Get started

Goldenratio

Ark Innovation ETF Retracement PlayIf ARKK top was around $105/share. Using fibonacci retracement I would expect long opportunities to open up starting possibly around 0.5 fib (approx $70.00/share) and more likely around the golden ratio around 0.618/0.65 fib (approx $60/share). The golden ratio also corresponds closely with the 200 day ema on the 2D chart which should act as a strong resistance. Please share your opinion and/or challenge mine. The content shared is for educational and informational purposes only and are not providing specific financial advice or recommendations for any individual or on any specific security or investment product. Not Financial Advice.
AMEX:ARKK
by trading2835
6
Energy finally finds support /FibonacciAfter a long period of consolidation, energy broke-down of the parallel channel. Using Fibonacci retracement tools, we retraced from the 61.8% level, also known as the Golden Ratio. It is currently trying to break its 10sma resistance (on average intraday volume - which is not great) I would want to see a close above the 50% retracement level to feel more confident, as rotations have not lasted more than 1-2 weeks. Keeping on a watchlist.
AMEX:IYE
by dorfmanmaster
AUD/CAD Golden ZoneGood day, snipers. Here in the AUD/CAD, we have multiple confirmations to go long. TECHNICAL ANALYSIS first on the weekly time frame, price rejected our golden Fib Zone 61.8 and I am expecting for price to go up. Also, price rejected the 8 EMA which was respected in the last few motnhs. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the AUD is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below or leave me a message if you have any questions about the idea.
Long
by SniperFXFree
7
S&P 500 Weekly out look to 2021 [long term short]We are seeing an aggressive stimulus from the US right now- where the re-opening of the economy looks to be strong. However with many companies with profit margins hit, it will look to be a big shock in reality when the new changes and consumer mindset shifts. We can only analyse the growth from the chart - and the large sell off showing a huge retracement - this cancelled out the growth of the US economy in about 4 weeks in terms of 26 million jobs on furlough and jobs lost. We have not seen credit crisis as yet, however the fact that bailout stimulus and money reserves being depleted - shortages will be created due to the demand and cracks will be evident. Take it to the supply & demand strategy using the record highs as a fresh supply - have to wait for the rally to indicate a rally base drop scenario. This will take a long time to play out but this is scenario one. Leave your thoughts and analysis. Lupa Capital
FX:SPX500Short
by LupaCapital
ETH fractaling inside huge MEGAPHONE. Indicators signaling DOWN.1. bearish RSI div 2. bearish MACD div 3. longer trendline resistance (broken with possible fake out. other trendline is not yet broken, and is forming a megaphone pattern) 4. megaphone pattern (usually a bearish pattern but could brake out either way. Expect very volatile price action very soon) 5. megaphone fractal within a huge megaphone (it should be interesting to follow the price. If smaller one resolve bearish, it could drag a bigger one very fast very low, and vice versa) 6. fib retracement of .618 & .786 which is usually a location for a trend continuation 7. long term downtrend - series of lower highs and lower lows. (even if ETH broke out of the trendline and created a small w pattern, which is known as a double bottom, on a bigger scale, it hasn't formed yet on a higher time frames) So if I have to bet, I would bet down, as long as the long term bear trend resolve itself, but for now, location is very good for bears. I expect them to show up very soon, but if they don't show up, bulls won't hesitate a second to take over.
Short
by AjnoudaSikret
6
EURSGD looking for a melt 🦐The market, after hitting few times the discending weekly trendline in red, created a double top formation. After breaking the ascending channel price could restest the yellow structure and then move first to the 0.382 fib level and then to the 0.618 fib level. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
EURSGD rejected by historical trend line 🦐The market after the recent rally got rejected by the historical trend line in red. Now the price broke and retested the support line and currently trying to break the structure at the 0.382 fib level. IF the market will mange to break the structure we can set a nice short order according to our rules with a possible target around 1.551 or 0.618 golden ratio. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip