US30: Sell if this happensWe are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone.
You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility.
The trade I currently have marked takes a sell at the .786 and has the stop loss extending 150 pips just past the swing high. The 1st target is at the swing low at around 400 pips for a 1:3 Risk to reward ratio.
I'm come to the sell bias using the same methods described in previous posts. With confluence on the lower timeframes I gain confidence in the area. Enough confidence to assume the risk my system has established.
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Fibonnacci
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.208
T2 = $0.237
T3 = $0.279
T4 = $0.335
and
T5 = $0.488
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.192
SL2 = $0.163
and
SL3 = $0.103
Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
Bullish Bat Pattern With Fib Clusters We see a completed bullish bat pattern on 30 min time frame. With 4hr fib clusters
USDCAD 4HR Bullish Bat PatternWe have a bullish bat pattern on the 4hr with daily time frame clusters. Waiting to see if we can get a HSI arrow with a rejection off the support levels
DXYPerfect move from DXY. Got a wick yesterday during the interest rates event which pushed price to the .618 fib level before further strength which has now pushed price to the -.618 extension level. Price is approaching trendline ( expecting a break above soon) but we should see a short-term retracement before further strength.
Check related ideas section below to see the USD pairs we took this week ✅️💪
S&P 500 RECESSION ANALYSIS!EARLIER, i had posted saying if the us markets goes further down what will be there point. (check the link section)
lets go on further,
recession means what earned everything lost, reached its breakeven point. what profit gained has gone away, with net having no loss and no profit.
FIBONACCI ANALYSIS: Fibonacci describes this statement in a very beautiful manner. if the price is trading at the 0.5 level then it is has reached its recession point.
although do note that 0.5 level is also a deciding level. okay, i will come to this later.
lets talk about this idea that why is the US started recovering.
interest rates had started coming down, and the indices are reacting very positively towards it.
i have explained to Fibonacci that now the recession has been completed according to this indicator.
MOVING AVERAGES(50 AND 100): both the moving averages(50 and 100), are meeting at one point, and they will now repel and move upwards.
RSI: yet it needs to give a breakout, but is definitely showing divergence(the two purple lines), relating to price action
TREND LINES: THE BLUE TREND LINE: yet needs to be breached, and yes this is the move that will make the break of it.
many of the great tech stocks have massively come down, and now they are showing divergence and a good upside move is gonna come.
FINAL WORDS: US markets will have a boom in their upside movement, as many of them kept on selling their positions, and such the interest rates have started coming down and will become normal within 1-2 years, so from now onwards the next year will be a great run for the US markets.
i will come to my point which i earlier which i had left in the middle, in my previous s&p analysis(link below), i had mentioned if s&p goes further down then recession stage, then at what point will it go down, and what will be the levels furtheron.
but since interest rates have started coming down, and mostly all the other economical news has been factored, i say that now there is a great space that us markets can have there bull run, and they will have, because its so clear that markets are tend to go upside, and they are the ones who react at first.
thank you.
How to use Fibonacci Retracement ⁉️ ‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
GOLD 0,618 FIBO SUPPORTWe've again the same support at 0,618 fibo, and we use twice to watch if the smae number will occur, and yes, 0,18 still support. So the price could test the support and go long, or will just change direction to a long strategy, since MACD is already touching support.
But our position will be:
Waiting for a bigger bullish candle to buy XAUUSD or wait for the support test follow by bullish candles
EURUSD - Short if cross fibo 38,2Resistance at 0.98857 looked at 1hour tf, and a second resistance at 0.98436. We can see we already had two retracements and can be the next consolidation area.
However when we use de fibonacci we can look at 38,2% and see a future support there if not crossed, moretheless if cross it, EURUSD will short. The pair already have a strong short position since we have the MACD crossing the 0, and the canes shadows is touching and following the lower BB line. Together we can analyze the moving average, moving away from the middle line from BB.
This is not in the screenshot, but if you use RSI and the Stoch in 30m or 1H you'll see the indicators line is going down. RSI is very close from the 50.0
NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension.
Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase).
Monthly = Direction
Daily = High or Low price
1Hour = entry
According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence.
Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows.
Also notice the head and shoulders pattern formation at monthly support.
Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money...
Entry:
11:00AM SA time
SL: 0.77563
TP: 0.78821 (next resistance)
Lot: 0.5
XRP Golden Crossing Inbound PotentialHey crew, sorry for not publishing in a long while, been busy coding trade interface stuff and getting Pythonic
So here's a quick update on the crypto beauty XRPaaaay
1. This Fib channel sits nice on a longer term trend and the price action / conformity is pretty snug
2. The 200 EMA could hold but let's face it, XRP usually dumps deep after most pumps and I like the 50 EMA as another good DCA entry with the possibility of a full retrace to the bottom of the Fib channel
3. The 50 could possible cross the 200 and send a buy signal across the boards on a golden crossing.
4. XRP news is fire right now and the whole SEC regulatory thing is sparking things a bit, but keep in mind that price action usually precedes street level news (buy the rumor, sell the news) so be aware of what's really going on.
5. I still think the dark pool lords could wick us all into the abyss but it probably will happen quickly so I have buys all the way down to garage day levels.
I personally do not use stops in crypto because of this reason but conventional wisdom says don't do this. Regulators are looking for more and more reasons to ruin the crypto party, squash your gains and invade your life so I would not put it past them to work behind the scenes to zero everyone out and then introduce 1000000 new rules all in the name of "consumer protection" lol. They really do think everyone is stupid.
Been scalping over here and this latest pump added some decent quiche to the buffet.
Stay frosty friends and catch you soon!
LUNC wyckoff accummulationBINANCE:LUNCBUSD probably doing a wyckoff accummulation phase as BINANCE:ETHBUSD did long ago. My theory is that market do a reversal after a triple top is formed. Hence, only one top has been made so far. This is subjective to market conditions.
MRNA harmonic 886 retracement. Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new pattern — called “the Bat” — which used what I was calling a “deep 0.786 retracement.” I told him that executing at the 0.786 without regard to the structure was a critical mistake. Besides, the 0.886 retracement, when used in the correct pattern structures, reduced the amount of risk in previously “undifferentiated” Gartley set-ups by 10 percent."
old.harmonictrader.com
I hope you enjoy the TA.
EURJPY Bullish BiasEURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200.
Main Scenario:
If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2.
Note: Technical indicators display slight bearish divergence on lower timeframe warranting caution.
Alternate Scenario
If the price breaks and consolidates below the pivot, we can expect bearish price movement towards 136.824.
Ninja!!All the way to $143.xx. FIBO on 1D Time frame.. ABCD pattern to the $143.xx Mark.
"not a fin advisor"
Bearish Trend in FIBO channel-GBPCHF has been bearish since 5 April (500 days)
-We can clearly see how price reacted to FIBO channel levels.
-So now if 2 lvl of FIBO channel break down , it will go down to 2.618 lvl of FIBO channel.
Short btc?You can open position with fib gann.How? find the top of bullish trend and draw a vertical line next draw a fib and draw some line from bottom of bullish trend to fib and vertical meeting point.
Thank you for follow,boost and comment
GOLD's'GOLD!!The 30 min FIBO is the building block of the previous One Hour FIBO..
"not a fin advisor"
&US30Same goes here.. Fibo on 4 hours TF.. slow but steady.. never went wrong so far.. Enjoy..
"not a fin advisor"
SP500.. it is our time!!it's been few days now; ALL FIBO-s are respected.. Enjoy..
"not a fin advisor"
gold to silver ratio$gsr quarterly, using futures, has now done a perfect Fibonacci 50% retrace, and begun to build a bear hammer, or engulfing.
Most reversals after a long upside trend are pretty violent.
Last time inflation was this great, it took 18 ounces of silver to buy one ounce of #gold.
BTC (Bitcoin) - 15 Min - CryptoUpdateAs of July 23rd, 2022 @ 11:36AM (MST)
#Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) .
Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport, #fakeout (or aka #liquiditygrab or #stoprun) before the bigger corrective wave (c) of #waves begins.
Link to Previous 1hr chart: https://
Fibonacci Analysis - Part 1
A. Fibonacci Series
01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers.
02. The Fibonacci sequence is as follows:
0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, …
B. Properties Of The Fibonacci Series
03. The series extends to infinity.
04. Divide any number in the series by the previous number; the ratio is always approximately 1.618. For example:
610/377 = 1.618
377/233 = 1.618
233/144 = 1.618
05. The ratio of 1.618 is considered as the Golden Ratio.
06. Further into the ratio properties, one can find remarkable consistency when a number in the Fibonacci series is divided by its immediate succeeding number. For example:
89/144 = 0.618
144/233 = 0.618
377/610 = 0.618
07. Similar consistency can be found when any number in the Fibonacci series is divided by a number two places higher. For example:
13/34 = 0.382
21/55 = 0.382
34/89 = 0.382
08. Also, consistency is when a number in the Fibonacci series is divided by a number 3 places higher. For example:
13/55 = 0.236
21/89 = 0.236
34/144 = 0.236
55/233 = 0.236
C. Fibonacci Retracement
09. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices.
10. Whenever the stock moves either upwards or downwards sharply, it usually tends to retrace back before its next move.
11. ‘The retracement level forecast’ is a technique that can identify up to which level retracement can happen.
12. Fibonacci retracements are movements in the chart that go against the trend.
13. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction.
14. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios.
15. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move.
16. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels.
17. Unlike moving averages, Fibonacci retracement levels are static prices. They do not change.
18. Because these levels are inflection points, traders expect some type of price action, either a break or a rejection.
19. The 0.618 Fibonacci retracement that is often used by stock analysts approximates to the "golden ratio".
D. How should you use the Fibonacci retracement levels?
20. Think of a situation where you wanted to buy a particular stock, but you have not been able to do so because of a sharp run-up in the stock.
21. The most prudent action to take would be to wait for a retracement in the stock in such a situation.
22. Fibonacci retracement levels such as 61.8%, 38.2%, and 23.6% act as a potential level up to which a stock can correct.
YASER RAHMATI
