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Fibonnacci

50% R2R (Circular Geometry)50% R2R (Circular Geometry) The large Price/Time Continuum Harmonic is completed, the 2.618 Arc has been reached. Is a 50% Retrace 2 Reload needed, are there any indications it will. No large Retraces have happened in Bitcoins recent rallies. Yes, minor corrections to the .236 or .386 but the last major 50% retrace was on 03/03. So yes maybe we are overdue and is this the market structure being build. Is this the third driver? and are we in for a big retracement/Correction. I doubt this strongly there is simple no reason for people to sell and Bitcoin is getting exponentially scarcer over time as more people want them. Injoy Om Sri Satoshi Ji Namah OM Sri Satoshi Mahadev! Jai! OM
BITSTAMP:BTCUSD
by FlippingABitCoin
5
ETHBTC opportunity for short positionETH had very interesting movement for the last couple of weeks and I think that the losses are not finished yet. There is a big bearish candle from 3rd of April. This kind of big candles tend to create support/resistance which is placed at 50% of Retracement of the body of the candle ( shadows doesn't count). …Yes you can apply this kind of analyze to any other big candle but this level seems to be respected for last couple of days. I marked something similar to double top where 0.04075 was hit twice with doji candle. I consider this as the confirmation for further loses. Pair is trading below 200Ema which is another signal for bearish movement. I would put SL above the green line and TP as follows: 0.030000 Most likely 0.025000 Probably 0.020000 well it is possible I would advise to open position with small stake only.
Short
by Krystiannwk
Gold - which way ??????Case for a buy - if price closes above the 9 ema , gold may be a buy towards the .618 retracement. Case for a sell - if price closes beneath the 14 ema , gold may be a sell towards an equal legs projection towards 1001. A move to the downside seems likely because i. Price has nearly made a 50% retracement. ii. Hidden divergence is present. ( it may or may not be significant). iii. That RSI ticked below 70. iii. Risk reward favours the downside. I would appreciate any assistance, with comments or ideas.
FX_IDC:XAUUSD
by Umlingo
Continuation Pattern for EURUSDAfter some indecision, last week a doji candle was formed in weekly major support level. We can now se on the daily chart some head and shoulders pattern indicating long for EU in the short term. We are expecting it to reach the 61.8 fib retracement on the green line, and then a possible downside breakout. This will probably stop at the -27% extension to then retest major levels, and continue to move to the downside. This is a long term trade, which on it's way, will leave a lot of intraday opportunities. THE OVERALL SENTIMENT IS SHORT FOR THE LONG TERM.
Long
by lluiszardoya
GBPUSD: Valid CypherOn FX:GBPUSD , there is a great opportunity to go long. The market moves sideways, which formed the valid Cypher pattern. Thus, it gives a good Risk/Ratio. However, it is better to wait the market to be opened and see Monday reactions, not to rush a trade. T1 - 38.2% T2 - 61.8% ----------------------------------------------------------------------------------------------------------------------------------------------------- Top 10 Forex Brokers List - www.best10forex.com Best Binary Options Brokers - www.binaryreviewed.com
Long
by Art_of_Trading
1
8/29/2016 WTI Oil Short - Fib levels and candle analysisHello everyone. Been a while since I traded again. I've been holding back since Brexit and trying to avoid trading with the US elections going on but started looking at charts again last week. Today I am entering short on WTI Crude Oil. I have entered at the current price of 46.94$ with a stop loss of 50$. Please use your own judgment if you trade in agreement for your entry and limits. As shown we have a traditional candle pattern of an Evening Star within the last 5 days. On top of this formation we have what may be a double top while coming down from a 76.4 Fibonacci replacement and sitting on the support of the 61.8 level waiting to break under. Not only do we have both of these going on, there is also bearish divergence in Williams %R and Stochastic Oscillator, depending on your settings for them. My stochastic is set to be the same as Williams %R on default settings. I didn't mark it on my chart but you can also see a very large volume for the week on the day of the doji candle.
FX:USOILShort
by miyako.pro
1
AUDUSDBouncing of the 141.4% Extension level on the H1, @weekly its targeting the 61.8% retracement. This is yet again another possible trend continuation area from the weekly view, ill will be watching closely for a possible inversed HH or an aggressive break of the previous HH and giving LL to find an good entry point. I will follow up this idea with posts. Im yet not in a trade, we were looking at the 50% the last time which did not held. Closely monitoring the USDOLLAR as well, if it will show weakness on the technical side #RunItUp! Im trading live on weekdays at www.twitch.tv visit my channel! Good luck guys
by UnknownUnicorn377926
EURUSD SHORT BIASHERE IS ANOTHER EXAMPLE OF WHY I CALL THIS PATTERN A STAIR CASE OR STAIRS, WHICH ENDS WITH A U SHAPE. THE RATIOS ARE: 23.6-38% RETRACE BETWEEN A STRONG MOVE, THEN A 76 % FIB EXPANSION CONTINUATION OF THE MOVE WHICH THEN GOES INTO A 38% RETRACE. AS ALL TECHNICAL ANALYSIS, THERE ARE A BIT MORE MATHS INVOLVE BUT IT'S MOSTLY EXPERIMENTAL. THE TREND ANGLE FOR EXAMPLE IS A GREAT TOOL TO UTILIZE DURING ANALYSIS, IT ASSIST IN PREDICTION WHEN COMPARING TIME PERIOD AND PRICE. HAPPY NEW YEAR, I WISH FOR EVERYONE A PROSPEROUS 2016!
Short
by DayFarrell
EURUSD: TREND IS YOUR FRIEND, Big Move !Follow the Trend, Trend is your Friend. That's the setup on FX:EURUSD 1H bars. The market makes Higher High and Higher Low. The last correction move will be finished soon and it is expected it will be retraced on red box. 1. The price is getting close to structure low, where the most of the buyers orders are placed. 2. Support level at 1.0908 (structure low) 3. Fibonacci retracement 38.2% 4. Hidden Diverge, which is a continious pattern 5. The price is dropping today, so the best level for sellers to lock their profits and buyers to step in 1.0908 area. ----------------------------------------------------------------------------------------------------------------------------------------------------- Trading Books Online - www.trading-library.com Top 10 Forex Broker: www.best10forex.com
Long
by Art_of_Trading
3