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Fibonnacci

Nifty Important levels for Thursday 02.06.22Nifty continued its retracement today on 1 hour time frame, broke fib .236 but could not sustain. This trend will be continued as long as it remains below 16600 level. A downward trendline is visible, which will surely act as resistance tomorrow, if nifty opens below it, and for any opening above this line surely it will act as support. So, depending upon tomorrow’s opening we can go for trades. Any opening above the trend line with bullish price action crossing 16600 level we can enter a buy trend. 16686 will be the first level of resistance followed by 16821 and 16912. Any opening below that trend line crossing 16500 level a bearish trade can be initiated. In that case PDL may offer some resistance and then 16350, 16301 and 16227 will act as support. Nifty with Narrow CPR tomorrow, and as weekly expiry may show some volatile movements also. At the time of closing highest CE side OI is found at 17000 and for PE side it is at 16300. Again at 16500 considerable OI is present so this level could also act as a major support. According to India vix at the closing time nifty range for Thursday will be 213.
NSE:NIFTY
by rahulbora11
Bullish Shark on the 1hr BTCHello, we got a bullish shark forming on the 1hr bitcoin chart. A shark harmonic pattern has the XC .886 to the 1.13 buy area zone. However, you'll know the entry zone if the BC extension is of at least a 1.618. There it lines up with the .886 so we know that the entry for the price reversal zone is with the combination of the .886 and 1.618 BC extension and not at the 1.13 for this one. According to Scott Carney, harmonic trader, from harmonictrader.com, he states we should take at least 50% position off at the 50% retracement up from the whole bullish pattern. This is because the shark pattern, if it hits the 50% retrace profit target, that is where a bearish 5-0 pattern completes.
GEMINI:BTCUSDLong
by JackDale
1
Bullish Bat Pattern BTC 15minWith the recent rise, a bat pattern in bitcoin on the 15min has been forming. If it gets backs to the 30k level it looks to be a great pattern to look to trade. According to Scott Carney, harmonic trader, from harmonictrader.com, states the Bullish Bat pattern completes at the .886 XA retracement with in this case a complementary a 1.618ABCD extension in the PRZ. Stops below X but usually at the .886 completion it should show signs of reversal. First profit target for Fibonacci harmonic patterns is usually the 38.2% retracement of the full pattern measurements, followed by second target at the 61.8% and third at top of pattern, and fourth would be a breakout above the pattern. You can bet usually the first two targets will get hit at the very least the 38.2% if the pattern shows it is following the pattern correctly. You can set and forget these patterns but it's best to wait and be an active trader to utilize full potential of these harmonic patterns. Especially once price shows signs of going against you and your in profit. Next to remember is this will be considered a Type 1 harmonic pattern if it does complete. Type 2 means the pattern hit the targets already and will give you a second chance retest to trade the same pattern or give you a second opportunity to jump in.
GEMINI:BTCUSDLong
by JackDale
░▒₿▒░ BITCOIN FIB CHANNELS ░▒₿▒░COINBASE:BTCUSD INDEX:BTCUSD THE ONLY FIBONACCI CHANNEL YOU WILL EVER NEED FOR BITCOIN. (LONG TERM). THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".) CRYPTIK-ONE: Hey darling can we talk about Bitcoin for our followers on Trading View? EVE: Sure, that could be fun. Where shall we go? CRYPTIK-ONE: Right now I am posting a Fibonacci Channel I charted out. This Fib Channel goes back to 2017 and before. It should be the only Fib Channel that is needed to determine if we break the bottom support channel. EVE: Oh that sounds complicated. Is it? CRYPTIK-ONE: No, it is very simple. Take a look at the chart here: There are two channels outlined here. Yellow and Purple. You see the "Yellow" Fib Channel? This is the long-term Fib. Channel. If we break the bottom line which represents 100% retracement then Bitcoin is DOOMED..... At least for the time being. I would say we have a high probability of a bounce off of this line with a lower probability of breaking it to the doomed down. The purple trend line is the most recent. This one can be followed in conjunction with the yellow. EVE: Wow, I see now. CRYPTIK-ONE: The time resolution is set at 1-Month for illustration purposes, however you can save this chart and add it to your account by clicking the share icon in the botttom right of the screen and then clicking "Make it Mine" from there you can change the time resolution to fit your needs. EVE: Awesome! You are so smart. Here is a TROLL Coin for you, my sweet. CRYPTIK-ONE: Thanks. Yes and everyone keep an eye out for TROLL Coin hitting the exchanges. We are ramping this up with our ICO in the coming months. EVE: Speaking of the ICO, is the website going to be live anytime soon? I can't wait to brag. everyone there. CRYPTIK-ONE: The landing page is up. It's linked in our Bio. If I link it here the Trading View Mods will Flag this post. Anything to let our followers know before we bounce out? EVE: Absolutely! Our landing page even has a countdown timer. We are so sick of secrets on the net these days. CRYPTIK-ONE: Thanks Eve, Peace Out Girl Scout. EVE: Au Revoir!
INDEX:BTCUSD
by CRYPTIKAL_ENTERPRISES
4
Time to revisit Nvidia!Hello Friends! I’ve taken 5 positions of Nvidia from 2018 to 2020 and sold 40% on December 2021 at overbought conditions. I’ve been sitting on cash from that sale waiting for oversold conditions. I’m planning to look at how it reacts to the .236 and .382 zone. I believe the FEDs rate hikes, inflation, and potential chip oversupply from demand going down will give me an opportunity to enter positions below $165. Also that $165 target should bring down the RSI to oversold conditions. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NASDAQ:NVDALong
by MoneyFishing
5
What are you up to EOS?If you zoom out on a daily chart, EOS had quite a brutal 12 months, from braving $15 (14.9-ish) to barely worth half a bottle of Fiji water. It looked like EOS was ready to retrace a little yesterday, but I was early on volume, it was 50/50. Today however volume % is in a decent range, and general TA metrics are ripe for a retracement (again). Two things can happen at this S/R grey channel, Bulls will try to pump last minute, or a mild retracement towards 2.44. Volume profile shows the Bears dominating today, making the retracement a more likely outcome (but I'll wait a few hours to make a decision). Burdened with 2 descending channels, EOS is still eyeing 2.8 and 3-2.9 range. Both are Fibonacci levels, so it's not set in stone. Either way, channels are king on this chart. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
2
LUNA (Terra) or Terra (LUNA)?I doubt LUNA showed up on anybody's screener today, it's right in the center by most traditional TA metrics. But I think LUNA is set to become hotter than sliced bread, soon! (don't quote me) Looking at Fibonacci extension, the price is right in the golden pocket. What I'm interested to see is if LUNA will cruise along the daily Support or pursue the Ascending/Descending channels' cross. I think it'll be clear when LUNA starts to move, even a simple % change in day to day volume is a strong flag. But I'll double check, just in case it's a trap. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
CHZ Re-accumulation, next targetsCHZ is ranging since March 2021 – almost 1 year. Support at $0.20 was tested many times before it breaks and price drops at $0.16. After a couple of weeks of accumulation, price pass through $0.20 to $0.24 confirming in this way the shakeout/spring. The are some long shadow candlesticks between May and June 2021 - an indication that large traders entered the market and moved the price quick and high. Long shadows form the demand area. With the last two weeks accumulation (LTF 4H), it seems that all buying orders in the demand zone ($0.16 – 0.213) is filled. Because consolidation is forming in a long period of time, if we flip $0.80, a conservative target is at $1.50 (161.8% Fib extension) and a more optimistic at $2.36. If you go long near $0.23: Great Risk/Reward ratio: 4.58 (take profit $0.58) – 16.57(take profit $1.50) - 28.34 (take profit $2.36) Stop loss: $0.155
BINANCE:CHZUSDLong
by Rhaonnor
MY FIB SPEED RESISTANCE FAN TRADING STRAT : ) Hi! I'm xtekky and this is my tutorial on how to use the Fibonacci speed retracement tool- I used Apple (AAPL) as an example to display the tutorial. Steps: (1) Open the fib retracement section on the left bar and select the " Fib Speed Retracement Fan" (2) According to your trading style, select the timeframe I indicated in the chart - to begin with - you can then choose the timeframe you are most comfortable with. (2) Define the begin of an uptrend (after last retracement or reversal) and place your first point (3) Define the end of the uptrend (after last retracement or reversal) and place your second point - if there isn't any recent retracements / reversals, you can take previous ones or the highest recent value (4) Define the most relevant percentage (38.2% on this chart) but it may as well be another level - note that fib levels 38.2% and 61.8% are often the most relevant ones (5) Let the stock / crypto test the level once or twice to make sure it holds, you can of course jump in directly if you are confident. (6) Take Longs and Shorts in the "Channel" Advanced: (7) Use momentum reversals (Squeeze Momentum from @LazyBear is the best indicator for me) to define more precisely when to jump in - note that the price doesn't always trade in the channel, there are some false breakouts and/or the price sometimes reverses a bit further. (8) Use volume support / resistance zones (9) Include Imbalances in the prices (If the Crypto/Stock you trade has a high volatility/manipulation rate) If you want more complex tutorial, you can see a more detailed vid on the Ytb profile linked to this Tradingview account Disclaimers: !! This is not an investment advice and you shouldn't use this technique alone !! !! Never invest/trade with more money than you can afford to loose !! ------------------------------------------------------------------------------------------------------------------------------------------------------------ That's pretty much it! don't forget to ask or DM if you have any questions! If you want to follow me on this long journey ahead of us, you can support me by subbing and liking the post ! -Credits to xtekky-
NASDAQ:AAPLEducation
by xtekky
1