EURCHF Wave Analysis 21 November 2024
- EURCHF under bearish pressure
- Likely to fall to support level 0.9250
EURCHF under the bearish pressure after breaking the support zone between the support level 0.9335 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the upward price move from August.
The breakout of this support zone accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May.
EURCHF can be expected to fall further to the next support level 0.9250, former strong support from January and August.
Oscillators
Learn Mother, Father and small child theory and Parallel channelThis is an educational video explaining medium to long term analysis of Nifty for educational purpose through my Mother, Father and Small Child theory. I am also trying to explain what happens in the long run, also you will find insights of how to use and draw a parallel channel. I have also done an analysis of Nifty supports and resistances in the medium to long term. We are also trying to understand what can be the channel top in the long run. We are also trying to see how RSI works in brief. The attempt is to explain a lot of stuff in simple jargon free language in roughly 16 minute video so that you get lot of education. It is going to be a power packed 16 minutes once you watch it. Do not forget to like/ boost our video and subscribe our channel.
To learn Mother, Father and small child theory to the deeper extent and to learn about RSI do read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback and Kindle version. The book is also available on Google playbook in E-version.
Disclaimer: Purpose of the video is for education. Do not treat this as a buy or sell call on Nifty. I am just trying to teach / throw light on Mother, Father and small child theory in brief along with the use of parallel channel. Hindi and English both languages are used in the video for wider audience to understand the same.
bullish xrp
Here's a polished version of your analysis in English that you can share:
XRP Analysis: Potential 20% Rise
Hello my friend,
XRP is looking strong right now, and it’s time to keep an eye on it. We're approaching a key breakout point, and after that, we may see a retest of the breakout level. This could provide a perfect entry opportunity.
Key Points to Watch:
Breakout Setup: XRP is nearing a critical level where a breakout is likely, which could trigger a significant upward movement.
Retest Opportunity: After the breakout, watch for a retest of the breakout point, which will confirm the trend and present a good buying opportunity.
20% Upside Potential: Based on current technical indicators, there's a high probability that XRP will rise by approximately 20%.
Stay alert and monitor the market closely for the next moves!
My brand new indicator-combos (100%free). Reversals+so_much_more
Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis through no fault of your own, too many indicator strategies dumped on you.
I don't do this on Youtube, I figure theres enough people regurgitating the same trading information, plus often the same talking heads who are promoting indicators in a paid endorsement. On the other hand, I am not afilated with ChartPrime, Bjorgum or any of the other indicator owners / developers whos' indicators I am simply borrowing for free to come up with my Strategy, which for all cents and purposes can be formed into varioius strategeies but all from the 1 Chart and indicator suite, sort of like a swiss army knife but only covering the strategies that are of interest to me,
1. Pullback trading with trend (200ema is below current price action) Or Reversal trading causing a new trend (riskier setups), but with additional confluences (that I offer) can be positive in finding a reversal. The first indicator I use for this is called.
CYCLE 4 | Realised Price Oscillator & Overlay - DETAILEDThis post is intended to be used with an earlier interactive companion post, crated to observe BTC's interactions in prior cycles so we can take learnings into cycle 4 with respect to BTC's under and over extensions of the calculated Realised Price.
A quick refresher - What is Realized Price?
Source: www.bitcoinmagazinepro.com
"Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the ‘average cost basis’ at which all bitcoins were purchased, which is another way of describing Realized Price."
The above relationships have been incorporated into the Overlay and Oscillator indicators developed for this post to use into DCA accumulation and sell strategies.
Historic Observations
As per the above prior post, we see BTC enters a cycle topping and bottom phase when BTC's 'Realised Price' enters the top red and bottom green over extended regions of the normalised Oscillator and the Red and Blue Extension lines of the Overlay indicators.
We see historically the Oscillator shows the region where price moves with high volatility and other indicators that rely on divergence can extended much further than in other periods in the cycle before a true change in trend is achieved. In 2021 Overlay indicator (RED Line) was breached many times before we put in a significant trend change and the ultimate cycle top was realised at the second peak interestingly at the lower 'Purple' extension line November of that year.
CYCLE 4 Update
Where are we now according to the Realised Price Overlay and Oscillator indicators... Based on historic review of BTC relationship suggests we are about to enter the parabolic region of this cycles (Oscillator is about to enter into the 'RED' zone and Overlay indicator has breached the Purple line and is between the Red and Purple line).
Interestingly this relationship aligns with our cycle mapping posts, looking at BTC historic behavior since cycle bottoms and tops and BTC price targets based on Fibonacci extensions.
CYCLE 4 | Realised Price Oscillator & OverlayThis post is intended as an interactive companion post with a 'to follow' detail post for historic analysis.
I want to explore the relationship with BTC and Realised Price, and historically where we have seen cycle over bought and sold regions based on extensions from calculated realised price values.
What is Realized Price?
Source: www.bitcoinmagazinepro.com
"Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the ‘average cost basis’ at which all bitcoins were purchased, which is another way of describing Realized Price."
The above relationships have been incorporated into the Overlay and Oscillator indicators developed for this post to use into DCA accumulation and sell strategies.
I will follow this post with a zoomed version for detailed discussion.
Gold - Wave 5, plus CCI and RSI confirmationAt the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
Treasury yields at a crossroads? The implications for marketsThe long end of the US Treasury curve has been influential for FX markets recently. The rolling 10-day correlation between US 10-year yields with the DXY, EUR/USD, GBP/USD, and USD/JPY is either strongly positive or negative. Even gold shows a notable -0.73 correlation, highlighting the influence of long bonds on broader markets.
Given the inverse relationship between bond yields and prices, it’s no surprise that the correlation between 10-year yields and 10-year Treasury futures (shown in orange, left-hand pane) has been nearly perfectly negative over the past two weeks.
In terms of directional risks for yields moving forward, the right-hand pane showing US 10-year Treasury note futures is instructive. The price remains in a downtrend, repeatedly rejected since being established October. If this trend persists, it signals lower prices and higher yields.
That said, with the bullish hammer candle from the lows last week, coupled with RSI (14) and MACD which are providing bullish signals on momentum, you get the sense we may be in the early stages of a turning point.
If we were to see the price break the downtrend, resistance may be encountered at 113’00, a level that’s been tested from both sides in recent weeks. If that were to give way, it points to an environment of a softer US dollar and kinder conditions for longer duration assets and commodities.
Good luck!
DS
Merck & CO Inc: MRK oversoldIt's a cypher like bullish pattern with measurements close to an ideal cypher i.e. 1.5 per cent discrepancy, but I am looking at a broad timeframe over last couple of years. assuming it is bottoming these days around 95 it should bounce back to around 120 i.e. fibo .618 of the cd leg. - at least!
main oscillators i track indicate oversold on day, week, month TF
Coca-Cola Wave Analysis 20 November 2024
- Coca-Cola reversed from support level 61.35
- Likely to rise to resistance level 64.00
Coca-Cola earlier reversed up from the support zone between the pivotal support level 61.35 (former monthly high from February and March) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star, which started the active minor ABC correction (ii).
Coca-Cola can be expected to rise to the next resistance level 64.00, which is the target price for the completion of the active wave ii.
GBPUSD Trade PlanChart shows a bullish divergence between price and RSI, alongside an inverse head and shoulders pattern, indicating a potential bullish reversal.
The trade setup suggests a buy stop above the neckline at 1.27268, with a stop loss at 1.25861 (below the lower low).
Profit targets are TP1 at 1.28680 (first resistance) and TP2 at 1.30080 (higher resistance).
Ensure confirmation with a strong breakout above the neckline.
Partial profits can be taken at TP1, moving the stop loss to breakeven for a risk-free trade.
If the price closes below 1.25861, the setup is invalidated, and no entry should be made.
UK inflation report to provide fresh GBP/USD setupsGBP/USD would likely be a lot higher heading into today’s UK inflation report if not for the Ukraine headlines yesterday. The bullish pin coming a day after a bullish engulfing candle says as much, reflective of plenty of willing buyers below 1.2613.
With RSI (14) breaking its downtrend and MACD looking like it may soon flick higher, momentum also looks to be in the early stages of turning, adding weight to the price signals over the past two sessions. While the near-term bias is bullish, entry for potential longs will be determined by the UK inflation report due out shortly.
The annual headline rate is expected to accelerate to 2.2% from 1.7%, although traders may want to put more weight on the core and services figures given noise created by base effects. The former is seen easing a tenth to 3.1% while services is tipped to remain sticky at 4.9%, reflecting the impact of continued strength in wages growth.
However, domestic factors have not been highly influential over GBP/USD moves recently, as demonstrated by the extremely tight inverse relationship with US benchmark 10-year US Treasury yields over the past fortnight.
If the relationship persists, use the reaction to the report to evaluate the merit of setups.
If we see a dip towards 1.2613, you could buy with a tight stop beneath for protection. 1.2720 would be the initial target with 1.2803 the next after that. Another option would be to wait to see whether the price can break above 1.2720, allowing for longs to be established with a stop below. 1.2083/200DMA would be the first target. Beyond, the uptrend dating back to May is also on the radar. It’s found around 1.2930 today.
If the price were to break and hold below 1.2613, the bullish bias would be invalidated.
Good luck!
DS
Start of a full-scale uptrend: When it rises above 5.770-5.927
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(TONUSDT 1W chart)
The key is whether it can maintain the price by rising above 5.770.
-
(1D chart)
To do so, it must be supported around 5.469 and rise.
If it does not and falls,
1st: 5.169-5.274
2nd: 4.668
You should check for support near the 1st and 2nd above.
-
Therefore, in order to trade TON coin, it is recommended to check for support at least around 5.469.
The real buying period is when it shows support around 5.770-5.927.
Otherwise, it may pretend to rise above 5.770-5.927 and then fall.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
ETH needs to rise for altcoin bull market to start
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-------------------------------------
Altcoins are rising by more than 30%, so it seems that the altcoin bull market will start, but in fact, I think the altcoin bull market has not even started.
(ETHUSDT 1M chart)
It is showing a movement that seems to be turning into an uptrend by touching the MS-Signal (M-Signal on the 1M chart) indicator and rising.
However, it cannot be said that it has turned into an uptrend because it has not maintained the price by rising above HA-High (3321.30), BW (100) (3438.16).
HA-High, BW(100) indicators indicate the high point range.
Therefore, in order for a full-scale uptrend to begin, the price must rise above the HA-High, BW(100) indicators and be maintained.
If not, I think it is highly likely that it will end as a rebound rather than an uptrend.
-
ETH is the second largest coin in terms of market capitalization after BTC.
Therefore, I think that ETH must first maintain an uptrend for an altcoin bull market to begin.
A few coins (tokens) are showing a large increase, but looking at the overall flow of altcoins, it seems that they have stopped rising and are now moving sideways or starting to show a downtrend.
-
(1D chart)
Therefore, I think what we should look at importantly is the movement of ETH.
1st: 3039.57-3076.0
2nd: 2895.47
The key is whether it can rise with support near the 1st and 2nd above.
-
The MS-Signal (M-Signal on the 1D chart) indicator is rising near 3039.57.
Therefore, volatility is expected to occur when the MS-Signal (M-Signal on the 1D chart) indicator is touched.
Currently, since it is maintaining the status of M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart, I think it is more likely to show an upward trend.
Therefore, if the price rises above 3321.30 in the volatility that will occur this time and maintains, it is expected that an upward trend to renew the ATH will begin.
If ETH starts to rise to renew its ATH, I think it is highly likely that the altcoin bull market will begin.
In order to do that, I think BTC needs to confirm its support.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been rising since 2015 following a pattern.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the rise is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Next Volatility Period: Around December 3
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The key is whether it can find support in the 3 (92026.52) ~ 3.14 (93570.28) range and rise to around 3.618 (98841.11).
Since this volatility period is expected to continue until November 20, if it shows support in the 3 (92026.52) ~ 3.14 (93570.28) range, it is expected to rise.
However, if the current StochRSI indicator falls to the oversold zone and falls below 3 (92026.52) and shows resistance, there is a high possibility of a decline, so caution is required.
At this time,
1st: 90586.92
2nd: 2.618 (87814.27) ~ 1.618 (89050.0)
You should check for support near the 1st and 2nd above.
-
(1W chart)
It is expected that support will be confirmed even if the price rises.
Therefore, it is expected that even if it rises to around 3.618 (98841.11), it will fall and proceed with the support confirmation work.
At this time, the support confirmation section is the section indicated by a circle.
It is expected that this support confirmation work will be for an increase of more than 100K.
-
Have a good time. Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
ZSL/JDST: Potential Long OpportunityZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present, and a quick look at the daily chart confirms it.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
Gold’s Got Drama: Is the Shine Fading? Let’s Dive In!🚨 Gold’s Got Drama: Is the Shine Fading? Let’s Dive In! 💰
1️⃣ Medium-Term Trendline: The OG Support!
This trendline has been holding like your favorite pair of jeans—reliable and never letting you down. But here’s the tea ☕: the price has slipped below it and is now knocking on its door like, “Hey, can I come back in?”
🔑 Key Point: If the door slams shut (aka, the trendline holds as resistance), we’re looking at some spicy bearish action. Keep your eyes on this!
2️⃣ Price Making Higher Highs, But…
🎵 "The higher you climb, the harder you fall…" Gold’s been flexing with those higher highs, but the RSI isn’t buying it. It’s like Gold is posting gym selfies 📸 while secretly skipping leg day. The disconnect is real.
❗ Warning: When price says "up" but RSI says "nah," the universe is screaming reversal incoming.
3️⃣ RSI Bearish Divergence: Red Flag Alert 🚩
RSI is the wingman who sees the danger before you do. It’s whispering, “Bro, this trend is running on fumes.” Lower highs on the RSI + higher highs on price = the perfect cocktail for a pullback. 🍹
📉 Translation: Momentum is fizzling, and buyers are running out of juice. The bears might just be warming up. 🐻
4️⃣ Price Retesting the Trendline: Playing Hard to Get 😏
After breaking up with the trendline, the price is back, asking for a second chance. Will the trendline say, “No thanks, I’ve moved on” and reject it as resistance? 👋
💡 Pro Tip: If the price gets rejected here, it’s basically like Gold saying, “I’m tired of this relationship. I’m heading lower.”
5️⃣ Sell Big if It Breaches Again: The Money Shot 💥
If the price slips below the trendline again, it’s game on for the bears. That’s your signal to bring out the big guns—just don’t forget your stop-loss armor. ⚔️
🚨 Action Plan:
Sell below the trendline breakdown.
Targets? Look for levels like $2,400 or lower.
Keep stops tight above the retested trendline. Remember: trading isn’t a free-for-all. 🎯
TL;DR: Gold’s at a Crossroads ⚖️
This chart is giving all the signals of a potential reversal. 1️⃣ RSI divergence says momentum is tired. 😴
2️⃣ Price retesting the trendline screams, “Decision time!” 🕒
3️⃣ A breakdown could mean a juicy shorting opportunity. 📉
💥 Final Thoughts: Don’t YOLO into this trade. Wait for confirmation. Be disciplined. And as always, let’s bag those profits like a boss. 💼💸
What’s your move? Are you riding the bear train or waiting for Gold to prove it’s still got its shine? Let me know, and let’s crush it! 🚀
USD/CAD: Eyes on inflation as reversal sets stage for downsideThe Canadian dollar delivered a reversal signal against the greenback on Monday, with USD/CAD printing a bearish engulfing candle on the daily chart. After trading within an uptrend since early November, this suggests directional risks could be turning, even if momentum indicators like RSI (14) and MACD are yet to confirm.
USD/CAD briefly tried to bounce during the Asian session but stalled at 1.4034, the low from last Friday. For those considering shorts, this level provides a decent setup, allowing for entry beneath with a tight stop above for protection.
To make the trade stack up from a risk/reward perspective, it will require the price to break minor support at 1.4003 first, opening the path toward 1.3959, a level that acted as resistance in late October and early November.
Today’s inflation report is a standout in a slow global data week. The annual CPI rate is expected to climb from 1.6% to 1.9% in October, nearing the midpoint of the Bank of Canada’s (BoC) 1-3% target range. Core inflation, which is the average of Statistics Canada’s trim and median CPI readings, is expected to print at 2.4%, slightly above September’s pace.
With the BoC forecasting core inflation of 2.3% by December, a result in line with market expectation should do little to diminish the view that further rate cuts are in the pipeline. However, an upside surprise could see the BoC start to slow the pace of easing. Such an outcome would improve the prospects of the trade succeeding.
Good luck!
DS
It is showing signs of a downtrend. But...
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
This volatility period is expected to continue until November 20.
As I mentioned yesterday, the point to watch is which direction it deviates from the 87.8K-93.5K range after the volatility period.
Therefore, it is necessary to check which direction the price will be maintained for a longer period based on the area around 90586.92.
-
In order to maintain an upward trend, it is necessary to maintain the state of 5EMA > StErr Line.
If not, and 5EMA < StErr Line is maintained, there is a high possibility of a downtrend.
-
Since the StochRSI indicator is located at the 50 point, it is necessary to check in which direction it moves at the 50 point.
When the StochRSI indicator
1. falls in the overbought zone
2. is located near the 50 point zone
3. rises in the oversold zone
When it shows the above movements, volatility is likely to occur.
-------------------------------------------------
The display method has been changed so that you can see which zone OBV is located in by the color of the candle.
1: Above the top point of the box
2: Box midpoint ~ box top point
3: Box midpoint ~ box bottom point
4: Below the bottom point of the box
You can check whether it is a rising candle or a falling candle by the borders or wicks of the candle.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
TOP 10 BEST TRADINGVIEW INDICATORS FOR 2025In this video, I show you all how I use some of my favorite TradingView indicators for my trading & investing strategies & explain how these can be the most powerful tools in your arsenal if you are a trader or investor!
My Top 10 TradingView Indicators are also Below:
1. CM_Ultimate RSI Multi Time Frame by ChrisMoody
2. Death Cross - 200 MA / 50 Cross Checker by MexPayne
3. Gaps
4. Indicator: WaveTrend Oscillator by LazyBear
5. Moving Average Convergence Divergence (MACD)
6. Pi Cycle Bottom Indicator by Doncic
7. RCI3lines by gero
8. Stochastic RSI
9. TDI - Traders Dynamic Index by JuanManuelOrtiz
10. True Strength Index
The key is whether it can be supported and rise near 137.39
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a good day today.
-------------------------------------
(NVDA 1W chart)
This is the stock with the highest trading volume among NAS100 stocks.
It showed a downward trend near 1 (150.20), which was expected to be touched.
Accordingly, the key is whether it can maintain the price by rising above 141.98.
If not, it is possible that it will fall to around 123.54.
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(1D chart)
The key is whether it can receive support near 137.39 and rise above the MS-Signal (M-Signal on the 1D chart) indicator.
Accordingly, it is expected to continue the upward trend if it rises above 0.886 (143.44).
If not, if it falls below 137.39, it is likely to fall near the M-Signal indicator on the 1W chart.
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Have a good time.
Thank you.
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EURUSD Wave Analysis 18 November 2024– EURUSD reversed from long-term support level 1.0500
– Likely to rise to resistance level 1.0620
EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from the start of 2023, as can be seen below), standing close to the lower daily Bollinger Band.
The support level 1.0500 level was further strengthened by the lower daily Bollinger Band.
Given the strength of the support level 1.0500, oversold weekly Stochastic and the strong US dollar bearishness seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.06200, former support from the start of this year.