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Fibonacci

Again in Buy Area offloaded chunkAfter successfully completing the AB=CD pattern, the stock is now entering a potential buy zone. Why Buy Range? It's based on Fibonacci retracements: 38.2% of the long wick and 61.8% of the short-term move (CD, which was clone of AB). However, I'll also be happy if it comes down in my 1st buying area which i already offloaded :-) Note: I'm still learning, so if you have any suggestions for improvement, Please let me know, I’d appreciate your feedback. Thank you! #GTYR #PTL
PSX:GTYR
by PSX_Learner
PROYECCIÓN 09/12/2024On Sunday night, the price had a strong and clean reaction at my 0.618 Fibonacci level, which initiated a bullish structure. This was followed by a pullback to the 0.5 Fibonacci level. Based on this, I identified two key levels in the morning for potential trades, which I marked in red: the high and low of the last one-hour candle. A few minutes later, the price broke above the upper level, prompting me to enter a buy position with a risk-to-reward target of approximately 1:3. The trade ended up being a winner within minutes. I’m a trader with around 8 months of experience, and I’ve decided to start sharing my trades to expand my knowledge and receive constructive feedback. Over time, I aim to improve both the format and the professionalism of my posts.
Long
by GuillermoJA
1
#WIF - Next leg up loading -> Min 40% Are you ready for the next leg up for BINANCE:WIFUSDT ? Price is now inside the massive bullish swing retrace: 1. Just hit 0.618 retrace 2. Is forming a huge 4h hidden bullish divergence on both RSI and Stochastic RSI (continuation pattern for beginners) 3. There is plenty of liquidity above those juicy high wicks Pack your bags now, you don't want to miss this one, it's close to 50% to break the nearest high! Follow for more ideas and drop me a comment with what other charts you want to see!
Long
by tamastery
TradeCityPro | CFXUSDT Analysis: Don’t Fear the Red Candles!👋 Welcome to TradeCityPro Channel! Let’s dive into the first day of the week where we’ve seen red candles and minor corrections. This is a good time to review our coins and prepare our triggers. 🌍 Market Overview Before analyzing CFX, let’s take a quick look at Bitcoin. It faced a strong rejection at 100,400 and printed a significant red candle. But what should we do in such cases? For now, nothing. The trend remains bullish, and Bitcoin dominance is also correcting. If Bitcoin’s dominance continues to drop and forms a lower high on the daily timeframe while the market remains bullish, keep an eye on the charts for potential altcoin entries. This scenario could signal the start of a bull run. 🕒 Weekly Time Frame CFX stands out as an older coin with prior bull-run experience. It’s trading above last year’s lows and hasn’t experienced steep declines. Yesterday, we analyzed this coin briefly, but today, we’ll go into more detail. Unlike most altcoins that began their bullish moves from their lowest levels, CFX has already started its upward trajectory from 0.1219. Fibonacci analysis shows that 0.1219 aligns with the 50% retracement level—a significant support both in Fibonacci terms and Dow Theory. After forming a range around this level and breaking the 0.1810 trigger, the coin moved toward its first target at 0.2596. For further targets, use Fibonacci extensions from the same 0.5 range. Once 0.5171 is broken, potential targets include 0.7385, 1.21, and 2.26. If you entered at 0.181, holding your position is advised. For re-entry, consider buying after the 0.2596 breakout with a stop-loss at 0.1219. RSI confirmation above 76.18 would also validate the entry. 📊 Daily Time Frame On the daily chart, CFX was in a ranging box, forming higher lows. A breakout above 0.1851 was accompanied by a strong entry candle with buyer momentum, an RSI entry signal, and volume confirmation. Stop-loss was set at the daily low of 0.14. If you followed this trigger, you’re likely in profit despite the current red daily candle. This correction is healthy, as an uptrend without pullbacks or red candles is often unsustainable. For re-entry, consider buying after the 0.2596 breakout with a stop-loss at 0.14. Alternatively, a pullback to 0.1851 with confirmation from a bullish candle could also provide a good entry point. 🕒 4-Hour Time Frame Let’s discuss how you could have entered positions earlier. After the 0.1905 breakout, a bullish engulfing candle (covering the prior two candles) marked the entry trigger. The stop-loss was set below the previous low, ensuring a secure long position with a good risk-reward ratio. But would you really use a 14% stop-loss in futures trading? Yes, in volatile conditions like this, a larger stop-loss ensures safety and increases win rates. It’s better to risk 1% with higher win rates than repeatedly hit small stop-losses, which could harm your trading psychology. 📈 Long Position Trigger wait for the 0.2596 breakout or RSI returning to its range, coupled with momentum confirmation in lower timeframes. In bullish markets, an RSI recovery from oversold levels and breaking above 30 can also serve as an early long trigger. 📉 Short Position Trigger For shorts, I still advise against them. For example, shorting the 0.2412 breakdown with a stop-loss at 0.2596 would’ve only offered a 1:1 risk-reward ratio, going against the primary trend. 💡 BTC Pair Insight Against Bitcoin, CFX has held its 0.00000164 support and found strength. After breaking the 0.00000294 trigger, the coin is expected to deliver its main moves in the USDT pair. If the market remains bullish, CFX could showcase significant upward momentum. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
GOLD TO CONTINUE IN BEARISH CYCLE Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools). I have slightly adjusted key level's after spending some more time utilising MTFA, the key levels are clearer now, i have also left to Fib tool on my charts to purposely show you the targets i expect gold to reach. These are major levels, other traders will also be trading to these targets influencing the market in the direction we need it to go as a short seller. Key levels: Entry: $2,646 SL: $2,680 (just above recent key level to act as a barrier) 1st TP: $2,535 2nd TP: &2,470 Profits would be locked in along the way, using the TP's i have just listed out. I would also bee inclined to move stop to entry at $2,600 to remove risk all together, at this point i would be convinced enough of a complete cycle change into a complete bear market.
CAPITALCOM:GOLDShort
by h77nry
AMZN pullback to $201 (buying AMZD)MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price above or at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at near overbought level VBSM is turning spiked positive Price at or near Fibonacci level Target is $201 or channel bottom Buying NASDAQ:AMZD
NASDAQ:AMZNShort
by chancethepug
Last Leg XAUOverall uptrend still needs a leg to complete its wave. Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis. Last leg is to form the head and shoulders, synonym of long term tops. I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding. Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag. Let's see
EIGHTCAP:XAUUSDLong
by Osmanomics
#BTC - Is the bull run over?Is the bull run over for #BTC? As I mentioned in my last post, I don't think BTC is ready for a more ample correction, only once we reach the extended zone of 105-108k There are multiple confluences that sustain this hypothesis: 1. On the Pitchfork price touched the 1.618 low and rejected 2. All the liquidity was taken from 90-91k 3. There is now more and more liquidity forming above 104k, as people believe that the huge wick sweep signalled a change of character (reversal) 4. Looking at the Fibonacci time levels, we see multiple pivots in the past that were almost perfectly on the time levels, the next one being tomorrow Even if price keeps correcting a bit lower to 93-96k, don't be fooled and sell early, because the next sweep of highs will be very impulsive, close to inflation news.
by tamastery
2
ETH All Time High is NOT YET IN A fractal, a Fibonacci pattern, and Crypto logic tells me that the Ethereum all time high is still coming. This could take some time - but the month of December seems likely as this is a period of euphoria around the world, and BTC is notoriously bullish over Decembers. Ultimately, it all depend son how long BTC can hold and trade range - This is when altcoins continue to rally. What we need to monitor closely now, is the BTC market cap (to watch the liquidity) and the Bitcoin Dominance Chart. A hard drop in BTC.D signifies the "beginning of the end" for the BTC bull cycle, but also the last impulse of Altseason. More on that HERE: ________________________ BINANCE:BTCUSDT BINANCE:ETHUSDT
Long
by CryptoCheck-
BTCUSD: Systematic PatternsThis analysis highlights the recurring fractal patterns observed within Bitcoin's price progression, specifically focusing on the rhythmic swings that form during bullish trends. Regularities: When the price starts to curve sideways forming rounded tops instead of continuing its aggressive upward trend, it suggests a weakening of bullish momentum. These rounded patterns reflect the exhaustion of buyers at higher price levels and increased resistance, which creates a setup for potential bearish moves. It aligns with typical market behavior, where overextended moves are followed by consolidation or pullbacks. This transition can lead to a correction, not necessarily a full bearish reversal. However, the extent of the correction depends on broader market dynamics, such as support levels, volume, and overall trend context. This distinction is important because while these patterns can signal a shift in momentum, they don't guarantee a reversal into a sustained downtrend. Instead, they serve as a warning to be cautious of potential downside risk or a pause in the prevailing trend. The distortion of composite fractals in these structures is fascinating because it reflects the interplay between market participants. To analyze further the probable transitions we need some regularity that recognizes those patterns as a part of larger system. For example, a larger curve that maps point of the beginning of this super-cycle with significant highs, would be a great scalable reference, hinting the limits of ongoing "function" to support hierarchy of structures. Closest pattern relative to current rhythmic swings within the progression suggests a continuation of bullish dominance: ❗️Systematic fractals to counter the scenario above:
INDEX:BTCUSD
by fract
2
Gold Trading Secrets: Expert AnalysisAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategies for Gold (XAU/USD) Chart Analysis Price Levels and Candlesticks: Current Price: 2,633.24 USD Open: 2,631.51 USD High: 2,645.63 USD Low: 2,613.61 USD Close: 2,633.24 USD Support and Resistance Levels: Swing High: 2,656.84 USD Swing Low: 2,609.53 USD Previous Day High (pD High): 2,645.63 USD Previous Day Low (pD Low): 2,613.61 USD Key Support Level: 2,580.28 USD Key Resistance Level: 2,733.41 USD Moving Averages: Red Line (50-day MA): Around 2,580.28 USD Blue Line (200-day MA): Around 2,503.15 USD Volume: Notable increase in volume towards the end of the chart, suggesting higher trading interest. Annotations: BoS (Break of Structure): Indicates a significant price movement breaking a previous structure. MSS (Market Structure Shift): Indicates a change in the market trend. Equal Highs: Indicates a resistance level where the price has tested multiple times without breaking through. Buy Strategy with Confirmations Entry Point: Look for a breakout above the Swing High at 2,656.84 USD with strong volume confirmation. Alternatively, consider buying near the support level at 2,580.28 USD if the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer). Confirmation: Ensure the breakout is accompanied by higher-than-average volume. Confirm with technical indicators such as RSI crossing above 50 or MACD showing a bullish crossover. Stop Loss: Place a stop loss below the recent swing low at 2,609.53 USD for a breakout trade. For a support level trade, place a stop loss below the key support at 2,580.28 USD. Take Profit: Set initial take profit at the next resistance level around 2,733.41 USD. Consider trailing the stop loss to lock in profits as the price moves in your favor. Sell Strategy with Confirmations Entry Point: Look for a breakdown below the support level at 2,580.28 USD with strong volume confirmation. Alternatively, consider selling near the resistance level at 2,733.41 USD if the price shows a bearish reversal pattern (e.g., bearish engulfing, shooting star). Confirmation: Ensure the breakdown is accompanied by higher-than-average volume. Confirm with technical indicators such as RSI crossing below 50 or MACD showing a bearish crossover. Stop Loss: Place a stop loss above the recent swing high at 2,656.84 USD for a breakdown trade. For a resistance level trade, place a stop loss above the key resistance at 2,733.41 USD. Take Profit: Set initial take profit at the next support level around 2,503.15 USD. Consider trailing the stop loss to lock in profits as the price moves in your favor. This analysis provides a comprehensive view of the chart and outlines potential buy and sell strategies with confirmations. If you need further assistance or have any other requests, just let me know! 😊
FXOPEN:XAUUSD
by Alexgoldhunter
UNH Bounce - Don't Miss Out On This 15% OpportunityNYSE:UNH dropped after the tragic death of UnitedHealthcare CEO (not UNH Group CEO) as well as public backlash. Nevertheless, as always in such situation, this has nothing to do with the stock itself. As price action traders we do not trade political or news events since those drops have an unimportant impact mid- to long-term. UNH now sits on the support zone at around $550 which was previous resistance. We also filled the daily gap at around $568 completely. We touched the 0.236 Fib from the $273 bottom (from 2020) and the RSI is nearly oversold on the daily. This gives us a got chance for a bounce from this zone up to $600 - $620. Support Levels: $550 $528 Target/Resistance Levels: $600 $622-628
NYSE:UNHLong
by LGNDRY-Capital
1
DXY: Watch the Key Level for the Next Bullish Leg HigherWelcome back! Let me know your thoughts in the comments! ** DXY Analysis ! 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! Welcome back! Let me know your thoughts in the comments!
TVC:DXYLong
by OGT_Forex
XLM- SECOND TRY- BULLISH PENNANTThe previous trade hit the SL, and since then, we've been waiting for a solid opportunity. This idea seems promising. However, keep the SL tight and aim for the sky with your TP. The probabilities have shifted to 50% bullish and 50% bearish, but remember, we're in a bull market. A bullish pennant is forming, presenting a potential breakout setup. Stay disciplined, control your greed, and may the odds be ever in your favor. Best of luck, God bless all of you traders!
CRYPTO:XLMUSDLong
by Jaytradermb
5
SBI Life Insurance Co. Ltd. - Technical Analysis UpdateSupport and Resistance Zones: 1.Key Support Zone: ₹1,385-₹1,463 This zone aligns with the Fibonacci 0.236 retracement level and the recent reversal point, making it a strong support. 2.Immediate Resistance Levels: ₹1,555 (Fibonacci 0.382 retracement). ₹1,630 (Fibonacci 0.5 retracement). ₹1,705 (Fibonacci 0.618 retracement), a crucial level to watch. 3.Fibonacci Retracement Levels: The stock has retraced sharply from its high of ₹1,943 and is showing signs of reversal near the 0.236 Fibonacci level. A breakout above ₹1,500 could confirm bullish momentum toward higher Fibonacci levels. 4.Volume Analysis: Volume appears to be increasing near the support zone, indicating buying interest from market participants. The Volume Profile indicates strong accumulation between ₹1,400-₹1,500. 5.Moving Averages: The stock is attempting to reclaim the 20-day EMA as a dynamic support. A crossover above the 50-day EMA could signal further bullish strength. 6.RSI (Relative Strength Index): RSI is recovering from oversold levels, indicating a possible trend reversal. A move above 50 would strengthen the bullish case. 7.Projection: If the stock sustains above ₹1,463, it could aim for ₹1,555 in the short term and ₹1,705 in the medium term. A break below ₹1,385 would invalidate this view and could lead to further downside. Conclusion: SBI Life Insurance is poised for a potential bounce-back. Traders can consider entries near the ₹1,450-₹1,470 range, targeting ₹1,555 and ₹1,705 with appropriate stop losses below ₹1,385.
NSE:SBILIFELong
by AngshumanSaikia
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia