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Fibonacci Extension

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
OANDA:XAUUSD
by sigmaCEO
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.
by cryptodailyuk
1
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 $1446. My tow take profit points will be below these levels. The good thing about this trading idea is its great R/R ration that you can see on the chart! I will definitely update this trading idea as the market proceed, so make sure you follow my account and stay tuned. As always feel free to ask any question you have about my idea and share your own thoughts on the comment section. And if you like this idea make sure you hit the BOOST button.
COINBASE:ETHUSD
by ArshiaZojaji
18
S&P500 now facing a wall of resistances. No Short Signal yet !We are clearly in an Bullish Blue trend channel with upcoming wall of significant resistances: 1. 4040$ - 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
SP:SPX
by shivam94_007
Bitcoin - Secret Invisible Pattern! This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders. Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here. Bitcoin is the most hated asset in the world, and everybody spits on it. The funny thing is that while the dollar has been weak in recent weeks, bitcoin has been even weaker. As you can see, we have plenty of room to go down into the abyss. I don't know if the price will go up or down; I don't really care. I am mainly a day trader, and I post on TradingView only long-term views on crypto. But I have to admit I will be interested in Bitcoin once it reaches 3k for a long-term investment with part of my funds. Setup your orders to buy Bitcoin at 10k for a massive 50% profit, because I expect a massive short-term bull market from this level! Bitcoin is basically free falling; it's an absolute disaster, and the bear party with honey is awesome. Regards, Tolberti.
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
34