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Fibonacci Retracement

Gold, strong support coming inHello everyone, after the election in the US Gold started a sharp pullback and lost 9% within 2 weeks. Now the price reached very strong support zones, built from former consolidations. These zones also match with order blocs on the weekly, 4H and 1H time frame (not shown on the chart). The RSI is highly oversold and the drop was the biggest one this year. All in all I think it's time for a correction at least. According to the Elliot wave theory we finished three waves down, the C wave was formed by a five wave move which is very common on five waves. If you are interested in the micro count, let me know in the comments. The orange area shows the potential resistance for the larger B wave. The green support zone should ideally hold to keep the bullish trend alive and the upper zone shows the fifth wave targets. The price could easily extend to 3000 dollar before a major correction should come.
FXOPEN:XAUUSDLong
by Kyrean
XRP go up!Hello everyone, let's look at the current situation of XRP considering the time frame of one week. As we can see, the price paid off the trend triangle with a dynamic upward move. Let's start by setting goals for the near future, which include: T1 = $0.84 T2 = $0.98 T3 = $1.17 T4= $1.41 Now let's move on to the stop-loss in case the market continues to decline: SL1= $0.69. SL2 = $0.54. SL3 = $0.43. SL4 = $0.28 Looking at the RSI indicator, we see that there is still room for price movement up.
by cryptodailyuk
GOLD → Correction ahead of PPI before falling to $2470FX:XAUUSD on the news continues its bearish rally. The price is breaking the structure of 2547. A false breakdown and counter-trend correction may form before PPI and Powell's speech... Demand for the dollar rises at the expense of gold. Trump-led euphoria continues to support the index despite relatively weak CPI data and the stance of Fed policymakers. In the medium term, the focus is on the next Fed rate meeting. The most likely scenario is a 0.25% rate cut. Bulls in gold are likely to have to reassess their medium-term targets as the dollar's rise caused by Trump's trade is outweighed despite the Fed's relatively dovish stance. For today, all eyes are on Powell's speech and PPI and jobless claims. Technically, gold is testing the important level of 2546 as part of a strong decline. A false breakdown and correction is possible. Resistance levels: 2577, 2589, 2595 Support levels: 2546, 2531, 2500 Before the news, a rebound to the imbalance zone or local resistance may be formed in the hope to win back the losing positions of those who have not yet managed to leave the market. I expect that after the correction the price will continue its decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
PLTR: Holding Above its Critical Support Line!Daily Chart (Left) Pullback Signal: There’s a potential pullback signal on the daily chart, indicated by the yestterday's bearish candle, and PLTR is trying to lose its low today. This could suggest that the price may retrace to lower levels before resuming its trend, however, it needs to lose its key short-term support level first, which we'll talk about soon. Fibonacci Retracement Levels: The chart includes Fibonacci levels, with 38.2%, 50%, and 61.8% retracement lines drawn as potential support zones for the pullback. These levels are likely areas where buyers may step in if the stock pulls back further. EMA Support: The 21-day EMA is positioned below the current price, acting as dynamic support. The stock remains above this EMA, indicating a bullish trend, although a pullback to the EMA could be possible. Hourly Chart (Right) Short-Term Support at $58.57: The hourly chart shows $58.57 as a significant short-term support level. Holding above this level is crucial for the stock to maintain its upward momentum in the short term. If PLTR loses it, then it'll possibly trigger a mid-term correction to its support levels described on the daily chart. Trading Implications: PLTR is experiencing a potential pullback after a strong rally. The $58.57 level on the hourly chart is a critical support to watch. If PLTR fails to hold above it, then the retraments will be our next stop, and then we'll see if PLTR will be a buy again or not. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
P
by Nathan_The_Finance_Hydra
2
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
24
GOLD → A change in structure and a change in trend. CPI ahead!FX:XAUUSD is turning around. The daily session closes below 2604 and the breakdown of the global structure confirms the bearish nature of the market. The fight for the key 2600 zone continues... Trump's tough policies could slow the Fed's easing cycle, the dollar would then continue to strengthen at the expense of gold... There is another Fed rate meeting in December and obviously the question is: either 0.25% or hold. All eyes are on the CPI, the data will determine whether the Fed will continue its rate cut trajectory after December. A downside surprise in CPI could reinforce dovish expectations for the Fed. Conversely, a stronger inflation report could trigger a change in the regulator's stance. Any reaction to the news could be short-lived as attention immediately shifts to Thursday, PPI and Powell's... Resistance levels: 2616, 2626, 2637 ! Key level: 2604 Support levels: 2590, 2569 The fight for 2604 continues, if the bears can keep the defense below this zone, we should expect a fall. But, there is a high probability of correction on the background of news volatility and retest of resistance 2626-2637 before the further fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
BTC is in the range of $85-90kAs you can see, BTC has made large upward movements in recent days, resulting in a move of approximately 35%, which broke the critical point around $84,600, reaching nearly $90,000. You can see how we are struggling to maintain this movement and the price itself is in the range of $85,000-$90,000. However, here you can see another resistance point at the level of $90,900, then very strong resistance may appear at the price of $94,400, and then the zone in the range of $98,400 to $99,760 will be important, which is a strong psychological barrier. In a situation where we see further price recovery, support is visible at the level of $84,580, then there is a support point at $81,235, then we have the level of $78,481, $75,727 and $71,784. You can see how the price is climbing along the upward trend line and looking at this line, we can expect an attempt to rebound towards this trend line.
by cryptodailyuk
1
NEIROETH → The coin is one step away from rallying ↑BINANCE:NEIROETHUSDT.P consolidates before a possible takeoff. The potential of the cryptocurrency market is beginning to unfold amid the excitement surrounding Trump's victory While bitcoin is hitting all-time highs, some altcoins are still considered extremely undervalued. NEIROETH is coming out of accumulation (triangle) but faces a strong liquidity zone. The coin continues to accumulate potential, but with a hint of resistance breakout. The key liquidity zone is 0.1150. Technically, the picture on the chart is shaping up to be extremely bullish: no renewal of lows, strong consolidations and strong support levels. Resistance levels: 0.1150, 0.1400 Support levels: 0.0923, 0.067 I do not exclude the possibility of support retest and formation of a false breakdown before further growth. But in any case, a break of the key liquidity zone at 0.115 may trigger a rally. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROETHUSDT.P ;) Regards R. Linda!
Long
by RLinda
3
Gold Intraday Tues.12NOV.24: Price struggling to bounce on 1HRThe Gold price downward move is taking a breather. But I see that a recent 1HR bounce on the RSI did not gain any momentum from the bulls. The 4HR chart is also stalling re the same. 2 charts from 1 link are enclosed and attached. So any significant move up by Gold on the 4HR chart (left) I would be watching the 200EMA which coincides with an important Fib level to see if price gets rejected, which I would expect to occur. But I don't think price will bounce that far up. In other words, a further move down is more likely. We see on the Daily chart that price is now just under the 50EMA, so Gold-bears are moving on this, but we have an even greater bearish view of Gold once price moves under the 200EMA, which is really not that far down from current price (right of screen). Thanks for reading. Monitor closely any Short-trading in Gold with stop losses, as sentiment can quickly change bullish, especially on economic news generally at the start of the NY session, but also remember that Bitcoin is not the only one in a bull-market, the same can be said that Gold continues in a Bull-market-run and what we are witnessing is a healthy correction, where price temporarily falls, for example from 2 days to 2 months. This is why price can easily bust to the upside again 'at the drop of a hat', because that is the path of least resistance.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
JM Financial: 6-Year Breakout with Huge Weekly Volume!🚀 JM Financial: 6-Year Breakout with Huge Weekly Volume! 🚀 Current Market Price: 119 Stop Loss: 85 Target: 170 JM Financial has achieved a major breakout after 6 years, with substantial weekly volume. The stock recently completed a box breakout above 112 and is now standing above the key neckline at 118, which it broke in September 2018 due to a head and shoulder pattern breakdown. 📈 Strategy: Consider pyramiding as the stock crosses 129 for potential gains. 📉 Risk Management: Use a stop loss at 85 to manage risk effectively. 📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead! #MarketAnalysis #JMFinancial #TechnicalAnalysis #Breakout #InvestmentOpportunities #StockMarket
NSE:JMFINANCILLong
by satyam15
1
GOLD → Buyers stop believing in gold ... Are the bears coming? FX:XAUUSD after Powell's support reaches a local high of 2710, but buyers do not let the price near the risk zone. The price is returning to the correction phase and preparing to update the local lows The correction started after the strengthening of interest in the dollar, which is growing at the expense of gold because of Trump's victory. The excitement has not subsided yet, it may continue for a few weeks. The 0.25% cut in interest rates was slightly taken into account by the market, but still supported the metal, but short-term. The market is also disappointed with China, especially with the actions of the authorities towards the country's economy. In general, the fundamental background is negative and it is worth considering this information in your trading. Ahead of the US CPI, which will be published on Wednesday. Technically, the price is turning around and intends to test the liquidity zones located at the bottom... Resistance levels: 2680, 2685, 2700 Support levels: 2665, 2652, 2637 Emphasis on 2665. A pre-breakdown consolidation is forming. If the price breaks this support, selling may intensify. I do not exclude one more attempt to retest the resistance, for example 2680-2685 before further falling. In general, both fundamentally and technically, the market feels the priority towards the bears... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
AU Small Finance Bank - Technical Analysis Update and Key LevelsChart Overview: The price action for AU Small Finance Bank shows it has been moving within a rising channel for the past few years, currently testing key support levels. The bank recently saw a price downgrade from Nomura, which adjusted the target price to ₹670, retaining a neutral rating. This adjustment reflects some cautious sentiment among analysts. Key Levels and Fibonacci Retracement: Channel Support - The stock is currently near the lower boundary of the long-term rising channel, a crucial area where it previously found support. Fibonacci Levels - The stock has pulled back to the 61.8% Fibonacci retracement level around ₹565.65 from its recent highs, which often acts as a strong support level in technical setups. A further breakdown could push it towards the 50% retracement at ₹492.40, a potential next support. Resistance - On the upside, resistance lies around the upper channel boundary and recent highs near ₹670-₹700, which aligns with Nomura’s target. MACD Indicator: The MACD currently shows a weakening momentum on the weekly chart, hinting at possible bearish pressure. A recovery in MACD or a bullish crossover could indicate a return to upward momentum. RSI Analysis: The RSI is approaching the oversold region. A bounce from this area might signal potential for reversal if accompanied by strong buying volume. Conclusion: AU Small Finance Bank is at a critical support level within a broader uptrend channel. Holding above ₹565-₹570 could lead to a rebound towards the upper end of the channel, with ₹670-₹700 as potential targets. However, if the price fails to hold, watch for the ₹492 level for possible support. The current technical setup suggests caution, especially with Nomura's neutral outlook.
NSE:AUBANK
by AngshumanSaikia
USDCHF → Realization and distribution phase. Target 0.900FX:USDCHF comes out of accumulation and changes the market phase to realization phase. On the background of the dollar growth, the reason for which is mainly the excitement about the presidential election in the U.S., the currency pair also has a potential for growth On D1, buyers are forming a bottom and a strong reversal base, indicating the potential and further interests. The zones of interest, in our case, can serve as areas of local highs, behind which there is a liquidity zone and money, to which the MM is directed.... Technically, in the European session the price is breaking the resistance of local accumulation. The emphasis is on 0.8774. If the bulls hold the defense above this zone, we should expect a continuation of growth in the short to medium term. Resistance levels: 0.887, 0.892 Support levels: 0.8774, 0.8748, 0.871 Accordingly, the key support at the moment is 0.8774 and it is from it we expect the continuation of growth. Formation of a false breakout is not excluded. In this case, after correction to the local 0.8748, the growth may continue Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCHF ;) Regards R. Linda!
Long
by RLinda
13
LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95. Key Observations: Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼 Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧 Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈 Technical Indicators: MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢 Target Levels: 🎯 First Target: ₹2,942.15 🎯 Second Target: ₹3,005.10 🚀 Extended Target (if resistance is broken): Around ₹3,100.00 Risk Management: Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️ Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉 Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️ #Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
NSE:M&MLong
by finogent
Alikze »» FLOKI | Upward wave 5 scenario🔍 Technical analysis: Ascending wave 5 scenario - Ascending triangle corner pattern - In the 1W timeframe, a zigzag correction was preceded by an inability to break through the supply zone. - Zigzag modification has formed an ascending angle triangle pattern. - According to the bullish structure and behavior, it can have another bullish cycle. - Currently, it has left the corner of the ascending triangle and has faced selling pressure in the supply area. - Therefore, it can break the supply zone after the pullback to the broken structure and move to the next supply zone. - This rising log can be wave 5 and the last wave of the rise, which can rise at least as much as the previous wave (wave 3). Or to be able to grow as much as the previous log. 💎Therefore, according to the size of the previous log, which has grown by more than a thousand percent, this log can grow by almost 1000 percent from the floor before the growth modification. ⚠️ Note: If the bottom is touched before, the zigzag correction will be complicated and the analysis will be invalid and need to be re-checked. ⚠️ »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FLOKIUSDT
Long
by alikze
2
Weekly S&P ProyectionSince the market did not correct as expected, this opens up the possibility for a new period of euphoria. As show in the graph this has happened before from the year 2020 to 2022. Price is typically considered to not follow a normal distribution, therefore using one to estimate if price is over extended has its flaws. This is because the true distribution of a security is a multinomial distribution, where price can either go up, down or stay equal. The reason price behaves in such an odd manner is because price, has 2 unknown probabilities. Such probabilities can be calculated for the past, but not for the future. These are the probability of a price increase, and the probability of price staying the same, consequently the probability of price decreasing will be 1 minus the sum of the two previous probabilities. The value of such probabilities also fluctuates, and is determined by the market. When a market becomes overexcited, the probability of price increasing is closer to 1 than it's other counter probabilities. When this happens, a normal model no longer becomes suitable for estimating the limits of the distribution. If one has a multinomial distribution, thought of as a graph with nodes in a shape of a 3D tree, where each node has a relationship with 3 subsequent nodes. Where each relationship carries one of the probabilities mentioned before (with no repetitions). Starting with 1 initial node, then 4 then 16 … previous+previous*3n. One is able to create a mental map of true, the price action distribution. From these, one could calculate new limits, by using bootstrapping. However, since the computational power of such algorithm is complex, we can use the mean returns indicator to evaluate the trend and see that currently the trend is positive. This would mean that the probability of increasing is most likely also closer to one. If the mean returns were at 0 then the probability of price staying the same would be closer to one, and if it's below zero the same is true for a downtrend. Currently, the trend is positive, and not close to the theoretical limits of price action. This means that the probability of seeing a skewed distribution in the future are relatively high. However, if you still use a normal distribution to estimate the limits, then price is due for a correction. Only time will tell, as over excitement can move markets past their technical limits, and that is something that will always be a flaw in any technical approach to model price action.
CME_MINI:ES1!Long
by DarkMessiah777
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
46
Will ETH repeat BTC's strong upward move?ETH in a key place, currently fighting with strong resistance at the level of $3,247, this is a key place before the upward movement to around $3,561, which is the last place before the movement towards a very strong resistance zone from $3,948 to $4,102, which is a key place before the establishment of the new ATH. Looking the other way, there is currently a strong upward movement, which may give a moment of relief and here there is support at $2,816, then there is strong support at $2,546, and then the price could go back even to around $2,117, which in the current situation is an unlikely move at this point.
Long
by cryptodailyuk
Bitcoin - If you buy, you can get REKT in 2025! (Insider Info)Bitcoin is forming a historical bearish divergence on the weekly chart. As we can see, the price is making higher highs, while the RSI indicator is making lower highs. Historically, Bitcoin reacts to the divergence very successfully, and a lot of traders use it as a main indicator. Bitcoin can fall to 38k - 44k, so if you buy now, you can experience a massive loss if you are going against the RSI divergence. Best to open a short position, stop loss 81k. This bullish flag looks like a trap for retail traders. Intelligence people know that Bitcoin can have an infinite supply. It's nothing more than a computer program, and it can be modified. And they will give you good reasons to increase Bitcoin supply in the future, such as World War 3. And sheep will say yes, let's print more Bitcoin to end the war. Once Bitcoin becomes the world's digital currency, controlled by the FED as they plan to do so, you will hate Bitcoin. In a previous article, I said that crypto technology is not new and nothing special. This technology was brought to earth by alien entities. Crypto technology is already used on thousands of different planets in the galaxy. In fact, crypto is another version of the fiat money printing system. You probably heard about Greys, Reptilians, and Draconians. When you look at them, you will notice their ugly appearance. Nature hates them; that's why they are very ugly. Their intelligence is extremely low compared to humans, and they take instructions mostly from the AI. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
220
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H - According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area. - It is moving in an ascending channel in the 8-hour timeframe. - The 2062 range of wave B correction is over. - After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued. - A double top has been created in the area of the channel roof, which has entered a correction phase after that. - The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range. After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves. - In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction. 💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range. 💎Therefore, the second step of the movement can have the goals of 3200 to 3500. ⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️ »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« KUCOIN:ETHUSDT
Long
by alikze