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618 Fibonacci Retracement

GOLD can break above? 🦐GOLD on the 4h chart after our previous analysis reached as expected the daily support at the 0.618 Fibonacci retracement. The price is now testing a confluence zone and according to Plancton's strategy If the market will break above and satisfy the Academy conditions, we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
4
$SQ BLOCK weekly 0.618 bounce????? $SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87
NYSE:SQLong
by bmoneytree
$STRN – SI 59%Stran & Company, Inc. provides outsourced marketing solutions. It offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings. The company also provides creative and merchandising services; warehousing/fulfillment and distribution; print-on-demand services; kitting services; point of sale displays; and loyalty and incentive programs. Stran & Company, Inc. was founded in 1994 and is based in Quincy, Massachusetts.
SLong
by BADQOMOCAWGOWLD
$BIRD – SI 45%Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. The company was incorporated in 2015 and is based in San Francisco, California.
BLong
by BADQOMOCAWGOWLD
EURCAD a turn at the 0.618 🦐EURCAD on the 4h chart has tested the 0.618 Fibonacci level below the 4h structure. According to Plancton's strategy If the price will break above the resistance area we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
NASDAQ a turn at the 0.618 🦐NASDAQ on the 8h chart is trading in a range between 2 structures. The price after the last rejection turned perfectly at the 0.618 Fibonacci level and is now testing the resistance area. According to Plancton's strategy if the price will break above and satisfy the academy rules we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
OANDA:NAS100USDLong
by InkyGrip
16
SOLANAUSDTHI EVERYONE!!! im here again .. im doing this everyday one trade at a time.. its because im a beginner still learning day by day.. watching my trade if valid or not.. but still continuing my trade set ups and technical chart reading.. this is SOLUSDT CHART i have already a a first trade and my wrong here is early taking up a TPA (taking profit area) i put stop loss on a same level of previous resistance but i will go up and more up.. then waiting again for the 2nd area of entry i used to find by using trend fib ret. to find more .618 with confirmation candle as my indicator and MACD/RSI hope you understand my concept.. if you have any comments and suggestion please feel free to comment here!!! THANK YOU!!!
Long
by rainiereballes2820
USDCHF on a triangle pattern? 🦐USDCHF on the 4h chart is moving between 2 converging trendlines. The price has bounced a few times over the support at the 0.618 Fibonacci level. According to Plancton's strategy IF the market will break above the descending trendline and satisfy the ACADEMY rules we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
LINA BREAKOUT IMMINENT!LINA is about to break out from its current resistance to retest the golden pocket (618) fibonacci level (0.091+) Clock is ticking. Consider a Donation: BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC ) ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC) USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20) bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441 I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
Long
by RektMyMom
GBPCHF a bounce at the 0.618 🦐GBPCHF on the daily chart reached the 0.618 Fibonacci level. The price perfectly bounced over it in a confluence zone with dynamic and static support. According to Plancton's strategy if the price will satisfy the ACADEMY rules we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
26
Eos, in a life or death situation?There is no bias for the token but there are conditions that could be the journey to the hell we have a broken Schiff level that has been pull backed to it (according to schiff fork stuff the line that is broken must be pulled back) but orders on a line could not last for ever and will weaken the line so that's one way to think of a bull market ahead we also have a bullish head & shoulder pattern which adds more to the bullish aspect of the area but there is something strange here, the price has pulled back to it's 0.618 fib level and could not get through it + we have an area which is just broken and can act as a strong resistance AND more importantly we have a YEARLY (Yes it has held the price for almost 345 days) is broken and a nice pull-back has occurred at this area What do you guys think?
by AmirRX
AUDUSD for a lower low 🦐After our previous ideas AUDUSD is moving in the expected direction. The market provided us already a nice profit with an inversion on our beloved 0.618 fib level. Currently the price is testing a daily support and according to Plancton's strategy if the price will break below and satisfy the academy conditions we will set a nice short order. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger
Short
by InkyGrip
16
AUDIO/USD Cup With Handle sitting at the 61.8% Fibonacci RetraceI originally identified a Bullish Gartley on AUDIO a few days ago and we have since seen a decent reaction from the PCZ and now I have noticed that the Full Picture looks a bit like an even Bigger Bullish Setup; A Cup and Handle and right now price is sitting at the 61.8% retrace. It seems we may see prices between $7.60-$26.00 in the future. But i still will take some profits early at the targets provided in the original smaller 4 hour bullish setup which can be found in the related ideas tab below.
FTX:AUDIOUSDLong
by RizeSenpai
GOLD on a test of the 0.618 🦐GOLD on the 4h chart has reached the 0.618 Fibonacci retracement support. The price has been recently rejected by the 1870 resistance structure and dropped sharply and for this reason we can see a further retracement to the 0.786 support area. According to Plancton's strategy if the market will break above the 0.5 Fib level and satisfy the ACADEMY rules we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
6
DXY Hidden Bearish Divergence close to ResistanceThere's a lot of uncertainty in the markets right now, hence the spike in the relative value of the dollar. A lot of investors in the world are flocking to the dollar. They believe a crash is coming and best believe it is but not before the biggest blow off top ever. The meltdown will be devastating but not until you see crude oil reverse. Crude oil bullish move is just getting started. Don't be shorting this market, you will most likely get burned.
TVC:DXYShort
by FreedomBuilder
GBPCHF end of a long retracement 🦐GBPCHF on the daily chart reached the 0.618 Fibonacci level and turned to the weekly resistance. The price is in a long retracement and according to Plancton's strategy if the market will break above and satisfy the ACADEMY conditions we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
12
AFRM looking goodI am playing the same Fib retracement & EMA cloud setup on all my picks this week. Trying out a new strategy. AFRM retraced to the .618 and reacted beautifully. Double bottom at the .618 plus the wick on Friday's candle shows it is a valid level of support. This area has been prior resistance turned to support so that gives me additional reason to believe we will get a bounce. Blue EMA cloud is also acting as support at that level. If the .618 is breached and a candle on the 1HR closes below it I will exit the trade. Looking to ride this back to $150 be the end of the week.
NASDAQ:AFRMLong
by chaseflores10
GBPJPY | Perspective for the new weekThe British pound initially tried to rally during the course of the week but turned around to show signs of weakness especially with the formation of an inverted hammer (a bearish trading candle that may indicate that price has reached its peak) on Wednesday. However, zooming out to the larger perspective on daily and weekly time frame, I have observed that price might be going through a correction phase that intends to test Breakout zone @ JY152 to incite a rally in the coming week(s). And with some level of patience, we can take advantage of a Bullish run if it finally happens. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Triple Bottom) | Breakout Observation: i.Since the beginning of October 2021, the Pound recorded an enormous 6.04% growth against the Japanese yet but gave up approximately 60% of its gain in the last 3 weeks to settle around the Breakout zone (which is also the Key level) @ JY152 area at the end of last week trading session. ii. In the last four months (between July and October 2021), we have witnessed multiple rejections of JY149 to set the tone for Bullish momentum. iii. After multiple attempts to overcome the Supply zone around JY152, the significant Breakout of JY152 recorded on the 8th of October reveals an emphatic breakthrough for buyers hereby supporting a bullish bias for me. iv. Technically, the appearance of a triple bottom look-a-like is a bullish chart pattern characterized by three equal lows (JY149 area) followed by a breakout above the resistance level (JY152 area). v. This important and strong reversal pattern reveals the strength at which the buyers are taking control of the price action from the sellers. vi. Following the major uptrend that began on the 1st October 2021, it appears price is going through a correction phase that might culminate around a 61.8/78.6% retracement of the impulse leg to incite a Trend continuation. vii. In this regard, I have identified a new Demand level around JY151/152 area for buying opportunities in the coming week(s). viii. At this juncture in the market, I am of the opinion that above the Key level @ JY152 remains a safe have to take advantage of a buying opportunity Caveat: Please note that it is likely that price go much lower if breaking down below the Key level happens in the coming hence it is important that I state here that above the key level remains our comfort zone to buy the Pound... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:5 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NZDCHF turns at the 0.618 🦐NZDCHF after the recent high started a retracement move. The price reached the daily support and tested the 0.618 Fibonacci retracement. At the moment the market is over an important confluence zone which is created by a trendline and a structure. According to Plancton's strategy if the price will break below and satisfy the academy conditions we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. 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 the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
NZDJPY on a Fibonacci bounce 🦐NZDJPY on the 4h chart after the rejection of the weekly resistance started a retracement move. The market has tested already the 0.382 level but we can see some key support at the 0.5 and the 0.618. According to Plancton's strategy if the price will provide us a sign of inversion and satisfy the ACADEMY rules we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
by InkyGrip
4
EURUSD a retest of the weekly resistance 🦐EURUSD on the4h chart is trading near to a weekly structure. The price after the test of the 0.618 Fibonacci level is moving to a minor support. According to Plancton's strategy if the market will break below and satisfy the Academy rules we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. 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 the Plancton0618 strategy will trigger.
Short
by InkyGrip
4