Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci...
English First of all, we have a bearish structure on monthly timeframe, on weekly and daily is the same, but looking at it on 1h and 4h looks bullish with HH and HL, I believe the price is going up because of its structure and I´ll be waiting for it to get in the 200% extension and then have a retrocement in the 1.27 level, the market usually does those kind of...
English I´m going to make an analysis on a monthly timeframe looking for our market structure, we have all the HH and HL with at least 50% of our fibo retrament. We take a look at the fibo retracement to see where could I take profits when the price breaks the last H and we found two interesting zones (-10% and -27%), that is a rare way to use the fibo...
English On a weekly time fame, I found a possible TP for the ones who are buying BTC and that zone is good to see how the price reacts and wait for a bearish movement. On the other hand, the daily escenario we have a zone where we could buy again this asset after a retracement, but we have to keep an eye on the news because of the ETF approval scenario which makes...
English First of all, I looked at the market structure, we have a pretty clear bullish structure, the first HH and HL were OK in its structure without any debt. Then, looking at the next HH and HL, we noticed that the price didn`t cover at least the 50% of our Fibo, so we still have a nice zone to keep an eye on it for future bullish movements. I used the fibo...
- Gann Fib box + Trend Based Fib Extension. - Nothing is drawn. - Just used Fib rules and removed less important % to keep it clean. Happy Tr4Ding !
On daily chart BINANCE:GALAUSDT touched at this level 0.0442 twice and bounce back. This signal can make a double bottom to create an optimistic but I doubt about this sign. Price action just above middle line of channel and closest candle which has lowest price of the day. Both of signs aren't good for a bullish. Besides, GALA has a next support at...
The purple line is Fibonacci extension Target.🟣 Red lines are support and resistance level.(daily)🔴 The blue line is Fibonacci Retracement 0.618 Levels.🔵 The green line is Fibonacci Retracement 0.786 Levels.🟢 Share this with your friends if you like it. enjoy it.
There Is 2Scenario analysis Jus Right Now ! It can be go Trough Blue TPs Or Red TPs ! But according to Trend Line In my Opinion It will Touch The Fibo 0.00% ( 0.98162) In the worst Way It will touch fibo 50.00% (blue) (0.95266) Then Can Change The trend To Way To Top and It depends To btc ! If BTC/USDT Can save The 58.000 Candle Today ! Ada Will Grow And comes...
BTC reacted to PRZ (1) , Let's see next reaction to the PRZ (2)
Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind...
Torrent Pharma forms double top on 1 Hr time frame, also forms symmetrical triangle pattern. If pattern breaks then expecting targets around 2080,2040,2000 and 1950. Entry range for shorting could be below 2190. Expecting good R/R ratio. View invalid if price moves above 2250. I will be posting complete analysis video soon. This is for educational purpose only.
Without hitting the 1.618 level, BTC is still very much remaining in bearish mode in medium term. For traders still in short from much earlier, recommend holding and trailing it to at least 6,300 level. For traders looking to turn bull, patience should be exercised till it hit 6,000 to 6,200 levels. Thereafter wait for retracement before entering for a...
in Daily chart: Support level at 1258-1266 61.8% fibo retracement > Buy Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0 -Stop : 1263.5 (65 pips) -TP1- : 1285.0 (150 pips) -TP2- : 1307.0 (370 pips) -TP3- : 1324.0 (540 pips) in weekly chart: Uptrend line Support level in 4H chart: bottom of the bearish parallel...
NASDAQ:DISCA Hi guys In the chart above I draw what I found at DISCA chart, really strong bullish Fibo Cluster, where 3 types of analyses meet each other: 1) Elliott cycles - from 31 December 2013 to 16 November 2017 there was a bearish downtrend, long correction of the previous cycle, but it was completed on 16 November 2017 and next bullish cycle had...
100 Risk, 500 reward for 100 days market happy swing trade use small lot to test it, then add more position when latest swing is created
Reason to Sell 1) 11400 = weekly resistance 2) Fibo Extension 1.414 3) Lower low Stay tuned !
eurusd short short term -mid term -long term tp1- 1,152 tp2-1,125 tp3-1,088