Get started

Fib

HOW-TO: FibDev Indicator This tutorial is to explain our FibDev Indicator using AMD 15m chart example. Overview of the daily zones: -- Starting with red zones, these are our daily supply zones. We expect these zones provide resistance and act as potential pivot points for the price to reverse -- The yellow zone is the neutral zone, when price is in this zone we expect that it will continue to chop around until it has chosen a direction for the day. -- The green zones are demand zones. Similar to the supply zones, we expect these zones to provide support and act as possible pivots for the price to rebound -- These zones are built based on previous daily price action and ** the zones will be the same on all time periods for any given day ** Overview of the intraday clouds: -- The upper cloud (red outline) is where we expect to encounter an overbought condition, and that price may reverse down -- The lower cloud (green outline) is where we expect to encounter an oversold condition, and that the price may rebound upwards -- These clouds are built based upon ** the time period of the chart that is selected **. Thus the 5m clouds will be different than the 15m clouds. Overview of the automated signals: -- These signals are printed when we expect there is a chance of trend reversal. It should be noted that trading against the trend is very risky. -- They do NOT serve as buy and sell signals, they are merely indications that price has entered a place of possible reversal. Our thoughts on how to use this data: --The main way we like to use this is by looking for scenarios where we have a wick or close that has broken above or below the intraday cloud at the same time that it is testing a supply or demand zone. Looking at this AMD example here, you can see a few scenarios where it wicked or closed into the lower cloud (some creating Bull signals) and was also testing a demand zone. This provides a layer of confluence as it's not only testing a daily demand zone but it's also testing the faster, intraday oversold zone (the lower cloud). -- A secondary way to use this data is similar to the ORB strategy, where you essentially chase (or ride the momentum) the price once it has broken to the upside or downside of the yellow neutral zone. With this strategy, your potential profit zones would then become the supply or demand zones depending on which way the price moved. Conclusion: -- Ultimately it's up to you and how you choose to use this data and confluence it with other TA tools is completely up to you and your trading strategy. -- For more information on using this indicator, please send us a message here or on Twitter (link found in our profile). Thank you! Great Blue Trading Team
NASDAQ:AMDEducation
by GreatBlueTrades
HOW-TO: FibDev Indicator and the Newest UpdatesWe previously published a HOW-TO on using this indicator, but since then the UI and the automated signals have changed noticeably. We STRONGLY recommend reading the first HOW-TO for this indicator as the core concepts are still the same (outside of the signals). UI Updates: We now hide the supply or demand zones if they aren't applicable to the current price action. If the price is in the neutral zone, there is no current target zone so both supply and demand are hidden. If price has broken out to the upside, we display the target supply zones at this time and vice versa for the downside, we display the demand zones. The way these zones are calculated is still the same, they are built using daily values and do not change through out the day (regardless of if/when they are displayed on the chart). Automated Signals: This is the biggest change, we are no longer generating automated signals based on possible reversal points of oversold and overbought price areas. This strategy can still be used, but there will be no signals created is all. Instead, the signals are now generated when the price leaves the neutral zone and track momentum vs searching for trend reversals as before. When the price breaks through the neutral zone to the upside a Bullish Break Over signal is now printed implying that we see bullish momentum to the upside. The supply zones will display and now we are tracking the upside move with the indicator. The opposite for the downside break, Bearish Break Under signal and demand zones displayed for tracking the momentum to the downside. Conclusion: The indicator is now tracking momentum vs reversals, but using a combination of the Intraday Clouds and Neutral/Supply/Demand zones you can still use this for reversal setups. Thank you! Great Blue Trading Team
AMEX:SPYEducation
by GreatBlueTrades
EUR/NZD - SHORT oppotunity !Hello trader, Nice week and profitable deals 💲 EUR/NZD 4h Chart 📊 In my opinion, the ECB will keep lowering rates !! Investor fear will further weaken the EUR !! Technically we are at 0.382 of the last downward movement, IMO we are based on the SMA 200 4h and the POC !! I will trade this breakout and use Fibos as TP and target 🎯 My SL is in the chart ! I want to mention that everything I post is just options and my own opinion! Always trade with SL and do not risk more than 1% of your portfolio (max. 3%) per trade. If you have any questions, please let me know ➡️If you like my posts, press the Like button, comment or follow me Thanks for reading my ideas, Trade save !!
Short
by TR7z
4
$STRN – SI 59%Stran & Company, Inc. provides outsourced marketing solutions. It offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings. The company also provides creative and merchandising services; warehousing/fulfillment and distribution; print-on-demand services; kitting services; point of sale displays; and loyalty and incentive programs. Stran & Company, Inc. was founded in 1994 and is based in Quincy, Massachusetts.
SLong
by BADQOMOCAWGOWLD
$BIRD – SI 45%Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. The company was incorporated in 2015 and is based in San Francisco, California.
NASDAQ:BIRDLong
by BADQOMOCAWGOWLD
$BTCUSD Levels of strong local supports$BTCUSD Levels of strong local supports Heavy pump is to be expected if last resistance zone breaks STRONG SUPPORT: 1- 0.786% FIB LEVEL 2- 200MA SUPPORT If it breaks Support levels of 40k, it will be in a stagnation phase for awhile Bitcoin is downtrending once again and if these local support levels break, we can expect dump here to range of 32-40K support that is the last daily/monthly support left and if 40K support breaks Bitcoin will be in an extended stagnation phase due to Omicron But as we can see price is near strong local support and technically price can pivot here or at least more pulsations within these local ranges here is to be expected. Main support zones are now: 1- 0.786% FIB LEVEL 2- Local support that was retested broke previous trendlines (light neon blue zones on the chart).
BITSTAMP:BTCUSDLong
by BADQOMOCAWGOWLD
Possible BTC bottomHello everyone, Today I would like to go through a scenario with you in which the Bitcoin may have found a possible bottom. This view opens up to me, since the wave cycle for wave C seems to be complete if counted more precisely. I am assuming that waves 1 and 3 are similar, which is why wave 5 has to be the longest. If we look at wave 4 and we count the retracement of this wave, it becomes apparent that it has retraced more than 50%, which according to Elliot Waves could lead to a possible failed fifth and thus to a higher low. This is a very rare case that I wouldn't normally trade like this, but since wave 5 has taken the form of an ending diagonal, the chances of going long here are very good. A confirmation for this count would be around 53466.35 USD for me. This is not investment advice, just my technical expertise. RT
COINBASE:BTCUSDLong
by RT_Trading_
3
Is this the beginning of the long waited move?Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart: 1. Made the first higher low 2. Stayed above the 0.236 Fib line 3. RSI 14 crossed RSI 50 Looking CCL to move to the 0.382 Fib line and hoping it will either: 1. Stay above 2. Make a higher high and create a bullish trend. PS. This is not a financial advise nor I am a financial advisor.
NYSE:CCLLong
by aaronrtan
1
BTC - Possible modes! Wow! We have great long term fib channel with valid encounters for BTC in daily timeframe. We can see three support areas and two resistance areas; First support area is in 46,000 - 47,500$ First resistance area is in 53,000 - 54,500$. BTC have possible modes; Bearish mode is blue line or black line path. Bullish mode is orange line path. We have one target in all possible modes and Target is 80,000$. MACD will going to rise and in RSI we have a black down trendline. Just be patient.
Long
by Hamidrezawix
FaceBook (Meta) Downtrend continuesOn daily chart, dead cross (50 sma crossing below 200 sma) is about to happen. Fib Level 0.618 - $332 (the rectangle area) is a huge resistance which has been tried 4 times in December. Also 200 and 50 smas is suppressing the bullish movement. Looking for a breakdown to $300 area in near future. Disclaimer: This is not a trading advice. I am not a financial advisor. Only for fun and educational purposes. I won't accept any responsibility if my idea fails.
FShort
by aaronrtan
3
SPY- Bearish- UpdateJust posting another update here on the SPY- Bearish megaphone is playing out as expected but also a very big week for the markets fundamentally speaking. Fundamental Rationale A lot of big economic events this week including retail sales, the Fed's final decision regarding monetary policy, FOMC press conferences on both Tuesday and Wednesday, and to top it all off, quadruple witching on Friday 12/17' to close out the week. Fundamentals aside, the SPY is still looking quite bearish- Some FIB levels and RSI-based supply and demand zones to keep an eye on on the meantime, bearish and hedged- (Previous Charts Attached Below) - Still holding a big rising wedge (Bearish) - Bearish cypher formed on the hourly timeframe along with a gap fill on the downside (See Attached Chart Below) - RSI is nearing, or in overbought territory on almost every timeframe - Bearish Hidden Divergence on the SPY Daily, Weekly, 4-Hour, and Hourly Timeframes - The SPY rejected a critical RSI-Based Supply Level on the weekly timeframe & is sitting on the 20-day SMA (See Attached Chart Below) -Weekly- -Hourly- -Previously Charted-
AMEX:SPYShort
by jacobosiason7
5