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Fibonaccianalysis

$XAU | Watchlist | Sell Limits |Technical Confluences: - Stochastics is very close to Overbought conditions in D1 timeframe - Price is close to the 161% Fibo Extension Line - Projection using Elliot Wave count is pointing that the price may push up towards the Fibo Extension Line Fundamental Confluences: - With ongoing geopolitical tensions between Israel & Iran, there is a pressure for XAU to remain supported - The reversal carry trade story may have legs to further push XAU up another leg as a safe haven - With incoming FED cuts, there is potential for a weaker USD coming into September - The above 3 points are the supporting for a higher XAU price. - Assuming we hit the Wave 3 projected price, the US election will pose a big risk to the global outlook and may see USD strengthen back during that period. A stronger USD may induce a weaker XAU. ----- Will be placing Sell Limit orders and update if the projection comes true. Remember, DYOR. -----
OANDA:XAUUSDShort
by weekendanalyst
$PFE | Allocation/Buy Trade | Market Exec |Technical Confluences: - Price is in Oversold Conditions in D1 timeframe - Price action bouncing off 150% Fibo Extension - Price is trying to go back above the Interest Zone to give some bullish momentum to the stock Fundamental Confluences: -Regardless how bad the negative rumours are ongoing about the side-effects from Pfizer; they are still considered a strong market leader in the Pharma industry - They had a good response on a testing of their recent respiratory drug - Value? ---- Health sector in your Portfolio will never be wrong with the global aging population. I am putting this trade on as either into my Long-Term Portfolio or Swing trade for $PFE. Depending on how market develops, I may decide to hold this bag and allocate more into it at the 178% Fibo Extension levels or cut my Buy position as shown. -----
NYSE:PFELong
by weekendanalyst
$EL | Allocation | Market Exec | Technical Confluences: - Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level - It coincides with a Demand Zone as can be seen across the price history - Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1 - Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move Fundamental Confluences: - Deep discount on a well-renowned brand - Earnings does not look too good at the moment but they do own some global brands names in beauty care - Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try ________________________________ Putting in 2 portions of my NYSE:EL allocation now with more orders to be placed on in the future Long-Term value hold in my portfolio. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:ELLong
by weekendanalyst
$BTC | Buy Trade 1D | Buy Limit |Technical Confluences: - Price action is condolidating at the mid of downward parallel channel - Targeting the price action to move towards the area of resistances (Interest Zones, Lower-Bound of Parallel Channel, Horizontal Trendline & 50% Fibo Retracement level) - Elliot Wave 4 completed or will it extend and then, aim for the 100% Fibo Extension line @ 93,359 to complete Wave 5 Fundamental Confluences: - It's Bitcoin; it can go to whatever level it wants. - Many disagree and feel it will replace fiat. IMO, not in the near term and it will be many more moons before it happens. In the meantime, it's my speculative asset, Lol. - As the world embraces more of the blockchain adoption, Bitcoin hype will still remain. ________________________________ CRYPTOCAP:BTC orders set at the Buy Limit zones. Patiently waiting. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
BINANCE:BTCUSDLong
by weekendanalyst
$HBAR | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a Support trendline and is in the range of a Demand Zone - Price action is also close to an all-time low Fundamental Confluences: - HBAR is a Layer 1 blockchain which has potential for further adoption - Recently in April, there was a big spike in CRYPTOCAP:HBAR price after an announcement that blockchain firms Archax and Ownera tokenized BlackRock's ICS UST Funds on Hedera - Blackrock came out and clear the air that they are not involved with Hedera; the 2 firms were the ones who were involved in tokenizing it - Although it is not a direct involvement by BlackRock, it gave HBAR Foundation alot of attention (potential moving forward) ________________________________ With the above fundamentals, I will allocate my first tranche of HBAR allocation for my Long-Term portfolio. I may trade on this pair with a tight SL level if it breaks below the Red Line shown. Likely to hold onto this pair at least till it reaches the 161% Fibo Extension Supply Zone. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
$INTC | Allocation | Market Exec |Technical Confluences: - Price action is close to the 78% Fibo Extension and is at a strong Demand Zone - Stochastics is in Oversold conditions from Daily, Weekly and Monthly Fundamental Confluences: - Currently, Intel is trading at tangible book value ( thevalue you will get if the company gets liquidated) - At such value, chances of a takeover might be there which means, potential premium to be paid on takeover news? - After weak Q2 earnings, does it mean anything if the CEO starts buying the stock himself? ________________________________ With deep discount in NASDAQ:INTC 's value, another no-brainer and minimal risk. Intel is not going to liquidate. Will be expecting a turnaround and definitely a Long-Term hold in my portfolio. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NASDAQ:INTCLong
by weekendanalyst
$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences: - Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support) - Price action is also at a Demand Zone - Stochastics is at Oversold levels on the Weekly & Monthly TF Fundamental Confluences: - Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years - Who doesn't love Nike; aside from Adidas? ________________________________ NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio. The Nike brand will not die off that easily. Definitely, a value buy; for me. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:NKELong
by weekendanalyst
BTC : Fibonacci Grid Time and Space only exist between two points. You can build an entire grid system using only two points, and multiples of the distances between those two points. On a price and time scale, this can be useful in establishing critical levels used to assist us with trading. Which two points you choose can unfold entirely different results. In this example, two relatively recent points were chosen to maximize accuracy and effectiveness of the grid in relation to the most current candles. This idea is presented using the 2Day timeframe to allow the display of the entire history of Bitcoin. Finding the two points used to build this particular grid structure is as simple as locating the intersection of price level 0 and time level 0 (0,0), and the intersection of price level 1 and time level 1 (1,1). Multiples of the vertical distance between the two points are extended vertically on the price scale, and multiples of the horizontal distance between the two points are extended horizontally on the time scale. Within these unitary extensions, Fibonacci-numbered levels are specifically highlighted as vital extension levels based on the two chosen points. Don't forget to also view the chart using the linear price scale for an alternate perspective. Any two levels on the same scale can be further divided if needed to assist with action on smaller scale frames : For more information on how Fibonacci levels can interconnect and overlap, see this shadow-banned educational idea : Finally, thank you to my followers and to those who enjoyed viewing these ideas. Please feel free to give them a boost if you like them. // Durbtrade
INDEX:BTCUSD
by Durbtrade
10
DAX (GER40) Is Still BrearishDax has taken a little different route. It has been consolidating but last week, it created a massive bearish engulfing candle. Which can push the price to the FCP zones below. If the first one fails we have an M pattern completion at the second FCP zone. Beware of a gap around 17200 level. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂 Before:
PEPPERSTONE:GER40Short
by vikinsa
EURNZD Trade PlanEURNZD has completed a W FCP pattern but did not reverse. It is now at a structure resistance level which can make it fall. Wait for sell confirmation. If that comes this can be a good short opportunity. If the price breaks and confirms the previous high, we will go long based on the confirmation. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
2
EURCAD Can Fall Fall Further DownThe last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen: If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Short
by vikinsa
AUDCHF Possible BUY AreaAUDCHF completed a W FCP pattern. This made the price fall. It has fallen hard and could possible be going towards the area where we have confluence of an FCP zone and 2 trend lines. This can be a good Buy area for a possible bounce up. As always wait for the confirmation on the smaller time frame. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Long
by vikinsa
USDCHF Zone To Watch Out ForUSDCHF is at a resistance zone. If the market make it a support zone and gives a bullish confirmation above it, it can be a good buying opportunity. At the moment it is at resistance level so if you want to go long, you must wait for a proper confirmation. Remember Buy at support and Sell at resistance :) If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
1
NZDUSD Can Rise From The FCP Zone & M PatternNZDUSD Can Rise From The FCP Zone & M Pattern As the chart indicates, we have an M pattern completion along with and FCP zone on the daily time frame. Wait for a confirmation based entry on smaller time frames. This can be a good day trade or swing trade opportunity depending on your trading plan. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Long
by vikinsa
AUDUSD W pattern completion - Can FallAUDUSD has reached an area where it has completed a complex W pattern. There are a few levels and zones (as on the chart) to be watched. When W pattern completes, a correction comes. This idea is on the daily time frame, so wait for a confirmation on smaller time frame to execute trades. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
1
USDJPY Higher Time Frame AnalysisJapanese Yen collapse continues with its lowest closing price in 34 years. If it falls through 160, it will be the lowest level against the U.S. Dollar since the 1980s. It can get even worse. Let's look at some charts: 1. We are currently sitting at 160 resistance level where a W FCP pattern is completed which can give us a correction. This is the last level which is preventing the USDJPY from slingshotting upwards. 2. A CUP formation is happening at the moment (rounding bottom). So if the correction comes at the current levels, that can make this a Cup and Handle pattern. 3. If the correction does not occur or we get a shallow one, these current levels can become a new support which can push USDJPY higher once confirmed. 4. There are several gaps left in 1980s. I posted about these gaps in my previous post approximately 7 months ago, indicating that USDJPY would be bullish. 5. These are the levels where in the long run USDJPY can go to complete a big W pattern. This can have a huge impact on the #dollar index (DXY) too. I recently did a premium analysis report on USDJPY and DXY (dollar index) for a client which has a more in-depth analysis and potential target zones/levels. Get in touch with me via DM if you want to order a copy of that report. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
USOIL Higher Time Frame Possible Bullish ScenarioThis is higher time frame bullish scenario on USOIL (WTI). This is only applicable if a bullish breakout occurs. 1. The price is inside a triangle which is getting squeezed and reaching its apex. That means we are going to have a breakout very soon. 2. Recently the price completed and M pattern and jumped higher. When M pattern completes the market goes higher. 3. If we get a bullish breakout from this triangle and if this breakout confirms, we can have formation of a potential W pattern. This when completed will have the potential to make oil fall again. 4. After that if the price stays bullish or becomes bullish again, we have a gap available around 100 area which needs to be filled at subpoint. 5. That will also lead us into a bigger multiple month and possibly multi year bullish formation of a W pattern. But first, we need to see how price breaks out of the triangle. If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
TVC:USOIL
by vikinsa