Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created.
This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level.
Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4.
Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4.
RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator.
After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
Goldenratio
SMCI eyes on $442.58: possible bottoming confirmation if holdsThis is a folloowup to my $1152 Top Call (click).
SMCI topped where expected and is retracing hard.
Possible bottoming process after capitulation dump.
Currently floating in a trio of major fibs for support.
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CAT eyes on $ 188.00: Golden Genesis fib, Dip or Top here?CAT has been surging with other industrials.
China stimulus will probably keep it going.
Looking for a dip here, or a Break-n-Retest.
Here is an Hourly view with Local Fibs ADDED:
$ 388.00 - 390.84 is the immediate resistance
$ 369.46 - 371.58 is the first strong support.
$ 353.22 - 356.26 is the CRUCIAL zone to hold.
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BTC bulls need to reach 65.25k before feeling "safe"Follow-up to my previous Idea about 61.25k (click).
The bounce from Golden fib at 52.8k was IMPRESSIVE.
First jump was the big one but bulls are NOT safe yet.
Need to be sleeping on the "Semi-Major" fib at 65,255.
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The above levels are from bitty's " Genesis Squeuce " posted here:
That single fibonacci series has called all major turns since 2015 till now.
BTC bubbling against 3 MAJOR fibs going into FOMC wednesdayStrong bull push from 52.8k Genesis fib to sister Genesis at 61,256
There is also a fib from the "Top Down" wave just below at 60,820
Lastly there is a fib of the "Covid Sitmulus" wave hovering at 60,298
Thus we are hovering just below a MAJOR resistance zone.
Within the next day (of this posting time) is the FED decision.
This FOMC meeting is to start the RATE CUT process tomorrow.
Bulls should be CAREFUL here.
Bears should be CAREFUL here.
Sheep may stay careLESS here.
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Below are links to the 3 fib sets in full.
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"Genesis" wave (called every top since 2015 including our last one):
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"Covid Stimulus" wave (caused by FED printing and often reacts with FOMC)
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"TopDown" wave (from the top, nailed the lower high from 73k):
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The Golden Ratio- Throughout history, the ratio for length to width of rectangles of 1.61803 39887 49894 84820 has been considered the most pleasing to the eye.
- This ratio was named the golden ratio by the Greeks.
- In the world of mathematics, the numeric value is called "phi", named for the Greek sculptor Phidias.
- Everything is in chart.
Happy Tr4Ding !
SWING IDEA - NETWORK 18 MEDIANetwork 18 Media , a prominent player in the media and entertainment industry, is showing signs of a promising swing trade opportunity based on several key technical indicators.
Reasons are listed below :
75-80 Support Zone : The 75-80 level is a crucial support zone that has held multiple times, indicating strong buying interest at these levels.
Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart suggests a reversal of the previous downtrend and indicates strong buying pressure.
0.618 Fibonacci Support : The stock has retraced to the 0.618 Fibonacci support level and is now bouncing back, indicating a potential reversal and continuation of the uptrend.
Breaking Consolidation Phase of 2+ Months : Network 18 Media is breaking out of a consolidation phase that lasted over two months, signaling the beginning of a new bullish trend.
Decisive Break Above 50 EMA : The price has decisively broken above the 50-day exponential moving average, confirming the bullish sentiment and providing a strong support level.
Target - 105 // 120 // 135
Stoploss - weekly close below 81
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - VIP INDUSTRIESVIP Industries , a leading manufacturer of luggage and travel accessories, is displaying technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
450-500 Strong Support Zone : The 450-500 level has been established as a strong support zone, providing a solid base for potential upward movement.
Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
Daily Candle Engulfed 7 Daily Candles : The recent daily candle has engulfed the previous 7 daily candles, demonstrating significant buying interest and a potential shift in trend.
Golden Fibonacci Zone : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move.
Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Target - 575 // 660 // 715
Stoploss - weekly close below 445
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SPX Bulls - Give up already ;) Do you need more Fibonacci or is this Fibonacci enough to let you bulls understand, you are trying to win a losing game (hhhhhh). I will accept defeat once the final Fibonacci speed resistance fan line has been beaten, but even then, I will be looking out for a double top.
In my opinion, this traffic zone is a desperate attempt of a trend continuation, however, there is no reason for this trend to continue currently. I think a test of the Jan 2022 highs will be enough to consider a macro reversal towards 7000, however, until then. Go to bed bulls - kappa? xD
BTC_[Daily]_Trendline Support (Channel Bottom)BTC Daily Analysis:
Price is moving in within descending parallel channel for 155days now
Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).
It is also confluencing with 61.8% fib level (Golden Ratio)
It has also reached a long-term trendline support which is respected historically (except a recent fake break down).
A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
BTC eyes on 63.3k: the Mason-Dixon line of correction from topThis is part of my ongoing analysis, see links below.
We have been orbiting 63.3k for several days.
It is a key level of the wave down from the top.
North of 63.3 is bullish, South of line is bearish.
This chart is also a good example of my concept.
The red fibs are extensions of an Impulse (fib 0.1).
Purple lines are retracement levels of entire wave.
Previous plots and logic that lead here (click the links):
- 73k Top Call no one expected
- Retrace Roadmap of Support zones
- 56.8k imagined but not believed
- Impulse Redux confirms the targets
- Fine tuned plot calls 56.8k bottom
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Does Fibonacci Really Work?It's hard to understand how the Fibonacci sequence presents itself in price action. I remember I used to think it was nothing more than lines drawn in a chart in a fancy manner. However, as I began to learn about probability distributions, I began to understand where the sequence reared its head into price action. Although I don't fully comprehend the theory behind the Fibonacci retracement, I did find a mathematical demonstration that proves price action and this sequence are related. You can find the demonstration in the link below. I'm unsure, but I believe this is peer-reviewed.
www.researchgate.net
However, you will notice that this approach is extremely different to the Fibonacci retracement. They look nothing alike. However, it's an interesting concept which could Shead light into understanding the fractal that governs price action. One of which is the Sierpinski triangle
So does the Fibonacci retracement actually work? Well I don't know, but there is only one way to find out, so lets try it
AAPL blasts to new ATH, heads up at $209 then 220 for pullbacksPart of my ongoing analysis, see links below.
Finally, a break of our 3 YEAR old resistance (see below).
WWDC event probably fueled the surge, albeit a day late.
Mapped are key resistances above, for possible pullbacks.
$ 208.26 - 209.53 is the immediate hurdle.
$ 218.76 - 220.68 is a more serious barrier.
$ 256.10 - 257.41 is next MAJOR resistance.
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Previous posts covering AAPL (click):
- Genesis (from birth) Sequence
- $197 was targeted 3 Years ago
- $159 was the focus 2 yrs ago
- Exact map of ATH Resistance
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I will post updates as price action progresses
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ANF retrace from ATH: eyes on $104 then 92 ideal retrace TargetANF has been on a relentless bull run.
It has obviously hit "a" top if not "the" top.
Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break.
$ 103.14-103.14 is the minimum expected retrace.
$ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for clues.
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Pulse of an Asset via Fibonacci: AAPL at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Pulse of an Asset ala Fibonacci: ETH at a key Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
META eyes on 489.05 into Earnings: Golden Genesis fib Top or NotThis is a follow-up to my Big PIcture calling for $489 (click)
High Gravity fib has held us in orbit for 2 months.
Just got a retest on the day of Earnings release.
This could mark the top or start next leg today.
Time of this post is BEFORE the release,
chart will not show results until next day.
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Here is my big picture:
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ARM eyes on $103.xx: Key resistance to determine trend directionThis is a follow up to my $90 entry call (click).
After a considerable retrace we have a bounce.
The bounce is at a significant and key resistance.
What happens here could determine the next trend.
Immediate resistance zone is $103.14 to $103.82
Break above should run to golden fib at $117.36
Rejection could drop to golden below at $73.57
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DELL key levels into Earnings: Overbought? another Dip Buy opp?This is a follow up to my previous Dip-Buy plot (click).
New all-time-highs but pulling back going into earnings.
Supports below at $162.06 (minor) then $143.07 (major).
If earnings are seen as positive, watch $192.77 for break.
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Previous post that gave the dip buy entry:
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JPM eyes on $193.50: major support going into EarningsJPM is sitting on a Golden Genesis fib.
Earnings to be reported today afterhours.
Launch pad here? or fail and mark the top?
$ 193.50 - 194.69 is the immediate support.
$ 176.07 - 176.37 is first good support below.
$ 206.20 - 207.37 first resistance just above.
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