamblers. Why this trade works? Because we have mutiple confluences at the same place. Its yellow trend line of few wick highs. Its blue EMA 233 which is very important EMA. Next, there is 1 fibonacci extension. Enough to think of taking a trade. Now, there is already 1:3 profit taken. You can drive this all the way down if possible, or moving the stop loss in profit level by level.
Happy trading :))
Tools:
- Fibonacci retreacement
- Fibonacci extension
- Pitchfork (All types)
- Trend lines
- RSI
- EMA fibonacci numbers
If you take closer look, you can see how price respects the lines. If the trade analys is good, we can find a place where the top/bottom of the wick will happen, therefore place an entry buy/sell order and let the magic happen :)
QNTUSDT 1W Interval Targets and StoplossHello everyone, let's take a look at the 1W QNT to USDT chart as you can see that the price is moving below the downtrend line and is close to exiting the current triangle.
Let's start by setting goals for the near future that we can take into account:
T1 = $127.6
T2 = $148.7
T3 = $165.8
and
T4 = $182.5
Now let's move on to the stop loss in case the market goes down further:
SL1 = $102.6
SL2 = $82.6
SL3 = $66.4
and
SL4 = $50.8
Looking at the CHOP indicator, we see that the energy is gaining strength on the 1W interval, while the MACD indicator confirms the downward trend, but with a decreasing advantage of sellers.
$DJI punishment continues $DJI - the punishment continues. Long term I will always remain LONG. However in the short to medium term the price will remain suppressed.
XAUUSD is now confusing peopleYeah, i actually expected if gold will do rebound on 29 Nov 2022.
But i didn't expect that it will go in a reverse direction.
So, basically in order to forecast the market you must know 3 aspect
1. Fundamental > The cause of effect (it's main correlation and macroeconomics aspect)
2. Technical > The main idea (stochastic, fibonacci, SnR, smart money concept)
3. Timing > The most people don't have idea (financial astrology)
If all 3 aspect is toward the same direction...it will be a super accurate forecasting method.
But now, it is going super fuzzy when the market is manipulated.
When the fundamental asset of gold, which is USD is rising since the fed is hawkish, gold is unexpectedly rising too. Which is doesn't makes any sense.
When the technical analysis of gold is definitely bearish overall, it is just kinda don't want to go down
(stochastic 5,3,3 going down, but chart pattern is going up again)
When the timing is more likely to go down, gold is stagnant at 1750s level with really long wicks (more than 100 pips). Which causing people have a margin call
Now, those 3 aspect is just really counter-intuitive each other.
according to fundamental it's going down.
according to technical it's going up/down.
according to timing it's going up
So, i don't know anything this time. But i assume it will go down around 1740, then suddenly going really high up to 1773
Hey gold lord...please give us some moneyyy..
Cheers, H. Haidar
UNIUSDT 4H Interval- Targets and StoplossHello everyone, let's take a look at the 4H UNI to USDT chart as you can see that the price is moving below the uptrend line and we are still below trending as well.
Let's start by setting goals for the near future that we can take into account:
T1 = $5.53
T2 = $5.72
T3 = $5.89
T4 = $6.04
and
T5 = $6.26
Now let's move on to the stop loss in case the market goes down further:
support zone from $5.44 to $5.14
SL2 = $4.28
Looking at the CHOP indicator, we see that the energy is heavily depleted on the 4H interval, the MACD indicates a local downtrend, while the RSI is at the lower end, which could potentially indicate upcoming increases.
SPX - short term drop. Forever going up $SPX headwinds pulling this down m. Followed by yet another bull run higher.
$BTC prices are down $BTC - Prices are heading down. I’m calling a bottom of roughly $4000 USD. The Volumes pumping through are incredible.
AMAZON heading higher $AMZN heading higher before a short term regression. Using Fibonacci extensions and retractions.
Does Gold doing wave C? part 4According to the previous idea, Gold doesn't break down and make a new low, But the price was reversed instead. For a bigger time frame, it looks like wave B was Truncated, about (c) target should be around 1774$ (138.2% of A), To enter Buy/Long position, wait for the price action TF 1H - 4H or EMA50 or anything else, Do not Sell/Short until the market structure of uptrend gets destroyed.
OANDA:XAUUSD
Trading Idea for Ethereum💸In this idea, I'm going to share my own short-term trading plan on Ethereum . So this one is not an analysis it is an action plan with calculations.
As you can see on the chart (1H time-frame), ETH has reached a PRZ (Potential Reversal Zone) around $1310. This is the high of the last bullish wave on our ascending trend (you can see the yellow trend-line to find my bullish trend). I came to this conclusion because of four reasons:
1. RSI bullish trend-line is broken downwards
2. There is a bearish divergence on MACD
3. The price has reached the level 1 Fibonacci Extension
4. The Red (sales) volumes are rising, and the Green (buys) volumes are decreasing
So it is time for a correction now, to find to size of the correction I've used to Fibonacci retracements on the last bullish wave. The "green box" is our strongest support area on the Fibonacci. But also if I want to make my support area stronger I'll pick the area that my green box overlaps with the yellow bullish trendline. This will be the area for me to buy Ethereum if the price hit it, it is somewhere between $1210 - $1220.
Here is the trading trick, this strong support area, is a good place for me to buy. But what will happen if things go wrong?!! Before anything else I'm going to plan to setup my stop-loss . There are two good stop-losses here:
1. Somewhere around $1190, it is our lower low from our previous low
2. When the yellow bullish trend-line is broken
So we have our stop-loss, it's time to calculate our take profit area . With drawing two Fibonacci extensions, from our two last bullish waves to our green box (if the price hit that area as the end of the correction), we'll get two level 1 Fibonacci Extension. First one around $1368 and second one around $1446. My tow take profit points will be below these levels. The good thing about this trading idea is its great R/R ration that you can see on the chart!
I will definitely update this trading idea as the market proceed, so make sure you follow my account and stay tuned.
As always feel free to ask any question you have about my idea and share your own thoughts on the comment section. And if you like this idea make sure you hit the BOOST button.
BTCUSD BOTTOM NEARLY REACH?According to my previous forecasting, I was confuse and count it wrong, Now look like the winter almost end, The last target of wave C of Irregular flat is 161.8% of A which is around 10,600$
Does the end of winter is soon? who knows.
BITSTAMP:BTCUSD
S&P500 now facing a wall of resistances. No Short Signal yet !We are clearly in an Bullish Blue trend channel with upcoming wall of significant resistances:
1. 4040$ - 200 DMA
2. 4084$
Gap fill with supply level
1.414 fib extension
Weekly downward trend channel upper resistance
3. 4160$ - 4170$
Weekly resistance level
1.618 fib extension
Daily Supply level
50% retracement from recent lows to ATH
4. 4230$ - Daily Resistance level
5. Max upside capped at 4330$
2 fib extension
Major supply level
Conclusion : Watch for breakdown of upward blue channel in the chart to confirm the start of bearish trend again in SPX.
Key dates to keep in mind are :
- 12 December 2022 for CPI number. Any positive surprise in inflation kills this rally instantly.
- 14 December 2022 for Fed decision on interest rate hikes
- 16 December 2022 - 2022 year end Options Expiry
Probability for 15/12/22 No trade for me today. It seems that price is stuck between Buyside liquidity and Sellside liquidity. Innitially I knew price will retrace to 50% on fib but not right away, it took a while. Now we know it's there and I would expect to start to go down today and make way to 164.400 or even 164.000 but to me is 50/50 = no trades.
Please let me know your thoughts.
📉✌BTC 2H Long Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello traders, first take a look at my previous analysis and positions.
💥Until price is inside yellow area, you can open long position in two steps.
The optimum stop-loss is below the determined level.
TP1-2-3-4-5-6-7 are on the chart
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
AUDCADAs you can see, AUDCAD has reached the resistance point. On the first trading day, it can cross the orange dotted line and take a downward direction again. My guess is that he will not be able to break through that point as it did before and will go down to the blue line. The blue line is the 0.786 point from the trend-based fibonacci extension levels.
AUDJPY Upside down cup and handle
In the image, the period of the graph is 1 day. The 1-hour chart has reached the resistance point. It will likely drop around 2% to another Fibonacci support point. It is not investment advice.
GOLD sell view to 1745 futher 1706GOLD sell 1783-1788, SL 1813, TP 1745 futher 1706
This technical setup is based on Fibonacci retracement + S&D + Price action
4000 has become an important levelspx futures 4000 has gone from a psychological level to a very important technical level. auto fib extend and auto vwap are telling me we have retraced enough for 4000 or just above to be stiff resistance in different paths or areas marked out with brush or horizontal lines.
$WBT - Price target $5.23Weebit Nano onto a bull run. Price target $5.23. In respect to Fibonacci extensions and cloning. My outlook is very bullish, cornerstoned by recent company performance
SPT - SPLITIT After todays announcement, I think Splitit is heading for 86c. I’ll be selling a portion of my position at that point.
ASX: AR9If this hits or drops below 0.095. I think it's heading for around 6c. hopefully Ill be able to top up.
