Get started

Fibonacci Confluence

EURUSD 4H Bullish & Bearish EURUSD 4H Bullish & Bearish and M and W. Double tops and bottoms are important technical analysis patterns used by traders. A double top has an 'M' shape and indicates a bearish reversal in trend. A double bottom has a 'W' shape and is a signal for a bullish price movement. Double top and bottom formations are highly effective when identified correctly. However, they can be extremely detrimental when they are interpreted incorrectly. Therefore, one must be extremely careful and patient before jumping to conclusions.
by shoonya0000
1
BNBUSDT Potential Bear ActionPotential bearish scenario to this asset. Price action is suggesting a further drawdown to the 239USDT demand region as the actual pullback seems to be accomplished. The reciprocal AB=CD pattern projection is reinforcing this idea, as a Head and Shoulders pattern is likely in formation. Thus, on this hypothetical 30m scenario, the price can made a ranging interacting w/ the neckline. Chaikin Money Flow hidden divergence & below zero + Awesome oscillator twin peaks in formation + Fisher Transform bear crossing.
Short
by firmestudio
4
EURUSD weekly outlook: Bearish bias for June weeks 3-4Weekly Outlook (W) Bear bias until price action establishes an uptrend above 1.1092 6/15/23 Still making higher highs and lower highs Last week of May just made the last higher low @ Weekly fib 78.6 level Expectation: IF Continues uptrend: reach last HH level or 1.1100 and eventually 1.1250 (27 ext) If not: Price reactions from levels below: 1) 0.0865 H&S Weekly line and does a downtrend from there 2) Weekly IMB and OB with BOS down. INVALIDATION POINT: 1.1092
Short
by RSC_FX
2
📈 Fibonacci Power in Uptrends📍 What Are Fibonacci Retracement Levels? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. 📈 To effectively trade Fibonacci retracements during an uptrend and strategically enter the market during pullbacks, follow these steps: 🔷Identify the uptrend: Determine the presence of a clear upward price movement. 🔷Apply Fibonacci tool: Utilize the Fibonacci retracement tool to identify potential retracement levels within the uptrend. 🔷Focus on pullbacks: Wait for the price to experience a pullback or retracement within the uptrend. 🔷Assess Fibonacci levels: Analyze the price's interaction with key Fibonacci levels, such as the 61.8% or 65% zone, to identify potential support or resistance areas. 🔷Higher highs confirmation: Look for the formation of higher highs after the price touches a Fibonacci level, indicating a continuation of the uptrend. 🔷Entry opportunity: Consider entering the market after a pullback when the price resumes its upward movement, using appropriate risk management strategies. By combining the power of Fibonacci retracements, recognizing pullbacks in uptrends, and waiting for higher highs, traders can position themselves to capitalize on the potential profit opportunities offered by the market. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
$EURUSD Can Jump #EURUSDTraders and Investors, EURUSD has been falling after reaching one of our long-term targets. Now it is at a junction from which it can make a little jump. The price action is still weak, so we must be watchful and wait for good confirmations. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
$TSLA Can Fall #TeslaTraders and Investors, Tesla has been in a downtrend and is looking weaker at the moment. It is forming a potential M pattern which can push the price down. A good confirmation may be needed to initiate a position. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NASDAQ:TSLAShort
by vikinsa
2
$EURCAD Can Rise Now #EURCADTraders, EURCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time. Beware that this can still form an extended M pattern as we have a trend lines cross. So trade what you see and only with a confirmation. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
2
$NZDCAD Can Rise On An M Pattern #NZDCADTraders, NZDCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
#NASDAQ Can Go Higher $NQ $NDX On The Higher Time FramesTraders, We have been bullish since the last quarter of 2022 on this market. NASDAQ now is reaching a point of a possible breakout. Short term it can go a down a bit but on this higher time frame, it is still forming a bigger W FCP Pattern which means that it is still on its target to reach higher levels. Please note that the chart is Weekly timeframe. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
U
by vikinsa
$EURGBP Can Fall Down Further Before Rising Up #EURGBPTraders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
$DXY Latest Analysis #DXY #USDOLLARTraders and Investors, It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and is just a scenario (possibility) for now to consider. The higher time frame levels are there on the chart. Please check USDCHF and USDJPY analysis too as they can give strength to DXY. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:DXYLong
by vikinsa
1
$CADJPY Can Rise #CADJPYCADJPY has a similar pattern as USDJPY. Please see the attached USDJPY analysis: 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
$GBPUSD Watch These 2 Zones On #GBPUSD Traders and Investors, GBPUSD has been very bullish but the recent price action has started to show signs of fatigue. So watch these 2 zones (as marked on the chart) for a possible correction downward or trend reversal. A proper confirmation will be needed as the trend has been strong. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Short
by vikinsa
$USDJPY Can Rise #USDJPYTraders and Investors, Overall on the monthly and weekly time frame, it is still bullish although it fell down from the 150 level. Once this sort of thing happens, it is natural for the price action to revisit areas around previous highs to form a W pattern. USDJPY created a double top this week and fell down. now we are watching a few zones and the trend lines which can provide support to the price. If the price gets supported it can target that liquidity above the double top. This also can lead it to rise higher to complete a W pattern. The formation of the W pattern is bullish and the completion is bearish. So whilst it will be making a W pattern, it is expected to rise higher. So watch out for these levels and trend lines in the coming weeks. Check UDSDCHF also pointing a little bullish pattern here: 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
$USDCHF Can Rise Soon #USDCHFTraders and Investors, USDCHF has completed a weekly M pattern as we approach the end of this week. Remember this is a weekly time frame pattern so may take days and weeks but we can expect USDCHF to rise upward because of the M pattern and trend line. This can impact EURUSD inversely and also can give strength to DXY (USDOLLAR) which in turn can impact all asset classes. Last week (the last week of April) a rise in this gave strength to DXY. This can happen again. So beware of this potential bullish pattern. DXY, on the other hand, has a possibility of W formation of a smaller time frame which can push the price up There are also a few gaps left on DXY as below in the chart. Bearea that we have a potential double bottom and 100 psychological number. So the market may try to come down to collect liquidity below the double bottom and 100 number. But even in that case, the potential bullish W pattern will still be valid. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
$GBPJPY Can Go Much Higher #GBPJPYTraders and Investors, GBPUSD fell to multi-decade lows last year and since then it has been consistently rising up. Whilst GBPUSD itself was not moving that sharply up, other pairs such as GBPJPY showed much higher strength. GBPJPY last week/month crossed an important barrier. If this trend line and this correct resistance level are broken and confirmed, GBPJPY can rise much higher into FCP zones as marked on the chart to complete potential W patterns. Please note that this is a Weekly/Month time frame so it can take months with a lot of ups and downs. 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 setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
1
📊 Fibonacci Trading: Extension LevelsThe Fibonacci retracement tool plots percentage retracement lines based upon the mathematical relationship within the Fibonacci sequence. These retracement levels provide support and resistance levels that can be used to target price objectives. Fibonacci Retracements are displayed by first drawing a trend line between two extreme points. A series of six horizontal lines are drawn intersecting the trend line at the Fibonacci levels of 0.0%, 23.6%, 38.2%, 50%, 61.8%, and 100%. 📍 How this indicator works The percentage retracements identify possible support or resistance areas, 23.6%, 38.2%, 50%, 61.8%, 100%. Applying these percentages to the difference between the high and low price for the period selected creates a set of price objectives. Depending on the direction of the market, up or down, prices will often retrace a significant portion of the previous trend before resuming the move in the original direction. These countertrend moves tend to fall into certain parameters, which are often the Fibonacci Retracement levels. 📍 Calculation Fibonacci numbers are a sequence of numbers in which each successive number is the sum of the two previous numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, and so on. 📍 What Are Fibonacci Extensions? Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a pullback is finished. Extension levels are also possible areas where the price may reverse. Drawn as connections to points on a chart, these levels are based on Fibonacci ratios (as percentages). Common Fibonacci extension levels are 61.8%, 100%, 161.8%, 200%, and 261.8%. 🔹 Because Fibonacci ratios are common in everyday life, some traders believe these common ratios may also have significance in the financial markets. 🔹 Fibonacci extensions don't have a formula. Rather, they are drawn at three points on a chart, marking price levels of possible importance. 🔹 The Fibonacci extensions show how far the next price wave could move following a pullback. 🔹 Based on Fibonacci ratios, common Fibonacci extension levels are 61.8%, 100%, 161.8%, 200%, and 261.8%. 🔹 Extension levels signal possible areas of importance, but should not be relied on exclusively. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
LINKUSDT is testing the support right nowLINKUSDT 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 new support, this could signal a potential bullish trend. To apply Plancton's Rules in this scenario, traders should wait for the new liquidity and a new breakout to be confirmed before taking a long position. This means waiting for the price to break through the key resistance level and establish new support, which can provide more reliable signals for traders. So, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
11
The Ultimate Algorand (ALGO) Analysis - Bottom $0.1618On 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 ascend. In early February of 2021, ALGO topped around $1.8427 (Point A of the harmonic) This increase is by an exact amount of $1.618, the main number in the Fibonacci sequence. Coincidence? I don't think so. After it dropped to Point B of the harmonic, around $0.67, which is a very strong Support/Resistance level. Notice the number - 0.67 is exactly 2/3 of 100. If I multiply 0.6667 by 0.6667 I get 0.44444. 0.6667 - 0.44444 = 0.223, the EXACT NUMBER of Algorand's Support level before the bullrun. OK, now this is getting crazy. Algorand then increased by 161.8% (A-B) to create Point C (around 2.5589). It then dropped to around $1.5144 - the 0.444 support level (which I have marked "S"). (Remember that 0.4444 number from earlier? Yeah.....) The price was then manipulated up to around $2.99-$3. This manipulation point is a whole new conversation involved with even more complex numbers and I think its best we avoid this in this argument, since it doesn't affect this current idea. ANYWAY, if we ignore the manipulation which we usually do in these circumstances and create Point C as our harmonic level, we can see that BC is a +1.618% of AB. Now if we draw a fib between ZERO and A we get 0.618 which is at point B OR if we draw a fib between $0.223 (Start of 2021 bull run) and $1.84 ish (Point A), we get the retracement value around 0.707 which is half of the value of 1.414, and 1.414 is the square root of 2. So AB is (XA x half of the square root of 2) and the next move entails a 1.618 move of that figure. Crazy maths... Anyway, In a standard AB=CD HARMONIC PATTERN, we have 3 different variations, AB=CD, AB=CDx1.272 or AB=CDx1.618. The most common one is 1.272, which is the square root of 1.618. Now what happens if we measure BC x 1.272? The answer is a price of ALGO of $0.1618. As soon as I saw that it hit me. That's the bottom. $0.1618, the Fibonacci golden number will likely be the bottom of Algorand in this cycle. So what is the profit target? So I checked a few measurements. I tried CD x 1.618 (if we hypothetically say that $0.1618 is the bottom of Algorand this cycle) and that gave me a figure of around $4.03. I also did (All Time High minus All Time Low) x 1.272 (the square root of 1.618) and that gave me a similar figure of around $4.03. OH ALSO, one last thing... Algorand is currently in a Bear Flag, the target is around $0.223-0.226 to Buy the bounce. It will go lower around Christmas time, but if you look at the 1.414 level (square root of 2) of the Bear Flag, it also reaches the same point around $0.1618!
by reiiss7
6