786 Fibonacci Retracement
Weekly Hidden Bullish Divergence at a 78.6 Retrace.Last week we closed bullishly after bouncing off the 200 week SMA and staying above the 786 retrace, we are showing Hidden Bullish Divergence I think this looks to have potential to be a Bullish Gartley i will put my stop somewhere below the 200 week SMA and as for profit taking targets we're going all the way!
Big Short for TwitterTwitter on the daily has been looking questionable recently with 2 daily spinning tops in a row while quietly going down.
You're also showing an argument for Bearish Divergence on the weekly MACD and RSI with very weak looking price action:
I expect a 78.6% retrace out of this.
weekly fibs say....Bitcoin is out of steam
weekly fibs show we are at a perfect level to turn around.
All time high to 3k swing low fib we just hit the .786
3k swing low to 14k swing high is almost at the 1.272 ($16,741)
Banknifty - AB=CDBanknifty might take support at 22000 as there are trendline support and demand zone too. If it reverse from "C" then 24400 target (SURESHOT) would be in cards , as there is supply zone it might take some time to breakout after some retracement and reach final target of 26000 ...
Agi about to pop!! All on daily. Big Pattern .786 retrace @254
rsi looks ready to leave bearish zone. no longer any selling pressure
potential triple bullish on mac d
EURAUD BIASHere on this pair, we can see an obvious break of structure and shift in momentum. Price created a mini liquidity pool and an obvious sweep of it, the Higher High created gives an indication for trend continuation. At the cartel candle is where ill be looking to take a long position.
If you find this helpful, kindly drop a comment below. NOTE: This isnt a trade signal but for educational purpose.
NIfty - Triangle BreakoutIn daily timeframe nifty has ascending triangle breakout but major concern is 0.786% fib ratio at 11390, which will act as resistance. If nifty able to sustain above 11390 and close above on daily chart then 11900 can be seen in coming days. Also daily trendline is supporting it very well. ISSUE IS RSI NEGATIVE DIVERGENCCE AND NIFTY PE ABOVE 32...
Be Ready for roller coaster ride in coming days. I am expecting a huge fall between 11600-11900...
Grayscale Ethereum ETHE - whale watch sell offGrayscale ETHE touches down on 78% Fibonnacci retracement perferctly to end the week, good 2 day watch. Await break up from here. Whale money moved to other waters...BTC, LINK, etc.
USDCAD | WEEKLY FORECASTAs the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us.
Tendency: Downtrend ( Bearish )
Structure: Break-down | Support & Resistance
Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum.
ii. The Bearish momentum which started last week finally breaks our key level @ 1.35500 which also coincides with a Breakdown of our Bullish Trend .
iii . Expecting a further rally to the downside in the following week(s) with a 1.414 extension target.
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward: 1:3
Potential Duration: 4 to 8 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Nirvana! Forex
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AUD/USD POTENTIAL (LONG)AUD/USD (LONG)
ANALYSIS:
- Consolidation = pending move
- Resistance at key trend level
- Rejection At Fib Level 78.80
- Previous Bullish momentum
USD/CAD Possible Downtrend about to begin
Waiting for confimation confluence
with .786 200EMA and candlestick entry
EURNZD - Looking for long entry on towards the 78.6% Retracement EURNZD is Bullish - We look to Buy at 1.7770
▪️ Continued downward momentum from 1.8179 resulted in the pair posting net daily losses yesterday.
▪️ We have a 78.6% Fibonacci pullback level of 1.7782 from 1.7661 to 1.8227.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.7685
Target1: 1.8065
Target2: 1.8150
USDJPY Trade MarkupUSDJPY has been bullish on this timeframe, expecting more bullishness as price to create a higher low at the competion of the cypher patter in alignment with institutional candle mitigation.
Expecting bullishness to clear liquidity at equal highs.
EURUSD H2EURUSD brokeout from a 4 hour flag and it an obvious short entry for retail traders. Institufional traders on the other hand would be looking towards lon entries at premium prices, the cypher pattern congruents perfectly with a 30 minutes OB and a daily 50% OB.
Heres the possible entry for the new long position on this pair... comments are welcome.
Multi Time Frame Fibonacci Convergence on WTI 4HHey Traders,
Do you see a bounce here at the former 78.6% acting support?
There is Fib convergence in this area at three layers across both the 4H and the Daily time frame.
Watching out for any consolidation or slow down at or around the 47.80 zone.
This may open the door for a move much higher to achieve a potential bullish Equal Measured Move.
Until next time. Happy Days Happy Trading!!!
MountainGuide.
Already At Pullback Zone 23.9BNB is one of my favorite things to trade. It's already at the shallow .786 fib that would be an expected retrace region for cryptos in a bull market. BTC is not yet at its .786 so BNB will probably retrace a bit farther until BTC get there.
This is one I will probably scalp the move frequently over the next day or two long. Plan is to wait for BTC to get to its zone then be a bit aggressive about finding a support area to buy on BNB.
This is short term trading only for me, probably not held more than 48 hours.
List Of Upcoming Scalping Zones: 9595, 10900, 9925It looks like BTC actually hasn't completed the impulse that started at 6400 since the current 5 wave has only printed 2 of the expected 3 waves.
Given that we're in a bull market and impulses tend to retrace to the .786 of the overall impulse we can get estimates for areas to watch for intraday reversal on the next couple wave completions.
My current list is 9595, 10900, 9925
My HODL target is 17k so this is still in an area where I am not looking to trade out of my macro account but am only scalping intraday signals and maybe holding them for a couple days at most with my smaller account.
Shallow Pullback Mode Support $250During bull markets cryptos target the .786 rather than .618 for pullbacks. In this case on eth it maps to the big round number $250.
I have all my long term positions built so this will not be an area for large trades for me but I will be watching it for intraday scalps from the low of the day to the top of the day.
Long Scalping Region 9640During bull markets cryptos tend to only retrace to .786 of an impulse. I am already have my long term position built so I am not really looking for any big trades here however the 9640 region will be an area I will be watching on much smaller intraday time frames for scalps long.
I might or might not keep a little portion of these scalps that are winners to hodl to mid summer.
