shamgar331

shamgar331 Updated 

Please take note of the levels for Target. Each Fib is a probable area for a reversal or if you are shorting/ buying puts; areas to take profit. Possible upside target; Watch for $181 to be revisited. Downside targets; $130, $105, $79, $44

shamgar331

BTCUSD hit the fib 8 level and paused. Why. If you are a trader learn the skills of using the Fibonacci extension tool. As you can see, the tool has been greatly modified where levels have been expanded to show the Fibonacci numbers (1,2,3,5,8,13,21,34,55) "Thank you TraingView for awesome user-modifyable tools!!" I've placed the high, low, high in blue using the...

shamgar331 Updated 

Gold is finalizing a zigzag (A = C) correction at $1667. This is probably the close for the week ending July 29. Then there is an hourly close/wick hitting $1648 (Fib 13 off a Fib extension from the first bearish impulse). We should see Gold rocket then. If the reaction is a strong bullish daily candle, this will be Wave 1 of a long bullish gold trend for years to...

shamgar331

Log scale monthly Trend channel from the early 2000's, cloned and stacked on top to form 2nsd channel strong bullish candle in October, with weak follow in Nov and so far this month of Dec 2022. We're at the top of the channel. Technically is a higher probability short since we have 5 waves up from the low in Jan 2021. Near-term: Target would be Fib 13 at...

shamgar331

Just sharing the initial trend channel from 1954 in log scale, then cloning the channel and stacking on top of each shift in time. critical juncture: the counter trend to the next trend line (orange dotted line) shows Apr 2025

shamgar331

It's no wonder why JXY bounced at $67, the .618 fib is a powerful level - look like an Elliott A-B-C ZigZag. Expect continued bullishness toward $75.5

shamgar331

From the last major correction , drawing extending trendlines. Measuring from the high of that correction to the low of the apex intersecting trendlines, we get 2 points to draw a fib circle that caught the Feb 2022, Jun 22 bounces.

shamgar331

To complete 100% fib extension WTI should go to $86, sideways to up at $90, then short to $79.50ish

shamgar331

Based on price drop through Fib 1.618 on Apr 22, 2022 without a pause, price will revisit (bearish rally) this area

shamgar331 Updated 

BTCUSD is at the 3rd/4th touch on up trendline support and almost sitting at the 4.618 fib from Bitcoins 10-Nov-2021 high fib extension. If Bitcoin finds support at 4.618 fib, a reversal should push up to fib 2/1.618 should be the next target between $52,997 and $55,538. These are real targets for the optimist. But Bitcoin has broke most recent high fib 8...

shamgar331 Updated 

Following the fibonacci ladder of decent, $1769 is the next area of support. If not a sharp bounce or cuts through fib 8, fib 13 at $1358 is next support level. Upside resistance $2047(unlikely), $1965, and $1883

shamgar331 Updated 

Red dots represent channel points, then it's cloned and stacked. This is the area of weekly uptrend support, so if Nasdaq is going to find support bullish, this should be it. Lower time frames also are showing Fib Extension support from the highs in Nov 2021. And we are at a .382 fib between larger time frame Fib 21 and Fib 13. I can count 5 Elliott waves down...

shamgar331 Updated 

Lets see what happens at the 100% zigzag extension at $56.26 / $56.31

shamgar331 Updated 

Purple horizontal lines represent reverse fibs from $75.57 to $35.40 using all fibs 5,8,13,21,34... Channel is simply $189.10, $189.70 and the high of Feb 10's high of $193.80, then cloned and stacked. Look for reversals/support at these points. Tesla looks good toward $1384.09 near Mar 2022 where we can expect a pause or slow reversal/correction. In the...

shamgar331 Updated 

Based on price action and fibonacci, In the short term, I think UJ will rise to fib 8 or 125.46; breaking the top. I'd really be surprised if it didn't hit fib 8 at the least. Afterwards look for a reaction; we should see a breakdown toward the fib 1.618 at 117 as its end point before reversing higher. Although bullish on the dollar, UJ and other YEN pair rose too...

shamgar331

Bearish toward 116 / 114 (Light blue) If TLT bounces strongly at 116 (Fib 1 Elliott zigzag from earlier highs weekly chart) expect it to move toward 128 and pause for a correction. (Dark blue) If TLT passes through 116 to 114 (Fib 8), expect a strong bounce then climbing up the Fibonacci ladder toward 122 for a corrective move higher.

shamgar331 Updated 

ARKK starting wave 3 of C, If we get a bounce to the upside near $103, sell. Levels to keep an eye out for possible reversals to the upside retracement before continuing the fall toward $44.32 $81.40 .382 fib of the 2020 low to 2021 high $70.12 fib 8 - we should see a lot of sideways movement here or price coming back to this area repeatedly. $49.33 fib 5

shamgar331 Updated 

I can see BABA hitting the 1.618 zigzag correction ( wave C ) by the 2nd quarter next year by the latest, Dec 2021 if it's incredibly aggressive. watch for reactions at the blue lines May have a nice rebound/pause/consolidation at $130