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Fibonacci

WIFhello to everybody and hope you are all doing well. in tonight's analysis, we are looking at WIF. the price recently shifted bearish after a fake change of character to the upside and is currently going for a pullback towards the upside and in the long term potentially take us lower. We can use this pullback in our use and actually take a long trade towards the upside. we are currently waiting for the price to have an M15 change of character and look to buy toward all of the liquidity below the zone that the price could potentially sell-off. all those liquidity pools in the chart as shown are our potential zones to target so as soon as the price shifts bullish in micro time frames I will set an order at the zone shown on the chart and take a 1:4RR. Remember to use the proper risk management system and stay profitable. thank you and have a good night
Long
by IEatGreenPaper
DELL eyes on $116.01: Golden sister of the Golden topperPlotted here is the "Genesis Squence" for this asset. It is a Fibonacci series originating from its "Birth". Each level is relevant, especially the "Golden" ones. The top was announced by a loud "Ping" on the Golden. Like from "Give me a ping Vasily, one Ping only please". A ricochet so violent that one could almost HEAR it. Now we are tickling the Godlen sister of our topper. She has recenlty proven her strength with rejections. Another rejection could mark "lower high" for a while. Click below for a SINGLE-PANE version of this plot (so you can make a copy): See previous analysis below under "Related Publications".
NYSE:DELL
by EuroMotif
2
AUDCAD SHORTMonthly Overall sentiment Bullish, I'm expecting price to continue lows having come of a tweezer top candle formation last month with price failing to close above this resistance level at 0.9375 for 2 years now with almost identical PA coming of those very highs. we have EMA support which if breached will be further confluence for big move to the downside. Weekly Overall sentiment Bullish, although looking at PA in the bigger picture it seems bullish with price closing below my AOI and dynamic ema resistance I feel there is a chance we can get a ema crossover if PA continues bearish for the early part of next week with aims to fill out previous weekly candles wick. On the other hand any significant change of character or bullish formations or closes above 0.9200 key level and just above previous weekly highs would be a signal of a reversal. Daily Overall bearish PA producing LH & LL, I like this daily chart as PA is ver simplified along with LL/LH we have price consistently rejecting AOI at 0.9170 this area is now acting as a resistance whereas it was previously support for the month of October, further confluence is 50 Ema dynamic resistance and weekly fib 0.618 level holding. 4hr + Entry Overall bearish with somewhat clean PA to the downside, outlooks similar to daily with ema, fib and PA confluences ill await 4hr bearish close somewhere below 0.9160 to execute shorts This was the analysis I mentioned in previous video where I stated I believe I may prefer this over FX:AUDCHF Shorts If you find this analysis helpful or even if you oppose it pls like or comment would be good to hear your feedback! ;) All Technical analysis is for journaling purposes.
Short
by MarlyForex1
ICPUSDT TRADING IDEAHappy Sunday! It's time to trade the ICP/USDT combination. The chart depicts a stunning trading opportunity, as the price movement has already broken down from the corner of the triangle pattern. Additionally, Fibonacci retracement predicts the potential price movement between three levels based on recent highs and lows. Trading based on the philosophy that history repeats, along with the use of key numbers, can help project price behavior. So, watch out and enjoy the ICP/USDT trade setup.
by stocktechbot
PYPL eyes on $86.63: Golden Genesis barrier going into earningsFollow up to my previous plot to catch dip (click). Earning report due within the day of posting here. 2 golden fibs being tested, pair could top the wave. Recent break out fib is key support to try and hold. $ 84.51 is a local golden that wanted to end wave. $ 86.63 is a Golden Genesis fib, very likely to react. $ 78.41/42 is the first good support below if it dips. Previous Plot for dip entry: ================================================================== .
NASDAQ:PYPL
by EuroMotif
High-Probability SWI20 Longs with 57.78% Achieving TPI am adopting a probabilistic approach to my trading strategy based on historical and statistical data. This method allows me to identify patterns and trends that have proven effective in the past, enabling me to make informed decisions about entering long positions. By applying mathematical rules derived from historical performance, I can assess the likelihood of price movements and manage risk effectively. This systematic approach helps to minimize emotional decision-making and enhances the potential for successful trades. Key Fundamentals Supporting a Bullish Bias: - Swiss Economic Resilience: Despite global economic challenges, Swiss equities are showing signs of recovery, with the Swiss SMI index rising 2% this year, indicating a potential bullish trend ahead. - Central Bank Policies: The Swiss National Bank (SNB) has indicated a favorable inflation outlook, which could lead to supportive monetary policies that benefit the stock market. - Currency Dynamics: The recent correction in the Swiss franc may ease pressure on exporters, potentially leading to improved earnings for companies within the index. - Investment Inflows: Swiss-domiciled funds have recorded their highest net inflows since 2022, reflecting growing investor confidence in the Swiss market. These factors collectively support a bullish outlook for the Switzerland 20 Index, aligning with my trading strategy. 2W: HOURLY ENTRY:
EIGHTCAP:SWI20Long
by Jasminex1x2
Bitcoin Analysis==>>DUMP==>>Filling GapsBitcoin ( BINANCE:BTCUSDT ) is currently moving in the Support zone ($70,100-$68,420) and near the Support line . According to Elliott's wave theory , Bitcoin was able to complete main wave 4 ( although with a little irregular movement ). I expect Bitcoin will break the Support line soon , and the main wave 5 can be finished in one of the Potential Reversal Zones(PRZs) and filling the CME Gaps one by one . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Birlasoft Ltd - Technical Analysis and Potential Trade IdeasPrice Structure and Fibonacci Analysis: Birlasoft's stock is currently in a descending triangle pattern, with price approaching a critical support level around ₹523, which aligns with the 0% Fibonacci retracement level from the recent peak of ₹859.55. The Fibonacci levels on this chart highlight major retracement zones: 23.6% Fibonacci level at ₹602.60 served as previous support but has now turned into resistance. The 50% level at ₹691.35 and the 61.8% level at ₹731.05 acted as strong resistance levels during past retracements. Support and Resistance Levels: Support Levels: The stock has a key support zone around ₹523, which has been tested multiple times (green arrows on the chart), indicating a possible demand zone. If this level fails, there is further support around ₹512.40 and a long-term support zone near ₹476.30. Resistance Levels: Immediate resistance is seen near the 23.6% Fibonacci level at ₹602.60, where previous breakdowns occurred. A descending trendline (marked with red arrows) indicates continuous selling pressure around this level. Volume Profile Analysis: The Volume Profile on the right shows a high-volume node around ₹570-₹600, suggesting strong historical trading interest in this area. If the price breaks out of the descending triangle pattern, this zone could act as an initial resistance on a potential upward move. Technical Indicators: Relative Strength Index (RSI): The RSI is near the oversold region, which could indicate a potential rebound if buying interest emerges at the support levels. Volume Trends: A noticeable increase in selling volume has been observed during the recent downtrend, highlighting persistent selling pressure. Trading Ideas and Strategy: Bullish Scenario: A bounce from the ₹523 support level, accompanied by a volume spike, could present a buying opportunity for a short-term recovery to ₹602.60 or higher. Confirmation of a reversal at this level could open the path towards ₹651.70 (38.2% Fibonacci retracement), where further resistance is expected. Bearish Scenario: A breakdown below ₹523, especially with high volume, could lead to further downside toward ₹512.40 or even the long-term support at ₹476.30. Traders may consider short positions below ₹523, targeting lower support levels with proper risk management. Conclusion: Birlasoft is currently at a critical juncture. Traders should keep an eye on the ₹523 support level for potential bullish setups or watch for a breakdown below this level to consider bearish trades. This analysis highlights both opportunities and risks, depending on the upcoming price action around these crucial levels.
NSE:BSOFT
by AngshumanSaikia
Bitcoin's Squeeze in price is building momentum upwards I hope you are well this Sunday. If you have been following my Bitcoin thread this weekend, you will know that price has further to fall, if the Bitcoin market is to tank downwards. What I am saying is that we are in a squeeze moving price down and up which contracts price and causes the squeeze effect, which quite frankly is needed in circumstances where volumes are again low this weekend. But this squeeze is building momentum in the Bitcoin tank. Bitcoin price has recently tested the level just under 69000 which is a big support level. Unfortunately some Stop Losses would've been triggered and price has taken the liquidity and moved higher. I never like to promote a stop loss level to someone, but I think it's reckless if I do not in circumstances where price tanks. Please take a look at a recently Daily Chart of Bitcoin. I present Fib Levels & Fib EMA's 8,13,21,55. Both are supportive of price to move higher from current levels. 69,000 and thereabouts is the support zone and I think this level will hold.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
GBPNZD 1H We have an overall bullish market on our 1H timeframe with price giving us a clear price action. We saw price rise to form new higher high and higher low this week. On the last day of week (Friday) we saw price rise higher to shift back into bullish structure into bullish market structure after reacting to an unmitigated 1H demand zone. Left behind the new bullish trend is a new unmitigated demand zone with fair value gap and an inducement zone above our true zone. Our Fibonacci retracement tool indicates price has reacted to a premium price of the trend Above our 1H trend is a supply zone with high chance of being inducement due to three reasons: 1. We had a 1 2 price push before losing power to buyers that are now controlling the market. 2. The internal structure shift may result to price reacting to higher timeframe bullish trend rather than continue bearish as one would expect. 3. We have trendline liquidity above this supply and a high of week which couls be good target for liquidity due to price being bullish.
Long
by ZIPHO67
1
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia
ETH to $25K - No Joke - BUY & HODLEthereum is at levels not seen since the Crypto Stone Age. The Crypto Markets will start BOOMING! ETH ( ETHUSD , ETHUSDT , ETHEUR ) is getting ready to go Bullish. When? Early '23. The Fibonacci Time Zones and Cycles tell me that the 3rd Fibonacci Summation is NOW. So, I reckon Cryptos are getting ready for something BIG. I do see a last drop before that though. From Jan '18 until Dec '18 ETH had a whooping 94% crash. We're only at 82% from Nov '21 top. So I am waiting with buying interest for a much better level. I am buying big dips, adding value. If you look at the Ellipse, Ethereum is doing the same pattern it did on the previous Bear Market. Hmmm... I've decided on my best BUY level: $550 . Technical Analysis: * Elliott Wave A-B-C Pattern * Jan '18 - Dec '18 Fractal Sequence * 88.6% Fibonacci Retracement * Harmonic Pattern: Bullish Cypher * Fibonacci Extensions Confluence * Bullish Divergence * Demand Zone What more do you need? Oh yeah, a much better price. :D We went to the Moon, now let's go to Mars!
BITSTAMP:ETHUSDLong
by Lionheart-EWA
13
Technical Analysis of QCOMOverview of the Stock and Recent Price Action QCOM has experienced significant volatility over the past year, with notable movements that highlight key trading opportunities. From November 2023 to June 2024, QCOM enjoyed a strong uptrend, climbing from around $110 to a peak of approximately $220. However, after reaching this high, the stock entered a downtrend, declining to around $160 by November 2024. Step-by-Step Analysis 1. Trendlines and Channels Ascending Channel: Initially, QCOM was trading in a steep ascending channel, indicating a strong bullish trend until mid-2024. The subsequent downtrend has formed a descending channel, reflecting bearish market sentiment. 2. Fibonacci Retracement Levels Support: The $160 level has acted as a significant support area recently, with the stock bouncing off this level multiple times. Resistance: The $170 level is a notable resistance point. QCOM has struggled to break above this level in recent months. 3. Volume Analysis There are spikes in volume during significant price movements, such as the peak in June 2024 and the decline thereafter. This suggests strong investor interest and potential institutional activity during these periods. 4. Indicators and Events Earnings Announcements: Key earnings dates are marked on the chart, which can significantly impact price movements. Traders should watch for upcoming earnings reports. Potential Price Movement Bullish Scenario Entry Point: A break above the $170 resistance level with strong volume could signal a potential reversal and continuation of the uptrend. Stop Loss: Below $160 to limit downside risk. Profit Target: The next target would be in the $180-$190 range. Bearish Scenario Entry Point: A failure to hold the $160 support level could lead to further declines. Stop Loss: Above recent highs to avoid false breakdowns. Profit Target: The next support level would be around $150. Conclusion QCOM is currently in a consolidation phase between $160 and $170. A breakout above or below these levels, accompanied by strong volume, will likely determine the next significant price movement. Traders should monitor these key levels and be aware of upcoming earnings and dividend announcements.
NASDAQ:QCOM
by stocktechbot