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Fibonacci Retracement

BTC1! short idea with open gap fill and catching a quick longAs you might know, open gaps have a fill-rate of 90-95%. Additionally the open CME-gap (1W-basis) has much confluence with important technical levels for support and it lies in the middle of two zones where enormous amounts of USDT-inflows came into the market. 1. the 2024-range (Q1 - Q3) 2. the 2025-range (Q1 at least) Where the new neckline also is, the new support that became resistance appeared. It might also be a good strike for smart money to know that above the biggest orderblock of 2024 support has developed more strength and consequence. So why you don't give it a try to retest it? Here a maximum of buying pressure should lead to a strong bounce of BTCUSD towards a new alltime-high, if and as long as global liquidity rises again. But if not, at least inflation should do half of the bullish job for BTCUSD and a "sideways up" would be my - historically BIASed - expectation. It begins with a shorter short. In the end it might be a very, very quick longer long because of my expectation of rising buying pressure with huge volume delta for the bulls below 78k.
CME:BTC1!
by BossmodeInvestments
2
SOL as a US reserve? Trump's new idea.Hello everyone, I invite you to a review of SOL paired with USDT over a wide interval of one weekend. As we can see, the price was moving in a downtrend channel from which the top emerged and here you can see how we are staying above this channel. We also have a visible upward trend line along which the price is currently moving to maintain the upward trend. Going further, it is worth noting that the price again returned above the support zone from $203 to $185, and below the zone there is strong support at $165, which kept the price from falling to around $142. Looking the other way, it can be seen that the price first has to face a very strong resistance zone from $238 to $261, only when it manages to break out of it, the path towards $300 will open.
Long
by cryptodailyuk
GOLD → Realization of consolidation and retest of resistanceFX:XAUUSD is testing a rather important resistance, a break and consolidation above which will open the way to 2721 - 2726. Technically, gold has entered the buying zone, and the fundamental background supports it Gold was supported by weak US inflation data, dollar correction and adjusted expectations of Fed rate cuts, as well as hopes for stimulus in China. Traders' attention shifts to December retail sales and jobless claims in the US. These data will help clarify the Fed's monetary policy outlook. Weakened dollar and lower bond yields support the current growth of gold. Technically, all eyes are currently on the uptrend and resistance at 2697.8 Resistance levels: 2697.8, 2700 Support levels: 2690, 2678 If gold can consolidate above 2697-2700 and the bulls hold the defense above this zone, we should expect growth in the short and medium term. But do not forget about the news that will be published later. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
XLMUSDT → High readiness for a bull run to 0.6100BINANCE:XLMUSDT is ready to move into the realization phase after coming out of a strong accumulation. The market is struggling for a strong buying zone. The coin, technically, is ending its correction. The price is gradually updating highs and breaking intermediate resistance levels, but the key factor is the exit from the medium-term consolidation and breaking the resistance of the descending channel formed on H4. If the bulls hold the defense above the key support zone 0.46 - 0.452, we can expect growth in the medium term. In addition, the rising bitcoin and the approaching Trump inauguration can be good drivers for the cryptovalt market. Resistance levels: 0.486 Support levels: 0.4605, 0.4522 Thus, the focus is on the consolidation of 0.486, 0.46. A break of resistance will activate the rally. False break of support and consolidation above the level will also be a good signal that the bulls are quite aggressive. Regards R. Linda!
Long
by RLinda
3
GOLD → Uptrend, price depends on CPIFX:XAUUSD continues to form an uptrend on the local and medium-term timeframe. The price is again testing strong resistance on H4-D1 and is showing signs of readiness to rise to 2700-2750. The PPI report was a bit of a surprise and a small driver for the markets, including gold, as the dollar moved into correction. CPI is ahead and bets are high on the report as it could change the market's assessment of the prospects for a Fed rate cut this year. A strong CPI could add pressure on gold, while a weak report would support the bulls.Hawkish Fed rates are supported by the premise that Trump, who begins his second term next week, is likely to fuel inflation with his protectionist policies. Technically, there is an area of volume density and order block ahead, which could trigger a small pullback to support from which upside could continue. Support levels: 2678, 2674, 2669 Resistance levels: 2690, 2697, 2703 But, in the short (mid) term everything depends on the news. CPI is ahead and with weak data gold may go on a bull run, but strong data may stop the growth and turn the metal around. Focus on key levels! Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
EURJPY → The fall may continue after the correctionFX:EURJPY is under pressure. The currency pair is breaking the local uptrend. Technical and fundamental background is weak, which in general can put pressure on the market. Globally, the currency pair has no trend and is trading within the range of 166 - 156. The last growth attempt was unsuccessful, the price could not approach the intermediate maximum and facing a strong bear the price turned around and fixing below the SMA headed to the lower boundary of the flat. Locally, the change of character to bearish is confirmed, but before further fall the price may form a correction, for example, to 0.5 Fibo (imbalance zone), or to local zones of interest, but in the medium term the fall may continue. Resistance levels: 162.3, 163.1 Support levels: 160.9, 159.8 A false breakdown of local support is formed, which may lead to correction, but since we have confirmation that the market is bearish, after the correction the fall may continue. Regards R. Linda!
Short
by RLinda
1
SOLANA → Will a false breakdown be the cause of the rally?BINANCE:SOLUSDT is testing a previously broken downtrend boundary as part of a correction. Bulls are employing aggressive methods to keep defenses above key support ahead of Trump's inauguration, keeping hopes high On the weekly timeframe, the market is supported by SMA50 support indicating a strong uptrend. The focus is on two strong levels: 204.75 and 175. These are the boundaries of the current range. A breakdown of any of the boundaries will play a key role in further price movement. But I consider the realization of resistance as a priority. On D1 yesterday a false break of strong support was formed in the form of previously broken downtrend resistance. This indicates that the market is still in a bullish plane and on the background of upcoming important news this could have a favorable impact for the coin. Resistance Levels: 203-204 Support levels: 183, 175 If the price starts to retest the support at 175 and form a consolidation with a gradual downward compression, the risk of breaking the bullish pattern will increase. But, based on fundamental data, I expect a consolidation above 183 and further growth Regards R. Linda!
Long
by RLinda
12
SWING IDEA - JIO FINANCIAL SERVICESJio Financial Services , an emerging force in the financial sector, exhibits signs of a potential upward move, presenting a swing trading opportunity. Reasons are listed below : Strong Support Zone at 300 : This level has proven to be a strong support, enhancing the likelihood of a bounce. Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern indicates potential reversal and buyer interest at lower levels. 0.5 Fibonacci Support : The price is aligned with the 0.5 Fibonacci retracement level, suggesting that it could act as a springboard for further upward movement. 50 EMA Support on Weekly Timeframe : Trading above the 50 EMA adds to the bullish outlook and provides an additional layer of support. Target - 360 // 385 Stoploss - weekly close below 295 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JIOFINLong
by Visionary_Growth_Insights
1
SWING IDEA - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals. Reasons are listed below : Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum. Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest. Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend. 50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment. Volume Spike : A significant increase in trading volumes highlights growing investor confidence. Target - 1190 // 1380 Stoploss - weekly close below 825 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:PNBHOUSINGLong
by Visionary_Growth_Insights
GBPUSD → False breakdown can cause growthGBPUSD is bumping into the support of the local descending channel after a rather strong fall. The fundamental background has changed a bit, which in general gives a chance to the forex market On the weekly chart the price is testing the strong level of 1.211 against which a double bottom is formed on a global scale. But this does not indicate a change in the global trend, no, it is just a hint of a possible rebound, but we need to watch the price reaction to this area. The PPI that was released yesterday slightly disappointed dollar buyers, which supported the forex market and we see a small correction. CPI is ahead, which may also support the market Resistance levels: 1.2217, 1.235, 1.2488 Support levels: 1.213 If the bulls keep the price above the nearest resistance at 1.2217, it will give the price a chance to strengthen to the nearest resistance or to the channel resistance. Regards R. Linda!
Long
by RLinda
7
GOLD → What could trigger a fall?FX:XAUUSD is forming a false breakdown of the key resistance and as a consequence - passes into the phase of realization of the bearish pattern “Wedge”. If the general background persists, the price will be able to update the lows.... On the back of upcoming inflation data (PPI and CPI), traders have reduced expectations of a Fed rate cut to one this year. Forecasts point to a rise in PPI, which could strengthen demand for the dollar and cause a correction in gold prices. However, the weak data has the potential to push gold to $2,705. Additionally, markets are watching Trump's policies and the possible introduction of new US tariffs, which could affect the dynamics of gold. Despite inflation risks, the metal has corrected from a one-month high, remaining a key hedge against inflation. Technically, we have a correction forming after a false breakdown. Quite an important phase in the market. If the bears can keep the price below 2675 - 2681, the decline will continue in the short to medium term. Resistance levels: 2675, 2681, 2690 Support levels: 2667, 2656 At the moment the price is testing 0.5 fibo, on the background of the secondary retest the zone can be broken (I do not exclude a false breakout and consolidation below 0.5 fibo, which will also lead to a fall) and the price will head to the retest of the imbalance zone, which can put pressure on gold. The most likely scenario is a retest of the zone of interest 2675 - 2681 before further decline Regards R. Linda!
FX:XAUUSDShort
by RLinda
31
ETC/USDT - 1W interval Chart Hello everyone, I invite you to review the ETC pair to USDT chart, taking into account the interval of one weekend. As we can see, the price is currently in the support zone from the level of $25.60 to the level of $24.27, but if the zone is broken, we still have visible support at the level of $21.85 and then we can see a drop to the level of $17.55. Looking the other way, when the trend reverses, the important resistance level is $29.35, then the resistance level is $33.30, and the next significant level is $36.26.
by cryptodailyuk
S&P ES Short setup target 5811 / Put SPY target 574Fibonacci technical analysis : S&P 500 E-mini Futures ( CME_MINI:ES1! ) has already found resistance at the Fib level 78.6% (6057.75) of my Down Fib. Last Daily candle (Jan 7) has closed below retracement Fib level 38.2% (5963.75). My Down Fib guides me to look for CME_MINI:ES1! to eventually go down to hit first target at Fib level -27.2% (5811.50). S&P CME_MINI:ES1! – Target 1 at 5811.50, Target 2 at -61.8% (5731) and Target 3 at -78.6 (5691.75) Stop loss slightly above the 50.0% retracement Fib level (5991.25). Option Traders : My SPY AMEX:SPY chart (Down Fib from 602.48 to 580.50) shows price to go down to Target 1 at -27.2% (574.52), Target 2 at -61.8% (566.92) and Target 3 at -78.6 (563.22) Stop loss slightly above the 50.0% retracement Fib level (591.50).
CME_MINI:ES1!Short
by rose_excellence
Nasdaq NQ Short setup target 20,677 / Puts XND target 205.18Fibonacci technical analysis: Nasdaq 100 E-mini Futures ( CME_MINI:NQ1! ) has already found resistance at the Fib level 78.6% (21,870) of my Down Fib. The January 8th Daily candle has closed below retracement Fib level 38.2% (21,414.50), and today’s Daily candle (Jan 8) has re-tested 38.2% resistance level further confirming sell signal. My Down Fib guides me to look for CME_MINI:NQ1! to eventually go down to hit first target at Fib level -27.2% (20,677). Nasdaq CME_MINI:NQ1! – Target 1 at -27.2% (20,677), Target 2 at -61.8% (20,287) and Target 3 at -78.6 (20,097) Stop loss slightly above the 50.0% retracement Fib level (21,547.50). Option Traders : My NASDAQ:XND chart (Down Fib from 218.38 to 208.00) shows price to go down to Target 1 at -27.2% (205.18), Target 2 at -61.8% (201.59) and Target 3 at -78.6 (199.85) Stop loss slightly above the 50.0% retracement Fib level (213.19).
CME_MINI:NQ1!Short
by rose_excellence
GOLD → False or true resistance breakout?FX:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel and symmetrical triangle. The struggle that has not ended creates risks for both buyers and sellers. Economic problems in China and Trump's policy risk continue to support gold. Inflation expectations are rising amid rising oil prices and the outlook for trade policy in the US. Friday's NFP report showed strong employment growth, making it less likely that the Fed will significantly cut interest rates in 2025 Traders' attention is also focused on CPI data to be released on Wednesday and its impact on future Fed policy. Resistance levels: 2690, 2700 Support levels: 2685, 2678, 2665 At the moment, the price is in consolidation above previously broken resistance. If there is no bullish momentum and the price makes a false break of the channel resistance, in that case gold may go down to 2678 - 2665. BUT, a break of the local downside resistance could trigger buying and upside to targets: 2700 Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
GOLD → Paranormal growth on the back of strong NFP...FX:XAUUSD is rising with the dollar and strong NFP data. Those who shouted that the metal is ceasing to play the safe haven function are very much mistaken :) The surprise of rising NFP data and rising gold, which is not specific in this context, surprised the market quite a lot. After all, rising data points to a more hawkish stance of the Fed and generally medium-term policy in the US. But based on the environment, we can say that gold is rising because of the risks of the policy of Trump, whose inauguration will be held on January 20. Now all eyes are on the US Inflation data. The upcoming week, will be quite interesting. Technically: GOLD is breaking the consolidation resistance (symmetrical triangle) and is trying to consolidate above this boundary. Most likely, the struggle will continue and the price may test the previously broken figure boundary or liquidity zone 2675 - 2664, which will determine the further development of events. Resistance levels: 2698, 2721, 2750 Support levels: 2675, 2665 The situation is quite unstable, as there are too many factors putting pressure on the prices. Accordingly: if after the retest the bulls are able to keep the price above 2680-2690, the growth may continue in the mid-term ( till January 20 approximately ). But! If the bullish structure will be broken and bears will start to keep the price below 2680, it can provoke correction to 2665, 2650. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12