Get started

Fibonacci

Russell 2000 Short: Expecting 3rd WaveI haven't updated Russell 2000 in a while since I suggested the triple combination and a short. Nevertheless, here's the updated wave counts since then and right now I see another opportunity to short. As you can see, the stop is above recent high. However, I also put in a note that says to be ready for a z-wave. Meaning the small upmove recently could be a wxyxz instead of a simple abc. I am not sure why, but it seems like triple combinations are getting more and more common and one really has to be wary of such persistently unhealthy correction.
PEPPERSTONE:US2000Short
by yuchaosng
$SPY November 5, 2024AMEX:SPY November 5, 2024 15 Minutes. For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels. For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels. Now we have a sideways in box range between 575 to 567. Bias id down as AMEX:SPY below all moving averages. The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence. Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move. Bias is towards short side.
AMEX:SPYShort
by RiderTrader
17
GbpJpyExploring the GBP/JPY pair, a popular currency combination known for its volatility and responsiveness to global economic events. This pair typically reflects broader economic trends between the UK and Japan, influenced by factors like interest rate changes, geopolitical developments, and economic data releases. I analyze GBP/JPY through a blend of technical and fundamental analysis, considering recent policy adjustments from the Bank of England and the Bank of Japan. My approach highlights key support and resistance levels, potential trade setups, and the impact of risk sentiment on price movements, aiming to capture profitable opportunities while managing risk effectively
Short
by RubenK99
1
SLV eyes on $29.48: first/best of 3 possible supports for longsThis is in conjunction with my big picture Silver chart (click). SLV has had a significant pullback that may be done. Ended last week dancing on a pretty serious support. Ideally this is bottom, or should at least bounce a bit. $ 29.37 - 29.48 is the immediate and best support $ 28.83 - 28.89 is the next and moderate support. $ 28.37 - 28.40 should be strong and is CRITICAL. ================================================= .
AMEX:SLV
by EuroMotif
GOLD heads up into $ 2,700: long term target and possible "Top"Follow-up to my previous $2700 call (click). The uptrend has continued exactly as "expected". We are now approaching a "natural endpoint". Natural as in a Wave 5 that does not "extend". Even if 2700 is not the top, expect a pullback. Commodities are known for extended wave 5s. So very possible we go higher after a dip maybe. $ 2695.15 is a Golden Genesis fib, a BIG deal. $ 2710.21 is a local Golden and Wave ender. $ 2762.41 is the medium-term Wave ender. =========================================== .
OANDA:XAUUSD
by EuroMotif
GOLD 05/11 OTE Order Block (OB) Zone: The chart indicates a strong resistance level in the red-shaded area labeled "-OB" around 2,750. This zone signifies a potential reversal or strong selling point if the price reaches there, aligning with an Overbought Trigger Event (OTE). OTE Zone: This Optimal Trade Entry (OTE) zone is marked in blue below the OB zone. It’s a significant level, usually associated with retracement and an ideal entry for short positions if price action confirms resistance. Support Levels: The green lines around 2,727 and lower levels indicate multiple support areas. They suggest potential bounce points if the price declines, aligning with the Fibonacci
OANDA:XAUUSDShort
by Engineer2008
Alikze »» CKB | Corrective wave AB=CD pattern🔍 Technical analysis: Corrective wave AB=CD pattern - In the weekly time frame, after filling the FVG gap, it has faced demand. - After filling the gap of FVG, this rising wave had a growth of more than 200%, which has again faced selling pressure in the supply area. - Currently, according to the bearish guard, in case of inability and stabilization above the 0.012200 area, the corrective structure will extend to the PRZ-3 area. 💎 But if it encounters demand again in the first high potential area where there is a FVG gap, it can retest the supply area. 💎In addition, if there is a demand in the PRZ-2 area, it can be extended to the PRZ-3 area with the pullback to PRZ-1. 💎Therefore, one should wait for the demand and return wave in areas with high return potential. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:CKBUSDT
Short
by alikze
Goldman Sachs (GS): Ready for a Big Correction?As we projected four months ago, Goldman Sachs ( NYSE:GS ) has reached our anticipated upside range between $516 and $575, touching $540 specifically. We've reinforced our analysis with a trend line dating back to 2016, which has been tested and validated three times. Combining this trend line, the Elliott wave count, and key Fibonacci levels, our outlook now points towards a significant pullback from current levels. Given that we're likely dealing with a larger Elliott wave cycle, we anticipate a substantial correction of around 28%. While a 28% decline sounds extreme, it's not unprecedented for $GS. The drop from the top of wave 3 to the bottom of wave 4 was 35%, and the decline from wave (1) to (2) was almost 50%. Even smaller corrections within these larger waves illustrate that major pullbacks are essential for long-term growth, especially as institutional investors take profits. With Goldman Sachs having gained 87% year-to-date—a remarkable rise in this sector—a correction is likely as big players start locking in their gains. We aren't sure yet how this correction will unfold, but we anticipate a sharper, quicker drop compared to the more prolonged wave (2) correction. A potential support level for wave A could be around $420. Meanwhile, wave C and the overarching wave (4) are expected to land between $366 and $264. We are not setting a limit order at the moment but have alerts in place for both scenarios: whether we call the exact top here or see NYSE:GS push higher before pulling back. Either way, we'll be ready and will update you as the situation evolves.
NYSE:GSShort
by freeguy_by_wmc
Coca-Cola (KO): Pullback Opportunity as Limit Order FillsOur first limit order for Coca-Cola was filled last Friday as the stock retraced over 11% from its peak at the upper trendline. Despite Coca-Cola's management expressing confidence in their recent performance, investors remain cautious. Zoran Bogdanovic, CEO of Coca-Cola HBC AG, stated, “I am pleased that our Q3 results build on the strength of our first half... However, we remain mindful of macroeconomic and geopolitical challenges.” This pullback appears to be a natural and necessary correction. Coca-Cola is typically a slow-moving, stable stock, and its surprising 43% rise over the past year warranted a healthy correction. The RSI is inching closer to the oversold zone, and a hidden bullish divergence is forming, lending support to our long-term bullish outlook. We’re prepared for a deeper retracement and have a second limit order set in the middle of the golden pocket (50-61.8% Fibonacci retracement), just above the Point of Control (POC). Given Coca-Cola’s reputation as a stable “safe haven” stock rather than a volatile investment, we’re maintaining a patient and calculated approach.
NYSE:KOLong
by freeguy_by_wmc
Short gold, TP: 2730-2725Gold may still fall back and test the support of 2725 area again At present, gold maintains a volatile market as a whole. Although gold has failed to fall below 2730 several times, it is still in a rebound structure at the short-term level. But it is still relatively weak at present, and the rebound strength is not strong, so the continuity of gold rebound remains to be seen. At present, it is still suppressed by the trend in the short term, so gold may still fall back to around 2725, so I do not recommend aggressively chasing long gold for the time being, and you can still seize the appropriate opportunity to short gold.
OANDA:XAUUSDShort
by Trading-Hawkeye
Bitcoin will trap everyone! 78k then 20% crash! (must see)Bitcoin is currently very bullish; that's clearly visible and soon will hit a new all time high. That's exactly the point where a lot of people will start buying with the belief of going to 100k - 130k. But you may know that Bitcoin is under extreme manipulation by BlackRock and other institutions. This is not a stock market, so they will not let Bitcoin go up, and instead they will trigger a massive crash back to 63k. Nobody likes Blackrock, but it's how it is. So what is the plan? First, I expect Bitcoin to go up and reach 78k. Then, when everyone buys, the price will crash to 63k. Do not forget that we also need to see a successful retest of the bullish flag. There is no retest yet. Bitcoin needs to confirm this uptrend, so do not FOMO in. I have been bullish since 60k or so, and I predicted the majority of Bitcoin movements in past months. Why is 63k important? We have a 200 daily moving average and FVG (Fair Value GAP) around this level. Also, the RSI indicator is starting to be overbought; you want to buy low when everyone is bearish. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
160
XAUUSD - Today's Setup - 04/11Good morning, traders! 🌞 Gold started its downtrend last week, so I’m keeping an eye out for sell opportunities. For now, I’ve got two key zones on my radar 📉—both align well with my confluences and look like promising spots to jump in. That said, I’ll be holding off on any trades until my payout day later this week. Just staying patient and waiting for the right moment ⏳. Wishing everyone a profitable week ahead! 💸✨ Happy trading! 🎉
FX:XAUUSDShort
by alexm1011
1
NQ Power Range Report with FIB Ext - 11/4/2024 SessionCME_MINI:NQZ2024 - PR High: 20158.00 - PR Low: 20070.50 - NZ Spread: 195.5 No key scheduled economic events High energy start to the week with significant gap down, quickly filled - QQQ daily gap above ~493 Session Open Stats (As of 12:25 AM 11/4) - Weekend Gap: -0.13 (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 299.59 - Volume: 40K - Open Int: 250K - Trend Grade: Bull - From BA ATH: -4.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024
by mv3trader5