Japanese 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...
EURCAD is near W pattern completion. This has been a complex W pattern in formation which usually gives a good pull backs. This is a swing trade idea, so wait for a proper confirmation before going short. If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
Trend - On the weekly chart: Still within the large uptrend channel since January 2023. - On the daily chart: The minor uptrend channel since October 2023 was broken with moderate volume. - Although the long-term uptrend remains intact, the short-term momentum may be pausing. 100% Symmetrical Projection: Uptrend “N” Patterns - There are two price...
I am tracing Bitcoin's trajectory to $250k using a unique technical lens - Fib circles on a logarithmic chart paired with extension spikes. These circles, six in number, have been instrumental in identifying key price action stages since Bitcoin's first halving. We group these stages into three 'duo-phases' ( I, II, III ) ( With two for each...
Let me explain. These are all Fibonacci Extensions. The Market Maker is officially done imo so I am very comfortable posting these finished schematics. Many Extensions reach the exact ATH at 69k as you can clearly see... The Schematics are numbered Chronologically. #1-#8 are placed in the order they were created. #3 are the SUPPORT Schematics that are...
-This concept overall is called Fibonacci Clustering , which is laying over many different Fib Schematics on each-other... -I have combined 7 of my greatest Bitcoin Schematics into this one complete idea. -These Fibonacci Clustered charts have been battle tested for months. I have linked the original ideas down below to show how I first created these (by...
Bullish and Bearish EURUSD Outlook What we see we trade, as we are end of Sept 2023 last weekly of trade playbook for EURUSD. Monthly Playbook As we have witness 38.2% of Fibonacci scale multiple touches at the same time RSI 8 is crossing from top to RSI 13. (RSI 45.78) As we see we are bearish trend. To read the same after July candle inverted candle. ( ...
XAU covered through Fibonacci Clustering. Two are regular scale charts and the other two on the right are Logarithmic. This Final Fib Set I made for Gold is built to last.
XAUUSD successfully finished it Double Bottom pattern and going to reach the Fibonacci Cluster #fibomic #XAUUSD
LINKUSDT is testing a key level at the $9.1 area, where the market has previously encountered resistance. This level is important because it has acted as a significant point of resistance in the past, and traders will be closely watching the price action to see if the level is broken. If the price of LINKUSDT is able to break through this key level and establish...
On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance. Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis. Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its...
Primary Chart: Fibonacci Levels, Key EMA, and Uptrend Channel off Lows S&P 500 (SPX) has bounced hard off its lows on October 13, 2022, the date the CPI was released. Although price has chopped and whipsawed, it has been steadily working its way higher. But choppy price action is not without a purpose in technical analysis: it can help identify the direction of...
QQQ Target: 242.86 Between 19-Oct and 15-Nov Cluster fibonacci in price and time.
Traders, Intraday USOIL (WTI) has been slipping but the structure has been broker to the upside on the smaller timesframes. There is a very good confluence zone coming up soon on Crude Oil which can be a great place for long entry if the confirmation arrives. This can be a little risky trade so manage the risk. The target ultimately is the unfilled gap which left...
Can SPX Continue to Push Through a Wall of Resistance? Like many other global indices and liquid assets, the S&P 500 (SPX) has had a powerful rally off June 17, 2022 lows. This rally coincided with the July 2022 FOMC meeting and presser—the rally increased in the days preceding the FOMC meeting and then continued in earnest afterwards. This post will not...
The price is testing the 0.618 Fibonacci level on the monthly support (29k) On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance. on 4h timeframe the price is creating a symmetrical triangle. How to approach it? IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's...
XAUUSD - Elliott wave update - corrective flat submicro abc microwave (c) is running impulsive 5 waves invalidation 1878
Traders, DXY (USDOLLAR) has reached our target and last week started to take a little pause from its parabolic move which has been going on for weeks. The dollar index is still very bullish but this pause is a very much welcomed because it is giving us several opportunities across asset classes. In this in-depth analysis on dollar index we will look into higher...