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Introducing the Dual Dynamic Fibonacci Retracement IndicatorHey there, Stock Justice here. Today, I walked you through using the Dual Dynamic Fibonacci Retracement Levels Indicator on TradingView. This powerful tool calculates pivot points and determines Fibonacci retracement levels based on your position in the market. I explored every input, from lookback periods to toggling extra levels, to shifting and extending lines. We also delved into the use of two sets of Fibonacci levels to identify areas of confluence for more robust trading decisions. With vivid colors marking each retracement level and the flexibility to modify the lookback period, this indicator is a game-changer for pinpointing support, resistance, potential reversals, and continuations. Remember, the magic is in the details. Happy trading!
NASDAQ:QQQEducation
by StockJustice
1
WISH Continuation of Momentum LONGWISH had a great day to finish out this past trading week. On the 15-minute day, two highs are drawn as horizontal resistance using the high candles with the wicks as "tweezer tops" while the support is drawn as a green line at a pair of "tweezer bottoms" I see this as a bullish continuation play for next week. A stop loss is set below the support line at $8.30 with a buy order placed at $.05 above the current market. Targets are $.05 below each of the resistance lines with an approximate reward to risk of 15X. This is a volatile small cap with the typical high-risk and high-reward scenario. I will take call options at the strike $ 7.5 for expiration on 5/5 expecting a return on risk of at least 75% leveraging the expected return on a similar stock trade.
WLong
by AwesomeAvani
1
AUDJPY I Safer to wait for the short 🎯Welcome back! Let me know your thoughts in the comments! ** AUDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
Shiba Inu: AB=CD Bullish BAMM Continuation off the 200 Week SMAShib after an initial rally off the PCZ of the two Harmonics to the left has pulled back towards the 200 Week SMA and Briefly Consolidated this level also happens to align with the 1.618 and 0.786 Confluence zones. The MACD will see be crossing into the green and if it does we can see this atleast go for an AB=CD Continuation Move from here but i think it's likely it moves well beyond just the AB=CD move and atleast goes to the 2310 Area ust based on the structure and the Macro Logscale Gartley on the left.
COINBASE:SHIBUSDLong
by RizeSenpai
1
Anticipating CAD/JPY's Bearish Breakout: Technical AnalysisHey, fellow traders! I'm keeping a close eye on CAD/JPY as it looks bearish and could potentially head south. In my technical analysis, I've spotted a trendline and RSI divergence that could indicate slowing momentum, along with a sweet continuation pattern in the price action. If we break the key "support/resistance area," the pair could drop as low as 97.5. That's why I'm planning to wait for a pullback before taking any action in the market. But for those of you who are considering shorting CAD/JPY, keep an eye out for these signals as they could indicate a prime opportunity to make some profits. Overall, it's essential to stay vigilant and monitor the trends and indicators to make informed trading decisions. I hope this analysis helps you in your trading journey. Happy trading!
Short
by natron
NASDAQ Trading Alert: Technical Setup and NFP Impact AnalysisAs we approach the upcoming non-farm payroll (NFP) report this Friday, there is a setup on the NASDAQ that's worth noting. However, I won't be taking any trades at the moment due to the potential impact of the NFP report on the market. Nonetheless, I'll still provide some technical insights to keep you informed. It's worth keeping in mind that if the NFP beats expectations, this could potentially send the NASDAQ back to the downside. With that said, let's take a closer look at the technical side of things. Recently, the NASDAQ has broken a higher time frame trendline and created a continuation pattern. If we see clear price action and a reclamation of our "Key Zone," there may be an opportunity for more upside. However, it's essential to exercise caution as this is a risky setup. It's important to manage any trades carefully, especially given the potential market impact of the NFP report. By doing so, traders can mitigate potential losses and take advantage of any potential gains. So, good luck traders and stay vigilant! We hope this analysis helps you make informed decisions in your trading activities.
ULong
by natron
EURGBP - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart EURGBP is over bearish trading inside the falling channel in blue. So we will be looking for trend-following sell setups on lower timeframes. on M30: Right Chart 🏹 Trigger => for the bears to take over, we need a momentum candle close below the last swing low in gray. Meanwhile, until the sell is activated, EURGBP can still trade higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
16
ETH - Bullish Megaphone? 📣 Update!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last ETH analysis, we have mentioned that potential Bullish Megaphone pattern forming. According to the pattern, we are currently on leg #5 🏹 For the pattern to get activated, hence the bulls to remain in control, we need a daily candle close above 1720 In this case, further bullish movement would be expected. In parallel, we are still bearish from a medium-term perspective since we broke below the last major low in gray from H4. ETH approaches the blue support starting from 1550, we will be looking for new short-term buy setups. Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
37
NZDCAD 4H, Bullish Price ActionNZDCAD has been shaping up for the Impulse phase as we can see on the the HTF price had a strong push upwards now consolidating within a continuation structure. Looking at the LTF, we can see price approached the lower boundary of the HTF in a corrective structure with a strong impulse breakout followed by continuation structure to push price higher. I expect price to rise to upper boundary of HTF structure. Wait for an entry thst fits your trading plan. Thanks Trade Safe
Long
by ktlfx
📊 Chart Pattern CheatsheetChart patterns are visual representations of a stock's price movement over time. These patterns can provide traders with information about the stock's trend, momentum, and potential future direction. Continuation and reversal patterns are two types of chart patterns that traders use to identify potential entry points. When considering entry points for both continuation and reversal patterns, traders often use a combination of technical indicators and price action analysis. They may use tools such as moving averages, oscillators, and trendlines to confirm a pattern's validity and identify potential entry points. Additionally, traders may set stop-loss orders to manage risk and limit potential losses. 🔹 Continuation patterns Continuation patterns are chart patterns that suggest that the current trend will continue. They occur when the stock price consolidates in a certain range, showing a temporary pause in the trend. Some common continuation patterns include triangles, flags, and pennants. Traders may look to enter a long position when the stock price breaks out of the pattern, typically on higher than average trading volume. 🔹 Reversal patterns Reversal patterns, on the other hand, suggest that the current trend is likely to reverse. These patterns occur when the stock price has reached a high or low point and is likely to move in the opposite direction. Some common reversal patterns include head and shoulders, double tops and bottoms, and the "V" pattern. Traders may look to enter a short position when the stock price breaks below a support level or the neckline of a pattern. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
Demand zone and continuation In demand zone same thing. You do you watch any reversals happen. CPI 6.5% & inflation still at 6%. The buys continues and in demand zone should expect big buys and big sell off. Watch any reversals happens and it’s volatile so please becareful, and about 14960 or 15100 should expect a big sell off that’s when we should expect rate cuts & Feds pivot and be on the way the bottom during Q4 in 2023 and bull market be back in 2024. Good luck y’all and trade smart.
N
by JoyBoyVegae
2