Get started

Fibonnacci

Ascending Triangle on Dogecoin 4 Hour ChartWe have a Potential Ascending Triangle on Dogecoin. I Originally was looking at it as a Bear Flag targeting an 0.886 Retrace but in the time since identifying it the Bear Flag has seemingly held the 0.786 Retrace and the Ascending Demand Line as if Doge wants to make a Higher Low and attack the Level of Supply above. Due to this I'v altered my opinion on the Doge Bear Flag and am now looking at it as a Potential Ascending Triangle that could take it even further beyond the TP target i have plotted on the chart.
Long
by RizeSenpai
1
US30: Sell if this happensWe are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone. You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility. The trade I currently have marked takes a sell at the .786 and has the stop loss extending 150 pips just past the swing high. The 1st target is at the swing low at around 400 pips for a 1:3 Risk to reward ratio. I'm come to the sell bias using the same methods described in previous posts. With confluence on the lower timeframes I gain confidence in the area. Enough confidence to assume the risk my system has established. Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.
UShort
by LevelsArchitect
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.208 T2 = $0.237 T3 = $0.279 T4 = $0.335 and T5 = $0.488 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.192 SL2 = $0.163 and SL3 = $0.103 Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
by cryptodailyuk
S&P 500 RECESSION ANALYSIS!EARLIER, i had posted saying if the us markets goes further down what will be there point. (check the link section) lets go on further, recession means what earned everything lost, reached its breakeven point. what profit gained has gone away, with net having no loss and no profit. FIBONACCI ANALYSIS: Fibonacci describes this statement in a very beautiful manner. if the price is trading at the 0.5 level then it is has reached its recession point. although do note that 0.5 level is also a deciding level. okay, i will come to this later. lets talk about this idea that why is the US started recovering. interest rates had started coming down, and the indices are reacting very positively towards it. i have explained to Fibonacci that now the recession has been completed according to this indicator. MOVING AVERAGES(50 AND 100): both the moving averages(50 and 100), are meeting at one point, and they will now repel and move upwards. RSI: yet it needs to give a breakout, but is definitely showing divergence(the two purple lines), relating to price action TREND LINES: THE BLUE TREND LINE: yet needs to be breached, and yes this is the move that will make the break of it. many of the great tech stocks have massively come down, and now they are showing divergence and a good upside move is gonna come. FINAL WORDS: US markets will have a boom in their upside movement, as many of them kept on selling their positions, and such the interest rates have started coming down and will become normal within 1-2 years, so from now onwards the next year will be a great run for the US markets. i will come to my point which i earlier which i had left in the middle, in my previous s&p analysis(link below), i had mentioned if s&p goes further down then recession stage, then at what point will it go down, and what will be the levels furtheron. but since interest rates have started coming down, and mostly all the other economical news has been factored, i say that now there is a great space that us markets can have there bull run, and they will have, because its so clear that markets are tend to go upside, and they are the ones who react at first. thank you.
SP:SPXLong
by raghavchoudhary2016
How to use Fibonacci Retracement ⁉️ ‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
OANDA:XAUUSDEducation
by Snick3rSD
EURUSD - Short if cross fibo 38,2Resistance at 0.98857 looked at 1hour tf, and a second resistance at 0.98436. We can see we already had two retracements and can be the next consolidation area. However when we use de fibonacci we can look at 38,2% and see a future support there if not crossed, moretheless if cross it, EURUSD will short. The pair already have a strong short position since we have the MACD crossing the 0, and the canes shadows is touching and following the lower BB line. Together we can analyze the moving average, moving away from the middle line from BB. This is not in the screenshot, but if you use RSI and the Stoch in 30m or 1H you'll see the indicators line is going down. RSI is very close from the 50.0
Short
by AFCapital21
2
NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension. Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase). Monthly = Direction Daily = High or Low price 1Hour = entry According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence. Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows. Also notice the head and shoulders pattern formation at monthly support. Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money... Entry: 11:00AM SA time SL: 0.77563 TP: 0.78821 (next resistance) Lot: 0.5
by TradingfortheFuture_
XRP Golden Crossing Inbound PotentialHey crew, sorry for not publishing in a long while, been busy coding trade interface stuff and getting Pythonic So here's a quick update on the crypto beauty XRPaaaay 1. This Fib channel sits nice on a longer term trend and the price action / conformity is pretty snug 2. The 200 EMA could hold but let's face it, XRP usually dumps deep after most pumps and I like the 50 EMA as another good DCA entry with the possibility of a full retrace to the bottom of the Fib channel 3. The 50 could possible cross the 200 and send a buy signal across the boards on a golden crossing. 4. XRP news is fire right now and the whole SEC regulatory thing is sparking things a bit, but keep in mind that price action usually precedes street level news (buy the rumor, sell the news) so be aware of what's really going on. 5. I still think the dark pool lords could wick us all into the abyss but it probably will happen quickly so I have buys all the way down to garage day levels. I personally do not use stops in crypto because of this reason but conventional wisdom says don't do this. Regulators are looking for more and more reasons to ruin the crypto party, squash your gains and invade your life so I would not put it past them to work behind the scenes to zero everyone out and then introduce 1000000 new rules all in the name of "consumer protection" lol. They really do think everyone is stupid. Been scalping over here and this latest pump added some decent quiche to the buffet. Stay frosty friends and catch you soon!
by FudBox
4
MRNA harmonic 886 retracement. Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new pattern — called “the Bat” — which used what I was calling a “deep 0.786 retracement.” I told him that executing at the 0.786 without regard to the structure was a critical mistake. Besides, the 0.886 retracement, when used in the correct pattern structures, reduced the amount of risk in previously “undifferentiated” Gartley set-ups by 10 percent." old.harmonictrader.com I hope you enjoy the TA.
NASDAQ:MRNALong
by ryanmwing90878
EURJPY Bullish BiasEURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200. Main Scenario: If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2. Note: Technical indicators display slight bearish divergence on lower timeframe warranting caution. Alternate Scenario If the price breaks and consolidates below the pivot, we can expect bearish price movement towards 136.824.
Long
by DennisDims
BTC (Bitcoin) - 15 Min - CryptoUpdateAs of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport, #fakeout (or aka #liquiditygrab or #stoprun) before the bigger corrective wave (c) of #waves begins. Link to Previous 1hr chart: https://
COINBASE:BTCUSD
by ElBichotedelosGraficos