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Symmetry

EURUSD 🗝️ LEVELS TO 👀 AND WHY🤔 Hello Awesome Traders! I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by EURUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades. EURUSD has formed symmetrical AB = CD legs, indicating a potential continuation or reversal pattern. Time and Price Similarities: Observing similarities in both time and price movements adds further confirmation to the pattern formation. Support Level: The price has found support around the 1.07545 level, reinforcing the bullish bias. Key Levels: Support: The 1.07545 level serves as a crucial support level, validating the bullish outlook. Targets: Consider targeting the 127% Fibonacci extension level of the CD leg at 1.08297 and the 162% Fibonacci extension level at 1.08518 for potential bullish price targets. Trading Strategy: Long Opportunities: Traders may consider long positions, anticipating a bullish continuation based on the symmetrical AB = CD pattern and support level confluence. Entry Point: Wait for confirmation of bullish momentum, such as a candlestick close above the recent swing high or a breakout above a key resistance level. Stop-Loss Placement: Place stop-loss orders below the recent swing low or the support level to manage risk effectively. Target Zones: Target the Fibonacci extension levels mentioned above, adjusting position sizing and profit-taking strategies accordingly.
Long
by TradeChartPatternsLikeThePros
BTC: Two potential target prices - Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does not return above the first support zone , two potential target prices can be anticipated: 1. A 100% extension of the large purple box. 2. A 100% extension of the small blue box. Note that this target price perfectly aligns with the previous key resistance-turned-support level. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COINBASE:BTCUSDShort
by stock_adelie
2
TSM: After Downgrading The Outlook, What To Expect? Trend - On the weekly chart: Clearly showing an uptrend. - The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel. 100% Symmetrical Projection: Uptrend “N” Patterns - A 100% Symmetrical Projection of the initial swing (from A to B) and then projected from C. As a result, D was our initial target price. - Without a symmetrical retracement from D to E, there's a resistance-turn-support at level D, and the price continued to rise. The target price was adjusted another 100% higher to D' due to the very strong momentum. - However, the price failed to reach D' and fell below level D at $135, indicating that the momentum has dissipated. Additionally, on the daily chart, there's a support-turn-resistance to reinforce the level's importance. - What's next? The price may retrace 100% of the "extra force" of the blue box; or The price is likely to fulfill the original symmetrical retracement from D to E. N Pattern’s Target Price & Fibonacci Price Cluster - The 0.5 Fibonacci Retracement of the entire swing from A to HH perfectly aligns with level E, which can be seen as one of the current target prices on the short side. - The 0.618 Fibonacci Retracement of the more recent swing from C to HH is close to the low of the returning blue box. - Both levels and the previous key resistance level at B form a tight zone, likely to be a significant support area (the gray area). Conclusion - After breaking below the key level at $135, TSM is expected to retrace to the tight range between $109 and $112.7. - In other words, if you’re considering to buy more and invest in TSM, this tight support area presents an opportune entry point. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NYSE:TSMShort
by stock_adelie
MSFT’s Momentum Weakening: Where’re the defending levels? Trend - On the weekly chart: Still within the large uptrend channel since January 2023. - On the daily chart: The minor uptrend channel since October 2023 was broken with moderate volume. - Although the long-term uptrend remains intact, the short-term momentum may be pausing. 100% Symmetrical Projection: Uptrend “N” Patterns - There are two price projection models, both leading to the same ultimate target price of $457. The large purple N, starting from January 2023. The small orange N, starting from October 2023. - Symmetry break : If the price drops below the prior low at $400, the symmetry (the pullback) is violated. Following that, with increased uncertainties, anticipating the price action will become challenging. - If the momentum is strong, we could expect a clear price movement toward the target price once it surpasses the symmetrical retracement box at $421. However, the price is currently hovering around $421, indicating weakening momentum. N Pattern’s Target Price & Fibonacci Price Cluster - Both N patterns are an A+ setup . Retrace 0.382 of the prior swing and then continue to rise. - The level of 1.618 Fibonacci projection of the prior swing is the N’s target price. - The level of 2.618 Fibonacci extension of the retracement is the N’s target price. - The price treats the key Fibonacci levels as significant support and resistance levels along the way up. Conclusion - Currently, the momentum is weakening, though not yet exhausted. - Once the price breaks below $400, the short-term momentum will be exhausted, potentially leading to a trend reversal. - In the long term, for MSFT to sustain the uptrend, the price should remain within the large uptrend channel and above the price level of $367. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:MSFT
by stock_adelie
Is the Downtrend Nearing its End?Last Friday, on October 13th, a significant white candle with exceptionally high volume was observed, possibly driven by two catalysts: – Escalating geopolitical conflicts. – A decrease in CPI, leading to market expectations of a potential halt in rate increases by the Fed. Trend – A large white candle with exceptionally high volume touched the upper boundary of the downtrend channel. – Let's observe if the market can sustain its bullish momentum next week and breach the downtrend channel. Symmetrical Projection: Breaking the Downtrend “N” Pattern – The 100% price projection from the initial swing starting at the 2nd lower high has been achieved. – Furthermore, the price has already surpassed the 100% projection of the pullback, indicating the possible termination of the downtrend pattern. – After this breach, we can expect either a reversal in the trend or a sideways movement. Conclusion – An uptrend is more likely to occur based on the two situations mentioned just now: A large bullish candle with exceptionally high volume is on the verge of breaking the downtrend channel. The downtrend N pattern has been disrupted. Preparation for the Possible Uptrend Scenario – Instead of simply jumping into the breakout, I will be waiting for a retest before getting on board. – Potential retest levels: Some key Fibonacci retracement levels from the lowest low (A) to the previous high (B) (assuming the previous high is the initial target price of the upward move). The 0.236 level: close to the key level at 1969. The 0.382 level: close to the high of the second pullback of the downtrend. The 0.5 level Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COMEX:GC1!Long
by stock_adelie
1
Is MSFT's bullish momentum depleted? The uptrend channel A 100% parallel extension of the uptrend channel indicates the strength of this bullish trend. Symmetrical projection: An uptrend N pattern By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C, the target price would be point D at $303.3. Given that the anticipated symmetric pullback to point E did not occur, my expectation is for a further 100% extension from point D. As a result, the target price has been revised upwards to point F at $360.8. Other key levels Resistance The historical highest high at $349.6 is a very strong resistance level, coinciding with the upper band of the channel's 100% extension. The more resistances encountered, the harder it is to break through. Support The 1.5 extension level at $ 332 is a support level that has been tested. Clear price reactions to key Fibonacci levels can enhance the overall significance and value of the analysis. The prior low level, which is at $322.5, can always act as a significant support level. Moreover, it’s a resistance turned support level, making it more important. Possible scenarios If the uptrend continues… When facing the key resistance at $349.6, the market should exhibit a clear movement, like a gap-up opening or a significant bullish candle, to demonstrate its determination. If the bullish momentum is depleted… The market is likely to pull back the price to below the prior low level, which is at $322.5. Compared to the 1.5 extension support level, the level of the prior low holds greater importance. If the 1.5 extension support level is breached, it serves as a mere warning. However, If the level of the prior low is breached, it disrupts the rhythm of a healthy bullish trend and makes price movements difficult to anticipate. Conclusion If the key support at $322.5 is breached, it’s better to step out of the market. Allow the market to stabilize on its own, and wait for a clearer signal before reentering. If not, the uptrend will continue, and the target price remains at $360.8. Hindsight bias part While our target price is $360.8, the prior historical high level at $349.6 represents the optimal target price. Considering the formidable resistance at the prior historical high, I prefer to sacrifice a small portion of potential returns in favor of a higher probability of success. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:MSFT
by stock_adelie
NQ: How far can this uptrend go? Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16,733). The target price level aligns with the historical high level, adding significance to the target price. Resistance levels on the way - The price successfully surpassed the previous key resistance level at $15,344 and paused by reaching the upper band of the uptrend channel. (Please refer to the link, "Related Ideas", below for more details.) - The next resistance level is the “Another potential TP” level at $16,216. ( If applying a more conservative initial swing. Please refer to the link, "Related Ideas", below for more details.) Support/ Defence level for bulls - Since the price successfully broke out and closed above the old key resistance at $15,344, we can adjust the prior low level to $14,853. - The level at $14,853 coincides with two key Fibonacci levels: The 0.236 Fibonacci retracement level from point A to “Another potential TP” level (assuming that level G represents the end goal of this uptrend). The 0.382 Fibonacci retracement level from point C to point F (assuming that level F represents the end goal of this uptrend). - While the new support/defense level for the uptrend is set at $14,853, the ideal scenario for bulls is to observe a shift in the previous key resistance level at $14,344, turning it into a support level. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
TESLA: Can the minor uptrend win? Channel - A minor uptrend exists within a main downtrend. For TESLA to officially transition into an uptrend, it must break the main downtrend and surpass the significant prior high at $313.5. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E from D did not occur, I anticipate a further 100% extension of the primary bullish momentum (A to B) from D to F ($384.6). The target price level aligns perfectly with the starting point of the primary downtrend, further enhancing the significance of the target price. Resistance level on the way - The significant prior high at $313.5 represents a critical resistance level as the market must break through it to officially reverse the downtrend. Support/ Defence levels for bulls - The prior low at $241 is a key support level that shouldn’t be broken, if the market intends to sustain the uptrend. The level aligns with two critical Fibonacci levels, adding its importance. The 0.5 Fibonacci retracement level of the primary downtrend from point X to point A. The 0.618 Fibonacci retracement level from point C to point F (assuming the target price of $384.6 marks the end of the uptrend). - If the price manages to sustain above the current level at $268, it would create the ideal scenario for a healthy uptrend. This is because $268 serves as both the original target price at level D and the 0.786 Fibonacci retracement level of the nearest downswing from point X to point A. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:TSLALong
by stock_adelie
3
NASDAQ 100 Futures for the week 2/21 to 2/14 The clear up trend and the symmetry of the prior swing pattern have been broken. The resistance turned support so well. It’s possible to see another 100% extension as bulls’ target price. However, considering what is shown in the previous point and the descending triangle that the market is forming now, I stay neutral at this moment. Conclusion: 1. Long only if the market up breaks the descending triangle. 2. Short only if the market drops below the prior low. 3. What to do when the price is going between center line and prior low? - The price would be under the center line, meaning the market is more bearish like. - But the prior low has not been broken so the down trend has not been confirmed. → The direction is not clear, and the market is likely to go sideways. Or only enter short position. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
2
NASDAQ 100 Futures short term goal Trend: Up trend. Although the market failed going up to the next channel, it's still in the up trend channel. Better not to do a counter trade. Symmetry: I use 12119 as a centerline for the symmetry. Let's look at a larger picture on the daily chart. 12119 is the key R/S line and also the 0.5 retracement line of prior swing from A to B, which I found meaningful most of the time. Below the centerline, the market is seen weaker; above the centerline, the market is seen stronger. Therefore, I will set my short-term price goal at 13485. What if the up trend channel broke? There are two situations. 1. The price is below the up trend channel but still above the centerline. → Uncertainties become more. Better wait for the price to be back to the channel or more clear signals to enter a trade. 2. The price drops even more below the centerline. → If the price drops below the center line, I see the symmetry broke. By then I will pay more attention to possible triangle forming. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!Long
by stock_adelie
🚀SYMMETRY IN BITCOIN ? 🚀BINANCE:BTCUSDT Will we have a symmetrical axis in BTC? To answer this question we have to first explain what the concept of symmetry is for those who don't know it yet. Symmetry Axis or Symmetric Axis In geometry, the axis of symmetry is a line that divides a figure into two symmetrical parts, that is, as if they were the object and its image reflected in a mirror. and start a mirrored movement to the other side, I'll leave examples here: If you only care about what happened in DXY This is a very widespread concept, symmetry can last until it no longer has a reference on the opposite side or until it is broken. (Remembering the movement is mirrored) So, considering that BTC/USDT made the first change in an important characteristic of its downtrend, I see it as interesting to look at the potential symmetry of the movement from now on, remembering that for this reading to be valid, future price movements must respect the mirrored context of the past movement. See that this context of symmetry is even stronger if the asset respects the base of the last consolidation keeping its prices above U$17600 So you think BTC might be looking for a long-term trend reversal? Leave your opinion about BTC here in the comments! 🚨Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.
Long
by leandrosander_
13
simple?this is why i'm macro bull *reminder to pinch/squeeze scales to snap shapes back into place, shoutout to my fav tradingview glitch* i'd posted an idea like this before when i was just a baby, monthly spiral made from 21 tops then visually fit, but i jumped the gun and didn't consider diff orientations, or fit to wicks...so i tried to be more careful here. could also just be confirming my bias lol which is of course the criticism everyone makes with geo / trendlines whatever. but i also wanted to show how the spirals (all made from the 2021 top wicks on their respective timeframes. backwards - november to may. dashed = counterclockwise; solid = clockwise. then visually fit to prior tops/bottoms) look different depending on timeframe, so you shouldn't take them as gospel. also, scale changes them drastically (even when you lock the scale like a good lil degen). but an idea i was toying with is that maybe they call different supports/resistances...like...the weekly spiral calls the early 2022 support. idk, there are so many ways to draw them, and they're just a tool like everything else, which is why confluence with things like fibs and price action is important. i love seeing the symmetry and the harmony, legit fascinated by this stuff en route to cracking the code <3 stay safe reminder looking at 18.5 for retest, then macro bull eng.teancum.es
INDEX:BTCUSD
by FinanciallyCodependently
EURJPY Potential Symmetry 4h1. Fib Channel - price action potentially inside of fib channel 2. AB=CD - potential AB=CD structure inside of channel. AB handle of 95 bars, potential symmetry with CD handle of 95 bars 3. Fib Projection - AB handle with 100% fib projection, CD handle potential 100% fib projection 4. Date & Price Range - symmetry between the 2 bearish moves within AB handle (25 bars/6days + 526 point drops). Potential symmetry between 2 bearish moves in CD handle 5. Price Target - watching bearish push down to resistance turned support and all of the above CD handle projections at 137.20 - 138.00 range
Short
by JabezZinabu
BTC Idea: May 19, 2022 (Fibonacci Analysis) Intraday Idea: LONG When price gets near, around & below $27K handle, look to buy . Targeting $30K handle The .50 level of the Fib Retracement & .75 level of the Fib Resistance Fan act as static & dynamic support levels. Price Target : $30,000.00 BTC SHORT When price gets near, around, & above $30K handle, look to sell . Targeting $27k handle The .236 level of the Fib Retracement & .618 level of the Fib Resistance Fan act as static & dynamic resistance levels. Price Target : $27,000.00 BTC
BITSTAMP:BTCUSD
by brandonmattis
2
DOW JONES - Finishing B-C leg. TVC:DJI is at critical levels where we could see another move lower to 31000 if the larger pattern completes. There could be one more move up to 35800 first before getting that move lower. Anything above 36k could mean ATHs again and a possible blow off top. For this month the critical date is the 11th and this could see a 2 week trend into the 27th. I will keep this updated as the are some great moves coming up either way. Weekend DOW is up 84 points so far. Monday will be the key. Enjoy the week. 👍👍
FOREXCOM:US30
by L_F
2