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Extensionfibonacci

EURUSD - Elliott wave – monitoring motive wave i-v alt abcprevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in a motive mode wave iii over 1.2151 (fib 1.618 wave i ext - losing momentum) wave iv unfolding (expeted sideways - test 1.2114 area) ALT: continuation of wave (ii) subminuette correction abc if motive i-v fails critical price area previus daily close 1.2145 PP 1.2120 FIB 1.2116 ( iii ret 0.382) – 1.2153 ( (ii) ret 0.786) static S/R 1.2153 critical R volatility D 1.2092-1.2182
Long
by francescoforex
$SPY fly too highAnother idea why the $SPY has had an incredible run. A simple and effective analysis - K.I.S.S! 200 SMA DIFF = - The spy has historically respected the daily 200 MA. In four different sequences, we see 3 times where there is 1 return to the daily 200 MA over an extended period of time: 1. 463 Days : DIFF - 37.98% 3. 272 Days : DIFF - 23.92% 4. *+303 Days : DIFF - 39.06% *(current timeline before return to 200 MA) The fourth idea - sequence number two - returns to the 200 MA 8 times over 399 days. Where the DIFF is 12.94%. This current period (303 Days) trending without return to the daily 200 SMA is average compared two the other two period's analysis. However, the current return is more than a % of the next records return, which lasted the longest - 463 days. Currently we are above the 200 SMA by $54.21 | 14.96% TL;DR - Over extended in such a short period of time from the 200 SMA Fibonacci Orange Diagram Since the lowest point of the COVID crash - $218.26 - We have extended to a key level in this phase - the 1.68 retracement level. This key extension period displays the possible run from a pullback. Though we have hit this level with key momentum, volume and activity is decreasing (Note weakening RSI). I say, a final push bull-trap rally while past a record $400 significant whole level. Gap To Fill Another reason to be short in the short-term. Here is a great post for a short-term bearish signal: The gap to be filled at the $400 level. TL;DR #2: 1. Haven't hit a 200 SMA after an incredible run. Usually the SPY the respects the 200 a couple times over this same period. If not, they are noted above and in the diagram. 2. We have hit a key extension in the Fib, Thoughts are a Final bull trap rally in the 400+ space. Exhausting volume and weakened RSI. 3. If you do not want to be long, there is a good analysis on the gap that should fill - Link for this analysis above. Best of luck and all love traders
AMEX:SPYShort
by Langutang
How I Calulate the Fibonacci retracement and extensionsThis uses BE as an example of what I do when I calculate the Fibonacci retracements and extensions, which are used to measure corrections and future price targets. Retracements I start by finding the location of a correction. I define a correction as anything the closes below the 20 period moving average. The lowest point in that correction becomes the first point of my Fibonacci retracement. Then you need to find the high prior to the next correction - that will become your second point of the Fibonacci retracement. What you have after that will be the Fibonacci scale. Corrections are expected to occur between the values of .5 and .768, with many ending at .618. This is the predicted bottom of the correction. Fib Extensions Adding to this we can make predictions as to the next Price Target (or correction point). To so this just add a Fib Extension to your chart, the first two point reuse the two points determined with your Retracement, the third point is the actual low point of the retracement correction. This will add a positive Fibonacci scale, which you can use to make future Price Target predictions. Typically is your retracement was between .5 and .768, you can expect the PT to be around the 1.618 on the scale. From my diagram you can see that I have one completed correction/surge cycle which matches nicely with the expectations. There is also the next PT, which is yet to be completed, which lands us at the $77 range. Hopefully this is helpful, as I think it's a pretty simple yet powerful technical analysis tool!
NYSE:BEEducation
by dzygadlo
8
Regis Resources Limited (RRL) - LONGRegis Resources Limited (RRL) - LONG Regis Resources, together with its subsidiaries, engage in the exploration, evaluation, and development of gold projects in Australia. The company owns 100% interests in the Duketon project located in the North Eastern Goldfields of Western Australia; and the McPhillamys project situated in the Central Western region of New South Wales. Regis Resources Limited was incorporated in 1986 and is headquartered in Perth, Australia. Technicals: This is a med/long term hold for me with a phenomenal RRR. On my previous analysis I mentioned that from the extension of the descending triangle, a further move down to the $3.15-$3.35 mark was imminent (which is coincidentally where the long term trendline support, and major all time fib support of 78.6% exist). A long entry around this area would present extremely good risk/reward. Conservative traders could look for a dow entry off the bounce. Fundamentals: RRL is significantly undervalued. It has a PE ratio of 9.5 compared to the Metals and Mining industry average of 12.6. Furthermore, it’s PE ratio (9.5) compared to the Australian market (22.6) makes it even better value. RRL also has very high quality earnings (see attached spreadsheet) and has historically grown by 15% annually (this year actually at @ 22.2%). It’s net profit margins have consistently increased as well. It doesn’t take a rocket scientist to look at the escalation of the revenue and profit over the past 5 years to tell that this is a company that is very well structured and financially stable; 5 years ago it’s debt to equity ratio was 4.9% and now it is debt free and also has a 23.9% return on equity. It’s seen some noticeable purchasing from directors and major shareholders since November, which is also a positive sign. Although the average management tenure is 1.4 years, Mr. Jim Beyer, has been the CEO and Managing Director at Regis Resources Limited since October 15, 2018. Previously he was the CEO of Mount Gibson Iron Limited from December 2011 to May 14, 2012 and its Chief Operating Officer from November 2011 until May 14, 2012. In addition he has also held general management roles with Newmont Mining Corporation where he was responsible for the development and implementation of Business Improvement initiatives and Technical Services support across the Asia Pacific region. He served as Operations General Manager for Boddington Gold Mine from 2007 to 2010, where he was responsible for start-up preparations, commissioning and production ramp up. He was General Manager of the Pajingo Gold Mine from 2004 to 2006. He has a broad range of operating and start up experience encompassing 25 years across a number of commodities. In the past ten years he has held general management, operational and planning roles with WMC Resources at its Olympic Dam operation. Mr. Beyer holds a Bachelor of Engineering (Mining) degree, a Masters of Geoscience (Mineral Economics) and is a Vice President of the Executive Council of the Association of Mining & Exploration Companies (AMEC). Never take stock tips. Educate yourself and always DYOR whilst implementing a rigid risk management plan before investing your own money.
ASX:RRLLong
by simplyasx
2
Wave 5 Trade Setup Sooo Close to TriggeringBased on our updated wave count we appear to be in wave 5 up of an ascending impulse at the minor degree. Although we have daily buy signals that align with our daily bullish momentum, we have not entered a trade because our weekly momentum is still bearish. We hope to enter the trade soon when all 3 are in alignment. A riskier trade setup would be to start scaling into the trade now, but that does not align with out trading plan as we have just started following EURSUD. Our first profit target will be the .236 fib extension.
Long
by tricor2000
Next target is 38kHi there, Let's work a little bit on our last plan: - Wave 4 could have not yet found its end and might consolidate into a running flat headed towards 61.8% ($31,640) or 100% ($29,120) of its first wave (blue ABC on my plan) - Nevertheless I still expect we're pumping into light green wave 4 headed towards 38k (161.8%) as double top is over - Internal count is clean and would probably lead us in the end of the last of the last impulsive waves around $37,580 (61.8%) or $39,360 (100%) - Anyway, it's a most bullish plan but we should see a strong correction after reaching that top (probably around -40%) Let's see what it turns out like!
Long
by Khosravani
1
OMGUSD longer term idea Huge (10$?)Hi everyone, I am back with a quick update for two of my favourite coins. There will be a more in depth analysis, but right now I am super busy and I don't have time for a full write up, so here is the gist. What we saw on the 17th of august was the first wave up of the larger cycle. We finished our w,x,y,x,y,z correction, and as you saw from my most recent omg t.a we spiked up. I believe that this spike upwards was the first wave of a wave that is going to send us above the previous highs. Notice how the macd is floating around the zero line on the 4 hour. This is a sign that we are headed on our way up. I would be really careful at this time, to make sure that you don't hop in prematurely. Just watch, and I will keep you updated for a point of entry.
BITFINEX:OMGUSDLong
by Mika_k
2
AUDUSD $6,300 TRADING OPPORTUNITY 92% PROBABILITY OF SUCCESS 9/19 MARKET HAS BROKEN THE LONG TERM TREND LINE AND HAS A CONFIRMED RETEST TO THE DOWNSIDE I AM VERY INTERESTED IN SELLING OPPORTUNITIES AT 2 HR HIGH PRICES I WILL PLACE MY STOP ABOVE THE 2 HR HIGH AT .7360 AND TARGET 2 AREAS 1. POC .68850 2. DAILY .382 R5 . .6650 DIRECTION : UP (SHORT TERM) POS RATING: 92 RISK: 65 PIPS REWARD (TP2): 630 STANDARD LOT COMPLETE $6,300 IF YOU LIKE MY ANALYSIS DROP A LIKE AND SHARE IT TO SOMEONE ELSE
by CarterKyleCapital