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Fibonacci Extension

APPL's TP price for the bears1. Price is trending within the down channel perfectly. 2. Purple color: The price broke below the horizontal support of the ranging zone (0 to 1). And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2). 3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support. 4. Orange color - another strategy to use in this scenario: Down "N" strategy: Key move --> rebounce --> (following an N pattern) After breaking the purple ranging zone 0 to 1 (the rebounce), the market would be highly likely to repeat the key movement (the orange force). Therefore, the bottom of the orange box could also be a strong support. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:AAPLShort
by stock_adelie
NASDAQ 100 Futures for the week 12/27 to 12/30If the price breaks the uptrend channel, the price action will generally follow the downtrend and keep going down. And let’s use the 1:1 ratio strategy to find more details. 1. The price dropped from 0 to 1 and 2 in a perfect 1:1 ratio. 2. Level 2 could not stop the bears, and the price keeps dropping. By the strategy's rules, if level 2 cannot hold, the price will be down another 100%, which is from 0 and 2 to 2 and 4. Since the price never crosses above level 2, the market is still considered weak. Therefore, If the price is moving within level 2 and 3 and never breaks the uptrend channel, the market is more likely to do triangle ranging. If the price drops below level 3, where the price will be below the uptrend channel, it may drop further to level 4 to fulfill a completed 1:1 move. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
A Further 25% Loss or a 20% Gain for KODK the Week Ahead?Following a severe bearish trend since mid-November that resulted in a 40% loss, Kodak share (KODK) is currently traded within a horizontal channel. Furthermore, KODK share is traded below the short and long term EMAs. If KODK share breaks below the previous channel, as indicated by the Fibonacci circle and Fibonacci extensions, the red colored area between 2.48-2.22 could be a feasible target in the following days. A break up above the channel, on the other hand, suggests that the three-bottoms pattern is still intact, and the 3.44-3.77 levels are the next targets.
NYSE:KODK
by SamerHa
1
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region. 📈 Daily chart: On the daily chart, there was a 🐻🔫 bear trap signal. I think a possible target is at $41.89. In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30. ⚡Volatility contraction 📈 Weekly chart: 📈 Daily chart: The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility. Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
NASDAQ:COINLong
by andre_007
Eth - intraday tradingDisclaimer: 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. Confluence? Yes, we are looking for that Fibonaci retreace 170.6% Fibonacci extension 1.114% Fibonacci retreace 50% Yellow trendline EMA 200 30min timeframe FVG huge green candle 6 confluences to make a trade. Its never only one thing. 15 min and day is over :) And if you are asking, is it possible that we miss our trade entry? Yes, many times. But always backtest your strategy and find why did you make a mistake. Your future decisions will be better. 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. Therefore, if the trade analys is good, we can find a place where the top/bottom of the wick will happen, place an entry buy/sell order and let the magic happen :)
E
by ETHERVAULT
1
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 :)
E
by ETHERVAULT
2
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.
by cryptodailyuk
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