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Fibonnacci

USD/JPY - Expect Buyers above 156.78The Primary trend in the Dollar-Yen 4hrs timeframe is still Bullish, we can see a completed Bullish wave structure. If we apply the trending market truth it says the trend will not change easily. Also, a reversal is not a trend change. What we can see is normal behaviour in a trending market, the price has become too high at the Momentum high (5), the buyers took profit and we saw a strong decline. The play is to buy if the price trades above 156.78, this is the price point that confirms the last Bullish run. The Minimum Target is 159.02. Stop Loss is 156.05
Long
by Charts247TradingAcademy
$TSLA not done going higher. $320-$330 by July 24. GET LONGSo we already know that Tesla deliveries came in 9000 more than what was expected, 438,000 expected verse 447,000 that Elon Musk posted on Twitter a couple weeks ago. Last quarter earnings per share of $.47 was slightly missed, and on July 23 they’re expected $.60 per share earnings. So IMO, That could indicate that even a slight earnings beat on revenue and earnings, would propel the stock to complete wave three at 2.618 Fibonacci level. never mind, the whole Robo-taxi delay, which caused an 8% decline on Thursday along with the rest of the Big tech Nasdaq. I don’t think robotaxi is realistically a factor in their valuation just yet.
NASDAQ:TSLALong
by jgeno
3
Long $ENPH till day after earnings report July 24.There’s is a huge lift for all battery and renewable energy companies right. For example, META hired Evercore EVR, to the tune of $54B to build out 11 square mile solar powered data storage facilities for its push into A.I., which requires a lot of energy to run AI.So there’s a ton of money from the large cap MAG 7 companies going into this industry right now. Based on the volume profile and the fib levels already breached, i would easily believe if ENPH just slightly beats rev & earnings, and has decent guidance.
NASDAQ:ENPHLong
by jgeno
4
ICP/USDT Trading ScenarioAmid the negative news about Bitcoin, the price of ICP significantly declined, falling from a local high of $20.937 to $5.837, a drop of over 71%. The asset's price chart has fallen below the 0.75 Fibonacci level, which is often interpreted as a favorable buying zone. From the perspective of volume profile, the area of interest for market participants is significantly higher, in the range of $13.041. Currently, there is a positive reaction from buyers at the $5.837 mark, as evidenced by the formation of a daily pin bar. This signal could indicate a potential trend reversal and the beginning of an upward movement, as a pin bar typically signifies a change in market sentiment.
by Rick_SimpleSwap
Gold sellGold could possibly be a sell setup as in previous days gold has shown us good opertunity of shoring the pair it has given a high voulme marked candle lastly if price Breaks that candles high and sustains over it we will put our buy orders if price shows us some bearish gesture as in current candle anyone can imagine a long entry but it will be too early to decide as market is in decisive phase and as early as we can get a bullish or Bearish signal we will be having a ride over
OANDA:XAUUSDShort
by Wakeel_Saab
USD/JPY - Bullish Trend ContinuationThis morning, the focus is on the Dollar-Yen pair. The bullish trend is evident across all timeframes. Yesterday, we observed a strong break of the reversal structure at 161.269 after reaching a momentum high of 161.95. This break is crucial for the continuation of the bullish trend. Following the break, a bullish pattern has formed, and the price has moved into the Fibonacci buy zones of the initial move. Given this setup, the high probability action is to buy or do nothing above 161.57. Stop Loss: 161.14 Target 1: 162.35 Always think in probabilities.
Long
by Charts247TradingAcademy
USDCHF: Key Level Rejection, Fibonacci Retracement ExpectedPrice recently broke out of the daily (D) descending channel. It then pushed up to meet the daily (D) 50% Fibonacci retracement level, converging with resistance. Price then rejected this level and pushed down to retest support before breaking out of the four-hour (4H) downtrend line, suggesting strong bullish momentum. Price then pushed up and reached the daily (D) key level and converged with yet another 50% Fibonacci level. Price has proceeded to reject this level, highlighting temporary reversal and suggesting a possible retracement. I expect price to temporarily retrace to around the 38.2% level before continuing to the upside. **Rationale:** **Rationale:** ~ (L1): Breakout of channel (D) ~ (L2): Retest of support (D) ~ (L3): Break of trendline (4H) ~ (L4): Retest of support ~ (L5): Fib retracement convergence + Rejection ~ (F1): 38.3% Fib retracement **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
USDCHF: Recent Trendline Breakout, Temporarily BullishPrice has recently broken out of the (D) descending channel. It then pushed up to meet the (D) 50% Fib retracement level and proceeded to the downside to retest support. The price has now broken out of the (4H) downtrend line. I anticipate the price will retest and reject this level of support, and temporarily continue to the upside. **Rationale:** L1: ~ Break of channel (D) L2: ~ Retest of support (D) ~ Impulse wave completion L3: ~ Break of trendline (4H) ~ Retest of support **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. ** Annotations:** Categories: 1. Naming: (N1) 2. Labeling: (L1) 3. Forecasting: (F1) Sub-categories: 1. Naming: (N1.1) 2. Labeling: (L1.1) 3. Forecasting: (F1.1) --- #scalping #intraday
Long
by Forexity
3
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
#PVSL,17% stake held by FII,DII, above 270 udega?#Popular vehicles & services Ltd(PVSL), CMP 263, company is engaged in the business of automobile dealerships in India. They have dealrship with 3 brands Maruti suzuki, Honda cars, Jaguar land rover. They recently listed and what made me interested in this company is FII(7%), DII(10.26%) have 17% holding. Why are they holding such high stakes in a car dealership company? Maybe they can see something that normal investors can't. Technical analysis tells me that a day close above 270 can open gates towards 1) 280 2) 291 3) 297 4) 305.8(imp level) 5) 321 6)332 7) 338 8) 346(imp level). Once 346 is crossed I will put sl at 320 and try to ride the trend till 387. Keep eyes open
NSE:PVSLLong
by ssudhirsharma11
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward. **Rationale:** ~ Breakout of channel ~ Retest of resistance level ~ Resistance and 38.2% Fib retracement convergence ~ Rejection candlestick patterns forming ~ Possible lower high forming **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
Gold → continue to downward movementhello guys... gold is at the bottom of an ascending channel so we can consider a little upward movement from here! but from my point of view, I think it would continue to downward movement from 33% (the drawing arrow) or 50%(the blue area) of the last leg! targets is indicated in the chart are: 2285 2255 2222 ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSD
by melikatrader94
9
$QQQ Quick Market Crash from TOMORROW (or Fri) Till June 4th1. Everything fits perfectly into place from a Fibonacci POV. 2. Jamie Dimon (who likes to give passive bearish opinions) said today that he thinks Private Credit debt investments, like BCRED, Pimco Flex Cred, which are basically Privatized bonds, could become an ugly nightmare for grandma's or innocent investors, that are trying to get their money out and can't because of liquidation limits. Liqudation limits have been put on the Private REITS already (BRIET and Starwood Capitol REIT). But Private Credit Funds are made up of the same bullsh NYSE:T as in the movie "The BIG SHORT", those are collaterized debt obligations, that's right. 3. Interest rates, specifically the %-!) Year Treasury rates have SPIKED the last 2 days and mortgage rates will certainly follow suit, making home buying even harder. (again). This will cause an already shaky real estate market, even shakier. "SHAKE SHAKE SHAKE, Shake yo Booty" 4 This Bearish correction trend should start sharply with the initial drop ending at around Tues, June 4th, at approximately between 10am - 1pm. 5, In total, after a B wave up, we could see a bear market into Middle to End of July. 6. a. My bearish trade will start with Credit Call Spreads, Aug 19th expiration, with the short calls at 0.25 Delta, the long calls will be around 0.10-0.05 delta. b. Then I may take 1/2 of all that premium and start buying deep OTM puts with same expiration, and then just buy and sell those into July, but keeping the Credit Call spread in placed till 21 DTE, approx July 20th, when they should be near worthless.
NASDAQ:QQQShort
by jgeno
6
Bitcoin: Long-term analysis & major levels to watch - PART 2So where to now for BTC? In my previous post I explained that BTC had hit a major Primeval Fib (2207 level fib), which had thrown it sideways for a couple of months. While it is entirely possible that BTC could fall back again (e.g. to US$58k support zone) or even further, I think this is relatively unlikely. The chart is bullish in my opinion and I think the white fib in this chart is a reasonable target at ~$82k. I would expect some sideways action to follow that, with possibly a drop to the 2207 Primeval Fib at ~US$70.5k. But even if this is the result, that doesn't exclude the possibility of a proper push up to US$84k, which is marked by another old Fib (see previous post). I hate looking far into the future as charts ALWAYS develop different to what we expect, but my "cross-fingers & closed-eyes Ultimate Best Case" scenario for 2024 is to see price action hit the next Primeval Fib (the 3571 level fib) at US$114k. If that happens consider stepping out for a while! I think a short to medium term bullish scenario (3 month timeframe) is supported by the BTC.D chart - which charts BTC market dominance (first chart below). This chart shows BTC dominance levelling off, which makes me think ALT coins are going to outperform. As we know, this typically happens towards the end of a BTC push to the upside. The second chart below shows the same pattern to the end of 2021, followed by a big drop in dominance over 2022, when ALT coins pumped. And that brings me to my second point for this post. Do NOT discount the real possibility that quality ALT coins will increase in dominance (and count in ICP!) over the next three months and hopefully the remainder of 2024! Happy trading!
INDEX:BTCUSDLong
by Fractaleer
Bitcoin: Long-term analysis & major levels to watch - PART 1Okay - I've been wanting to shed some light on BTC price action for a long time so here we go: This is a monthly chart of the last 7 years of BTC and I've started with this chart because it should look interesting to all crypto investors/traders. Very few people talk about these purple Fibs and yet they explain much of BTC's historical price action. They are what you may want to call: the "Primeval Fibs" (or for you, milennials: the "OG Fibs"). They are the extension fibs of the first run of BTC from a fraction of a cent in 2009 to almost US$32 in 2011 (first chart below - quarterly chart - shows three key sets of fibs, including the purple primeval fibs). They start with the 1; 1.618, 2.618 levels but run all the way to the 2207 level and beyond. ((Note that if you think my extension Fibonacci sequence is a bit off above the 18 level, then know that MY set is the logical expansion of the Fibonacci multiplication factors (connecting the numbers in the Fib sequence) that start with 1.618; 2.618; 4.236 etc, and that the more familiar set (the one that awkwardly morphs from the multiplication factors into the Fibonacci sequence itself) is the weird version. Just sayin'...)) Anyhow, what I'd like to note is the recent ATH perfectly stopped at the 2207 level of the Primeval Fibs set. Freaky, right? To think that extensions from the first run to $32 still have some influence on BTC price action today... But as you can see above, the price action from the last 7 years acknowledges these Primeval Fibs quite nicely. That is: with the notable exception of the period leading up and immediately following the 2021 ATH. Not sure why this nice patterns broke down there. But of course we should understand that price action in the real world is governed by quite a bit of chaos. Sometimes bouncing of a 100 day average, sometimes a Primeval Fib and sometimes just for no apparent reason at all. You can really apply these extension fibs to any nice move in the chart. In the second chart below (weekly chart) I've used two other old fib sets that I think have also helped shape the BTC chart and both appear to have influenced price action during the 2021 ATH period... So it's never as easy as you think, but really getting into a chart and back-testing Fibs does help you trade smarter. So what's next for BTC? I'll get into that and my hypothesis for why I think ALT coins will outperform over the next three months in Part II. Happy trading!
INDEX:BTCUSD
by Fractaleer
#Bitcoin Eye - Will it keep on the lower eye lid ?MACD on the weekly oversold and turning Bearish RSI on the weekly just dropped out of oversold and dropping sharply But can you see the EYE ? Let me help In 2021, this same line acted as resistance and rejected PA - Eventually, PA broke through and we hit a New ATH. We seem to be doing it all in reverse for now....but the question is, will that Lower Eye lid hold PA this time. IT is above the low we had recently. Its intersection with that Red 236 Fib circle, that rejected PA off the ATH in 2021 is in early June. This has a lot of confluence with other charts and ideas I have posted. The Green bar above that is the 72K line we need to cross and hold above. The Red bar above that is a Dangerous area as far as I am concerned, that we will no doubt cross one day but may cause issues aroun 82K But I LOVE that EYE that the 3 Fib circles and the Cup pattern have made. You seen the EYE on the $ Bill ? Not going to say anymore. I told you this was a WAR between TradFi and New Finance called CRYPTO -> There are some VERY powerful people involved here. If we zoom into the same chart on a Daily time Frame, we see very clearly, the situation we are in PA may get VERY volatile this month IF this plays out We may go over that top fib circle as previously but may drop back below...and that apex.....3rd June. I CANNO WAIT -->>>>>>>
INDEX:BTCUSD
by Orriginal