Impluse Correction ImpulsionThis is not a financial advice, and also make sure to make calculated risk before taking a trade.
Retracement
WAIT FOR A RETRACEMENTWith a Monthly and Weekly bearish trend, the ideal is to go bearish on the lower time frame. And on the 4H there is a supply area the coincides with the 78.6 Fib. With the 3 time frame in sync, if price can come to that area then for me it is a good short position
This is not a financial advice, and make sure to calculate your risk before taking any trade
$GDX: Next Target $38.41This is not financial advice.
I believe $GDX will make a run up to at least $38.41, and potentially higher.
The measured move is confirmed by long hand as well as Fib. extension:
1. High of $33.34 minus it's low of $21.52 (Point A) = $11.82. Point B's (retracement) low of $26.59 + $11.82 = $38.41.
2. Drawing the Fib. extension as show on the chart confirms the same price target.
Cypher harmonic playout? Cypher fits almost perfect so far, excited to see what unfolds.
The cypher has a higher end point than the shark harmonic and the finish line is about 19k
GBPUSDDone mapping, as we can see price almost retest 3rd times the resistant, if its break, then we will meet 1.27668.
MCO 2nd try 📈As you're seeing on this chart - made my 2nd long entry. The first order didn't get filled. I've decided now, that the 38's % fibo retracement seem to give enough support. Would be better if the price has been touching the broken trendline below, but this setup may also work. Let's see.
Good trades, folks!
Low IV consolidation IV Rank on META is relatively low currently based on historical averages and the previous earning reports have been negative.
Looking to create an Iron Condor one standard deviation away from price to collect premium on the time decay as there may be some sideways trending movement
EURUSD After Speech Retrace 08.03.2023EURUSD has fallen heavily yesterday, an obvious shock from the Federal Reserve Chairman Jerome Powell speech at 17:00 GMT+2
"Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated"
Source: www.cnbc.com
This gives rise to retracement opportunity. However, this has to be treated with caution since there is still room for the pair to further continue
the downward path.
News Today that might cause a distortion in the Fibo retracement analysis (GMT+2):
- BOC Rate Statement for Canada at 17:00
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Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Bear Will Growl AgainIt ain't over folks. I see so much hopium and happy nonsense every day here. It ain't getting any higher. Stop smoking weed and sit up straight!
Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet.
Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it.
Fact: Inflation remains unchecked after hiking rates nine times.
Fact: PEs are lower and outlook has been cloudy at best. SPX at 4K PE is 21+ >> historic mean 16; median 15; stonks is overvalued and ERs point to contracting not growing. Real simple math: 21-16 = 5/15 => 30% discount coming. 4K*(-0.30) = (-1.2k) SPX is going to 3K, target 2800-3200.
Fact: We are in QT NOT QE. Cost of making things, doing things, living is HIGHER and not going lower. Everything else is foolish hopium.
Hopium: Tesla is going back to the Moon!! The silly euphoria returning to tech darlings is another warning sign.
LOL Look at the retracements. Market stands at 50% retrace, and Tesla has got back to 50% of $400. Ripe for a short IMO.
All is ready for the final massive dump into the crapper. If you don't 'feel comfy' selling short then GTFO and get in cash. GLTA, ur gonna need it.
NASDAQ Fibo Retracement? 06.03.2023The Index has been moving rapidly upwards and over the MA50.
This is an indication of Trend reversal and it will possibly move
upwards in the medium-run. However, it is estimated to move
as previously within a channel.
That is why it is expected that it will first return to the mean. Retracement
to the 61.8% of the total move is shown with the second green arrow.
It is important that for the retracement to take place, the price breaks all indicated support levels.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
🔥TYPES OF FIBONACCI TOOLS🔥
There are several types of Fibonacci tools that are commonly used in technical analysis, including:
📊FIBONACCI RETRACEMENT
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.
📊FIBONACCI EXTENCION
Fibonacci extensions don't have a formula. When the indicator is applied to a chart, the trader chooses three points. The first point chosen is the start of a move, the second point is the end of a move and the third point is the end of the retracement against that move. The extensions then help project where the price could go next. Once the three points are chosen, the lines are drawn at percentages of that move.Extensions are drawn on a chart, marking price levels of possible importance. These levels are based on Fibonacci ratios (as percentages) and the size of the price move the indicator is being applied to.
📊FIBONACCI PROJECTION
Fibonacci projections are mainly used to get the possible target levels of an ongoing uptrend or downtrend. It
is drawn by joining three points unlike Fibonacci Retracement which has just two points- by joining the lowest
and the highest points of a pre-defined.In order to draw the Fibonacci projections for an asset in an uptrend, we need 3 points:
👉Swing Low - that is the point from which the actual trend started.
👉Swing High - the point at which price started to retrace.
👉Low of the ongoing price correction.
Fibonacci projections provide potential good levels to book profits. The important Fibonacci projections levels
to watch out for are 61.8%, 100%, 161.8%, 200%, and 261.8%.
📊FIBONACCI EXPANSION(SIMILAR TO PROJECTION)
Essentially, Fibonacci expansions allow us to project how far a potential price move is likely to travel. This price move is typically considered an impulsive price move, in the context of Elliott wave. That is to say that it will typically follow a corrective phase and thus form a new trend leg in the direction of the larger trend.In that way it is very different compared to Fibonacci retracements. Unlike Fibonacci retracements which measure an internal retracement against a larger trend leg, a Fibonacci expansion measures an external price leg.
CONCLUSION
It's important to note that the use of Fibonacci tools in trading is just one aspect of technical analysis and should not be used in isolation.
I myself use Fibonacci regularly but I also combine them with technical key levels and with the price action patterns on top of that.
I Hope you guys learned something new today✅
Wish you all Best Of Luck👍
😇And may the odds be always in your favor😇
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SPX 4hr Watch for bottom around 3880-3850Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. 3850 is the point of control of the recent range where many relieved shorts will be looking to get out at break even. The confluence and this range constitute strong support but a weekly close below them would be a pretty bad look.
R2K trading at the 0.50 FibTrades at the most common retracement price. Risk equities may soon become less popular.
Amazing how these small caps appreciated from the COVID lows. Price may be expected to seek fair valuation...
somewhere in between.
USDJPYRetracement to a key level creates the optimal situation to enter the market. In the picture below you can notice that the price has pulled back to the key level after a brief push above it. There was no other clear market signal that the price will go down, so this level can be sometimes the only hint for a trader, that’s why it’s significant not to miss it.
GBPUSD - ShortGU is following the flow, being a bit more resilient thant euro, but still, it's beeing hit pretty hard by dollar strenght.
But, this trade could be taken just looking at TA, I entered it last thursday night after the wick that came to retest the 50% Fib level and the trendline, but, I still believe an entry could be made on the last daily candle. For those working on smaller TF, just look for retracement, break and retest, make sure you gat a 2:1 RR at least and go!
Like every trade, it might not make it but hey, if you're being consistent on your entries rules then, probabilities will fall in your favor with time. I think this trade is falling into my requirements.
Why am I shorting GU :
1) Strong selling pressure on GBP/strong buying pressure on USD
2) GBP made a strong downward movement,
3) it retraced to 50% FIB
4) it broke and retested the trendline it was in since last october.
5) my TP is above next support @ 1800ish + level
Let's keep on riding this one!
Cheers and safe trading!
Leave your comments!
Taking Long position on GBPJPYTaking Long position this trade is a B Grade 80%.
Expecting chart to retrace and possibly go to retest previous highs
AUDUSD Retracement? 15.02.2023Looking for the quick retracement today.
The dollar appreciated greatly this morning.
The news yesterday regarding the CPI have an impact even for today.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
eurousd 1 hr overall bearish But a retracement is expected.Eurousd is very close to Fib golden level in 1 hour time frame.
.618--- chance of retracncement.
Overall trend is bearish but we can see a little pullback from this level.
Let's watch buyer and seller competition on FIB .618 Level.
Venue is FIB Golden ratio
AUDJPY retracement Opportunity? 13.02.2023The Market moved rapidly this morning for this pair.
There are no significant news announced so we expect that this is just intraday.
it would be more appropriate to wait a little bit more for the market to show slowdown with
a couple more bars in order to form a strong resistance.
The arrow shows the potential move towards the support 61.8% fibo level.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius (FSC) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
WTI USOIL Retracement 10.02.2023 There was a shock for US OIL probably because of factors such as the
announcement of Ueda, Reportedly Tapped as Next BoJ Governor.
JPY pairs have been experiencing huge volatility after that.
Now we are expecting retracement for the US OIL. It must be rapid other wise it will signal that it would not happen.
NAS100 CASH Retracement? 10.02.2023This week has been very volatile for NAS100 Cash CFD.
Yesterday since market opening for the US, its price has fallen more than 250 USD.
It might have a big chance in reversing at least 61.8% of the move.
Arrow indicates that level.
The 100% potential and of the move indicates the support. Should that breaks it would mean further downward move.
US OIL Retracement Opportunity? 07.02.2023The Market shows high volatility the past days.
It returns to the mean on a downward trend.
As pert he arrow, we expect that it will return to day to the 61% Fibo level which on the chart Fibo tool
is indicated as 0.38% level because of the automatic placement by Trading View.
EURUSD Retracement? 03.02.2023 Market News Yesterday:
Important to note that the major drivers of the markets these days are the important figure releases, the economic indicators.
At 14:00 BOE Monetary Policy Report and the Official Bank Rate pushed the GBPUSD and EURUSD downwards, over 100 pips.
Today we see both of those pairs to slowdown. This might be an opportunity for going long catching the retracement.
However, important to note that the NF Unemployment Change for the USA might get in the way of this plan.
Previous figures show positive changes in favor of the USD, thus going long before the release is very risky:
Jan 6, 2023 223K
Dec 2, 2022 263K
Nov 4, 2022 261K
Oct 7, 2022 263K
Sep 2, 2022 315K
Technicals: As always, if the shock stops at 1.089 then the arrow shows where the market will at least retrace, to the 61% of the move, at around 1.095.
