Get started

Fibs

EurJpy headed towards the SKY?Follow for more analysis. 1:4H/1H: Market in a bullish run making HH/HL. 2:Market broke previous HH and now retesting it at level 123.000. 3:Looking left 123.000 level has been holding the price strongly(in past). 4:Big bullish candle showing strong buyers in the market. 5:Market at 61% level of fibs(golden ratio). 6:Now let the market break structure on 1H TF as well for more conformation 7:Or let 123.400 minor level break on 4H TF or limit can be set at the level. 8:Wait for Bullish engulfing or pin bar or any strong candlestick pattern. 9:Setup may perform next week. Note:this is not a signal, the purpose is solely for education and understanding. :Trade at your own risk.
Long
by Ali_Talpur
1
SUNW: Double ABCD pattern? is that a thing?SUNW on the 1 hr chart. I think I see SUNW going from a descending ABCD pattern immediately into an ascending ABCD pattern. The last point that could be the second "D" is already above its "B" point. Not sure if I am wrong or the pattern I am seeing is called something else, but any input would be greatly appreciated. I made a couple fibs (2 extensions and 1 retracement) to get an idea of the potential PT areas. It looks like 0.75 - 0.90 is a reasonable range to look at. If its end point is in that area, I think it is definitely a second ABCD pattern Let's see what happens!
SLong
by GR3ND3L
Is HTGM just full of ABCD patterns?HTGM on the 1 hr chart. I swear this ticker is full of ABCD patterns! I am learning to identify ABCD patterns, and i am hoping my observations are accurate here. I see a large ascending ABCD pattern leading to a huge descending ABCD pattern. At the bottom I see a small descending ABCD pattern, which appears to be starting its upward movement. I have setup 2 fibs, extension and retracement, both showing potential PT range of 3.50-3.90 with 3.75 looking very doable. Hopefully I am right because I entered this thing at 0.3094! Let's see how it goes!
HLong
by GR3ND3L
TSLA: Post Split Update Further to the earlier idea shared before the splitting of this stock, here's an updated version of the chart showing the same levels but adjusted for the split. The structure of this market suggests a completed 3-wave impulse sequence, which is now being corrected by profit-taking and short selling. The current correctional formation is seemingly completing the A leg of a potential ABC correction. Approximate movement and supply and demand areas are highlighted for convenience. In case of suggestions or questions on this TA idea, drop a line in the comments section below. Staying tuned for further hints on the price direction of this exceptional stock.
NASDAQ:TSLA
by Zoen_Trieste
15
WMT and SPY love each other?WMT for Friday, September 11, 2020 SPY and WMT seem to be synchronized, so we have SPY here for reference. (faded blue line) Large fib is for the dip, showing it went down to the 1.618 line. Seems like that may be the end of the drop... hopefully. Small fib is for potential target zones for short term. Breaking the 0.5 would be nice to confirm retracement. Heading to 1 would be nice, 1.272 - 1.414 are my favorites. We are currently in what appears to be a descending channel. Hopefully we break out bullish and above the 0.236 line @ $137.87 Good luck!
NYSE:WMT
by GR3ND3L
FLDM: Am I just seeing rounding bottoms everywhere?FLDM hourly chart. Just wanted to publish my chart before it gets cleared, lol. I think I see a rounding bottom on this sucker. Also potential gap above. Blue lines are what I think are res points. I have short term and long term fibs showing, hopefully charted properly. The candlesticks are Heikin Ashi. The candle filler-colors are representative of RSI. Vertical Lines: Yellow (pre-market start) Green (market open) Orange (power hour/market close/after hours start) Red (after hours end) RSI Colors from High to Low: Bright Green Green Dark Green Light Blue Dark Blue Yellow Orange Red Dark Red
FLong
by GR3ND3L
1
Retest of the trendlineSituation After profiting from the last short (last BTC analysis), we are in an interesting spot. Breaking 10k will lead to a massive meltdown, due to the new algo targets created by the move. Target of meltdown would be 8.2k. 8.2k is -> the 0.5 fib from the move from 4k to 12.5k ->1.618 target from the move from 12.5k to 9.8k -> massive support Right now it looks like we will test 11k and decide from there, if we will continue the dump or choose to move to 13k . - Trade -Long, if we stay above 10k and take profits around 11k (exact selling prices are red) -Short if we close below 10k and see massive selling volume
BITFINEX:BTCUSD
by DCCryptoacademy
4
BTCUSD: Monthly StructureThe above chart is an attempt at showing BTCUSD's monthly structure. As this market enters a sell rotation, it makes sense to be alert for potential reversals in the sub $10k area. Monitor the $9.2k-$9.8k price range for supply & demand imbalance hints. So far, BTCUSD is printing a correctional formation linked to an overall risk-off attitude that started sweeping through the markets as of the end of last week. Barring another 30% plunge in world indices, the risk-off mood will begin fading, and confidence will return to the markets, pushing the prices higher once again.
GEMINI:BTCUSD
by Zoen_Trieste
6