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Fibonacci Retracement

HBAR ready to make a new Higher High?Is #HBARUSDT ready to make a higher high? Here’s how this trade could unfold: When the daily candle closes above the resistance line at 0.0596, we will have an official higher high. The first target (wave 1) is around the 200 EMA at 0.0729. After a retest of the resistance line (wave 2), which will then become the support line, the next target (wave 3) is between the 1 and 1.6 Fibonacci levels at 0.0929 - 0.1115. We may then see a retracement (wave 4) to the 0.382 Fibonacci level at 0.0994. The final leg (wave 5) will push to a new high above the top of wave 3. REMARKS: • It is important to emphasize that any information or content you encounter here is not intended as financial advice. We want to make it clear that we are not authorized or qualified to provide personalized investment advice. Our content, including ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, should be viewed strictly as informational, entertaining, or educational material. • We emphasize that you should not construe the information provided here as personal investment advice or as a recommendation to take specific investment actions. It is crucial to conduct your own research, consider your individual financial circumstances, and consult with a qualified financial professional before making any investment decisions. • While we aim to provide accurate and reliable information, we cannot guarantee the absence of errors or inaccuracies. Therefore, it is recommended to independently verify any information provided and exercise your own judgment when using it for decision-making purposes. • Please be aware that any actions you take based on the information found here are done so at your own risk. We disclaim any liability for the consequences of your actions or decisions stemming from the information presented. • Our intention is to provide helpful information that can contribute to your overall understanding and assist you in making better-informed decisions. However, it is essential to exercise caution, seek professional advice, and take responsibility for your investment choices. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade.
Long
by seoco
American Airlines AAL approaching an important level AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then consolidated in a tight range and then a retracment trend up. Price has reached the top of the high volume area of the volme profile. It is near to the standard Fibonacci retracement zone tooled onto the chart. This zone from above rejected price on March 7 and 8. AAL has had news of late about baggage problems but then came the news about an agreement about expansion and remodeling at O'Hare in Chicago. I will watch AAL here, it make break through the zone and then rise as much as 5%. However, it could be rejected and 5% into its support based out during the consolidation.
NASDAQ:AALLong
by AwesomeAvani
3
EURUSD → Resistance Retest. A rebound or a breakthrough? FX:EURUSD is testing the resistance of the local correction, and instead of the expected rebound, I am waiting for an attempt of a breakout with the aim of further growth to 1.12757 on the background of the expected fall of the dollar.... There is important news ahead that traders have been waiting for months. A rate cut. And the question is no longer “when?”, but “by how much?”. 25 basis points or 50 ... But before that traders will have to endure Retail Sales, CPI, FOMC, which may also have an impact on both the market and the Fed. Technically, the focus is on the resistance of the range, 1.112. The market is likely to fight for this zone, a correction is possible, but a gradual retracement and retest will increase the chances of a breakout. If the bulls hold 1.112, it will open the way towards ATH! Resistance levels: 1.112, 1.12 Support levels: 1.1099, 1.1072 Globally the trend is bullish, on D1 the price is coming out of the correction phase and continues the upward movement. The news may have a big impact on the market, which will shape both medium and long term prospects... Targets are indicated on the chart Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
11
USDCHF → Dollar rebound changes the local situationFX:USDCHF after a shakeout returns to range resistance amid the current downtrend. The dollar index is rising and many don't realize what's going on.... DXY failed to overcome the critical and psychological level of 100.0. The yield on 10-year US government bonds did not fall after the rate cut, but even rose to 3.74% from 3.6%. Strange divergence between currency market expectations of rate cuts and debt market expectations of rising yields. The expectations of traders/investors on the background of interest rate cuts did not come true and in the future we should expect a deeper rebound of the dollar considering the fact that GDP data and Powell's speech are ahead. The currency pair is currently forming a local resistance at 0.8517, the breakdown of this zone will give an impulse to the trend resistance, which will determine the further situation. Either the rebound or the price will go higher, to deeper zones of interest. Resistance levels: 0.8517, 0.856, 0.8616 Support levels: 0.843, 0.837 The trend can be considered broken and confirmed bullish after the price fixation above 0.875, currently bearish. It is worth forming your strategy on this fact Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCHF ;) Regards R. Linda!
by RLinda
1
Fibonacci Retracement ExplainedWhat Are Fibonacci Retracement Levels? In simple terms, Fibonacci Retracement Levels are horizontal lines on a chart that represent price levels. These price levels help identify where support or resistance may likely occur on a chart. Each retracement level corresponds to a specific percentage, indicating how much of a pullback has taken place from a previous high or low. These percentages are derived from the Fibonacci sequence and include 23.6%, 38.2%, 61.8%, and 78.6%. Although not an official Fibonacci ratio, the 50% level is also commonly used. This indicator is useful because it can be drawn between a high and a low price point, creating levels that indicate potential retracement areas between those two prices. The basic Fibonacci Retracement amongst many trading platforms would normally look like this: While this is okay, I would recommend changing the settings to my suggested format to improve clarity and comprehension. The revised version would look like this: To copy this, the revised Fibonacci Retracement Settings are bellow: By doing this, it shows you the “Golden Zone.” This spot is considered one of the most important areas because price often pulls back into this zone right before “extending” in a bullish pattern. >>>>>NERDY INFO AHEAD<<<<< Calculating Fibonacci Retracement Levels The origin of the Fibonacci numbers is fascinating. They are based on something called the Golden Ratio. This is a sequence of numbers starting with zero and one. Then, keep adding the prior two numbers to get the third number. This will eventually produce a number string looking like this: • 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987...with the string continuing indefinitely. Fibonacci retracement levels are derived from the Fibonacci number sequence. As the sequence progresses, dividing one number by the next number yields 0.618, or 61.8% (233 divided by 377 gives you 0.618037. Divide a number by the second number to its right; the result is 0.382 or 38.2% (233 divided by 610 gives you 0.381967. All these ratios, apart from 50% (which is not officially part of the Fibonacci sequence), are calculated based on relationships within this number sequence. The golden ratio can be found in various places in nature as well. This includes spiral patterns of seashells (like nautilus shells), the arrangement of leaves on a plant stem, the petals of certain flowers, and the structure of pinecones; it's also often observed in art and architecture, such as in the proportions of the Mona Lisa and the Parthenon, where artists intentionally incorporated it for aesthetic appeal. Now, as you can tell, the Fibonacci isn’t just some lines and numbers someone made up. It’s in everything you encounter. It’s on charts. It’s in nature. It’s in geometry. It’s even in HUMAN DNA. Fibonacci Retracements vs. Fibonacci Extensions Remember when I said, “price often pulls back into this zone right before extending in a bullish pattern.” ??? That’s because Fibonacci Retracement, sometimes confused with Fibonacci Extension, is the act of price level pulling back to the Golden Zone. The Fibonacci Extension is when price level continues to move in a bullish pattern after pulling back to the Golden Zone. For example, if a stock goes from $10 to $20, then back to $13. The move from $20 to $13 is the retracement. If the price starts rallying again and goes to $30, that is the extension. Limitations of Using Fibonacci Retracement Levels While the retracement levels suggest potential areas for support or resistance, there’s no guarantee that the price will reverse to these levels. This is why traders often look for additional confirmation signals such as price action and patterns. A double bottom in this Golden Zone coupled with an RSI divergence is a very good indication the price will move after entering the Golden Zone. !!!Fun Fact!!! Fibonacci retracement levels were named after Italian mathematician Leonardo Pisano Bigollo, famously known as Leonardo Fibonacci. However, Fibonacci did not create the Fibonacci sequence. Instead, Fibonacci introduced these numbers to western Europe after learning about them from Indian merchants. Some scholars suggest Fibonacci retracement levels were formulated in ancient India between 700 BCE and 100 AD, while others estimate between 480-410 BCE.2 Cheers everyone!!! Happy Trading 😊
Education
by TaylorDeMario
$JPM 65m Analysis (Continuation)What's up everyone, I'm back with some quick update on $JPM. Quick fact: The 65-minute chart has 6 evenly sized candles (65 x 6 = 390, amt of mins per day). Based on our previous analysis: - NYSE:JPM has bounced off the 0.618 bullish Fibonacci on the 65-minute chart at $204.11 - Price Target of $225.48 at 0.0 (assuming we continue the bullish trend) - Stop Loss of $194.36 at the 0.9 bullish Fibonacci The price is currently up 2% from when we first analyzed the stock and 3.85% from the last time it touched 0.618. If you're in the play, stay the course, move your stop loss to 0.5 Fibonacci if you want to decrease your risk. If not, hold on. I'm not in the play.
NYSE:JPMLong
by Brandonthrives
GOLD → Testing the highs. News ahead. What's next?FX:XAUUSD is getting shaken on the background of dollar growth on Monday. A false breakdown is forming relative to last week's high. The trend is bullish, but before the strong news there may be a minute of panic.... Yields on 10-year U.S. Treasury bonds are rising on the back of falling interest rates, boosting the U.S. dollar. This is an unpredictable scenario, because something is not going the way everyone was expecting. Further movement depends on the Euro and US PMI data. If the PMI will again cause fears of recession in the world, the recovery of the US dollar, will change the local structure of the markets, which will cause a new correction in the price of gold from record highs. Also the focus on the escalation of geopolitical tensions in the Middle East... Resistance levels: 2625, 2631, 2650 Support levels: 2614, 2602, 2589 Technically, a correction may follow from 2625 as locally there are preconditions for panic on the background of approaching news. Traders may resort to profit taking, which will contribute to the correction. BUT, if gold continues its active recovery, a break of 2631 will open the potential for a rise to 2640-2650. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
ETC/USDT 1D Chart Hello everyone, let's look at the 1D ETC to USDT chart, in this situation we can see how the price has broken out of the downtrend line. Let's start by setting goals for the near future, which include: Target 1 - $19.43 Target 2 - $20.10 Target 3 - $21 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $18.79 SL2 = $17.76 SL3 = $16.72 Looking at the RSI indicator, we see as we again exceeded the upper limit of the range, which may translate into limiting further growth.
by cryptodailyuk
Fibonacci resistance acts up but can it stop Nifty?With lot of large caps picking up pace and delivering this week, Nifty has broke a lot of shackles and had a free run specially on Friday. Can it gallop further is the question. Nifty certainly can as large caps are acting up to the task. Companies like M&M, Kotak Mahindra, HDFC Bank, Bajaj Twins and even Maruti Suzuki and lot of other large caps are supporting it. On Friday PSUs, Mid-cap, Small-caps and other sectors such as defence which had become laggards are also trying to turn positive but word of caution here is that important fibonacci resistance level of 25852 has come into play now. The same is also the trend top. This means 25852 will be difficult to cross. If at all that is crossed next Fibonacci resistance will be at 25951. Support levels for Nifty will be at 25684, 25615, 25551 and 25494 levels. Trade cautiously with proper stop losses and trailing stop losses in place specially in case of Mid and Small cap stocks.
NSE:NIFTY
by Happy_Candles_Investment
GOLD → The shakeup after the rate cuts... What's next?FX:XAUUSD updates high to 2600 and then experiences a shakeout. Traders held the 2550 area and are currently trying to recover losses by testing the upper end of the range.... The Fed announced a 0.5% rate cut, bringing the interest rate to a range of 4.75%-5.0%. Why 0.5 and not 0.25? The Fed chief said that 0.25 poses threats to the economy that can no longer be allowed to... The gold price failed to capitalize on the sharp Fed rate cut, updating the ATH to 2600 the price headed down to the 2560 - 2550 liquidity zones. Traders are waiting for data on jobless claims and existing home sales to assess the state of the economy as a whole, the news may set the course for a correction or strengthen the general background, which will affect further growth Technically, the price approached the resistance rather quickly, which increases the chances of a bounce or a false breakout. The focus is on 2588- 2585. If the bears hold this area, the price may decline to the area of interest before rising. Resistance levels: 2585, 2588, 2600 Support levels: 2566, 2559, 2550 The overall bullish market structure is clearly visible on D1. Traders, after the rate cuts, need to take a breath and wait for additional confirming signs.... For today, the focus is on the trading range indicated on the chart... Rate, share your opinion and questions, let's discuss what's going on with ★ XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
37
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideBitcoin can go up to 65k to complete the wedge, but every uptrend has to be corrected, that's the nature of the market . if wedge broken i expect the price can falling to 61K ! And we have to wait for failure so that the wedge is not broken, as if there is no wedge! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
Will XAUUSD Bounce or Slide?Hello Traders! As we saw Yesterday Market was very volatile and taking sl's and giving profit! Today's market could be more volatile then yesterday. as the market is now at 2586 level if XAUUSD gives closing at 2592 then we should be considering buy the strong resistance at 2592 - 2593 will bounce it towards 2600 and if 2600 breaks then it would go more up to the level 2608 by retesting the level 2595, or it does'nt breaks it then move to selling because that area would be so hard for gold to breaks, and theres also an evidence of buying because the market gives a wicks towards 2570 and closes at 2576. Further more, for sellers if market did'nt gives closing above 2592 then we can consider selling for sure first we sell and take our tps at the level of 2577 2576 then we wait here and look what market will do if it breaks it then add more sell entries to the level of 2566 2563. that's it for today! selling is powerful for tomorrow lets see i'll update you guys as soon as i can. like or follow if you guys like my idea!!
OANDA:XAUUSD
by sabellaFX
GBPUSD → A change of sentiment. What happened?FX:GBPUSD is moving into a flat phase, possibly into counter-trend correction on the background of locally changed sentiment, formed by the fundamental background of Thursday / Friday, the dollar is growing on this background. The currency pair is forming a bull market wave on D1-W1. On D1, a clear transition from bear market to bull market is formed, which is confirmed by the breakdown of the structure and smooth confirmation by the subsequent impulse. The fundamental background is (temporarily) negative, there is no news for the next two days, respectively, the sentiment from last week remains. Technically, the zone of interest for MM is the support from D1 at 1.3044. On H1 we have a strong liquidity zone ahead, which may trigger a primary pullback to the equilibrium zone before a subsequent decline to the key support and liquidity zone. Resistance levels: 1.314, 1.3163 Support levels: 1.3088, 1.3081, 1.3044 Buyers decided to refrain for the time being, shorts on the currency pair are increasing on the background of the dollar growth. Ahead is an important event - CPI, PPI, as well as the Fed rate meeting on September 18. By this time the market may be neutral Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
6
EURCAD → One step away from a rally. High chance to break 1.5100FX:EURCAD exited from the accumulation of the “descending triangle” format, which is a favorable signal for the continuation of the trend. A promising bullish structure is forming on W1. Euro, despite the ECB interest rate cuts, is growing and the growth is mostly related to the dollar, which is falling after Friday's news of PPI and Initial Jobless Claims. Now it is not the fact of the action itself that is being discussed, but how much it will be cut... Technically, the currency pair is consolidating in front of the global resistance at 1.51000. The strong level has been holding the market in the bearish zone for several years, but the fundamental background gives a chance to break and move into the realization and growth phase. Resistance levels: 1.5051, 1.51000 Support levels: 1750238, 1.4935 The primary reaction at 1.505 may end with a rebound, but most likely the bulls will manage to keep the defense above 1.5023 - 1.505, which may have a very favorable impact on the further growth of the trend. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;) Regards R. Linda!
Long
by RLinda
8