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Fibonnacci

MRNA harmonic 886 retracement. Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new pattern — called “the Bat” — which used what I was calling a “deep 0.786 retracement.” I told him that executing at the 0.786 without regard to the structure was a critical mistake. Besides, the 0.886 retracement, when used in the correct pattern structures, reduced the amount of risk in previously “undifferentiated” Gartley set-ups by 10 percent." old.harmonictrader.com I hope you enjoy the TA.
NASDAQ:MRNALong
by ryanmwing90878
EURJPY Bullish BiasEURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200. Main Scenario: If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2. Note: Technical indicators display slight bearish divergence on lower timeframe warranting caution. Alternate Scenario If the price breaks and consolidates below the pivot, we can expect bearish price movement towards 136.824.
Long
by DennisDims
BTC (Bitcoin) - 15 Min - CryptoUpdateAs of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport, #fakeout (or aka #liquiditygrab or #stoprun) before the bigger corrective wave (c) of #waves begins. Link to Previous 1hr chart: https://
COINBASE:BTCUSD
by ElBichotedelosGraficos
Fibonacci Analysis - Part 1 A. Fibonacci Series 01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers. 02. The Fibonacci sequence is as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, … B. Properties Of The Fibonacci Series 03. The series extends to infinity. 04. Divide any number in the series by the previous number; the ratio is always approximately 1.618. For example: 610/377 = 1.618 377/233 = 1.618 233/144 = 1.618 05. The ratio of 1.618 is considered as the Golden Ratio. 06. Further into the ratio properties, one can find remarkable consistency when a number in the Fibonacci series is divided by its immediate succeeding number. For example: 89/144 = 0.618 144/233 = 0.618 377/610 = 0.618 07. Similar consistency can be found when any number in the Fibonacci series is divided by a number two places higher. For example: 13/34 = 0.382 21/55 = 0.382 34/89 = 0.382 08. Also, consistency is when a number in the Fibonacci series is divided by a number 3 places higher. For example: 13/55 = 0.236 21/89 = 0.236 34/144 = 0.236 55/233 = 0.236 C. Fibonacci Retracement 09. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices. 10. Whenever the stock moves either upwards or downwards sharply, it usually tends to retrace back before its next move. 11. ‘The retracement level forecast’ is a technique that can identify up to which level retracement can happen. 12. Fibonacci retracements are movements in the chart that go against the trend. 13. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction. 14. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 15. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. 16. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. 17. Unlike moving averages, Fibonacci retracement levels are static prices. They do not change. 18. Because these levels are inflection points, traders expect some type of price action, either a break or a rejection. 19. The 0.618 Fibonacci retracement that is often used by stock analysts approximates to the "golden ratio". D. How should you use the Fibonacci retracement levels? 20. Think of a situation where you wanted to buy a particular stock, but you have not been able to do so because of a sharp run-up in the stock. 21. The most prudent action to take would be to wait for a retracement in the stock in such a situation. 22. Fibonacci retracement levels such as 61.8%, 38.2%, and 23.6% act as a potential level up to which a stock can correct. YASER RAHMATI
Education
by yaser_rahmati
PRZ as AB=CD pattern on EURUSDGood morning traders! Hope you got a happy 4th of July. There was this scenario that I saw yesterday, but I didn't think it would actually happen that EURUSD would fall a lot. I guess everything can happen in the market. There's an AB=CD pattern as 0.382 retracement and 2.24 projection that coincides a little bit with the price lenght and the time leg. It just hit and for AB=CD patterns I won't expect the price to fall further from the theorical entry point, so it could be low the SL but not that tight. TP price would be the green line. Good luck in the markets. Check related ideas so you can see my trading strategies on eurusd. Do you have any other thoughts on EURUSD? Let me know on the comments.
Long
by pinoso
1
Bounce zone 1160s, Target 1340sBased on the previous fib and the trendline support of in the CMF, can expect a bounce here at 1162 (0.5 fib) to complete wave 4 of the developing diagonal (count not labeled but this is likely corrective B of bigger downtrend). If bounces at 1160s I’d expect 1 more leg up to complete 5 of diagonal at 3400s (1.272). Same as 3 extended from 1. After 1340s will likely see a new low unless market squeezes and continues off the diagonal (I.e. unless it becomes a leading diagonal).. I don’t think the bigger corrective count is complete though, and will need to pullback to at least test support at the old resistance formed from the triangle preceding the bounce. That is the trendline under the current price/ bounce zone. Will re-evaluate if it makes it to 1340s
COINBASE:ETHUSDLong
by JabezDolz
3
BITCOIN - 4H⏱Hello to all members of TradingView and my followers. With a good return from the $ 18,000 range, Bitcoin showed that this level of support could prevent further bitcoin losses for at least a few days. The reversal is strong, but to get higher, at least in the 4-hour timeframe, the $ 23,000 resistance needs to be broken, so we can expect Bitcoin to take a short-term uptrend. By breaking the downtrend line and turning this level into support, Bitcoin will likely have another uptrend to the resistance of the $ 22,000 price channel. If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
by MonoCoinSignal
15