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Fibonancci

NVDA: Fibonacci cluster support and 200MA at 126.5. NASDAQ:NVDA : Fibonacci Cluster Support at 126.5 Sets Up Potential 10% Rally to 140 Looking at NVIDIA's technical setup, I've identified a critical support zone that could launch NASDAQ:NVDA toward a significant target if it holds. Technical Analysis The current price action shows NVIDIA testing a key support zone consisting of: - Fibonacci cluster at 126.5 - 200 Moving Average support If this support zone holds, I'm targeting the next Fibonacci cluster at 140, representing approximately a 10.7% upside potential. Entry Strategy I'm monitoring two potential entry scenarios: Aggressive Entry (15-minute chart): - Wait for 8 EMA to cross above 34 EMA - Price must break above the most recent swing high - Entry on confirmation of this break Conservative Entry (30-minute chart): - Same criteria as above but on the 30-minute timeframe - Provides more reliable signals with fewer false breakouts Risk Management Stop Loss: Place stops below the 126.5 Fibonacci/200 MA support zone (approximately 124-125) Profit Target: First target at the 140 Fibonacci cluster Conflicting Indicators My analysis shows mixed signals that require caution: 1. My WillVall indicator on the weekly chart shows a potential buy opportunity at current prices, BUT it needs to change direction and move above the 15 level before confirming a long-term entry 2. Multiple timeframe squeeze indicators (Weekly, 4D, 3D, 2D) are currently in squeeze with negative momentum, suggesting downside pressure 3. According to IBD Market School methodology, the market is showing signs of correction and the buy switch is currently OFF, indicating we should avoid new long positions Trade Plan Given the current market conditions and mixed signals: - Wait for confirmation of support at the 126.5 zone - Look for entry signal confirmation on preferred timeframe - Use smaller position size due to conflicting indicators - Set clear stop loss below support (124-125) - Target the 140 Fibonacci cluster for profit taking I'll remain patient and wait for clearer market conditions before committing significant capital to this trade. The technical setup is promising, but broader market conditions suggest caution.
NASDAQ:NVDALong
by TradeVizion
EURUSD H4 Technical Observations | FOREX BEE Looking at the EUR/USD H4 chart, here are some key observations: Fibonacci Levels: The 0.618 Fibonacci level near 1.0456 appears to be a potential bullish target if price rallies from current levels. Key Support Zone: The green support zone around 1.0200-1.0230 looks significant, where buyers may defend the area. A bounce from here could trigger upward momentum. Trendline Dynamics: The blue descending trendline may continue to act as resistance if the price moves upward, aligning with the 0.786 Fibonacci level near 1.0531. Potential Scenarios: Bullish Case: If the price sustains above the current support, it may target 1.0450 and higher levels. Bearish Case: A break below the red zone near 1.0200 could indicate further bearish pressure toward 1.0100 or lower. This setup highlights an interesting reversal or breakdown possibility. Watch for confirmation of support/resistance levels before entering trades.
by forexbeesignals
Potential Short Opportunity for BTC/USD at $61,000Overview: In this analysis, I present a short trade setup for BTC/USD with an entry point around $61,000. This idea is based on the confluence of volume profile levels and Fibonacci retracement zones. Volume Profile Analysis: The volume profile indicates significant trading activity around the $61,000 level, which suggests it as a strong resistance zone. This implies that there may be considerable selling pressure once the price reaches this level. Fibonacci Retracement: Applying the Fibonacci retracement from the swing high to the recent swing low, the 0.618 retracement level aligns closely with the $61,000 mark. This confluence adds strength to the resistance at this level, providing a high-probability short entry. RSI and ADX Indicators: The Relative Strength Index (RSI) is currently showing bearish divergence, indicating a potential reversal or pullback. The Average Directional Index (ADX) is at a high level, suggesting a strong trend which could soon see a correction. Trade Setup: Entry : Short at $61,000 Stop Loss : Above the $62,500 level to allow some room for potential volatility. Target : First target at $56,000 (next significant volume node), second target at $50,000 (support zone and 1.618 Fibonacci extension). Conclusion: This trade setup leverages technical analysis tools to identify a high-probability short entry point. As always, ensure proper risk management and adjust the trade parameters based on market conditions.
Short
by wittawatkhondee55
2
BTCUSDT | ABC wave target projection TFW +75-80K USDThis TFW wave analysis in this scenario of a 5 wave expanding diagonal structure: w.1 - completed Dec 2017 w.2 - declined @ 78.6% of w.1 w.3 - an impulse 5 wave @ extension 361.8% of w.1. w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-. w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K. Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline. Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave. Always affordable risk and respect your stop.
Long
by dukeposh
LONG on EUR/GBPYo people, I am looking at a potential long on Eur/GBP. The sentiment for Eur is risk on. If we look at the technicals, considering the Elliot wave pattern on the 4H TF we have perfectly completed 3 waves and are in a correction which is the 4th Wave. I am expecting the price to move down to 31 to 50% Fibo level which is the marked Red zone and then go long based on price action confirmation to 0.90 level which looks like the supply level. Lets wait and watch and pls comment if you agree or disagree on the Idea and lets learn together. Thanks Madtradex
Long
by Madtradex
2
Have You Seen The Potential Of OMG/USD?Welcome everyone, My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. Let's Talk OMG/USD... Both counts I'm following for OMG are corrective counts that have further downside. The difference between the 2 counts however is the short term move towards 5$ prior to dropping. So far the B wave to 5$ is shallow for a B wave and hasn't even hit the .618 so this is likely the count I'm biased towards as it is the most probable given these acknowledgements. I'm targeting the 1:1 extension because it lines up nicely with the previous support level and is a highly probable extension to get hit, so there will def. be buy interest there, however from a Fibonacci standpoint we only need to hit the .618 ext in purple. Tagging the 2.46 low for a double bottom. That leads me to my next point, I don't think the 1:1 will get tagged if the bulls defend the low of 2.46. If we break under the 2.46 with a 4hr close then It's highly likely we continue to the 1:1 ext. In summary, Longs above 2.46 seem like the strongest options for trade setups, however I'd like to see the reaction at 2.46 first and then happy to step into the trade as the upside has a great R:r. Follow, Like, Share to support the channel growth. Comment your thoughts below. Don't be shy!
KRAKEN:OMGUSDLong
by NewWave_Traders
2