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Fibonaccianalysis

EUR/USD SHORTEvening Guys, This is a EUR/USD breakdown. Technically EUR/USD is bearish and has been since last year. It's only going to go further until ECB raises interest rates to tackle the surging inflation the economy is facing. EURO/USD has made some beautiful structure on the H4 & H1 TF, you can clearly see a perfect head & shoulder pattern combined with bearish market structure and a perfectly aligned break and retest strategy. It's unfortunate this formation has occurred at the end of the NY session because if this was to occur around 11:00-14:00 GMT we would see a huge sell off on this pair. Personally I'm going to look to short this until market structure tells me otherwise. Maybe price can hover around this zone before dropping even more later tomorrow.
Short
by TomBray1
1
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price moves in the triangle marked with yellow lines. Let's start by marking the resistance line, as you can see, the first resistance is $ 19,069, if you can break it, the next resistance will be $ 19,149, $ 19,234 and $ 19,351. Now let's move to the support line and as you can see the first support in the near future is $ 19,023, if the support breaks down, the next support is $ 19,023, $ 18,950 and $ 18,822. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator shows a local upward trend.
Short
by cryptodailyuk
$SPY #SPX Watch This Level For A Possible BounceTraders and Investors, With the dollar strength the indices have been taking a beating. US30, US500 and US100 have been following the same pattern but the leading one is still Dow Jones (US30). On the SnP500 so far: 1. It has NOT touched/crossed the 200 sma on the weekly timeframe so a test and then a bounce is expected at some point. 2. There is an FCP zone coming around round number 3550 which can act as support 3. An extended M FCP pattern is forming and will complete around the FCP zone. So watch this area closely to find a confirmation to go long for a bounce. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:SPX500USDLong
by vikinsa
5
DOTThinking bottom will be put in next month at the 786% fib retracement lvl. Mainly because the 618% appears to be getting flipped into resistance. Otherwise I could count the correction complete if not for this pesky 618% resistance level flipping into resistance. Once that confirms I will get very ugly for DOT. Also the falling triangle wedge bottom TL lines up nicely with the next level down 786% mid Nov. That said an overthrow of the wedge to test $4 in Oct would still be a valid C wave count and then up we go.
by Big_Mike716
3
Complete Dollar (DXY) Top Down Analysis =Where Is It Headed Now?Traders and Investors, Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking it to our next multi year target of 113 zone. This zone again will have potential to push the price down or at least sow it a bit. After that we will have 116 as a new intermediate resistance followed by 127 zone. In this DXY (Dollar) technical analysis we will study few scenarios which can help in understanding what is about to come next few days/weeks. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:DXYShort
by vikinsa
SHIBUSDT 1-day chart review.Hello everyone, let's take a look at the 1-day SHIBUSDT chart as we can see that the SHIB price has emerged from a prolonged downtrend. Let's start by identifying the support that the shib price has on the way and as you can see the first support is $ 0.0000011234, but if it is raised, we already have a support zone from $ 0.00000706 to $ 0.00000953. Now we will turn our attention to the resistance that we need to overcome in order for the price to rise further. In the first place, we have a support zone from $ 0.00001246 to $ 0.00001579, the next resistance is at $ 0.5328 and then a second support zone from $ 0.00002116 to $ 0.00002507. It is worth paying attention to the CHOP indicator, which shows that the energy is slowly starting to rise, and the MACD indicator indicates that we have entered an upward trend.
Long
by cryptodailyuk
4
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is close to exiting the current downtrend channel. Let's start by determining the support that the price has in the event of a further correction, and as you can see, we have a support zone from $ 18,979 to $ 18,123 in front of us. Now let's move from the resistance line, as you can see, the first resistance is $ 19,222, if you can break it, the next resistance will be $ 19,899, the third resistance at $ 20,462 and the fourth resistance at $ 21,003. Looking at the CHOP indicator, we can see that on the 1-day interval most of the energy has been used and the MACD indicator shows that the blue line is approaching the red crossing from below, which could confirm the upward trend shift.
by cryptodailyuk
3
SOL - USDT 1HChart, targets and stoplossHello everyone, let's take a look at the 1H SOL to USDT chart as you can see the price is moving in the local downtrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 31.60 T2 - $ 31.86 T3 - $ 32.06 T4 - $ 32.27 and T5 - $ 32.56 Now let's move on to the stop loss in case of further market declines: SL1 - $ 31.35 SL2 - $ 31.04 SL3 - $ 30.79 SL4 - $ 30.54 and SL5 - $ 30.19 Looking at the CHOP indicator, we can see that in the 1H range we have very little energy, while the MACD indicator shows a local downward trend.
Short
by cryptodailyuk
19
Updating the SOLUSDT chart from 4H to 1D - targets and stoplossHi everyone, let's update today's SOL analysis on the 4H interval as you can see The price went up a lot and on 1D intervale we got out of the downward trend line, breaking the previously designated short targets. Let's start by setting goals for the near future that we can consider: T1 - $ 31.60 T2 - $ 31.86 T3 - $ 32.06 and T4 - $ 32.27 Now let's move on to the stop loss in case of further market declines: SL1 - $ 31.35 SL2 - $ 31.04 SL3 - $ 30.79 SL4 - $ 30.54 and SL5 - $ 30.19 Looking at the CHOP indicator, we can see that in the 1D range we still have a lot of energy for further moves, while the MACD indicator shows that in the long term we are entering an upward trend.
Long
by cryptodailyuk
6
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,556, if the support breaks down, the next support is $ 18,410 and $ 18,293. Now let's move from the resistance line as you can see the first resistance is $ 18,784, if you can break it the next resistance will be $ 18,840 and $ 19,004. Looking at the CHOP indicator, we can see that the energy has been used up in the 4-hour interval, and the MACD indicator shows a local downward trend.
Short
by cryptodailyuk
1
Nasdaq Elliott Wave ViewOn the left is the weekly close chart of the Nasdaq (No noise, no nonsense) which clearly shows 5 waves down hitting precise Fib retracement levels. These 5 waves are the primary A wave of a Cycle wave 4. (Look at my long term view published some time ago). On the right is a daily bar chart of the recent market drop. 5 waves are clearly identifiable, indicating that we are in an intermediate B wave of the Primary B wave. There may still be a little bit of suffering before this Minute wave 5 of Minor A is over. If you are a dip buyer, this is your moment, also risk/reward is extremely high on the bullish front. More conservative traders should wait for 3 consecutive bullish days. The markets climb walls of worry and quite frankly the inflation number didn't seem so bad to me if you discount the unrealistic expectations that were rumored. Must be said though, that Bonds are signaling possible rate cuts this year and the Eurodollar yield spread says the Fed is going to make a big mistake in the third quarter.
NASDAQ:NDXLong
by csmottola71
1
ETH / USDT 4HChart - Targets And StopLossHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local downtrend channel. Let's start by setting goals for the near future that we can consider: T1 = $ 1,351 T2 = $ 1,368 T3 = $ 1,382 T4 = $ 1,396 and T5 = $ 1,416 Now let's move on to the stop loss in case of further market declines: SL1 = $ 1,304 SL2 = $ 1,284 SL3 = $ 1267 SL4 = $ 1,251 and SL5 = $ 1,227 Looking at the CHOP indicator, we can see that in the 4H range some energy was used, while the MACD indicator shows a local upward trend.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,038, if the support breaks down, the next support is $ 18,754, $ 18,524 and $ 18,301. Now let's move on from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 19,292, if you can break it, the next resistance will be $ 19,453, $ 19,611 and $ 19,842. Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows a local upward trend.
Short
by cryptodailyuk
ETHWUSD - Targets and StoplossHello everyone, let's take a look at the 4H ETHW to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 5.86 T2 = $ 6.35 T3 = $ 6.78 T4 = $ 7.17 and T5 = $ 7.78 Now let's move on to the stop loss in case of further market declines: SL1 = $ 5.56 SL2 = $ 5.21 SL3 = $ 4.93 SL4 = $ 4.64 and SL5 = $ 4.25 Looking at the CHOP indicator we can see that in the 4H range we have a lot of energy, while the MACD indicator shows the local uptrend.
BITFINEX:ETHWUSDShort
by cryptodailyuk
1
ETHUSDT - Targets and Stoploss - Interval 4HHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 1,357 T2 = $ 1,373 T3 = $ 1,388 T4 = $ 1,401 and T5 = $ 1,421 Now let's move on to the stop loss in case of further market declines: SL1 = $ 1,338 SL2 = $ 1,330 SL3 = $ 1,322 SL4 = $ 1,314 and SL5 = $ 1,303 Looking at the CHOP indicator, we can see that in the 4H range we have more and more energy, while the MACD indicator shows a local upward trend.
Short
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,897, if the support breaks down, the next support is $ 18,647, $ 18,409 and $ 18,049. Now let's move from the resistance line as you can see the first resistance is $ 19,080, if you can break it the next resistance will be $ 19,336, $ 19,523 and $ 19,711. Looking at the CHOP indicator, we can see that in the 4-hour interval the energy started to rise, while the MACD indicator shows a local upward trend.
Short
by cryptodailyuk
Review of the ETH / USDT chart on the 1D intervalHello everyone, let's take a look at the ETH to USDT 1 day chart. It is worth noting that after a long time when the ETH price was moving in the uptrend channel marked in yellow, however, a few days before the MERGE event, the price of eth started to decline and we entered the local downward trend channel marked in blue. Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 1317, if the support breaks down and the price goes further down, it has a support zone from $ 1239 to $ 1083 in front of it. Now let's move from the resistance line, as you can see, the first resistance is $ 1454, if you can break it, we have two zones to go. The first resistance zone is from $ 1564 to $ 1653, while the price eth will break it, another zone is from $ 1707 to $ 1864. Let's pay attention to the CHOP indicator where we can notice that we have less and less energy for further moves, and the MACD indicator confirms that we are in a downward trend.
Long
by cryptodailyuk
ethHello, ETH has lost my 1 fib extension level & now looks like ETH will hit the 618% fib retracement level, which makes the 5 up an A wave not a wave 1. If the 5 up nuked into the 786% more quickly I would say that run up to $2,000 in August was a wave 1. But since seeing 5 up complete I was sus on the W1theory. If ETH would've complete 3 waves up into a 786% retrace that would've sealed the W1 theory. So now likely we are in a daily TF zig zag and should look like this chart I'm sharing.
COINBASE:ETHUSDLong
by Big_Mike716
#US10Y #Bonds Can Fall From This FCP ZoneTraders & Investors, US 10 Year Bonds have been on the rise. After a minor correction they rose higher but now they could be approaching an FCP zone which can act as a resistance. We also have Relative Strength Index divergence setting up on weekly time frame. Out this on your watch list as this can impact stock market, indices and other asset classes due to money flow from this asset class. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:US10Y
by vikinsa