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Fibonacci

Salesforce (CRM): Decision Point ApproachingNYSE:CRM has risen higher than anticipated, but we are still holding on to our bearish scenario. Initially, we expected another leg down following the wick that we identified as wave ((a)), but the stock surprised us by pushing to a higher high, surpassing the levels of wave 1 and wave B at $348.86. This move invalidated our first bearish scenario, activating our secondary outlook of a flat correction where wave ((b)) exceeds wave 1, which aligns with the current structure. From here, our outlook is straightforward: if our bearish scenario holds, NYSE:CRM should drop below the wave ((a)) level, which is yet to be determined. However, if the stock rises above $360 and sustains trading at that level, the bearish outlook will be invalidated, requiring a complete re-charting of $CRM. A decision point is approaching, and we will monitor the stock closely for further developments.
NYSE:CRM
by freeguy_by_wmc
Zscaler (ZS): Liquidity Below $154—A Drop Imminent?Zscaler is becoming interesting again, not only due to its earnings call yesterday but also because it has formed a strong sell-side liquidity below $154. After a period of sideways movement, we anticipate a sell-off to take out the liquidity below, most likely wicking into the $151-$122 area. If this plays out, it should conclude the wave C and wave (2). We did not believe the earnings report will have a decisive impact, but it still could provide one last push into the $220-$237 range before the expected drop to wave (2). At this point, we are not placing any limit orders but have set alerts to monitor the development of this scenario closely.
NASDAQ:ZSLong
by freeguy_by_wmc
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.65000 to 0.65030, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.65000 and 0.65030 serving as a low-risk sell. Bearish Targets📉: 0.64950: Possible retracement area. 0.64900: Possible retracement area. 0.64850: Possible retracement area. 0.64800: Possible retracement area. 0.64700: Possible retracement area. 0.64750: Significant demand zone. 0.64600: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
Soybean Oil - Unveiling Insights Beyond the Common PerspectiveAnalyzing Soybean Oil CBOT:ZL1! on a monthly chart, my focus is on WisdomTree Soybean Oil LSE:SOYO on the LSE. Here's the rundown: Bullish Surge: Prices skyrocketed by 281% from 2020 to 2022! Pullback: A retracement to the 61.8% Fibonacci level occurred from 2022-2024. Pattern Alert: Spotted a classic Head and Shoulders, key for forecasting. Despite the crowd's bearish interpretation of the H&S pattern, I'm not betting against this market. I'm a bull right now in this long-term bullish trend. That said, I'm not predicting an eternal rise. While I'm optimistic, managing risk is paramount. Always room for error, but I'm ready to take the bull by the horns.
LSE:SOYOLong
by VineyardWave
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 190.100 to 190.175, respectively, is highlighted. Things I Have Seen👀: Important Support Zone🟢: Identified between 190.100 and 190.175 serving as a low-risk sell. Bearish Targets📉: 189.750: Possible retracement area. 189.500: Possible retracement area. 189.250: Possible retracement area. 189.000: Possible retracement area. 188.500: Possible retracement area. 188.300: Significant supply zone. 188.090: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
Next, how to grasp gold trading and make money!Bros, today I shorted gold near 2650 according to the trading plan. Although gold once rose to around 2655 during the period, as gold fell sharply to around 2635 in the short term, it was obvious that our short position was closed by hitting TP: 2637. In this short transaction, I made a profit of more than $6K, which is a good trading result. From the current gold structure, gold closed above 2630 many times during the decline. It can be clearly seen that a certain amount of buying support has accumulated in the 2635-2630 area; but in the absence of rebound strength, if gold cannot effectively break through the 2655-2665 area, gold is still in a relatively weak position. Therefore, in terms of short-term trading, if gold cannot break through the 2655-2665 area, we can still continue to short gold based on this resistance area; but what we must be careful about when executing transactions is that once gold strongly breaks through the 2655-2665 resistance area, Gold may also continue to rebound to the 2670-2680 area. Bros, do you know how to correctly grasp the rhythm of gold trading? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Arbitrum ARB price is preparing to come out of the down trend?Another “promising” airdrop token that has been distributed for billions - #Arbitrum On 16/09 will another #ARB unlock - 92.65 million or +2.65% to the total coin circulation. The breakout of the blue trend line should take place on large volumes, only then can we look towards buying OKX:ARBUSDT The medium-term target is $0.72-0.82 The long-term target is around $1, and it's hard to dream of more. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Himatsingka Seide Ltd: Ready for a Turnaround?🚀 Himatsingka Seide Ltd: Ready for a Turnaround? 🚀 Current Market Price: 193 Stop Loss: 175 Targets: 215, 255, 288, 306 Why Himatsingka Seide? Rounding Bottom Breakout: A technical setup indicating potential for significant upside. Institutional Confidence: Noticeable increase in FII and DII holdings in the last quarter signals strong interest. Strategy: Follow Risk Management: Stick to the stop loss at 175. Pyramiding Opportunity: Add positions gradually as the stock moves up. Key Level: Sustained movement above 306 could open doors for a bigger rally. 📈 Outlook: With the right risk management, Himatsingka Seide Ltd could be poised for an exciting turnaround. 📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. #HimatsingkaSeide #TurnaroundStock #TechnicalBreakout #InvestmentOpportunities #MarketAnalysis
NSE:HIMATSEIDELong
by satyam15
FANTOM BULLISH-POTENTIAL 6.39RRFantom (FTM): A Bullish Opportunity with Controlled Risk BINANCE:FTMUSDT The current price action of Fantom presents an attractive setup for taking calculated risks. Here are the key bullish arguments supporting this perspective: Previous Monthly Low (PML - November): Disrespected, signaling strength. Previous Monthly High (PMH): Disrespected, further affirming bullish momentum. Monthly Bullish Fair Value Gap (FVG): Holding so far; confirmation expected by early Sunday morning. Previous Weekly High (PWH): Disrespected. Previous Weekly Low (PWL): Disrespected. Daily Bullish FVG: Being respected, showing demand at this level. 4H Swing High: Disrespected. 4H Swing Low: Disrespected. Bearish Arguments: Previous Daily High (PDH): Respected, a minor resistance to watch. Previous Daily Low (PDL): Respected. Trade Management: Stop Loss (SL): $0.84–$0.82 Take Profit (TP): $1.90–$1.88 Entry Zone: $0.9951–$0.9683 Risk-to-Reward Ratio (RR): 6.39 I am using Quantfury to manage this trade, a platform I find effective for precise execution. Final Thoughts: The market appears poised for further upside, but stay disciplined and avoid being influenced by noise. The next five months are crucial for crypto, requiring full focus and adherence to your own strategies. Remember, every lesson comes from experience, not just from external opinions. Stay patient, trade smart, and blessings to all!
Long
by Jaytradermb
AAPL near top around $243, pullback to $234MODs 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 at or near top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiking positive Price at or near 2.618 Fibonacci level Buying puts or NASDAQ:AAPD when price reaches or exceeds $242 NASDAQ:AAPL downside target would be $234 or channel bottom
NASDAQ:AAPLShort
by chancethepug
2
ADA/USD:Profitable Buy and Sell Strategies with Key ConfirmationAlexGoldHunter BINANCE:ADAUSD Current Market Overview: Price Movement: Cardano is currently trading at 1.185 USD. Bollinger Bands: The price is moving within the Bollinger Bands, indicating medium volatility. Volume: The trading volume is relatively stable at 133.31K. Relative Strength Index (RSI): RSI is at 26.94, which is in the oversold territory suggesting a potential buying opportunity. MACD: MACD is slightly positive at 0.020 with a signal line at -0.015, indicating possible upward momentum. Stochastic RSI: It shows values of 55.69 and 44.50, suggesting that it is neither overbought nor oversold. Buy Strategy: Confirmation for Entry: RSI Oversold: An RSI below 30 suggests that ADA is oversold. Currently, RSI is at 26.94. MACD Crossover: Look for a bullish crossover where the MACD line crosses above the signal line. Support Level: The 1.161 USD level appears to be a significant support level. If the price holds above this, it could be a good entry point. Strategy: Entry Point: Consider entering a buy position if ADA remains above 1.161 USD and if the RSI stays below 30 while the MACD shows a bullish crossover. Stop Loss: Set a stop loss below the support level at around 1.150 USD to minimize potential losses. Target: Look for a price target near the next resistance level at 1.245 USD, providing a favorable risk-reward ratio. Sell Strategy: Confirmation for Exit: RSI Overbought: An RSI above 70 suggests that ADA might be overbought. MACD Divergence: Look for bearish divergence where the MACD line falls below the signal line. Resistance Level: The 1.245 USD level appears to be a significant resistance level. If the price struggles to break this level, it could signal a good selling opportunity. Strategy: Entry Point: Consider entering a sell position if ADA reaches the resistance level at 1.245 USD and the RSI is above 70 while the MACD shows a bearish divergence. Stop Loss: Set a stop loss above the resistance level at around 1.260 USD to minimize potential losses. Target: Look for a price target near the next support level at 1.187 USD. Summary: Buy Signal: At 1.161 USD with RSI below 30 and MACD bullish crossover. Sell Signal: At 1.245 USD with RSI above 70 and MACD bearish divergence. By considering these technical indicators and key price levels, you can form a more informed trading strategy. Remember to adjust your risk management parameters according to your risk tolerance.
BINANCE:ADAUSD
by Alexgoldhunter
3
GOLD → Consolidation. One step away from distribution...FX:XAUUSD is faltering a bit due to high risks before the news. In the moment a strong impulse can be formed. The price is consolidating in the local range. Earlier, the price broke the local upward support.... Traders are consolidating in anticipation of economic data. Volatility is decreasing, speculators are not ready to take risks yet, all attention is focused on PMI, Powell's speech on Thursday and NFP on Friday... A rebound in US dollar demand early Tuesday kept gold buyers on the back foot. China's ongoing economic problems and the threat of global tariffs from Trump, geopolitical tensions in eastern Europe and escalating conflict in the Middle East continue to weigh on investor sentiment. The future direction of the gold price is likely to depend on upcoming employment data and its impact on expectations of a Fed rate cut Resistance levels: 2660, 2655 Support levels: 2634, 2618, 2605 Since there is no even direction on the market and the price is inside the channel, we will consider trading from its borders. Therefore, a false break of the key resistance may provoke a fall to the support of the range. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
18