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Fibonacci

Decoding Gold's Ascent Through Fibonacci Channels.The price of gold has been exhibiting a discernible pattern, closely tracking Fibonacci channel levels. This upward trajectory, characterized as a "gold buyers' train," has seen the price ascend through various Fibonacci channels. Notably, the price encountered resistance and stalled upon reaching a key Fibonacci level, often referred to as the "golden ratio" or a similar significant Fibonacci retracement or extension point. This phenomenon has been observed repeatedly; since 2020, the price action has twice reached and subsequently been halted at specific Fibonacci channel levels, suggesting these levels act as strong areas of either support or resistance depending on the direction of the movement. Currently, the price is approaching a third Fibonacci channel level, implying a potential continuation of this established pattern and requiring careful monitoring to determine if the same resistive behavior will manifest again, or if the price will finally break through to higher levels within the Fibonacci sequence. This repetitive interaction with Fibonacci levels underscores their significance as potential indicators of future price movements in the gold market.
AMEX:GLD
by SEYED98
EURUSD – A New High Potentially in Sight?The pullback seen in EURUSD at the start of this week, which resulted in a low of 1.1264 being registered on Tuesday may have been a natural reaction to the spike from 1.0943 on Thursday 10th April, up to 1.1473 on Friday 11th April. A quick and relentless rally (low to high) of 4.8% that caught many by surprise. Now, against the backdrop of fresh dollar selling due to a new series of tariff headlines from the Trump administration on Wednesday, the most prominent being the ban on Nvidia from exporting certain chips to China, EURUSD has started to move back towards 1.14 again with the all-important rate decision due later today at 1315 BST. The ECB are expected to cut interest rates by another 25bps, so anything else may be a seen as a surprise. This decision could be a close call given that the ECB committee seem to be split, with some more worried about supporting the economy through this period of trade war uncertainty, while others are more focused on the potential for trade tariffs to push inflation back higher. Whatever the decision, the press conference, led by ECB President Lagarde, which starts at 1345 BST could also be a focal point for EURUSD volatility as traders try and glean what they can from Madame Lagarde on whether more rate cuts are possible at the next meeting in June, her thoughts on inflation, recent Euro strength and the Eurozone economy. Technical Update: Is the Break of Long Term Resistance Significant? The current year to date phase of EURUSD price strength has seen an impressive 12.6% advance from the January low into the latest April high (1.0184 to 1.1473). However, what technical analysts are now beginning to focus on is the world's most heavily traded currency pair recent close above 2 potentially key resistance points on the weekly chart that coincide at 1.1275/1.1278. These points are equal to a combination of the July 2023 high and the 61.8% Fibonacci retracement of the February 2021 to September 2022 price decline (see chart above). While this is no guarantee of sustained phase of price strength it might well be an indication of further attempts to push towards higher levels. Potential Resistance Levels We Now Need to Monitor What the weekly chart above does show is that the latest strength has approached a previous failure high at 1.1494, which was posted in February 2022. Traders may well be focusing on this level next, as closing breaks of this resistance point might suggest current EURUSD strength may carry further. Such moves could in turn lead to a more sustained phase of price strength, with the next resistance point to consider marked by the October 2022 upside extreme at 1.1691. Potential Support Levels We Now Need to Monitor After such an extended period of price strength over a relatively short period of time there may be potential for over-extended upside price conditions to lead to the price corrections. With this in mind, it is the perhaps the daily EURUSD chart that might offer clues to possible support levels. Running Fibonacci retracements on the latest phase of price strength seen between April 4th and April 10th, we see the 38.2% retracement at 1.1244, has remained intact within this week’s latest trading activity. Any potential breaks below this level, while not suggesting a negative shift in sentiment, may prompt a deeper decline in EURUSD prices towards 1.1175, which is the 50% retracement, even 1.1106, which is the 61.8% retracement level, as seen on the chart above. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
EURNZD potential longEURNZD is in uptrend and currently have completed sub-wave 1 of wave 5 of higher degree. The question is the pullback for sub-wave 2 complete or still retracing lower? Given the wave structures looks like we might have a retrace lower to complete a complex correction wxy before we resume the bullish momentum. If we are correct we should expect price to find support around 78.6 fib retracement. Lets monitor it for a possible long(This is not financial advise, always plan your trades and execute them at your own risk)
Long
by Elliotwavesglobal
1
[ TimeLine ] Gold 14 April 2025Hello everyone, 📅 Today is Monday, April 14, 2025 I will be using the High-Low price levels formed on the following dates as key reference points for potential trade entries: 📌 April 14, 2025 (Monday) 📌 April 14 & 15, 2025 (Monday & Tuesday) 🧠 Trading Plan: ✅ Wait for the price range to form from the above candles (marked with green lines). ✅ Trade entry will be triggered if price breaks out of the range , including a 60-pip buffer. ✅ If price reverses and hits Stop Loss (SL) , we will cut/switch the position and double the size to recover losses on the next entry. 📉📈 Chart Reference: 🔗 Copy and paste this code in your TradingView URL: TV/x/ZYrPFZTC/
OANDA:XAUUSD
by lybeedo
AMZN: A Power Move for the Smart Trader | The Rebound Play?🚀 AMZN 2025 Trade Plan After an early 2025 rally to $240+, Amazon (AMZN) has pulled back sharply to around $167, opening the door to what could be one of the most attractive rebound setups of the year. With AWS still growing strong and net income nearly doubling in 2024, the fundamentals are on Amazon’s side. Add to that bullish analyst outlooks pointing to $226–$253 this year, and we might just be looking at a golden entry zone. 📌 Entry Points: Start building a position at $167 Add more if it dips toward $160 or $151 (52-week low) 🎯 Profit Targets for 2025: First stop: $210 Next: $226 Final push? $240+ This setup blends technical recovery with strong financials and long-term bullish sentiment. Patience, discipline, and solid risk management are key as AMZN finds its footing. ⚠️ Disclaimer: This is not financial advice. All trading involves risk. Always do your own research and consult with a licensed financial advisor before investing.
NASDAQ:AMZN
by Robert_V12
Reversal Coming on EUR/USD"EUR/USD approaching potential reversal zone. Watching for confirmation to short from the top of wave C. Target: previous support. #elliottwave #forextrading #eurusd” Key Takeaways from the Chart: 1. Current Zone (C Wave): Price is entering the key resistance/supply zone. C wave completion is expected here (likely the end of the correction). 2. Bearish Reaction Expected: You're forecasting a potential reversal from this zone. A short-term retracement or trend reversal is likely, marked by the red arrow. 3. Trade Plan (Based on Idea): Wait for Price Action Confirmation in the resistance zone (e.g., bearish engulfing, pin bar, divergence). Once confirmed, look for a short entry with a target toward the yellow support box. Use tight stop-loss above the resistance zone.
Short
by Greenfireforex
MEME price analysis⁉️ Maybe #MEME is trying to start the memecoin 2.0 season?) Before the strong resistance from above, the growth potential is 400%, but even this will not be much consolation for those who bought OKX:MEMEUSDT a year ago. But again, in accordance with the assumption that was written a few posts earlier: coins with market caps in the range of $50-100 million are starting to “pumping”. 💰 In general, if the CRYPTOCAP:BTC price in April is kept above $79-80k (9 days left), then May may turn out to be quite generous. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
TSLA Drill Team is Back Against the background of everything that is happening, from a fundamental point of view, Tesla is facing significant headwinds as we approach its Q1 2025 earnings. A 13% year-over-year decline in deliveries, ongoing margin pressures from price cuts, and negative consumer sentiment tied to Elon Musk’s political involvement are weighing on the company. While the energy segment and potential updates on the affordable vehicle could provide some upside, the risk of a disappointing earnings report looms large, potentially exacerbating Tesla’s challenges in a competitive EV market. Technically We see that the price is consolidating near the lower boundary of the golden pocket on the FIBO channel on the 1-hour chart. For a few days now, the price has been holding just above the 240.00 support level, but the bearish trend remains dominant with 23 out of 26 technical indicators signaling bearish sentiment as of April 20, 2025. Entry SHORT around 240$ targeting 220$ Post-earnings, we could see a breakdown below 220.00, targeting the next support at 216.00, from which the future prospects will depend. Resistance levels: 270, 250, 240 Support levels: 220, 216, 210 The price is struggling to break above the resistance, consolidating over days. With earnings on Tuesday, there’s a high probability of a breakdown if the report misses expectations or lacks clear guidance on growth initiatives. A break and consolidation below 230.00 could lead to a decline toward 220.00 or even 210.00 in the coming week. However, if Tesla surprises positively—particularly with strong energy segment growth or clarity on the affordable vehicle—we might see a reversal. Still, the current setup suggests caution, and we’ll need to monitor the price reaction closely post-earnings. Keep your long term vision NASDAQ:TSLA
NASDAQ:TSLAShort
by quantsignals
21
What If Trump’s Tariffs Are Actually Bullish for SPX ?Hello Traders 🐺 In this idea, I want to take a closer look at SPX and break down why the new U.S. tariffs and Trump’s economic policies could either boost or damage the U.S. economy in the coming months. So make sure to stay with me until the very end. 🔍 Let’s start with the chart: As you can see, SPX is currently holding above a weekly support level, marked by the orange ascending trendline. So far, so good. However, we’re also seeing a massive bearish divergence on the RSI — and in my opinion, this was one of the key reasons behind the recent Black Monday-style selloff. ⚠️ But here’s the deal: If SPX breaks below this orange trendline, the next strong support is around 3375 — aligned with the 0.5 Fibonacci level and the monthly blue trendline inside our green support zone. 🤔 Should we be bearish on SPX and the U.S. economy? That’s the big question… and it’s tricky to answer right now. Let’s break it down. 🔧 1. Tariffs and Trump: What’s really going on? We’re currently in a pause phase of the ongoing tariff war — with countries negotiating to avoid escalation. But here’s the catch: markets hate uncertainty, and that’s why we saw panic selling recently. Still, most people miss the bigger picture here. The U.S. has long been a consumer-driven economy, importing heavily from other nations. Meanwhile, U.S. producers have struggled to compete — both domestically and internationally — due to low tariffs at home and high tariffs abroad. So what do Trump’s new tariffs do? ✅ They level the playing field for U.S. companies at home ✅ They push other countries to lower their tariffs through negotiation ✅ They reduce dependency on foreign imports and support domestic production In short, if combined with smart monetary policy, these moves could actually help revive U.S. manufacturing and strengthen the economy in the mid-to-long term. 📉 Final thoughts on SPX: I personally don’t believe the bearish breakdown is coming — but as a trader, I focus on reality, not preference. Right now, we’re still holding above major support, and unless that breaks, the bullish scenario remains in play. Let me know what you think about this macro setup in the comments. And as always remember: 🐺 Discipline is rarely enjoyable, but almost always profitable 🐺 🐺 KIU_COIN 🐺
SP:SPXEducation
by Kiu_Coin
1