Get started

Fibs

Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Education
by LeafAlgo
16
BTCUSD interesting geometryHere is some interesting geometry on an outer edge ray. - Extrema point 0 on ATH - Extrema point 1 on PI * 27.3 (orbital period moon) High - Break on PI - Retest on 3.5 All within a tiny margin of error. The time between 0 and 1 ≈ 5 moon orbits The time between 0 and PI ≈ 16 moon orbits You could probably draw and find proportions everywhere on either scale, but what is the chance of them relating equally on both price AND time scales? How unique is this occurrence? Statistically probably a unicorn event. How great would it be, to produce analytical algorithms that find these price and time-dependent extrema points and relate them with each other via things like outer edge extension rays, to measure and test at what proportions they are broken/retested, and so change in status, to truly test how unique, predictable and structured-to-nature the market behaves.
INDEX:BTCUSD
by MVPMC
S&P-500: All Support and Resistance for Bull and Bear ScenariosLet me explain this. ALL SPIKES ARE THE SAME. However, the different timeframes and chart scales create 4 unique layouts for both Daily and Weeklies. The top two are Dailies and the bottom two are weeklies. I have labeled which chart scale they are on. THE TOP TWO HAVE RESISTANCE SCHEMATICS (THE SAME TWO) . As in, the extensions are RESISTANCE (IN RED) THE BOTTOM TWO HAVE SUPPORT SCHEMATICS (THEY ARE DIFFERENT) . As in, the extensions are SUPPORT (IN GREEN) *We have just intersected the 2.618 and now we either....* A. Go to the 1.618 now at 3970... B. We go back to 4.236 and crab around... C. Go through the 4.236 and to the 6.854 where we possibly create a disjointed double top... D. Drop through all support, destroy schematics at 3500 and find NEXT SUPPORT AT (GREEN) BTW: The Dailies are 3 Day timeframes because Dailies are too strecthed. BUT THE DAILY SCHEMATICS ARE PURELY MADE FROM DAILIES SO IT DOES NOT MATTER. ---You may notice that the bottom two support schematics are the same as #2 and #3 on my "S&P-500: All Fibonacci Schematics" idea linked below---
CME_MINI:ES1!Short
by MichaelBsul
DG Daily Levels Match Up Almost Perfectly with Fibonacci LevelsDG Replay of DG's Price Movement & Volume -13 October 2023 Dollar General (DG) gapped up and was up 9.16% on the day. DG's volume was nearly 3 x's the amount it was over the last 2.5 weeks. Daily Levels & Fibonacci Levels *The .38 retracement level on the daily is in confluence with the 116 daily level on the chart. The .50 fibonacci retracement level aligns with the 120 daily level. Also, the .618 (the reversal fib retracement level), is in confluence with the 124.85 daily level. I like when I see levels line up nearly perfectly with fib retracement levels 😃
NYSE:DG
by MrALtrades00
1
Countertrend then Continuation to upside after 2Day OrderBlock If you missed getting in short, here's a 2nd opportunity for a longer run. Speculating price will reject 0.86890 to take out SSL below at 0.86115 (2 Daily OB mitigation). Then this would be a great entry for long (swing trade). If willing to participate on this short idea, suggestion is to do so at a reduced risk (lower lot size) on the shorting (0.86890) to the 2 Day OrderBlock mitigation. Then enter at a regular risk (whatever your risk appetite is) on the continuation long.
Short
by RunwayFX
NFLX Monthly Chart... 5 trading days to go before the close of the month... which means this last bearish candle that broke the current uptrend can still reverse... let's wait and see.. but currently it is quite bearish... adding the doji that occurred at the .618 Fibonacci retracement level (in red), the RSI not even reaching 60 before reversing and the MACD histogram starting to break down. Zoom out and NFLX is still on a major long term uptrend... even if the price would drop substantially.
NASDAQ:NFLXShort
by ChartsAvenue
Advanced Analysic for GBPAUD! BUY HERE!My analysis of the GBPAUD forex pair is as follows: Market Structure: I have identified the MINOR wave structure, marked in BLUE on the chart. The corrective wave structure, labeled 0A-BC and marked in RED, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C. Price Action Momentum Channel: On the chart, I've identified a bearish momentum channel. I anticipate that the price will reach the lower boundary of this channel, and this could present an opportunity for buyers to enter the market. Fibonacci Analysis: I've identified significant price reaction zones using Fibonacci analysis. In conjunction with other analytical methods, I predict that the price will react notably at two critical levels, particularly in the presence of substantial economic news. SUPPLY & DEMAND BLUE MINOR STRUCTURE: ~ Fibonacci 0.618 reversal. Other Secrect analysic. Thank you for considering this analysis.
Long
by KC_Trader77
Learn Fiboonacci Retracement & Extension Tools 📚 Hey traders, In this article we will discuss two very popular Fibonacci tools: Fibonacci retracement and extension. 1️⃣Fib.Retracement tool is applied to identify a completion point of a retracement leg within an impulse. As you know price action has a zig-zag form. For example, in a bullish trend, the price tends to set a higher high then retrace and set a higher low before going to the next highs. In a bearish trend, the price tends to set a lower low and retrace to a lower high. With retracement levels, we are trying to spot the point from where the next impulse in a bullish or bearish trend will initiate based on the last impulse leg. Fib.levels that we will apply are: ✔️0.382 ✔️0.5 ✔️0.618 ✔️0.786 The retracement levels will be drawn based on XA impulse leg. From its low to high if the impulse is bullish and from its high to low if the impulse is bearish. From one of the above-mentioned levels, a trend-following movement will be expected. One should apply different techniques to confirm the strength of one of these levels. Here is the example, how perfectly EURAUD respected 618 retracement of a bullish impulse leg after a pullback. Please, note that Fib.Retracement tool was applied based on candle wicks, not bodies. 2️⃣Fib.Extension tool is applied to identify a completion point of the impulse. In a bearish trend, the extension levels will indicate a potential level of the next lower low based on the length of the last bearish impulse. Fib.levels that we will apply are: ✔️1.272 ✔️1.414 ✔️1.618 The extension levels will be drawn based on XA impulse leg. From its low to high if the impulse is bullish and from its high to low if the impulse is bearish. From one of the above-mentioned levels, a retracement leg will initiate. One should apply different techniques to confirm the strength of one of these levels. Above again is EURAUD . Please, note how perfectly the pair completed a bearish impulse after the test of 1.414 extension of a previous bearish impulse. Of course other ways of application Fib.Retracement and Extension levels exist. However, these two are the most common. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
9
KAVA Long idea In the ever-evolving realm of cryptocurrency, where fortunes flicker like distant stars, Kava emerges once again, inviting traders on a fresh journey of potential gains and exhilarating market maneuvers. Picture the chart, a line of time etched with the memories of past movements. A channel, like a road leading to possibilities, draws our attention. It’s not just an ordinary channel, but a path that has proven its significance in the dance of prices. This channel, like an old friend, has seen the rise and fall of trends, and now, it beckons us once more. Step back for a moment and ponder the Stochastic indicator, that little oscillating wonder. It's in a state of rejuvenation, its readings bottomed out. It’s as if the market's heartbeat has found its rhythm, preparing for a new pulse. As we study this chart, the Fibonacci 0.786 level glows like a beacon. A level where altcoins seem to whisper secrets, it's a place of interest, often a playground for significant actions. Just as Fibonacci numbers spiral through nature, they spiral through these markets, guiding us. But there's more to the story. Imagine the On-Balance Volume (OBV), a silent observer of market movements. Divergence, like a symphony of intrigue, plays its tune. It’s as if the market is telling us a story, a narrative of potential. It's this divergence that piques our interest, suggesting that hidden possibilities might be unfolding. And then there's volume, the voice of the market, its fluctuations as significant as a conductor's baton. For this swing to work its magic, the crescendo of volume needs to accompany the upward movement. It's the signal that turns a solitary move into a symphony of momentum. This tale, my friends, is not just a glimpse into a crystal ball. It's a calculated dance of data, a thoughtful strategy that beckons you to seize the potential while protecting your capital. As we embark on another swing long trade, armed with knowledge and insight, we brace ourselves for the next chapter. The markets shift, the numbers change, but the essence of trading remains. As Kava extends its invitation, it's time to write the next verse in the saga of potential gains. Gather your wits, adjust your strategies, and let the journey continue. Set your stop-loss, a safeguard against unforeseen tides, below the 0.7815 mark. It's a strategic move to protect your capital, even amidst the allure of profit. So let the path be navigated with both caution and courage, for risks are managed, and the potential for gains remains.
Long
by DepecheGST
Thinking of Buying Gold - Long Position - Check out the entry So i have used fib levels to determine my buy setup for tomorrow. FVG is very much present below 1945 mark -Many people would be at 1945 mark with Sl of 1940 -1939, but look at my fib level. Buy from discount price which is 1937-1938 and aim for 1963 as TP2. It can go further , but with Friday being slow and weird, i would stay out if i reached my target of 1963. My chart is very self explanatory for those who have basic knowledge. Let me know your thoughts
FXOPEN:XAUUSDLong
by Subliminalroots
2
Shorting LINK: Overbought Conditions, TBO, and Fibonacci LinesIn this trading idea, we will explore the potential shorting opportunity for LINK/USDT, driven by recent news-induced overbought conditions and strong over-extension from the TBO Fast Line. The confluence of factors, including resistance at previous TBO Resistance lines and the 0.236 Fibonacci level, presents a compelling trade setup. Reasons we are looking to Short LINK/USDT: 1) Overbought Conditions: Recent news and hype have driven LINK to an extremely overbought state. Such excessive buying activity may lead to a price correction, providing an attractive opportunity for short positions. 2) Over-Extended from TBO Fast Line: The current green TBO Fast Line at 6.857 indicates LINK's significant deviation from its average price movement. Historically, such deviations tend to revert to the mean, potentially presenting a favorable shorting scenario. 3) Strong Resistance at Previous TBO Resistance Lines: LINK's price surge encountered strong resistance at previous TBO Resistance lines. These levels have proven influential in the past and may act as formidable barriers for further price advancement. 4) Fibonacci Resistance: The price of LINK has reached the 0.236 Fibonacci retracement level, which often serves as a significant resistance zone. Traders typically consider this level as a crucial point for potential reversals. Shorting Strategy: With a well-defined shorting strategy, we aim to secure approximately 15% profit while maintaining a 4:1 profit-to-loss ratio. Trade Plan: - Entry: Initiate the short position from the current price levels. - Take Profit: Target a 15% profit from the entry point. - Stop Loss: Set a stop loss just above the 0.236 Fibonacci level of 8.408 - Time Frame: We expect the trade to close within a week. Risk Management: As with any trade, risk management is paramount. By adhering to a predefined stop loss level, potential losses can be minimized in the event of an unexpected price surge. Conclusion: In conclusion, the current overbought conditions, significant over-extension from the TBO Fast Line, strong resistance at previous TBO Resistance lines, and the 0.236 Fibonacci resistance level all point to a potential shorting opportunity for LINK/USDT. Implementing a well-structured shorting strategy and prudent risk management will enhance the likelihood of achieving the desired profit targets. As always, exercise caution and remain vigilant throughout the trade execution. Happy trading! (Note: The trading plan and risk management mentioned above are for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.)
Short
by thebettertraders
XLM Long Idea In the realm of crypto, Stellar claims its throne, XLM shines bright, a trade strategy to own. Fibs and channels, a flamboyant affair, Unleashing gains, with a confident flair. With parallel channels, we set the stage, A path to follow, as profits engage. Fibonacci's charm, in the 0.786 zone, Where the lower trendline beckons us to own. Stellar's dance of triumph, a sight to behold, As it touches that level, a story unfolds. Outrageous gains, like fireworks ignite, In this trading game, we'll bask in delight. So let's embrace the XLM trade, With strategy and style, we'll make the grade. Fibs and channels, our guiding light, As Stellar's potential soars to new heights. But let's not forget, in this thrilling quest, To be mindful of risks, and trade with finesse. With calculated moves and passion in place, We'll conquer the markets, with grace and embrace. potential targers tp1 0.0955 tp2 0.1070 tp3 0.1205 DONT FORGET TO SET SL below 0.074
Long
by DepecheGST
4
AGIThough I already took this position last week, I forgot to share it with all of you here. But don't worry, the play is still active. What we had as a signal on the Alamos Gold or AGI ticker, is a play I adore to follow up with. We have a bounce out of previous high, which is sitting at 38.2% Fib level and it is currently breaking above the 50MA on the daily time frame. Something I love to trade, a lot. My first take profit levels are around $13.8 to $14.13 levels. My second profit target is sitting well above, around $16.5-17 price level.
NYSE:AGILong
by De_Banis
CN50 to find support at 0.618 pullback?CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490) We are trading at oversold extremes. Short term bias has turned positive. This is positive for sentiment and the uptrend has potential to return. We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098. Preferred trade is to buy on dips. Our profit targets will be 12770 and 12810 Resistance: 13180 / 13660 / 14440 Support: 12400 / 11845 / 11140 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:CHINA50Long
by VantageMarkets