ESCME_MINI:ES1!
The rectangles on the right mark the major levels
4011 and next one to watch for, if downside, is 3922 zone
The three blue lines have been a zone for a long time. can see sideways action there. they are based on previous pivots.
Fibs
BTCUSDT - Bullish Bias Based on FibsBullish bias to the upside based on Fibs.
1st Impulse Fib retracement from Impulse low to high gave a breakout from 0.382. With a Fib extension 1:1 upside target of 24.1K.
2nd and current impulse Fib retracement from Impulse low to high giving a current possible breakout from 0.382. With a Fib extension 1:1 upside target of 28K.
Also worth noting is swing low fib from 1st breakout to last pivot high gives us a bullish fib of 0.618, current price.
Speculative and should be used with unbiased trade with risk management as always. Loosing 0.382 at 21.6K may be a signal for more downside to come.
AUDCHF long setup This is a very good looking setup, we have POI with:
1. Already reversed trend, now we have series of HHs and HLs
2. daily 50EMA
3. 61.80% fib level of previous leg
4. Structure
As aways, candle rejection is needed for entries, so if the price makes consolidation at this level, I will for sure jump in longs.
ES1! - Macro Technical Analysis - Work in ProgressWork in progress moderators.
Step 1 : Support
1. 1. Speed resistance fan drawn from monday 8 Feb 2016 to high 18 feb 2020. Support at 0.75 fib low 23 March 2020.
1.2. Speed resistance fan drawn from 23 March 2020 low to swing high (recent) Monday 10 jan 2022. Possible support at 0.75 speed fan.
Step 2: Resistance
2.1. Trend based extension from low monday 8 Feb 2016 to swing high at Monday 5th Feb 2018 to low (this is my problem for the next move current, understanding this low) aon monday 24 December 2018. 1:1 extension at 3,401.
2.2. Trend based extension from low monday 23 March 2020 to swing high at monday 31 August 2020 to low Monday 21 September 2020 gives a top of 4,617.
Point 2.2. Leaves an indifference of 5%. For now. Leaving it at that. Something is wrong. Just putting this out there as an idea for ES1!.
FTMUSDT - Target Retracment Fib pulled from high to low retracment level .. For a Probable uptrend move. Fib match to a daily. x
SPXlooking for 3,830 to catch the move down, appears to be 2 leading diagonals in place as Wave A & C should at least test the 50% of the zig zag starting point wave A which is where the 5th wave diagonal should end.
AUDUSD possible long moveAN offers a really good long setup. The confluences are:
1.ascending channel
2.break and retest of S/R zone
3.daily AND weekly 50EMA laying on this level
4.61.8% fibs
So we just need to see rejection candles at POI for entries.
The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be looking for STRONG 4H rejection candles or daily candle before jumping in longs!
It could easily penetrate the zone, so be careful with entries.
How to Spot the Confluence Zone | Pro Fibonacci Technique
If you are struggling with the identification of accurate trading entries,
you definitely should try confluence zones.
Note: there are hundreds of variations of confluence elements.
In this example, we will discuss trend lines and fibonnachi.
❗️To identify a confluence zone, the price must follow a trend line
(it should match higher lows if the market is bullish ;
it should match lower highs if the market is bearish ).
Once the trend line is confirmed by at least two touches and consequent reactions,
you can look for a confluence zone.
1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line .
2️⃣Take the last impulse in the direction of the trend.
Draw a fib retracement based on it
(swing low to swing high in case if the market is bullish ,
swing high to swing low in case if the market is bearish ).
3️⃣Take the previous impulse (it must be in the same direction as the initial one).
Draw a fib retracement based on it.
4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line .
In case if two retracement fib.levels & trend line match, you found a confluence point.
5️⃣ Apply it as a safe entry point.
You will get a perfect trend following opportunity.
Let me know, traders, what do you want to learn in the next educational post?
GBPAUD short setupOn a daily time frame, GA has formed H&S and it's in a downtrend, so overall bearish setups are preferred.
Price is now on a very good position for sells, we have:
1. Clear downtrend
2. Retesting a structure
3. 4H 50EMA
4. 50% fibs
5. Bigger pattern in play
All I want so see is 30m wedge or pennant just so price can move sideways to touch the trend line, and ofc this can be a sign for a rejection from this level.
DXY: what I want to see for AUDUSD, GOLD, EURUSD long ! Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups.
So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA.
Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to hold the level.
If I see a daily closure above these confluences, I'll cancel all my XXXUSD setups, because they would be invalidated.
GBP/CAD Short IdeaLooking for a sell from the 50% Fib, lines up nicely with the strong intraday key level.
BTC Price Prediction - TA using FibsIf you place a fib from the bottom of the prior run to the top of the next, the lowest price BTC retraces to in the next run is between the 786 and 886 twice.
This is true of all previous runs.
BTC hasn't reached the price between the current 786 and 886 yet twice, so I think a retracement to the 12k-15k range may be possible before a bigger run to the upside.
S&P 500 Range Short and Long TermRed short term green long term range with Fibs and Fib Resistance Fan. Bottom and support below the ranges. On the basis of my current knowledge. Bias on sideways price action, and potential bullish. Not accounting for down trending price movement. 0.75 Fan a support.
US DOLLAR Currency Index - Possible Bottom and Top LevelsABCD Pattern with 0.382 Fibs and 1.27 past fib high, current probable 1.27 fib high, -0.236 past fib low and probable current -0.236 fib low. Interesting fibs.
Target bottom approx 97.50 target top approx 111.80
Added the Speed Resistance Fan for confluence. Pretty much made up based on High and Low, not sure about this, but it does have confluence against the current predicted low. I like it.
BTCUSDT - Medium to Long Term RangeBased on -0.618 support level. Possible play out with support and resistance. Obvious support -0.618. Mid level resistance -0.236 and 0 fib. Upper range 0.618 with a support back to -0.236.
Also 2 Fib channels. 0.618 the bottom of the first upward channel.
This is a Bullish bias, use -0.618 as a support level.
EURO/USDT - Falling Wedge and Fib 0.618Falling wedge coming and possible 0.618 retracement. Not over analysing and with no confluence on daily, weekly, and monthly support but an idea for a long on on 0.618 and general idea for dollar move. More analysis needed!
5 waves | time fib example | ethimo, time fibs are an incredibly helpful tool and not enough traders use them.
full moves typically occur in 3 full time waves.
take the first wave to get your time scale.
wave 2's are typically similar time length of wave 1.
rest of the breakdown on the chart.
Platinum long scenario Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys.
Confluences are:
1. Daily 50EMA touch
2. Nice break and retest of S/R zone
3. Bullish trend on 4H, D, W
4. 61.8% fibs
5. initially it showed rejection at the first touch of daily 50EMA
Technically its looking good, but remember that we jump in longs only if we see a good 4H rejection candles at marked zone
BTCUSDT - Upside TargetDespite all the news. Is this time to break out? Interesting fibs. The stars are aligning. It's a beautiful thing. I usually would not be bullish at a high. Trade it what it is.
BTCUSDT - Possible UptrendWhy BTCUSDT could be in an uptrend. Should we clear the monthly it's plausible to be in an uptrend.
BTCUSDT - Basics - Falling WedgesBTCUSDT - Falling Wedges
A falling wedge occurs between two downwardly sloping levels. In this case the line of resistance is steeper than the support. A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance.
Interesting the 1st wedge target price was hit recently. We're currently in a breakout of another falling wedge .
Zoom out, one can take it that were in one massive falling wedge .
