A beginners guide to Fibonacci retracement.
What is Fibonacci retracement?
- "In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%." - Investopedia
Bought 2 shares yesterday morning. Although Nvidia is predicted to find resistance where it is currently trading today, it will be able to break past $280 by 2023.
Advancements in GPU technology has not even fully been realized for its full potential. Although there is competition in the GPU computation space, Nvidia has a foothold similar to that of Intel in the...
As we head into December, We can see that the major drops I had predicted since November 14th has occured.
Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone.
This support line is set to break as we are no where near the end of our...
Stock seem to be moving along the trend line as shown. Resistance level currently strong at 9,750, with next resistance at 9,850. Should the trend line be broken, expected drop to next support at 9450. Overall still a long to hit targeted 10,000
Beginner analysis here, take with pinch of salt. Do share your ideas so I can improve as well.
This is my prediction for EURUSD for next week. I am a beginner trader and still trading on demo, so feel free to give your input on how you think. I see EURUSD is approaching equal lows on the daily and I believe these will be taken out before we see a move to the upside. I also see divergence on the TDI
Just sharing my point of view of Zcash. i am just a very beginner at the technical analysis but being in the space for a long time. I did discover the bottom for zcash so now am thinking we are going to see much higher price in Zcash because i think the bull market has just been start. not only Bitcoin wil go up but also some of the best altcoins there will get...
Started new charting and will be keeping all drawings on for reference.
I would appreciate a follow here or Twitter, I am also hosting channels on Discord and LBRY.TV.
This is only a beginning basis chart, to start me off. Trend lines, if they can be called that on the 1hr chart, have been marked.. and trading ranges between support and resistence have been...
I purchased 58 shares of eGain today at an average of 7.68. Expecting it to break $9.0 by Q3 2020.
This company is undervalued. As a beginner trader, I am not able to articulate the technicals that can back this up but I am using this post so that I can review my pick down the road.
I completed research using the following resources:
"The 4 analysts offering...
The stock has been in the downtrend for the last 4 years.
Since mid August 2019, the price has been moving up and so far has gained ~50%. It has broken out of the downtrend mid October 2019, retested the area multiple times and has continued rallying upwards (there is no decline in volume either). The moving averages are still facing downward on Weekly, but have...
Quick analysis of how I mark up my charts and what I look for before pressing that button. I may be entering a buy UJ depending on how the next 4hr candle closes. If I get a good rection(pinbar) from the zone/trendline it is at now I will enter with an aggresstive SL
Hello all - DuncanForex here with another trade idea
With USD seeing short term strength on Forex pairs (not metals)
On the 5 minute chart - it has just completed a butterfly pattern and therefore the trade is live
I am looking for a 5 to 1 with a wide stop and 10 to 1 with a tight stop on the 5 minute chart.
On the 4 hour chart - it printed an bullish...