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Goldenratio

EURUSD H1 Chart Analysis & IdeaAs the EURUSD resets for the next trading week, price closes at 1.1795, inside a contraction level zone around 1.182/1.178, nearest demand zone around 1.172/1.168, nearest supply zone around 1.188/1.192, with weekly close reset trading range between 1.19 & 1.17, these are the areas of interest in this chart as of the week close. For price action, there's this wedge-like structure forming up on the hourly, and on the zoomed-out 4-hourly there's a established descending parallel channel getting escaped to the upside, maybe some more downside is possible, but only to grab liquidity further down and then move for higher prices, as this market finds a demand imbalance.
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by acsedward
DJ30 will Fall to 32200 the Upcoming Week - Part 4 (Beauty)Now for the final part of the analysis of the market trend and the forecast that it would fall this week. Do you believe in horoscopes? or God? Perhaps, this post could make you change your mind about one of them. The market movement is controlled by the mystic Fibonacci sequence. Whether it is by inherent design of mass action or due to the collective following a common myth, I am not sure. Maybe I should read more about it. However, what is for sure is that whenever I use my favorite tool, the Fibonacci Spiral (aka. Golden Spiral), everything fits perfectly. If we look at this chart, I traced almost all the market movements in the monthly chart and they all offered to perfection the historic support and resistance of other trends, as well as future ones. Now, I traced the current trend as if it would end this week with the red spiral, and as you would guess, it fits perfectly, which is a strong indication of a market correction this week , since it would get more complicated later if it doesn't happen. To know the magnitude of the hypothesized correction, I drew the trend line I believe is the most likely to offer support (check the previous parts of this analysis) and traced from the current point another spiral to the line in the current month. The intersection point is nearly 322000, the point I already forecasted from previous analysis -- and it fits also perfectly. Here you go, a slightly irrational analysis based on symmetry, beauty, and abstraction, which, for me at least, is the most convincing of all. P.S. If I am wrong and it doesn't happen this week, then it should happen in 2 weeks -- still within this month. P.P.S. When the correction happens, it should have a more massive effect on NASDAQ, which could trigger a bearish market. That's still to be seen. P.P.P.S. As it is usual, TradingView messes with Fibonacci when aspect ratios are changed. For the correct;y fitted one, please check the photo below (use "Open image in a new tab" or so):
CAPITALCOM:US30Short
by MontyMacht
3
A crash to 0.3 with two golden ratio confluence of AB and AD legIf market will crash, 0.3 would be my price level to re-enter long or my price of interest for me to take a long/buy trade upon confirmation. A bearish divergence can also be observed! A confluence of two golden Fibonacci ratio of 61.8 AB and AD structure can be seen and a bearish APF has been completed already near 0.7 (psych. price) giving market a reaction right away. I could be wrong. Took a long/buy trade since 0.02 - 0.05 and will proactively managed my positions from there. Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation SL - Stop loss TP - Target Profit POR - Point of Ruin Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
by TheForexSamurai
Possible yum yum style breakout for $SNDL! The chart is looking great on the 5.5 hour (333 minute) chart. Could this be a yum yum style breakout, or will it be a flop? I have a bunch of call options with a strike price of $1.50 that expire today. Could we see a bull run within the day that brings us to $1.50, or will it be over the next few days/weeks? Either way, this seems like a tipping point to me! We also have the new news that New York State legalized recreational cannabis for adults! Not sure how that will affect this stock! Happy trading! Not investment advice
NASDAQ:SNDLLong
by primroseverglade
1
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher. My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style. I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some. Have fun! Not investment advice. just ideas.
NASDAQ:TSLALong
by primroseverglade