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Fibonacci

Vertex Pharmaceuticals (VRTX) | Chart & Forecast SummaryRight Here You Can See Vertex Pharmaceuticals Incorporated (VRTX) Registered As (VRTX) On The New York Stock Exchange, Vertex Pharmaceuticals Incorporated Is An American Biopharmaceutical Company Based In Boston, Massachusetts. The Following Chart & Forecast Summary On Vertex Pharmaceuticals Incorporated (VRTX) Has been Subject On Key Indicators on A Trade Set Up in General Like A 1. A Push Set Up 2. A Range Set up 3. And A Break & Retest Set Up Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand It Tells Us "Long Bias For Now"
VLong
by P-Ment4U
Silver Trade IdeasLooking at Silver there are two good opportunities that may come into play with a good RR potential. First lets address the narrative... Gold both XAUUSD & XAUEUR are driving to the upside for new highs to be made prior to the elections, after which the narrative will need to be re-assessed. The COT data from last week shows 13,266 long positions were added bolstering price, making Long trading the go to, to follow the big institutions. (cotperspective.com). Tensions in the Middle East have heightened with Israel now attacking Iran. Long Trade. Entry- 29.88 SL- 50 pips (50 cents) TP- 110 Confluences- -Key Level with 3 touch points -50% Fibo of most recent impulse -Possible trendline 3rd touch timing dependent -Alignment with XAUEUR can be assessed if price moves to area Short Trade. I'll be looking to short from the all time high of XAGEUR Entry- 34.2 SL- 55 pips TP- 190 pips Confluences -Profit taking -All time high -Gold alignment required
OANDA:XAGEURLong
by FalkenFx
My Bullish GBP/USD Strategy Using X1X2!You have no idea how many opportunities are there when you're simply following "X1X2"! I invite you to engage with me in this analysis! Current Fundamentals Supporting a Bullish Bias on GBP/USD: 1. Positive UK Economic Data: Recent reports indicate that the UK's GDP expanded by 0.2% in August, aligning with analyst expectations. Additionally, industrial production and manufacturing have shown growth, which supports the Pound's strength against the Dollar. 2. Diminishing US Dollar Strength: The US Dollar has faced selling pressure, particularly in light of recent mixed macroeconomic data. A softening inflation rate and rising initial jobless claims have raised concerns about the US economy, contributing to a bullish outlook for GBP/USD. 3. Market Sentiment Shift: An improving risk mood among investors has led to optimism regarding potential Federal Reserve rate cuts. This sentiment has weakened the Dollar, allowing GBP/USD to gain traction above key support levels. Utilizing Probabilities in My Swing Trading Strategy: In my trading approach, I employ a system known as X1X2, which focuses on probabilities to determine optimal entry points for long positions in GBP/USD. In conclusion, my bullish bias on GBP/USD is supported by favorable economic indicators from the UK and weakening US economic data. By leveraging probabilities through my X1X2 system, I aim to position myself effectively for potential long trades in this pair. 1W: 3H:
Long
by Jasminex1x2
Coin update (and conl)We are going to experience a VERY volatile week here. We have a huge earnings week with massive growth and value companies on the list including coin, hood, alphabet, amazon and meta. The week leading into an election is also usually very volatile and ridden with fear. I still expect Coin to take off here, with the positioning of BTC closing a full weekly candle body above the breakout zone with an open stochastic RSI I am very bullish. The daily has already cooled off so another leg is very possible here. My plan: I will likely buy CONL shares tomorrow for this setup to gain immediate exposure, I will wait to see how this plays out, if we get a really red setup I will sell CONL puts. If we really pump hard I will sell covered calls on my CONL shares. I believe we approach this zone I have marked in little time testing the long-term resistance again.
NASDAQ:COINLong
by Apollo_21mil
GpbchfGBPCHF Daily Analysis Currently, GBPCHF has bounced off the golden zone on the daily timeframe, indicating a potential buying opportunity. We will be watching for a buy setup as price action suggests support in this key area. If the price maintains above this zone, it may signal a continuation to the upside, making it an ideal area to look for entries that align with the prevailing trend. Monitoring this level closely will help confirm the strength of the bounce and validate the potential for a bullish move.
Long
by francismbeg7
Monitoring pair 1AUDCAD Weekly Analysis On the weekly timeframe, AUDCAD will likely approach a significant area where a retracement is anticipated. The 0.168 Fibonacci level is expected to serve as a potential pullback zone, where the price may consolidate or reverse. This level could act as temporary support or resistance, presenting an opportunity to evaluate future trade entries and exits. Observing how the price behaves around this level will provide insights into the strength of the trend and potential setups for continuation or reversal.
Long
by francismbeg7
Bitcoin at the brink of... what exactly?Seems like Bitcoin is at the brink of an outbreak, but if bulls aren't strong enough, it might go down again for a while. Since March '24, Bitcoin is building up a huge megaphone pattern, which should be a good, bullish sign. The price has escaped this pattern lately, but if Bitcoin falls below 65k, we're in it again and it might take another turn down, maybe even to 42k, until it's going up again. I'm quite positive that this is not going to happen, since we're at the end of the year, which is usually a good time for bulls. Plus the US election will relieve tensions in the market, once it's finally over - if nothing bad happens, like e.g. what happened in January at the capitol last time. If the breakout lasts, I'd say there's a good chance for a new price explosion similar to the end of 2020, which could bring up BTC to roughly 260k in the best scenario. This would also be in line with the 4-year cycle, Bitcoin follows for some more time now, mainly due to the halvings. There are however some resistances in between, for example the Fibonacci levels at 105k and 165k. Additionally the 100k threshold will most likely be hard to crack, especially since the Fibonacci level is just 5k above. Whatever the near future, I'm optimistic, we'll reach the goal of >250k within the next 18 months. I could even image it going higher, since the increase in price was almost 10x between the peaks in 2014 and 2018. Between 2018 and 2021, it was only about 3x, which in my opinion was caused by the pandemic and Trump's free money leading to an early rise and finally in a double top.
BITFINEX:BTCUSDLong
by x-ecutor
1
NEARUSDTI have said it many times in my speeches and I will say it again, money has the power of God in today's world It is better to express my words this way, if Trump wins the US election, you will also see that the crypto market will experience a heavy drop, so that the government budget deficit and the heavy expenses of the US government and the US stock market will be saved from bankruptcy, with a plan that Picking for the market This is my point of view, there may be other points of view The duty of friends who believe in my analysis is to register these currencies, which will be registered from today, in a place where they can move like the American government and enjoy the chart. There are two views of the market, the first view is downward, the second view is upward My view on crypto is bearish, friends, from today onwards, be careful in your spot purchases, it will be more dangerous than you think. Because big companies have to do this to save themselves from bankruptcy and take a drastic swing from ordinary people.
Short
by FUACOMPANY
3
Technical Analysis of Coca-Cola (KO)The stock ( KO ) is currently in a retracement phase from its all-time highs reached in September 2024, having momentarily paused at previous relative highs. Given Coca-Cola’s long-term uptrend, we can identify several key support levels where the retracement may halt and resume its upward trajectory: SUP 1 : The first support area could be the current level, marked as SUP 1. SUP 2 : The second area is around $64, labeled as SUP 2. Analyzing the Volume Profile, we notice significantly higher volume levels here. POC : Just below SUP 2, we find the POC (Point of Control) area in the Volume Profile, located around $60. SUP 3 : Another support level, marked as SUP 3, is around $57. In the worst-case scenario, a drop down to SUP 3 would represent a drawdown of around 20%. Historically, Coca-Cola has seen similar drawdowns of 15%-20% and even as much as 40% at times. The final potential support area is between $54-$53, corresponding to a secondary peak in the Volume Profile and an area where the stock has previously found resistance. This scenario would reflect a drawdown of about 30% An additional note: the SUP 2 and POC levels align precisely with the 0.382 and 0.618 levels of the Fibonacci Retracement indicator.
NYSE:KOLong
by Giovanni_Bandini