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Fibonacci

Fibonacci was an Italian mathematician who came up with the Fibonacci numbers. They are extremely popular with technical analysts who trade the financial markets, since they can be applied to any timeframe. The most common kinds of Fibonacci levels are retracement levels and extension levels. Fibonacci retracement levels indicate levels to which the price could retrace before resuming the trend. It's a simple division of the vertical distance between a significant low and a significant high (or vice versa) into sections based on the key ratios of 23.6%, 38.2%, 50% and 61.8%.

Price tends to come back to these levels before continuing the predominant trend. Fibonacci extension levels indicate levels that the price could reach after an initial swing and retracement. TradingView has a smart drawing tool for Fibonacci retracements and one for Fibonacci extensions that allow users to visually identify these levels on a chart. Both tools are fully customizable and levels can be changed or added.
MeasuredMove MeasuredMove ETHUSD, 60,
ETHUSD: Bullish - but no clear direction yet.
306 0 11
ETHUSD, 60
Bullish - but no clear direction yet.

Shorter term bullish but the sell zone overhead is concerning. With Segwit2x clearly signaled now it seems a lot of Bitcoin risk has been reduced and traders can focus on some recent positive developments from Enterprise Ethereum Alliance. Curious to see how price develops here.

jojofang0901 jojofang0901 PRO USDCAD, D,
USDCAD: USDCAD WEEKLY OUTLOOK
150 0 11
USDCAD, D
USDCAD WEEKLY OUTLOOK

Hi everyone: USDCAD has been on my watch for quiet some time now. WE can tell the daily chart is way over extended without a proper pullback/correction. In order for it to continue to drop, it must pullback and form another lower high to continue downward. In the next few weeks, expect a bullish pullback to around 1.2900 level, then we are all going to enter a ...

VasilyPonomarev VasilyPonomarev USDCHF, 60, Short ,
USDCHF: potential bearish trend continuation
60 3 8
USDCHF, 60 Short
potential bearish trend continuation

https://www.tradingview.com/x/gmcIR1GQ/

webworker webworker ETHUSD, D,
ETHUSD: ETH almost down to March trendline. August 1 area of interest
188 0 8
ETHUSD, D
ETH almost down to March trendline. August 1 area of interest

We're still in a reasonable downward channel and possibly will see the rest of it play out until we are near the trendline from March. Coincidentally this seems like it might happen around August 1st.

chron1z chron1z PRO ETHUSD, 45, Short ,
ETHUSD: ETH still shows downtrend
604 1 21
ETHUSD, 45 Short
ETH still shows downtrend

I saw some ideas saying that ETH is in an uptrend now so I just wanted to show my perspective :) Good luck!

FUNTRADER-Vera FUNTRADER-Vera PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD: AB=CD is coming , watch out!
154 0 7
GBPUSD, 240 Short
GBPUSD: AB=CD is coming , watch out!

Traders, There is a AB=CD for GBPUSD to bounce up to B. For next wk , we still think GBPUSD will drop to break the blue trend line to make a big correction prepared for future moving up . Less is more!

HappySaucisson HappySaucisson PRO EURUSD, D, Short ,
EURUSD: Possible Reversal EURUSD - 1D - Time to Short
62 0 7
EURUSD, D Short
Possible Reversal EURUSD - 1D - Time to Short

All on my chart

tom_mok tom_mok EURJPY, 60, Short ,
EURJPY: EURJPY Break and retest
47 0 7
EURJPY, 60 Short
EURJPY Break and retest

Short after price break the wedge and retest the structure.

sgarciafx sgarciafx GBPJPY, D, Long ,
GBPJPY: GBPJPY Long
72 0 6
GBPJPY, D Long
GBPJPY Long

This pair has been ranging for some days now and has reached the bottom yet again. I'd like to see another push down close to the 38.2 retracement level of this A-B daily boundary going up. It's currently trading by a previous Resistance that may turn into support and also a daily 23.6 fib is present. I think this range has been trapping sellers and ultimately we ...

IvanMadrazo IvanMadrazo UKOIL, 240, Long ,
UKOIL: Coincidence?
67 1 6
UKOIL, 240 Long
Coincidence?

Another Bullish BAMM Setup. Wait for breakout. 0.786 Could be a very possible target. :)

ifjgbela ifjgbela USDJPY, 60, Short ,
USDJPY: USDJPY SELL M15 Trend Continuation
52 0 6
USDJPY, 60 Short
USDJPY SELL M15 Trend Continuation

- M60 trend - Major (M60) and Minor (M15) Structure - BB(50) OB - Fib. ret.

ZumoritoFX ZumoritoFX USDCAD, D, Long ,
USDCAD: USD/CAD pullback?
28 0 6
USDCAD, D Long
USD/CAD pullback?

Too much selling pressure imo, hopefully the bears will exit and the bulls will manage to take control for a while.

BD_Trading BD_Trading EURCAD, D, Long ,
EURCAD: EURCAD Possible upside.
18 0 6
EURCAD, D Long
EURCAD Possible upside.

Expecting some consolidation around 61% and then take off to 1.50 - 1.55 levels.

THANES33 THANES33 GBPUSD, D, Long ,
GBPUSD: GBPUSD LONG
44 0 5
GBPUSD, D Long
GBPUSD LONG

GBPUSD BROKE THE WEEKLY RES AREA AND NOW IS RETESTING THE ZONE,WITH A FIB APPLIED,THE HIGHER LOWS FORMED REJECT THE 50% FIB LEVEL,THIS PAIR SHOULD BE HEADING HIGHER SOON,WITH 1.3200 AS A TARGET

unbound unbound PRO ETCBTC, 240,
ETCBTC: ETC moment of truth
87 0 4
ETCBTC, 240
ETC moment of truth

I have been holding ETC for quite some time now and never really made profit with it. It's mainly used as hedge for ETH and pumps occasionally on news of new exchanges adding it and dumps shortly after. The Emrald wallet doesn't seem to be releasing any time soon. I think it's because ETC has a small community of devs developing it. Since momentum is at its low ...

VasilyPonomarev VasilyPonomarev GBPUSD, 60, Long ,
GBPUSD: 618 long
36 0 4
GBPUSD, 60 Long
618 long

https://www.tradingview.com/x/ZPbxYqnE/

magbrr magbrr PRO GBPUSD, D, Long ,
GBPUSD: GBPUSD (Long Opportunity)
33 0 4
GBPUSD, D Long
GBPUSD (Long Opportunity)

GBPUSD broke key resistance last week and currently is bucking the direction of the trend. Uptrend still intact with targets as shown. Current downward movement shows weakening of momentum with bias to the upside

THANES33 THANES33 GBPJPY, D, Long ,
GBPJPY: GBPJPY LONG
30 0 4
GBPJPY, D Long
GBPJPY LONG

DAILY SUPPORT RETESTED AGIN IN THE MATTER OF 5-6 DAYS. WITH THE PAIR'S INITIAL BULLISH MOVE,THE 23.6% FIB LEVEL HAS BEEN A KEY RETRACEMENT REGION,THUS THE PAIR SHOULD BE LOOKING TO CONTINUE ITS BULLISH TREND TO THE WEEKLY RES. THE ANALYSIS I MADE ON THIS PAIR DID NOT GO WELL BECAUSE I FILED TO TAKE INTO CONSIDERATION A FEW IMPORTANT POINTS.

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