SPY Bouncing in the Golden ZoneAMEX:SPY has pulled back to the most recent GZ. Looking for a bounce and continuation if it stays in/above this zone.
Goldenzonefibonacci
SWING IDEA - CRAFTSMAN AUTOMATIONConsider a potential swing trade opportunity in Craftsman Automation .
Reasons are listed below :
Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment.
Bullish Hammer Candlestick : A bullish hammer candlestick observed on the weekly timeframe suggests a potential reversal and uptrend, signaling increased buying interest and bullish momentum.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a strong foundation for potential upward movement.
Constant Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Double Bottom Pattern : A double bottom pattern has formed on the daily timeframe, indicating a potential trend reversal and adding further confirmation to the bullish outlook.
Target - 5440
Stoploss - weekly close below 3700
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@visionary.growth.insights
Bitcoin Headed To The Golden Zone From swing low to swing high, we can see more than 78% retracement happened. Next is swing high to swing low, that's where i marked off the golden zone so 40K is possible again.
Also with the mighty dollar approaching its supply zone and heading into retracement, the market must take advantage of the momentum, as they should.
Patience wins all.
Keep rising.
Always Due Diligence!
GOLDEN ZONE - FibonacciHello guys! Take a look at how smoothly the market respects the Golden Zone on Fibonacci retracement levels. The Golden Zone or Golden Ratio is the area between 50% and 61.8% on retracement levels, which acts as a strong support zone. After an impulse, on the correction the price usually gets rejected by this zone and it continues its previous trend. However, if it is broken, there is a high change of a trend reversal, as we can see in this chart.
BTC Fibonacci analysis#BTC/USDT
$BTC dropped and broke down from ascending support line and now price is at the golden zone between 0.5 and 0.618 fib levels of the last swing high.
🐻 breaking down from the next ascending trend line and the golden zone will continue down trend to support zone around $19k and maybe lower to touch 1.414 and 2 fib levels!!
🐮 holding this golden zone as support and closing a daily candle above ascending broken trend line, can change the game for bulls, and price heading up to touch the resistance zone around $28k.
