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Wave Analysis

Eth - Mastering the Gann Chart: A Beginner’s GuideHello Dear, The Gann chart, attributed to the legendary trader W.D. Gann, is a powerful tool for predicting price levels and time cycles. While it may seem complex initially, mastering its principles can give traders a significant edge. This article will break down the basics of the Gann chart and provide you with actionable tricks to incorporate it into your trading strategy. What is a Gann Chart? A Gann chart combines price and time to identify key levels of support, resistance, and potential trend changes. Gann's theory is based on the concept that price and time move harmoniously. By plotting geometric angles and price levels on the chart, traders can identify critical points where the market is likely to react. The chart shown here overlays key angles and levels, such as: 0° (Base Level): Starting point for calculations. 90°, 180°, 270°, and 360°: Significant price levels derived from Gann’s geometric principles. These levels serve as both support and resistance zones, depending on the market trend. Interpreting the Chart 1. Identifying Key Levels From the chart: 180° = 3,129.91 USDT: A strong support zone. 270° = 3,714.36 USDT: The price is likely to retest this level in a bullish move. 360° = 4,348.82 USDT: This level could act as significant resistance if the price trends upward. 450° and 540° (5,033 USDT and 5,767 USDT): Potential higher resistance zones if the bullish trend continues. 2. Market Reaction at Angles When the price approaches Gann levels, traders can expect: Support: Price may bounce upward if it tests these levels from above. Resistance: Price may reverse downward when testing these levels from below. 3. Time Cycles Notice the vertical grid lines. These represent time cycles and indicate when the price may experience trend changes or significant movements. Look for confluence between time and price for higher confidence trades. How to Use Gann Levels in Your Strategy A. Bullish Scenario If the price breaks above 3,714 USDT (270°), the next target becomes 4,348 USDT (360°). Look for consolidation or rejection around 360°. If broken, the market could target 450° (5,033 USDT). B. Bearish Scenario If the price fails to hold 3,129 USDT (180°), it could decline toward 2,595 USDT (90°) or even the base level (0°). Practical Tricks for Beginners Use Gann Levels for Entry and Exit Plan your trades around key Gann levels. For example: Enter long if the price holds above a support level like 180°. Exit or reduce exposure if the price fails to break above a resistance level like 360°. Combine Gann with Other Indicators Use moving averages or RSI alongside Gann charts to confirm signals. For example, if RSI shows bullish divergence near a support level, it adds confidence to a long entry. Leverage Time Cycles Monitor the vertical grid for time-related trend shifts. If a time cycle aligns with a Gann level, it’s a strong signal to prepare for market movement. Practice in Simulated Markets Start using Gann charts in a demo account before implementing them in live trading. This helps you build confidence in identifying and reacting to levels. Final Thoughts The Gann chart is a blend of art and science, offering a unique way to view the market. While it requires practice to master, its predictive capabilities can significantly enhance your trading results. Start with small steps—focus on a few Gann levels and time cycles—and gradually incorporate them into your trading routine.
by Magic_xD
DAX // possible start of the correctionThe market has reached the daily target fibo 200 and broke the H4 structure by breaking below the H4 impulse base. If H4 makes a new low before making a new high, the countertrend becomes valid. ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
PEPPERSTONE:GER40
by TheMarketFlow
GOLD Technical Analysis! SELL! My dear subscribers, GOLD looks like it will make a good move, and here are the details: The market is trading on 2727.0 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2716.0 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
EURUSD On The Rise! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0266 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0281 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
BTCUSD Set To Fall! SELL! My dear friends, My technical analysis for BTCUSD is below: The market is trading on 10463 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 10112 Recommended Stop Loss - 10678 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
BITSTAMP:BTCUSDShort
by AnabelSignals
2
EURJPY LongHi Everyone, Hope you're ok. Here is our signal for EURJPY. I hope that it brings profit for you all. We want the 15 minute candle to close above the entry, and then respect the entry. Then we will enter. RiskReward is essential. If you are blowing an account, only once, you are doing something wrong. Probably your lot size is too big. Take the time to learn. EURJPY Buy 🦇 📈Entry: 162.160 ⚠️SL: 160.435 ✔️TP1: 163.899 ✔️TP2: 165.902 ✔️TP3: 168.548 Happy trading hope you all make lovely profit. Drop me a like if you do. Best wishes
Long
by Elite_Trading_Signals
Final Puke in Process - Wave 5We are approaching a strong trendline support level which begain back in 2017. The stock is heavily oversold, RSI is in a descending wedge pattern. We are also approaching the golden pocket Fibonacci retracement which can provide additional support. I expect a reaction at these levels and a breakout from the falling wedge pattern on the RSI. So far patience has been the best strategy, I do think this is the final Wave 5 of the correction and so this puke can continue a little further. It's hard to get the optimal entry on a falling knife, to play it safe you can await the wedge breakout with strong bullish volume. Not financial advise.
NYSE:NVOLong
by NoFOMO_
EURUSD Holds Above ParityThe EURUSD chart is consolidating near a potential reversal point, supported by the Relative Strength Index (RSI), which has rebounded from oversold levels seen in 2023. The 1.0170 level serves as a critical point for the EURUSD’s downtrend from September 2024 to January 2025. Upside Potential: If the euro holds above this level, it could climb toward 1.0520, 1.0620, and 1.0850, aligning with mid and upper border of the descending channel spanning from July 2023 to January 2025. Downside Risks: A break below 1.0170 could pave the way for parity at 1.0000, with further downside targeting the 0.99–0.98 zone. These levels align with the 1.618, 2, and 2.272 Fibonacci extension levels of the corrective pattern spanning between Jan 2023 and Jan 2025. Razan Hilal, CMT
by FOREXcom
Will KEYUSDT Bounce or Break? The Market's Crucial Moment!The crypto market often mirrors a roller coaster, and BYBIT-KEYUSDT.P is no exception. Currently priced at 0.0007485, the asset has plummeted 94.43% from its all-time high of 0.0134455 in March 2024, but it’s up 24.34% from its absolute low set just a month ago. Indicators like the RSI (40.58) and MFI (36.56) suggest the market is nearing oversold territory, while a narrowing gap between the MA50 (0.00092) and the current price highlights potential for a technical breakout. Recent patterns reveal an intense struggle between buyers and sellers. The dominance of increased sell volumes over the past sessions has led many traders to question: Is this the calm before a bullish reversal, or the start of another leg down? With resistance looming at 0.001082, all eyes are on whether the asset can gather momentum to reclaim lost ground or if sellers will tighten their grip. For traders seeking action, the stage is set. Will you capitalize on this key juncture, or watch as the market decides its next move? Either way, the opportunity is ripe. Roadmap: The Story of BYBIT-KEYUSDT.P Through Patterns 1. January 7, 2025 – “Sell Volumes Max” (Direction: Sell) The market opened at 0.001194 and closed at 0.0011535, showcasing intense selling pressure with a low of 0.00114. This pattern indicated a shift towards bearish sentiment. Interestingly, the price in the subsequent pattern aligned with this direction, confirming that sellers were in control. The next few bars validated the forecast, as the price continued its downward journey, further solidifying this bearish signal. 2. January 8, 2025 – “VSA Buy Pattern Extra 1st” (Direction: Buy) As expected from this pattern, the market attempted a bullish comeback. Opening at 0.000993, the price initially struggled but closed higher at 0.000972 after testing a low of 0.000959. This was a clear move towards recovery, but it fell short of breaking significant resistance levels. Confirmation arrived as the subsequent pattern reflected further buying pressure, proving that bulls were regaining some footing. 3. January 10, 2025 – “Increased Buy Volumes” (Direction: Buy) Here’s where things got exciting. The price opened at 0.0009775 and climbed to a close of 0.001068, rallying decisively after hitting a low of 0.000945. This pattern screamed bullish energy, with a strong confirmation seen in the subsequent bars. Buyers capitalized on this move, pushing the price to test higher resistance levels. 4. January 11, 2025 – “Buy Volumes Takeover” (Direction: Sell) A shift in momentum was clear as the market opened at 0.0011125 but closed lower at 0.001072, signaling a potential fake-out or exhaustion of bullish power. The next bars saw prices aligning with the forecasted sell direction, validating this pattern’s call for caution. 5. January 17, 2025 – “Sell Volumes Max” (Direction: Sell) The market turned bearish once again, with an opening price of 0.0010495 and a sharp close at 0.000944. Hitting a low of 0.000896, this pattern proved its worth as the next bars continued downward, showing that the selling wave had not yet lost steam. Key Takeaways: The roadmap reflects that bearish patterns like "Sell Volumes Max" consistently aligned with market direction, highlighting a reliable trend-following signal. Bullish patterns struggled to break through key resistance levels but showed potential for short-term trades. Momentum shifted between bulls and bears, creating pockets of opportunity for nimble traders. Technical & Price Action Analysis: Key Levels to Watch Here’s the breakdown of the make-or-break levels for BYBIT-KEYUSDT.P. These zones are where the action happens, and if they don’t hold, they’ll likely flip into resistance. Keep your eyes peeled for these hot spots! Support Levels 0.000602 – The absolute low of the asset, touched recently. If this level gives way, expect it to become a solid resistance. 0.001082 – A critical support zone. If it doesn’t hold, bulls are likely to face a steep climb. 0.004257 – Not just support, but a psychological barrier. Failure here could turn it into a strong ceiling. Resistance Levels 0.001082 – Doubling as support, but if the price can’t break back above, it’s game over for bulls at this level. 0.001476 – The next stop on the way up. If rejected, expect bearish vibes to dominate. 0.00538 – A major obstacle for any meaningful upside momentum. Powerful Support Levels 0.004257 – All eyes are here. Losing this zone would spell trouble, as it’s one of the last defenses. 0.0057895 – A bounce from here could set up a strong rally, but a breakdown flips it into a bear’s playground. 0.0067375 – The line in the sand for bulls. Holding this is critical for regaining confidence. Powerful Resistance Levels No current data here, but watch for powerful zones to emerge once the price climbs closer to previous highs. Pro Tip: If these levels don’t hold, don’t panic. Just flip your mindset – these same levels will likely become strong resistance zones, perfect for fade plays or short setups. Stay sharp and trade what you see! Concept of Rays: Trading Strategies and Scenarios Let’s dive into the mechanics of trading using Fibonacci Rays, the dynamic levels built on precise mathematical principles. These rays define boundaries of movement channels and provide high-probability setups for trading key price interactions. How Rays Work in Trading Fibonacci Rays define zones of interaction, creating a system of dynamic support and resistance levels. Price movements tend to follow rays, and interaction often signals whether to expect a reversal or continuation. Dynamic factors like Moving Averages (MA50, MA100, MA200) further confirm key zones, enhancing accuracy. The strategy: Wait for price to interact with a ray and exhibit clear movement in the direction of the ray, targeting the next ray. Two Trading Scenarios Optimistic Scenario : The price reacts positively to support rays and continues upward, interacting with ascending Fibonacci Rays and moving averages. Targets align with resistance rays. Entry: After interaction with Support 0.001082 and confirmation from MA50 at 0.00092, enter long. First Target: Resistance at 0.001476 (next ray level). Second Target: Powerful resistance near 0.00538 (further ray projection). Third Target: Upper limit of movement at 0.0067375 if momentum sustains. Pessimistic Scenario : Price fails to hold support rays and breaks below, aligning with descending Fibonacci Rays. Each broken ray acts as resistance for potential short setups. Entry: After price breaks below 0.001082 and closes under MA50 and MA100. First Target: Powerful support at 0.000602 (next ray level). Second Target: Deep retracement towards 0.004257, now acting as resistance. Third Target: Collapse towards absolute lows below 0.000602, if selling momentum dominates. Dynamic Trading Ideas Based on Ray Interactions Bounce from MA50 and Ray Support: If price interacts with 0.00092 and shows strong buying signals, go long towards the next ray. Break and Retest of Resistance Rays: If 0.001476 is broken and retested with confirmation, aim for 0.00538. Sell-off after Ray Break: If price breaches 0.001082, wait for a retest and short towards 0.000602. Range Trading Between Rays: Play the levels between 0.001476 and 0.00538 during a sideways market, watching for clear rejection or breakout signals. Key Points for Execution Always wait for interaction with rays and dynamic confirmation (e.g., MA alignment). Move stops to breakeven after hitting the first target. Targets are sequential: from ray to ray, ensuring flexibility in both scenarios. Trade Smart and Flexible : Let the rays guide your entries and exits while keeping an eye on volume and momentum. Remember, every ray interaction is an opportunity! Your Turn: Let’s Keep the Conversation Going! Got questions or want to dive deeper into the analysis? Drop your thoughts in the comments below—I’m here to chat and explore with you. Don’t forget to Boost this idea and save it for later to track how the price respects my mapped levels. Watching these movements unfold is the essence of trading mastery! By the way, my proprietary indicator handles all these rays and levels automatically, making the process seamless. If you’re curious about using it, feel free to reach out via private messages. Let’s discuss how it can become part of your trading toolkit. Looking for custom analysis? I’m open to analyzing any asset you’re interested in. Some of it I share openly, but if you prefer a private breakdown tailored just for you, we can work something out. Trust me—these rays work across all markets, and I’d be happy to create a setup that fits your needs. Finally, don’t miss out on future insights! Follow me here on TradingView, where I post all my updates and ideas. Your support and engagement keep this community thriving, and I can’t wait to hear your thoughts. Let’s trade smart, stay connected, and grow together! 🚀
KLong
by brandlabelden