In technical analysis, Fibonacci retracement levels indicate key areas where a stock may reverse or stall. Common ratios include 23.6%, 38.2%, and 50%, among others. Usually, these will occur between a high point and a low point for a security, designed to predict the future direction of its price movement
Market Structure + Orderblock + Fibonacci Retracement = Failed Here's why: Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant. Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob). It was just a right trade at the wrong level.
We have been inside this green triangle since 1915. The downtrend line has been tested a few times and this is the first year it actually went past it and recently came down for a retest. Hard to feel like inflation has peaked also considering oil is still in an uptrend and the Fed couldn't have been more hawkish in the last Powell's speech, so we may be up for a...
Hi everyone, Yesterday I talked about how VETUSDT might go back to its demand zone. (link down below) Today, as I expected, we are not going to have any volatility and it is going to be a bit quiet than the last couple of days. This is only a probability but we might still have some moves. For DOTUSDT, we are in a wedge and we are most probably doing a...
OANDA:EURUSD Time Frame: 1 HR TP 1: 1.02258 TP 2: 1.01946 TP 3: 1.01532
AMD: Using fib retracement, after an impulsive move a pullback to the 0.5, 0.618, or 0.786 is very likely and healthy in an uptrend. ~ Golden cross happened on the 11th signaling the start of another uptrend. ~ on the 11th AMD did a similar but smaller sized impulse with a pullback to the 0.786. This helps visualize the theory of fib ~ RSI on the hourly has a lot...
.80 might just be that entry?? cei 2 hr retrace ??
Update from the previous post, we broke the downtrend, the wedge posted wasn't a great setup once we started breaking lower. We will see if we reject these retracements above between $1.50 and $1.80 then we can expect a move down. Alternatively, if we push towards $2 a break above would expect a continuation. More to follow soon.
This shows the 2 scenarios I see playing out this month. I think we fill in the wick towards $0.66 either way, but once we see that we could either: 1. Continue higher breaking $0.80 and moving towards $0.95 - $1 If we see a high timeframe candle closes above the wicks at $0.77 - $0.78 2. Once we retrace back to $0.60, we slowdown again enticing more noobs...
This fib has played out almost perfectly, on here and the dominance chart too. if we drop down to the daily timeframe we can see it abiding by the retracements a lot better. Should be an interesting few weeks!
Just comparing this to my last chart We have a double top wick on both patterns where there after the 61.8 retracement held up gearing up towards to the bullish move to $0.60+ I am expecting to see the same again coming in a similar timeframe.
I have revised this wedge / triangle to suit the 12H timeframe which includes a solid fibonacci retracement. The price action did not abide by the previous post so amending it to suit the most recent high and lows makes more sense. If we zoom into the 4H we can see the 61.8 being respected and now the 78.6 being tapped to a T Should this hold and we see a solid...
Following my Daily chart on this chart: This intraday fib adds up to see a push up to 93.5 before we get an idea on who tf won this election, Jan 20th. From there I would expect the $ to continue crashing, just an idea. I would not trade this as it is going against a heavy downtrend since March though it is good to add it as a confluence to other pairs. If...
More fibs aligning within the higher time frame ones Weekly 78.6 - Thick Red Line Below .27 4H 61.8 - Thin Black Line 15m - Retracements These have been tapped and closed on quite precisely, should be a good week...
Just a cleaner version of my previous chart published. December should be a good month 👍
Following my previous 4H chart posted: Taking a buy based on the 4H closing at the 78.6 fib and at the low of the wick to the left creating a head and shoulders formation after a double bottom at support. We are very bearish atm for this pair but with the alignment of fib levels on the 4H chart posted seem too good to not try and trade. I feel $16,500 has...
Currently at the monthly candle closes this huge spike, still think we need to pull back to sub $0.20 before any major $1 moves in my opinion. Either this moons in January or November i don't see it being this year though it would be nice, a cross point has just shown itself now. Lets see if this fib plays out and how these daily canldes closes, the weekly also...