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Fibonnacci

NZDCAD about to make new lows (TA and FA)According to the elliot wave theory, FX:NZDCAD . is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
Short
by Crabsy
Natural Gas Buy Setup Developing Natural gas has recently fallen down to a confluence area of support. This support area consists of a long term trendline originating from the low in March 2016, a short term trendline, the 61.8 fib retracement of the March 2016 low to November 2018 high and the 3.00 whole number level. Price has been ranging around this area of confluence for several days now, even briefly managing to close above 3.00 before retreating back below it. If price can close above 3.00 again on a daily basis a long position will be entered. Stop will be on a close below 2.80 and take profit at 3.80. Be cautious because the 200 daily moving average sits above price at 3.12 currently, any sign of price reversing at this level and the trade should be exited. A conservative trader may wait until price has closed above the 200 DMA before entering the trade however risk reward starts to become less favourable. NOTE: This is not recommendation to buy or sell, it is simply for educational purposes.
NYMEX:NG1!Long
by MarkE
S&P500 in a Range - Profits! The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it has a good chance to be corrected on the upside. I believe that good news from US-China trade and reasonable inflation could give the S&P enough momentum to go back to the upper limit. Watch for fundamental news.
SP:SPXLong
by Tutur
GBPNZD BUY IDEA LONG TERMGBPNZD Daily In #gbpnzd, we're looking at a buy idea. First off the pair has created a sharp but clear enough downward trendline and started to bottom out at major support of 1.86150. We can see a W or double bottom formation forming, we'll have to see if price breaks out of the trendline and start heading towards the upside or create a third leg and then start flying for hundreds of pips yet it is still early for it. When we place our fib from the high to the low, there is a sight resistance at the 38.2 point of the fib. we could see price hit that and consolidate for a bit or start dropping. When the pair starts to create more and more confirmations I'll call it out in the telegram channels and our Instagram. instagram: @lehforex telegram: t.me
Long
by mrleh
Dow Jones + The rest of the worldThese are my views on why the Dow has probably topped out. All markets tend to follow the US markets which is why a crash in the Dow Jones will likely result in a crash worldwide. My arguments are presented below: FA: - Longest bull market recorded in history - US debt is worrisome +21B debt (dollar in trouble?) - Private debt ATH (particularly US student loan debt is worrisome) - Enormous geopolitical concerns (need I specify?) - Severe overvaluation of stocks - Interest rates have been on a steady rise - US imposing Tariffs TA (see chart): -Fibonacci resistance fan is hit every time a major crash has occurred since the crash of 1987 (confluence - see below) 1. Big Volume drop 2. RSI massively overbought (usually happens before crashes, see the downward trend) 3. VIX topped out (usually does before crashes) This is not financial advice - DYOR Yours truly //Pman
DJ:DJIShort
by Seriouz
3
Nintendo Correction OverNintendo finished its ABC correction and has begun a new impulse wave. Breakout above bull flag confirms uptrend. MACD formed a bullish cross over and the Stoch is trending up. RSI is approaching oversold on the daily, so there may be a slight pullback in the near future, but its still < 50 on the weekly. First target is the 78.6% fib, which was a previous support level. This is about $49 - $50. Next is the 100%, ie the previous high, at about $57. My opinion not financial advice
OTC:NTDOYLong
by green_brow
BTC Existing Trend Possible Outcomes So I think we will see a retrace to the 20 and 50 MA or the 31% fibonacci retracement which support is the strongest even though these 3 levels are very close to each other around the 6560-6630 levels. From there we will go back up to test this resistant point again at 6730. If we have a convincing breakout from there which I am fairly confident that we will, we will then test the 61-62% fibonacci retracement level around the 6900 levels. If we see enough volume pile up at the 6730-6750 levels again whenever we are testing it again then this is a good sign we could breakout from this level and test the 62% retracement. If we enough volume at the 6900 levels(62% retracement from previous rally) then this is also a good sign we could test the falling wedge upper trendline. From there we are most likely to fall back down and test the 62% level as a support. If that holds and we go back up we will probably break that falling wedge upper trend line which is a humongous bullish signal if done in a convincing manner. From there we will test the 200 MA and probably get rejected if volume is not out of this world. From there we will then test the upper trend line again as resistance turned into support. Save 10% on fees at Bitmex if you use this referral link: www.bitmex.com Please like, follow, and comment with your idea below! Thanks, Chris
BITFINEX:BTCUSDLong
by ChristopherCook
EJ (EUR/JPY) at 0.5 fib levels daily waiting for the Breakout b. EJ EJ (EUR/JPY) at 0.5 fib levels daily waiting for the Breakout b.o. at it's current price to make the higher high,economic calendar releases can affect this currency as news too. Indicators and Oscillators are signalling that i's on ob levels or over bought levels in my DeMarker, Macz-Vwap and Rsi-Ema, it's above my sma & ema levels, including my atr's stops and bb-emas. V9 fractals showing patterns, tux ema scalper and psar good for signalling of the b.o breakout in it's currrenct price may pullback beyond the 0.5 fib levels in higher highs and lower lows
by razeswag77