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Fibbonachi

FTSE 100 Big triangle from 2023 breakout and retestOn the Daily chart for FTSE 100, we can observe a massive triangle that was forming in 2023. It started in Februaty and produced a breakout in December. For the past few days the price has been correctign and now it's retesting the resistance of the triangle, now acting as a support. This support is aligning with the 0.382 Fib and the 200 SMA The development on it is very important. If the price provides a reversing indication in the following hours, this can be a nice entry for a trade that can target the previous swing high at around 7750 - 7770 and bossibly higher
CAPITALCOM:UK100
by RTED_Investing
#EURCAD selling possibilityHello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily timeframe for this pair, you'll notice that the price broke above the bearish trendline last week but failed to follow through and has since consolidated around the bearish trendline. This appears to be a false breakout. Furthermore, the price's bullish moves seem to occur in a corrective manner, indicating a lack of clear intention for a bullish move, at least for now. For a more conservative trading approach, you can consider waiting for a bearish breakout of the short-term bullish trendline or simply waiting for a candlestick confirmation to validate a downward movement. It's also worth noting that there's a possibility that the price may test the previous top formed and extract liquidity from there before reversing to the downside. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
by mohemati
5
BTCUSDT Potential Bearish Reversal: Targeting below 19800Analyzing the 3-day timeframe for BTC/USD, two primary scenarios arise: Bearish Outlook: Current wave XX-Z indicates a possible triple combo wave W-X-Y-XX-Z. With wave X potentially concluding, a move downwards for wave Y is anticipated. Bullish Correction: Despite a bullish market, a correction wave 2 could drive prices down to 23,700, below the 0.5 Fibonacci level. An emerging "head and shoulders" pattern supports a bearish trajectory, targeting a price equivalent to the height of the formation, indicating prices below 19,800. Recommendation: Watch for a confirming bearish candle pattern on the 1-day or 3-day chart. Ensure proper risk management and consider external influencing factors.
BITSTAMP:BTCUSDShort
by tim13l
Unlocking the Next Bull CycleBitcoin's journey is often marked by key technical levels, and its monthly chart has a fascinating story to tell. The 0.5 Fibonacci retracement level from the All-Time High (ATH) has historically acted as a formidable resistance. Today, we find ourselves at a crucial juncture, echoing the past. To embark on a new bullish cycle, we need to conquer the 50K milestone. Historical Significance of the 0.5 Fibonacci Level: The 0.5 Fibonacci retracement level is a significant technical marker on the monthly Bitcoin chart. It represents a retracement halfway from the ATH to a significant low, signifying a pivotal point in the asset's price history. Historically, this level has posed a challenge for Bitcoin bulls, often requiring considerable momentum to breach. The 50K Milestone: As we observe the current market dynamics, it's evident that we're in a situation reminiscent of the past. The 50K level is not just a psychological barrier; it's also in alignment with the 0.5 Fibonacci retracement. Breaking above 50K could signify a new era for Bitcoin, potentially initiating a fresh bullish cycle. What to Watch For: Monitor Bitcoin's price action closely as it approaches the 50K level. Look for signs of strong buying pressure, increased trading volumes, and positive sentiment in the crypto community. Be aware of potential retracements or false breakouts; these are common in the crypto market. The Bigger Picture: While breaching 50K is a significant milestone, it doesn't guarantee an immediate and sustained bull run. Consider the broader market context, macroeconomic factors, and institutional involvement in your analysis. Diversify your trading strategy and have risk management measures in place. Conclusion: The 0.5 Fibonacci retracement level has historically held the monthly Bitcoin chart in check. Now, as we approach the 50K level, we stand on the precipice of a potential new bullish cycle. However, history reminds us that we must tread cautiously and stay vigilant. Breaking through 50K could usher in a wave of optimism, but it's essential to be prepared for various market scenarios. Keep a close eye on the charts, follow market sentiment, and, most importantly, manage your risks wisely. The crypto market is full of opportunities and challenges. It's a thrilling journey, and every milestone reached is a testament to Bitcoin's resilience and potential for growth. 🌟📊🧐
INDEX:BTCUSD
by AlexWhale
Long BTC/USDTP - Potential MM's Weekend TrapLooks like a 5-wave Elliott wave move up, with waves 3 and 5 hopefully hitting over the weekend. Wave 0 starting during the NYC session/reversal, potentially offering-up a nice “market maker weekend trap”, topping-out at wave 5. If true, price should also retrace back down for the “midweek reversal” next week. Invalidation (stop loss) would be price closing below wave 0 (red S1 line on the CPR). Shout out to Tino @TradersReality Craig Percoco, @TradeTravelChill and Anup's magical CPR.
Long
by dimuthj
Analyzing Potential Price Reversal on Nasdaq Using Technical IndIn recent market observations, the Nasdaq has displayed a noticeable downtrend, reflecting bearish sentiment. To gauge potential price reversal opportunities, a combination of technical indicators has been employed. Key Points: Point of Control (POC): Analysis of the volume profile revealed a significant Point of Control (POC) at a specific price level. POC can act as either a support or resistance level, depending on price movements. Fibonacci Retracement: The 61.8% Fibonacci retracement level, a renowned area of interest, coincides with the identified POC. This confluence highlights the potential significance of this level as a reversal point. Strong Support Level: Concurrently, the price is situated at a historically strong support level. This enhances the probability of a reversal, as this level has proven resilient against downward pressures in the past. Volume Decrease: An observation of declining trading volume in the current price area indicates waning participation and market exhaustion. This phenomenon can signal potential shifts in sentiment. Implications: While these technical factors collectively suggest the possibility of a price reversal, it's crucial to exercise caution and consider additional elements: Seek confirmation from complementary indicators like bullish candlestick patterns, positive divergence on momentum oscillators, or trendline breaks. Stay informed about relevant news events that could influence market sentiment, potentially overriding technical signals. Implement proper risk management techniques, such as setting stop-loss levels, to mitigate potential losses. Remember that while technical analysis provides valuable insights, it doesn't guarantee future price movements. A holistic approach that integrates technical, fundamental, and market sentiment analysis is essential for making informed trading decisions.
OANDA:NAS100USDLong
by Mag_tha_Trada
USDCAD to find support at market 61.8% retracement?USDCAD - 24h expiry - Previous support located at 1.3525. Previous resistance located at 1.3600. The corrective move lower has stalled overnight and reacted higher from in front of the 61.80% Fibonacci retracement of 1.3525. We expect a reversal in this move. A move through 1.3560 will confirm the bullish momentum. We look to Buy at 1.3530 (stop at 1.3490) Our profit targets will be 1.3630 and 1.3650 Resistance: 1.3580 / 1.3600 / 1.3700 Support: 1.3525 / 1.3500 / 1.3475 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
FILUSDTAccording to the price chart, it is located in the overlapping area of ​​the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of March. And the least I expect after the correction pattern ends is for the price to rise to the top of wave A or 1. But the main targets of this price increase are respectively $20 (100% Fibonacci extension of wave A or 1 from the bottom of the corrective pattern) and $46 (162% Fibonacci extension). And finally I see $183 (Fibonacci extension 262%).
Long
by Mr_elliottt
AAPL Limited upside short term? Apple will have its day at new highs and that's what long term investors need. For those of us that are looking to make short term money, I'd say that it looks like aapl wants to test that 61.8% near 160 before starting a deeper decline. There's still a lot of bears out there evidenced by the options open interest through March so this will take a while if it happens at all. I'm looking for a target between 113-110 and am willing to wait a year for it to hit.
NASDAQ:AAPL
by bitdoctor
Dont be fooled by the pump!!!!!Bitcoin has no value. Its value is made by human emotions. What happens when humans enter the depressive state of mind? Bitcoin will no longer be supported nor be interesting. Last time I posted on Bitcoin, I said that the narrative that would drive the price down was corona. And i quote: "With this corona bullshit..." This time the narrative will change. WAR and INFLATION will drive bitcoin down this time. WAR and INFLATION will make people enter a depressive state of mind. DXY will be pumped (WAR will cause this) = Bitcoin dumped. Short the next pump to 25k and join me on this ride to the ashes. "What has been will be again, what has been done will be done again; there is nothing new under the sun." Ecclesiastes 1:9 Thank you!
Short
by Chew5Gum
8