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Fibonnacci

Bluzelle ... The End of the Party A quick look at the look at the price action history of Bluzelle suggests that the impressive run up since midsummer has come to end ... but I've been wrong before, so I welcome your tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. In this case, it is the last of those, TREND EXHAUSTION, that most indicates to me that a limit has been reached and price will fall. Furthermore, that limit has been reached BEFORE the obvious (highlighted) profit target. There are many techniques on display here, but the most important of these is the use of Euler's number as a ratio in the Andrews Pitchfork to time measure inflection points. This technique will appear again in my ideas and forthcoming videos. Now that I have enough followers to enable streaming, I will consider taking topic requests while I develop a programming schedule and make my first recordings. Until then, be liquid !!!
COINBASE:BLZUSDShort
by TheLeadingIndicator
9
NFLX Monthly Chart... 5 trading days to go before the close of the month... which means this last bearish candle that broke the current uptrend can still reverse... let's wait and see.. but currently it is quite bearish... adding the doji that occurred at the .618 Fibonacci retracement level (in red), the RSI not even reaching 60 before reversing and the MACD histogram starting to break down. Zoom out and NFLX is still on a major long term uptrend... even if the price would drop substantially.
NASDAQ:NFLXShort
by ChartsAvenue
The Factors That Could Drive Gold Prices This WeekGold prices are expected to remain volatile this week, as investors digest the latest economic data and central bank policy decisions. The US non-farm payrolls report on Friday will be a key event for gold prices, as it will provide an update on the state of the US labor market. Other key events to watch this week include the European Central Bank (ECB) policy meeting on Thursday and the US Federal Reserve (Fed) meeting on Wednesday. The ECB is expected to raise interest rates for the first time in 11 years, while the Fed is expected to keep rates unchanged. The price of gold is currently trading near the lower end of its recent trading range. A break below this level could trigger a sell-off, while a break above could lead to a rally. Therefore, could see gold revisit $1925. 1. US economic data: The US non-farm payrolls report, the ISM manufacturing PMI, and the ISM services PMI will be closely watched for any signs of economic weakness or strength. 2. Central bank policy decisions: The ECB and the Fed are both expected to make announcements on interest rates this week. Any hawkish or dovish surprises could have a significant impact on the price of gold. 3. Geopolitical developments: Any escalation in the Russia-Ukraine war or other geopolitical tensions could boost demand for gold as a safe haven asset.
OANDA:XAUUSDShort
by CandlesofKarma
NFLX setting up Fib retracement level bounce LONGNFLX up trended starting June 1st through an upper long term anchored VWAP to the next higher VWAP line coinciding with earnings. NFLX dropped after good earnings probably because investors expected even better. On the 30 minute chart, NFLX has more or less completed a 45-55% retracement of that trend up and is now sitting on the VWAP line that it crossed back in early June. Volumes are decent above their moving average. The zero-lag shows a line cross under the histogram which just converted to positive. I analyze this as suitable for a long entry targeting that higher VWAP band line at 495 with a stop loss at 415, the recent pivot low. I will take both a stock trade of 10 shares and a call option striking 475 expiring 8/18 NFLX calls have treated Nancy and Paul Pelosi quite well for a long period and I have enjoyed smaller profits from smaller positions in the same time frame . This looks like another opportunity.
NASDAQ:NFLXLong
by AwesomeAvani
Thinking of Buying Gold - Long Position - Check out the entry So i have used fib levels to determine my buy setup for tomorrow. FVG is very much present below 1945 mark -Many people would be at 1945 mark with Sl of 1940 -1939, but look at my fib level. Buy from discount price which is 1937-1938 and aim for 1963 as TP2. It can go further , but with Friday being slow and weird, i would stay out if i reached my target of 1963. My chart is very self explanatory for those who have basic knowledge. Let me know your thoughts
FXOPEN:XAUUSDLong
by Subliminalroots
2
ETH/USDT 1H Interval ReviewHello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we see that the first support is at $1853, the second at $1848, the third at $1844 and the fourth at $1837. Now let's move on to the resistances, first there is the resistance zone where the price is from $1855 to $1857, then resistance at $1860, third resistance at $1863, then fourth resistance at $1868. The CHOp index indicates that there is still energy to move, the RSI moves around the middle of the range, while the STOCH index indicates that there is room for the price to go a little higher.
by cryptodailyuk
1
EURCAD SHORT/SELL 🔰 Pair Name : EUR/CAD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈 EURCAD Technical Analysis Update 📉 Greetings, fellow traders! 🤝 Today, we delve into the technical aspects of EURCAD on the TradingView chart. Over the past year, EURCAD has been maintaining a monthly uptrend since July 2022. However, starting from April 2023, the pair reached its 5th wave high and has since been exhibiting signs of a shift towards the downside. Notably, during the period between mid-June and mid-July, EURCAD successfully retested the 23.6% Fibonacci level following a robust daily breakout, creating a notable market imbalance below. At the onset of this week, the price demonstrated fresh key highs and formed two compelling daily bearish pin bars after filling approximately 50% of the market imbalance above. In our professional assessment, it is highly likely that the price will embark on a downward journey to retest the market imbalance left below, aiming to reach the 1.442 level. This move could potentially lead to a decisive breakout of the current uptrend channel. Our vision for EURCAD entails a minimum target of 1.442, followed by 1.43242, as it progresses through the selling liquidity collection phase. Keep a vigilant watch on the evolving price action, and may the markets favor your trading endeavors! 🌟 #EURCAD #TechnicalAnalysis #ForexTradingView
Long
by Moon_SmartMoney
Bitcoin (BTC) in 2023: Transitioning into a Bull Cycle High-Level Overview: As we progress through 2023, it appears that Bitcoin (BTC) has transitioned into a cycle impulse wave, a bull run in a five-wave structure, from the bottom of the recent bear market. Within this cycle impulse wave, we are currently in the first primary wave, which is projected to climb up to the 39-40k range. However, this upward trajectory is not without potential roadblocks. Following this initial surge, we can expect a primary Wave 2 correction that could pull BTC down to the 22-24k range by the end of the year. Short-Term Details: Drilling down further into the structure of this first primary impulse wave, we are currently in the intermediate Wave 5. This wave could potentially drive BTC's value up to the 39-40k mark by the end of September. As part of this intermediate wave 5, we are presently in a minor Wave 2 correction. This correction phase may see BTC's price finding support at the 28-29k level. Following this correction, we anticipate a strong minor impulse Wave 3, potentially pushing BTC up to the 1.618 Fibonacci level, which equates to around 36k. Subsequent to Wave 3, minor Wave 4 is predicted to retrace but should not drop below the top of Wave 1, thereby maintaining a support level of over 31.5k. Finally, after this minor Wave 4 correction, we should see the final push of minor Wave 5. This final wave within the intermediate wave sequence could see BTC hitting the 39-40k target. --- Disclaimer: This analysis uses the Elliott Wave Theory, volume profile, and Fibonacci retracement levels for technical analysis. However, financial markets are inherently unpredictable and influenced by numerous factors. This forecast is not financial advice but an interpretation of potential market movements. Always conduct your own research and consider your risk tolerance when making investment decisions. Please keep in mind that the Elliott Wave Theory is highly subjective and open to interpretation. In addition, real-world markets are rarely as neat and predictable as theoretical models, so anomalies and irregular patterns do happen.
BITSTAMP:BTCUSDLong
by HedgeMode
2
Bitcoin 36k Soon Still In the Cards?!Back in January to start the new year Bitcoin was still around 18k and I posted an idea about Bitcoin gearing up for a massive runup toward 36k. Im not going to go deep into that post but I will post the link within this post. I point that out due to the fact that even though we still have not hit that target yet, we still almost immediately after that post witnessed a massive runup in price. The question now however, is are we still going to 36k? And what about beyond that? The short answer is yes. I do believe we will get there and my reasons are as follows: On this weekly chart, price is being squeezed between short term overhead resistance ontop - and a common shallow 38% retrace that was resistance now snuggly holding us as support on the bottom. And in the coming days and few weeks, one can see that the resistance is going to open up and that pressure ontop of is going to release. What happens from that point is for anyone to speculate but a guess would be anything other than further sideways action as there will be nothing there to further box us in. The overall pattern we are forming is technically bearish, yet the market structure of higher highs and higher lows is bullish. As always, one can only wait patiently for the breakout if your entry was not taken either at 25k or back in January when I published my bullish idea while we were still at 18k. It should also be noted that us sitting perfectly on this 38% retrace is a big deal. Prices reverse at deep retraces.. not shallow retraces typically. If we are to reverse here, 29461.79 is what must be broken. And it must be broken not on the hourly.. not on the daily.. not on the 3 day.. but on the weekly time frame. Price can wick thru it but if it holds, I think shorts would be taking bets at a support level in the middle of a range. If Bitcoin can break out of all of this resistance, including the upward sloping ascending channel, my profit taking target will be 36k, but I believe 38k and possibly even beyond that, will be the target.
Long
by TradeVibez
GOLD Expectation OANDA:XAUUSD Gold is swinging in a bullish channel on the 30-minute time frame. Currently, the rate involved in the resistance of the middle level of the ascending channel is at $1928, and provided that the above mentioned resistance is not crossed and candled, this scenario will be strengthened that the rate will initially decrease to the support interval of the bottom of the channel between $1920-1922 and then maintain The mentioned support interval, it seems that the rate can increase in an upward rally to the resistance range of the channel ceiling at $1943, in which the following resistances determined based on Fibonacci levels will be seen one after the other: 1-Fibo resistance of 161.8% at 1930 2-Fibo resistance of 200% at 1935 3-Fibo resistance of 224% at 1938
OANDA:XAUUSDLong
by Daragolbon
SPY Analysis SPY 65m: An acute SPY study shared with peers was used to example the weekly movement of SPY. SPY vs ES was used as a benchmark for S&P Cash Index due to intraday activity (as of recent). Using the 65m horizon, key inflection points were identified using market structure and regression analysis. Session highs for the index ending the week and quarter and marking a new yearly high with current price for SPY trading at 443.28 at the end of session. With July historically associated as a risk on period for the market, longer term bias for neutral-bullish remains (please seek 6WK study for ES1). Forward looking (on acute horizon), fibonacci analysis was applied to current structure being developed during price rediscovery and confidence of character being developed where key levels are: 444.30 (HOD), 443.99, 443.62, *443.09*, *442.71*, 441.91, 441.11 *Prices of higher interest using fibonacci application Bias: Neutral to risk on ATR: 4.27 Price at time of publish: 443.28 (amc)
AMEX:SPYLong
by GroundNinja
2
ES1! Analysis Update into OPEX, FED, and EOYES1! 6WK: Update from April 14, 2023 Publish: +8% shift of structure upwards and price rediscovery from March 2022 levels. A period of inside candles preceding May 8,2023 reflected support at sigma 2. Risk on sentiment as evidenced by confluence of sigma 1 and 0.5 fibonacci level (4155.25) is now approaching 0.236 fibonacci level (4500). This is a high area of interest as PA reverts to mean because: it is where price acceptance has occurred (Oct 2020) and where price acceptance was rejected (Feb 2020)// Regression analysis with pearsons r of .9786// Price at time of study 4483.25// Upcoming macro events and earnings guidance will be factored in alongside breadth and yield measures// Bias: Neutral to risk on
CME_MINI:ES1!Long
by GroundNinja
Bitcoins Next Price TargetBitcoins next price target, before some more meaningful resistance, is likely to be in the range of 35.7k - 36.8k. Their is confluence of fib levels in this range. The 0.382 fib level measured from the all time high to the bear market low, and the golden pocket level (0.618 - 0.65 fib level) measured from the next macro high during the bear market to the bear market low. We also see a bigger spike on the VPVR (Volume Profile) becoming active at this target. More volume was previously traded at this target level and these areas on the VPVR can act as support or resistance levels. This level is marked out with the white dotted line and it lines up with the 0.382 fib and the 0.618 fib. We can also do an AB = CD pattern to calculate a measured move. This is useful when a move is made to the upside (in this case) and then corrects back to the 0.5 Fib (corrects 50% of that initial move). The measured move is then the same length as that initial move to the upside but starting at that 0.5 FIb level. This is shown with the initial move being from 19.6k - 31k (first white dotted line). We then corrected back to 24.8k (50% of the initial move). The measured move from 24.8k (second white dotted line) is the same length as the initial move giving us a target of 36.3k. This is in line with those fib levels and the spike on the VPVR. When their is confluence among different indicators it increases the likely hood of being a key level.
BITSTAMP:BTCUSDLong
by Mamocoin