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Fibonacci

RIOT correction over or another low?My previous target under $10 never hit so still speculative of if the correction is over. My primary count has the correction over and C was not as long as I'd expected. My alt count has C just starting with a flat for W-B. It really just depends on if Dec 5th - 10th was 3 waves or 5 waves with a pretty short wave 4. Either looking at the 12.1 - gap close around 11.8 or down to under 10, will depend on the structure as it comes down. Just not planning on catching a falling knife if a W-3 of C starts! Open to either, but end plan still the same!
NASDAQ:RIOTLong
by stsmurf
4
Alikze »» LINK| Bullish Wave 3 or C Scenario🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1D 📣 BINANCE:LINKUSDT currency on the daily timeframe touched its targets in accordance with the analysis presented earlier, the scenario of the first of 3 bullish waves. 🟢 Chainlink touched its target after breaking out of the short-term descending channel. 🟢 It is currently in the supply zone on the daily and weekly timeframes. 💎Given the bullish momentum, this bullish leg, after breaking the supply zone, will have the ability to grow to the large supply zone of $60-$100. 💎In the first step after breaking the supply zone, the target will be $38 and $55. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»«««
Long
by alikze
$NYSE:QBTS Consolidating between $4 and $5NYSE:QBTS appears to be consolidating between $4 and $5 a share. Lots of buzz right now in the quantum computing space. D-wave has been in the headlines quite a bit along with NASDAQ:NVDA and NASDAQ:RGTI These stocks are generating a staggering amount of daily volume. Which is great when attracting the FOMO crowd! Looking for a breakout after this closes above the recent highs of $5.38 (with relatively higher volume). If it misses the breakout then I suspect we're in for another cycle of down/up oscillation. Primary support is at ~$4.15 with the secondary major support at ~$2.77 secondary. If this bounces down prior to a breakout, there will probably be opportunities to buy on a dip probably in the $4.20 - $4.60 range. As with anything with a lot of volatility, hang on to your seats!
NYSE:QBTSLong
by dzygadlo
USDJPY Wave Analysis 13 December 2024 - USDJPY reversed from support zone - Likely to rise to resistance level 156.35 USDJPY currency pair recently reversed up from the support zone located between the key support level 149.20 (former low of wave ii from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from September. The upward reversal from the support zone started the active intermediate impulse wave (1). Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 156.35, top of the previous impulse wave (1).
Long
by FxProGlobal
NVDA: Short-Term Bullish SetupNVDA is holding strong above its key support at $131.97 📉(drawn green line), signaling potential for a bullish move 📈. A short call position here could be profitable, with a stop-loss at $131.30 to manage risk. 🔑 Key Levels to Watch: 🔵 $135.50 Retest: A breakout above this level confirms bullish momentum. 🎯 Target Range: $139 - $141.50 after a clean break of $135.50. 💡 Pro Tip: Stay disciplined with stop-losses and watch for sustained volume above the breakout level for the best entries. Let’s ride the wave 🌊—smart risk management is the key to success! 💼📊
NASDAQ:NVDALong
by Mercury812
EURJPY : Cluster Resistance Aligns with Bearish ContinuationWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. 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! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
US30 Buy Or Sell Depending of Price ActionKey Observations: Downtrend and Fibonacci Retracement: The chart is in a clear downtrend, indicated by lower highs and lower lows. A Fibonacci retracement tool is applied to the recent downtrend. The price appears to have retraced to the 50% level (44,062.63) and faced resistance, failing to break above the 61.8% level (44,299.10). Bollinger Bands: The price is testing the lower Bollinger Band, which could indicate oversold conditions in the short term. A potential bounce back to the mean (middle Bollinger Band) could occur unless there’s continued bearish momentum. Key Levels: Support Level: Around the 0.382 Fibonacci level (43,828.18), which is acting as a current support. Resistance Zone: Between the 50% (44,062.63) and 61.8% (44,299.10) Fibonacci levels. The price is also far from the major resistance level at 44,460.85. RSI (Relative Strength Index): RSI appears to be near the oversold region (below 30), suggesting a potential reversal or relief rally in the short term. MACD: The MACD histogram is showing bearish momentum, but the bars are becoming smaller, hinting at a possible loss of selling pressure. Possible Scenarios: Bullish Case (Relief Rally): If the price holds above the 0.382 Fibonacci support level (43,828.18), it could bounce back to retest the middle Bollinger Band and possibly the 44,062.63 level. A break above 44,062.63 could target the 61.8% level (44,299.10). Bearish Case (Continuation): If the price breaks below 43,828.18, further downside could target the next major support, likely below 43,700. The continuation of bearish momentum is supported by the MACD still being below the signal line. Recommendation: Short-Term Traders: Watch for a reaction at the current support level. If the RSI starts to rise and the price bounces off the Bollinger Band, a short-term buy may be possible. Trend Traders: Wait for confirmation of a break below the 0.382 level or a rejection at the 50% retracement to follow the downtrend. Risk Management: Use stop losses, especially near the Fibonacci levels, as they act as pivot zones. Do not risk more than 1% of your account per trade.
EIGHTCAP:US30
by Nozuk
Wester Union Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Wester Union - Double Formation * A+ Set Up At 13.00 USD * 012345 | Wave (1) & (2) | Downtrend Principle | Subdivision 1 - Triple Formation * Neckline At 11.25 USD * Flag structure | 10.20 USD | Entry Condition | Subdivision 2 * Top / Bottom Structure | Reversed | Support Current Trend | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:WUShort
by TradePolitics
GOLD Speculative Sell - Correction AnticipationDon't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target. Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou
SAXO:XAUUSDShort
by vicariuzchrist
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue? Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try Resistance levels: 2675, 2682, 2699 Support levels: 2658, 2636 From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high Regards R. Linda!
FX:XAUUSDShort
by RLinda
1
Imerys Stock Qoute| Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Imerys - Double Formation * 38.40 EUR | A+ Set Up | Subdivision 1 * 1)) Retracement Area At 34.50 EUR - Triple Formation * 26.00 EUR | Support Survey On Area | Subdivision 2 * Triple Top Pattern | Ranging | Subdivision 3 * ABC Flat | Behavioural Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NK
by TradePolitics