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Retracment

SPX. How scary or simple is this, "Algo" "science" "Coincident"!We are just setting on top of 50 % Fibs retracements !!! - Fibonacci retracements are based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. - In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. - Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels. -A Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
SP:SPX
by samitrading
19
NVDA Short 200-202NVDA complicated FIB game . I can do it many different ways but decided to play with Projections and extensions . So In general NVDA will face resistance at 200-202 will go down to 197,5-198 . then will go back to 204-205.5 . Then if QQQ and BTC hold it will continue its Prearnings run and after Earnings if it rip up will go high --everyone discussed this levels of 215-235 , but then down big times . In case NVDA stop at 198 and face strong resistance i do not know it is not likelly but possible then you know in case earnings sell off look down 160 or lower
NASDAQ:NVDA
by mariyan15135931
1
XRP Weekly - 20th Jan - End of Month OutlookCurrently we are between the 61.8 and 78.6 retracements following the big move in November The grey arrow shows that we had a Lower High formed, just barely, from the 22 June low - followed by a bullish engulfing. And since then we have had a Weekly wick to the 78.6 again and close above. A solid Weekly close above the $0.366 and we are away. Coincidently, Brian Brooks said on Dec 4 that we would have regulatory clarity within 6-8 weeks, which also aligns with this price action. twitter.com Check the next chart for a Daily triangle forming which aligns with this bias.
BITFINEX:XRPUSDLong
by jakedubbz
The 10 Year QE Bubble - "To Infinity, and Beyond!"A simple look at more recent boom and bust periods of the S&P500 Thinking Out Loud Is the QE Bubble bursting before our eyes? Will we see an all time high before a huge collapse and more Stimulus/QE? Opinion Outlook seems bearish for the long-term. These market levels are not sustainable, and inorganic, we are in the last phase of the QE bubble before it goes pop. COVID19 Wave 2 seems guaranteed at this point... Economic recovery is not going to be a V... Positioning I'm continuing to add on more shorts at these levels and above, long-term, mostly through inverse ETFs. I will continue trading the market pops and drops, while adding on to my long-term shorts. *Fundamentals seem forgotten, but at the end of the day, they ALWAYS rule the markets... this Market is in Mania.
SShort
by jb_skis
2
SIRI H&S PatternSiri has formed a head and shoulders pattern after a strong uptrend since it was $0.04 in February of 2009. Some notes: - Monthly indicators show the stock is well overbought and due for a pullback. Daily indicators show the stock is oversold after pulling back from $5.53 (52 week high). I would look for the stock to consolidate momentum near the neckline prior to pushing through. - Monthly chart shows 2 fibonacci retracement points that the stock has used as support and resistance and could fall to should the stock break the H&S neckline. Moreover, on the daily chart, from $4.05 the right shoulder has used the 78.6% retrace as resistance, telling me that if the neckline breaks, our first point of resistance may be at $4.96 (61.8% retrace). (Yea, my brain hurts from all these fib numbers too) - Volume is very telling here. Typically what you want to see in a H&S pattern is higher volume on the left shoulder, and possibly the head, with declining volume on the right shoulder's uptrend. Moreover, you'll notice that after the head formed (and frankly throughout the whole formation), negative days have shown higher volume than positive days. - Monthly chart also shows a shooting star doji (without the shaved head). However, "technically", a shooting star doji should open lower, so don't read too much into that. - On 3/22 the stock gapped lower and slowly covering the gap over the next few days before moving lower. No one likes a gap unfilled and this shows the stock is ready to move lower
NASDAQ:SIRIShort
by myfye13
LBCBTC significant area to enter with low risk Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March which results in trend reversal with sharp movement towards north. GAP support is tested on Daily chart for time being. There are also two more important signals which 50% retracement plus round number 0.000040000 which is slightly below GAP. ----->If the GAP hold further losses and push pair above this level it will be solid signal to go long with relative low risk compare to potential profit. SL is set just below of Daily candle and TP around 0.000100000 and I think it is very possible that it will reach 200 ema and it is wise in my opinion to close position.
LLong
by Krystiannwk
1
Long on NZDUSD retracement!SHORT TERM ANALYSIS: (LONG) After a break of a major bullish trend line, NZDUSD finally looks like it's going to come down. However a quick scalp could be made off the retracement being forming for an approximately 25-30 pip move. LONG TERM ANALYSIS: (SHORT) NZDUSD had been going on a bullish run a while now, and it stop near perfectly at the 0.68610 for a beautiful drop. Is a double top potentially forming?? If so, we could see NZDUSD drop very quickly in the next few days. Long @ 0.67634 T/p @ 0.67880 Stop @ 0.67450
Long
by AlexxChan
2