MY THOUGHTS ON USD/JPYIn my analysis of USD/JPY on the 4HR CHART, This currency pair is moving BEARISHLY to the next level of resistance at price of $114.302. In this analysis, I used the Fib and Trendline Analysis. OANDA:USDJPY
Fibonaccianalysis
GOLD $GC XAUUSD Target Hit - UpdateTraders and Investors,
W pattern completed as expected and posted about a few days ago. This has given us a great long swing opportunity and then several long and short opportunities on smaller time frames. We have been trading around the levels and zones taking one of them at a time. Whereas one swing long position has been running for this W pattern completion target.
When W pattern completes the market take a correction, this is why today price fell a bit from the FCP zone as expected. It is now consolidating. Lets see if see a further correction or a breakout in the NY session.
Trade what you see, wait for the confirmations and manage the risk as always.
Follow for more. Please support this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
GOLD $GC Levels and Patterns AnalysisTraders and Investors,
Gold (XAUUSD) has been consolidating mostly but still has been giving a lot of great short term and swing trade opportunities.
I have updated the important levels and zones which can act as support and resistance. They should guide us a bit for the best possible trade opportunities.
There as possible W pattern forming. It has not formed or completed yet. It must first break the trend line and confirm the break. BTW, that trend line can also give us a good opportunities around it. Next, the price has to break the mid point of potential W pattern. Once it has done that, it can complete the W pattern.
Trade what you see, wait for the confirmations and manage the risk as always.
Follow for more. Please support this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
NASDAQ $NQ US100 Major Levels And PatternsNasdaq bounced yesterday heavily and completed a W pattern. I personally have been able to capture majority of this move. You can consider yesterday's W pattern a sort of double bottom which means hat more bullishness is expected in the medium term.
On a short term, now that it has completed a W pattern and reached previous important zone which had a gap, so we can expect a correction here but this may not be a big one. In a rare case there may not be any correction here at all because NASDAQ is forming a pattern which when forms usually ignores all the smaller W and M patterns.
For that reason my Bias is bullish and I will look for buying opportunities mostly.
There are certain Higher time frame levels that I am watching closely which you will find on the chart.
Trade what you see, manage the risk.
Follow for more. Please support this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Support and resistance key guide (Volume, Trendlines, FVG, MA)Support and resistance key guide (Volume, Trendlines, FVG, MA)
1️⃣ Importance of Support and Resistance in Highly Volatile Crypto Markets
The cryptocurrency market operates 24/7/365, exhibiting far greater volatility than traditional financial markets. This volatility presents substantial profit opportunities, but it also triggers intense fear and greed among investors, creating significant psychological stress.
Support and resistance serve as key milestones in this chaos, signaling zones where price reactions are likely. Beyond mere technical analysis, they reflect the collective psychology of countless traders. Understanding them is essential for success in crypto trading.
2️⃣ The Nature of Support and Resistance and Their Psychological Basis
Support and resistance occur where buying and selling pressures strongly collide, slowing or halting price movement.
Support:
At this level, buyers see the asset as "cheap enough!" and stand ready, forming a psychological and physical barrier against further decline. Additionally, traders previously trapped in losing positions may sell at breakeven, adding resistance against further drops.
Resistance:
At this level, sellers perceive the asset as "expensive enough!" and offload positions, while traders previously trapped at highs may sell with a "better late than never" mindset, limiting upward movement.
※ Meaning of Support/Resistance Breakouts and “Fakeouts”:
When a support level is breached, existing buyers may panic and trigger stop-loss selling. Conversely, breaking resistance may prompt buyers to enter, accelerating the trend.
However, some breakouts can be “fakeouts,” designed to exploit trader psychology. Premature chasing of such moves should be avoided.
3️⃣ Key Support and Resistance Pattern Analysis
📈 Trendlines and Consolidation Zones: The Psychology Behind Market Order
Trendlines: Trendlines visually represent the shared expectation among traders that price will move in a certain direction. Touching an upward trendline triggers “buy at a bargain” psychology, while touching a downward trendline triggers “it can’t go higher” sentiment.
Consolidation Zones (Boxes): These are zones where buying and selling pressures balance each other. Traders plan trades around these zones, dominated by the “waiting for breakout” psychology to capture significant moves.
📈 FVG (Fair Value Gap): Market Inefficiency and Smart Money Footprints
FVGs occur when the market moves too rapidly through a price range, leaving a “price gap.” They often reflect sudden activity by smart money (institutions, whales).
Gap Filling:
Markets instinctively avoid leaving incomplete states (FVGs) unaddressed. When price re-enters an FVG zone, the players who drove the prior rapid move may close or re-enter positions, forming support/resistance. Beginners can treat FVGs as smart money footprints and follow their activity strategically.
📈 Moving Averages (MA): Collective Psychology and Trend Direction
Moving averages reflect the average price perceived by the market over a period. Being widely monitored, they act as psychological support/resistance levels.
Short-term MA (e.g., 50MA): Reflects short-term trader sentiment. Price below it can trigger “short-term trend broken?” anxiety, while above it fosters optimism.
Long-term MA (e.g., 200MA): Represents long-term trader psychology and trend direction. Price below 200MA creates fear of a long-term downtrend, while above inspires hope of a sustained uptrend. When acting as support/resistance, MAs carry strong psychological consensus as a widely observed benchmark.
📈 POC (Point Of Control) Volume Profile: Market Consensus and the Power of Volume
POC is the price level with the highest traded volume over a period. It indicates market agreement on price, with substantial volume concentrated there.
Price below POC: POC becomes strong resistance. Buyers trapped in losing positions may sell at breakeven, and sellers actively resist upward moves.
Price above POC: POC acts as strong support. Buyers believe “price won’t fall below this level,” and prior sellers may switch to buying.
POC represents the market’s “expected price” and the zone where loss-aversion psychology is strongest.
📈 Fibonacci: Natural Order and Human Expectation
Fibonacci retracements apply golden ratio mathematics to charts, reflecting the expectation that price will reverse at certain levels, forming support/resistance.
These levels are not coincidental; many traders plan trades around them, causing real market reactions.
Levels like 0.5 (50%) and 0.618 (61.8%) are psychologically significant, viewed by traders as buying or selling opportunities. Support/resistance forms through “herd psychology,” as many act in unison.
📈 CME Gap: Institutional Moves and Market Regression Instinct
CME gaps occur in Bitcoin futures dominated by institutional investors. They happen when the spot market moves over weekends while futures are closed, and the market tends to “fill the gap.”
Gap Filling: CME gaps represent periods without institutional activity, prompting the market to normalize these “abnormal” price zones.
Traders anticipate “the gap will eventually be filled,” making these zones potential strong support/resistance, reflecting future-oriented market psychology.
4️⃣ Managing Trading Psychology Using Support and Resistance
Even the best tools are ineffective without psychological discipline.
Confirmation bias and stop-loss discipline: Ignoring losses due to selective perception leads to ruin. When support breaks, acknowledge your prediction was wrong and act decisively to exit.
Overbought/oversold psychology and FOMO:
Avoid chasing price surges out of fear of missing out (“everyone else is profiting, why not me?”).
During crashes, resist panic selling at the bottom. Base trades on your rules derived from support and resistance.
Partial trading for risk management:
Avoid buying all at support or selling all at resistance at once. Splitting trades across multiple support/resistance levels provides psychological stability and reduces the impact of wrong predictions.
5️⃣ Comprehensive Strategy Formation and Practical Application Tips
Multi-level Support/Resistance Confluence: Overlapping zones (e.g., Fibonacci 0.618 + 200MA + POC + FVG bottom) create very strong support/resistance. These reflect collective trader agreement and can be traded with higher confidence.
Volume Analysis and Support/Resistance Strength: High volume at a zone confirms its significance. Reliable breakouts require strong volume, showing market participation and intent.
Develop Your Own Trading Plan: Don’t blindly follow all patterns. Choose indicators and methods that suit you to establish personal trading rules. Adhering to these rules maintains psychological stability and long-term success.
If you found this content helpful, please show your support with a Boost (🚀) and a comment (💬)! Your encouragement is a great motivation for us to create better analyses and content. You can also follow us to receive notifications about new posts.
FTSE 100 (UKX) | Targeting 17K → 23K → 50K The British Bull Awakens 🏴📈 | The British Bull Awakens 🏴📈 | The British Bull Awakens 🏴📈
Macro Wave 3 of SuperCycle 3 in full motion — 17K next, then 23K before Wave 4 reset and grand finale 50K .
The FTSE 100 is mid-way through its most powerful Elliott Wave phase in decades — Macro Wave (3) of SuperCycle (3).
A generational breakout is forming, with Fibonacci confluence and institutional flow pointing toward 17K and beyond. ⚡
🧩 The SuperCycle Map
📈 SuperCycle Wave (1) (1989–2000) → Globalization & tech boom = foundation of modern bull market.
📉 SuperCycle Wave (2) (2000–2009) → Dot-com + GFC reset the system with a 0.618 retrace.
⚡ SuperCycle Wave (3) (2009–Present) → Now in progress — a generational expansion wave unfolding.
Inside it:
Macro (1): 2009–2018 post-crisis recovery
Macro (2): 2018–2020 correction
Macro (3): 2020–Now → Targeting ~17,000
Macro (4): 2029–2033 est. → Retrace to 10–12K
Macro (5): 2033–2037 est. → Push to ~23,000
Then:
🌀 SuperCycle (4) = multi-year correction
🌟 SuperCycle (5) = grand finale toward ~50,000
💹 Wave Confluence & Fibonacci Geometry
2.618 extension → 17K (Macro 3 target)
3.618 extension → 23K (Macro 5 projection)
Historic 0.5–0.618 retraces at every cycle confirm proportional balance.
Long-term regression & wave symmetry both support this structure.
🧭 Smart Money & Market Structure
✅ Accumulation base: 7K–9K (institutional demand zones)
✅ Break of Structure (BoS) → confirmed expansion
✅ Fair Value Gaps below 9K → future liquidity magnets for Macro 4
✅ Continuous higher highs & order block footprints = Smart Money in control
📊 The FTSE remains in expansion phase , pushing through new structural highs as liquidity builds.
🌍 Macro Fundamentals
UK equities undervalued vs. global peers
Normalizing rates + disinflation = valuation tailwinds
Long-term flows into energy, AI, infrastructure
Institutional rotation into real assets supports the multi-decade rally
🎯 Targets Ahead
📍 Macro 3 (short-term): ~17,000
🔄 Macro 4 retrace: ~10–12K
🚀 Macro 5: ~23,000
🌀 SuperCycle 4 correction: multi-year base
🌟 SuperCycle 5: ~50,000
📈 This is the belief phase of a generational bull market — Macro Wave (3) within SuperCycle (3).
Patience now could pay off for decades.
💬 What’s your FTSE target — 17K, 23K, or 50K?
👇 Comment below and Follow for future wave updates & Smart Money confluence setups.
— Team FIBCOS
#FTSE100 #ElliottWave #SmartMoneyConcept #Fibonacci #WaveTheory #MarketStructure #MacroInvesting #TradingView #FIBCOS #BullMarket #Wave3 #PriceAction #UKX #Investing #MacroCycle
$IREN Fib projectionsNASDAQ:IREN has found support at the Fibonacci 1.0 level as well as the 55 EMA.
The next target to watch for is the 1.382 Fibonacci ratio, or potentially even the 1.618 Fibonacci extension.
So far, this could still be considered an ABC correction. However, if we surpass these targets in a five-wave downward movement, we might see even lower prices.
I do not currently hold a position in this stock, but I hope this information helps someone.
Fibonacci levels. Trading corrections.I saw a Lance B video saying that fibonacci is garbage that people use with a confirmation bias, and it doesn't work. (He says, anything besides the 50% FIB). His thesis is that fibonacci is a phenomenum from nature and at some point traders decide to test and apply it in markets.
I disagree. Using LOG trend, during corrections, prices respect the fib level ratio . It's math, more or less. I only trade tickers, if the moves are in the correlation with whole market (index). I also think, it's practical only on corrections, bear markets. 🤔
-> When the "key" level breaks, it tests the next level . Which isn't practical due to high variance.
-> which means, you build the shorts during last resistance . Where market forces pull over. (50dma death cross as a force).
(Your hedge is the inertia from 50dma DC).
I think this is a cool, powerful setup to keep it mind. 👏
Is APPLE $APPL ready and primed for a correction?Apple BSE:APPL had a great run so far in the past few weeks. It has also been running inside a channel which has pushing the price upwards. However, now it has just completed an extended W pattern. In fact 2 of them got completed exactly at the same level.
The current price level is something that needs to eb watched very closely. When W patterns complete, markets tend to have a correction. Market is still bullish and is still inside the channel so even if the correction comes, we will have to be careful with the shorts.
If the market stay bullish from this point above at least on daily/weekly basis then we have an upper FCP zone where it can reach possibly take a correction from there.
In all cases, we must remember to wait for confirmations and obviously manage the risk.
DXY relative perf. to predict market tops.Using intermarket analysis. During expensive markets, demand for US dollar grows - and often it correlates with stock market tops. Step further - we can use intermarket analysis of DXY/SPX. Look for trend break out and Higher Lows in the structure. ✅
Bitcoin UpdateBTC/USD — The Range Squeeze Tightens: Volatility Decides Direction
Bitcoin remains confined within a bearish range between 113 000 and 116 000. Price sits on the sell side of deviation but has yet to return to discount since yesterday’s flush.
The active range squeeze forms between the bullish point of control near 104 000 and the bearish point of control near 111 000, where both sides continue to fight for conviction. Yesterday’s session cleared heavy bullish liquidation, leaving direction to whoever reclaims volume first.
Structure: Fibonacci geometry shows BTC pressing into bearish oversold zones. Momentum remains reactive—better suited for short, tactical trades.
Order Flow: Sellers defended the 114 000 region; volume still favors supply at the upper band.
Execution: Expect consolidation until a new catalyst breaks the compression.
Upcoming events—U.S. jobless claims, Fed remarks, and tech earnings—may reset volatility. Liquidity tone stays cautious; ETF inflows paused, and yields remain firm.
Patience isn’t waiting—it’s refusing to act in confusion.
For now, watch for a 1H structure shift lower or renewed bearish momentum.
Bounces toward 111–113 k remain tactical until a daily close confirms otherwise.
Bitcoin is coiled inside a range squeeze. One side will lose soon. Until then, probability—not prediction—defines discipline.
— CORE5DAN
Institutional Logic. Modern Technology. Real Freedom.
GOLD - BEARS PREPARING FOR THE NEXT MOVEGold has reached a strong resistance level around 4,380 and is currently showing signs of a pullback. After nine consecutive weeks of gains without a single red candle—a rare occurrence in gold’s history—market participants should anticipate a potential correction phase.
The 4,305–4,337 zone will be a key area to watch for a possible retest before the next move lower. If price fails to break above that zone, the downside targets remain at 4,110 and 4,040.
Overall bias stays bearish as long as gold trades below 4,380.
Meta platforms, D ( Channel + 2 Fibonacci Extensions up & down )Hey Traders and Investors, I hope you all are doing well in your life.
market is nature's response and Price is the God .
Let's check the market with the help of natural levels tool : Trend Based Fibonacci Extension in addition with Trend Channel .
After forming almost a ' Head and Shoulders ' pattern on Daily chart, Meta platforms has given a pull-back ( base for Fib-Extension UP level tool on the right side , $690.51 ).
The Pull-back trend expect to continue till the retest level of 23.6% ( $765 ) of Fib-Extension UP level tool on the right side .
The most near level for the re-test is the 50% level ( $664.14 ) of Fib-Extension Down level tool on the left side , for a new UP trend Entry ( investors ).
Note: The marked Circle ⭕ enclosed candle is the important level candle, Up Trend channel's 50% trend line is intersecting with 23.6% of Fib-Extension UP level tool on the right side .
Keep on checking this Level for your future trading decisions.
" Buy 🟢 "above $731 with the stop loss🔻of $690 for the
🎯 Target 1: $765
🎯 Target 2: $811
🎯 Target 3: open.
" Sell 🔴 " below $664 with the stop loss🔺of $690 for the
🎯 Target 1: $634
🎯 Target 2: $590
🎯 Target 3: open.
Smart Levels is Smart Trading 👨🎓
⚠ RISK DISCLAIMER :
All content provided by "TradeWithKeshhav" is for information & educational purposes only.
It does not constitute any financial advice or a solicitation to buy or sell any securities of any type. All investments / trading involve risks. Past performance does not guarantee future results / returns.
Always do your own analysis before taking any trade.
Regards :
Team @TradeWithKeshhav
Happy Trading and Investing!
TSLA Weekly | Log Channel Analysis with Fibonacci ConfluenceThis chart presents Tesla (TSLA) on the weekly timeframe, plotted in logarithmic scale using a custom trend channel (not a pitchfork). The analysis combines price structure with key Fibonacci retracement and extension levels to highlight major inflection points in Tesla’s long-term trend.
Channel Structure: The log channel has consistently guided price swings, showing respect for both upper and lower boundaries across multiple cycles. This provides a framework for projecting potential tops and bottoms.
Fibonacci Confluence:
• Price is currently reacting around the 0.618 retracement ($430) from the previous major swing, a historically significant level for Tesla.
• Upside targets align with the 1.618 extensions ($753–$780), creating a strong confluence zone for a potential long-term resistance.
• Key downside supports sit at $367, $272, and $218, each coinciding with fib retracements and historical pivot zones.
Market Structure: The chart highlights repeating rounded top and bottom formations, suggesting cyclical behavior in Tesla’s price action. Rounded bottoms have historically marked accumulation zones, while rounded tops have aligned with distribution phases.
Current Outlook: After reclaiming the mid-channel region and pushing through significant resistance, Tesla is now at a pivotal stage. A confirmed breakout above $488 could open the path toward the higher channel range and eventual fib targets. Failure to hold $430, however, risks a retrace back to $367 or lower channel support.
Zoom Update. Near ObjectiveLike previous analysis ZM is near to reach the objective.
FIB RETRACEMENT⮕PRICE RETRACEMENT⮕TRENDLINE CROSSING⮕FIB EXTENSION⮕TARGET THE OBJECTIVE
Globant 4H Double BottomGlobant posted a positive earnings report. On the 4-hour chart, a double bottom can be observed. Considering the recent decline in the stock, applying a Fibonacci retracement followed by an extension shows the lowest extension level at 1.618, which acted as support. Today, the price broke to the upside. It will be important to analyze with caution whether it starts gaining volume to return to previous levels, while adjusting the stop-loss as a precaution.
Globant, Bright Future or Total Darkness?📊 Technical Analysis – Globant (GLOB) – Weekly
The price of Globant (NYSE: GLOB) remains under strong bearish pressure, approaching a key long-term support area.
🔑 Fibonacci Levels
0.618 (61.55 USD): critical zone currently being tested. A clear breakdown could open the door to further declines.
0.5 (77.15 USD): first major resistance in case of a rebound.
0.382 (92.75 USD): secondary resistance, aligned with previous supply zones.
0.236 (112.04 USD): stronger resistance level; a breakout above would suggest a trend reversal.
📉 Support and Resistance
Main Support: 65–61 USD, which acted as a strong base during 2019–2020.
Immediate Resistance: 77 USD, followed by 93 USD.
🔄 Volume
Volume has increased significantly over the past weeks, indicating strong institutional activity around this support area. This could hint at a potential technical rebound if the level holds.
📌 Conclusion
As long as GLOB holds above 61 USD, there is room for a rebound toward 77–93 USD.
A breakdown below 61 USD would open a more bearish scenario with medium-term targets around 50–45 USD.
Current bias remains bearish, but we are at a key decision zone.
TURBO/USDT – Cup and Handle Formation (1D Chart)Overview:
TURBO/USDT is potentially forming a textbook Cup and Handle pattern on the 1-day chart. Price action suggests a rounded bottom (the “cup”) followed by a consolidation range (the “handle”), setting up for a possible breakout.
---
🔍 Pattern Structure:
- Cup Formation:
Price rallied from ~0.0029 to ~0.0060 USDT, retracing slightly from the top. This rounded rise resembles the classic cup shape.
- Handle Formation:
Recent price consolidation between 0.0042–0.0049 USDT hints at the formation of the handle. A breakout above resistance could validate the pattern.
---
📈 Key Technical Levels:
Entry Zone | 0.0047 – 0.0050 |
| Resistance (Breakout)| ~0.0060 |
| Target 1 | ~0.0064 |
| Target 2 | 0.0078 – 0.0084 |
| Stop Loss | Below 0.0042 |
🔄 Additional Indicators:
- Volume: Watch for increasing volume to confirm breakout momentum.
- RSI (14-day): Neutral zone with room for upward movement. Momentum is building.
- Fibonacci Levels: 0.618 retracement (~0.004458 USDT) has acted as a key support during handle formation.
---
💡 Idea: Monitor for a daily close above 0.0060 with volume confirmation. That could mark the beginning of a bullish continuation. Risk management is essential if price fails to hold above the handle support.
Fibonacci Arcs in Stock TradingFibonacci Arcs in Stock Trading
Fibonacci arcs, derived from the renowned Fibonacci sequence, offer a compelling blend of technical analysis and market psychology for traders. By mapping potential support and resistance areas through arcs drawn on stock charts, these tools provide insights into future price movements. This article delves into the practical applications of Fibonacci arcs in trading, their interplay with market psychology, and best practices for effective use.
Understanding Fibonacci Arcs
The Fibonacci arc indicator is a unique tool in technical analysis derived from the famed Fibonacci sequence. It’s crafted by drawing arcs at the key Fibonacci retracement levels - 38.2%, 50%, and 61.8% - from a high to a low point on a stock chart. Each curve represents potential support or resistance areas, offering insights into the stock’s future movements.
The art of arc reading, meaning interpreting these curves, is crucial for traders. When a stock approaches or intersects with an arc, it reflects a significant reaction level. For instance, if a stock price touches or nears an arc, it could face arc resistance, indicating a potential halt or reversal in its trend.
Applying Fibonacci Arcs in Trading
In the stock market, these arcs serve as a guide for traders seeking to anticipate future price movements. When applied correctly, they can provide critical insights into potential support and resistance levels. Here's a step-by-step look at how you may use them effectively:
- Identifying High and Low Points: Begin by selecting a significant high and low point on the stock's chart. In an uptrend, it’s the most recent swing high to a previous swing low, and vice versa. These are the anchor points.
- Drawing the Arcs: Once the points are selected, draw the arcs at the Fibonacci retracement levels of 38.2%, 50%, and 61.8%. They radiate from the chosen low point to the high point (or vice versa), cutting across the chart.
- Interpretation: Watch how the stock interacts with these lines. When the price approaches an arc, it might encounter resistance or support, signalling a potential change in trend or continuation.
- Timing Entries and Exits: Traders can use the arcs in the stock market as a tool to time their trading decisions. For instance, a bounce could be a signal to enter a trade, whereas the price breaking through might suggest it's time to exit.
Fibonacci Arcs and Market Psychology
The effectiveness of Fibonacci arcs in trading is deeply intertwined with market psychology. They tap into the collective mindset of traders, who often react predictably to certain price levels. The Fibonacci sequence, underlying this tool, is not just a mathematical concept but also a representation of natural patterns and human behaviour.
When a stock nears a curve, traders anticipate a reaction, often leading to a self-fulfilling prophecy. If many traders make an arc stock forecast, they might sell as the price approaches a certain point, causing the anticipated resistance to materialise. Similarly, seeing support at an arc can trigger buying, reinforcing the tool’s power.
This psychological aspect makes Fibonacci arcs more than just technical tools. They are reflections of the collective expectations and actions of market participants, turning abstract mathematical concepts into practical indicators of market sentiment and potential movements.
Best Practices
Incorporating Fibonacci arcs into trading strategies involves nuanced techniques for better accuracy and efficacy. Here are some best practices typically followed:
- Complementary Tools: Traders often pair this tool with other indicators like moving averages or RSI for a more robust analysis.
- Accurate Highs and Lows: It's best to carefully select the significant high and low points, as the effectiveness of the curves largely depends on these choices.
- Context Consideration: Understanding the broader market context is crucial. Traders usually use Fibonacci arcs in conjunction with fundamental factors to validate their analysis.
- Watch for Confluence: Identifying areas where Fibonacci levels converge with other technical signals can provide stronger trade setups.
- Practice Patience: Traders typically avoid making hasty decisions based solely on Fibonacci levels. It's usually better to wait to see additional confirmation from the price action.
Advantages and Limitations of Fibonacci Arcs
Fibonacci arcs are a popular tool in technical analysis, offering distinct advantages and some limitations in analysing stock movements. Understanding these can help traders leverage the tool more effectively.
Advantages
- Intuitive Nature: The Fibonacci sequence is a natural pattern, making the tool intuitive for traders to understand and apply.
- Dynamic Support and Resistance Levels: They provide dynamic levels of support and resistance, unlike static lines, adapting to changing market conditions.
- Versatility: Effective in various market conditions, the arcs can be used in both trending and sideways markets.
Limitations
- Subjectivity in Selection: The effectiveness largely depends on correctly identifying the significant high and low points, which can be subjective.
- Potential False Signals: Like all technical tools, they can generate false signals, especially in highly volatile markets.
- Requires Complementary Analysis: To maximise effectiveness, these curves are usually used alongside other technical indicators, as they are not infallible on their own.
The Bottom Line
Fibonacci arcs are invaluable tools in stock analysis, providing insights into market trends and potential price movements.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
DOGEUSDT | Bullish Cup & Handle Revisiting Target +500% (1 USD)?Price Action and Chart Pattern Analysis:
DOGE cup bottom happened around $0.05 with the rim around $0.48. That gives a depth of roughly $0.42. If the breakout occurs near the rim, the measured move target would be $0.90 zone.
This aligns with several analyst projections suggesting DOGE could reach $0.90 to $1.00 if the breakout confirms.
Another way to project this cup & handle is the fibonacci-based target. These levels suggest that if DOGE breaks above the handle and sustains momentum, $0.85–$1.00 is a realistic zone for profit-taking at 161.8% and 200% extension as 1-2-3 wave pattern.
Reliability of the Cup and Handle Pattern for DOGE
The cup and handle is a classic bullish continuation pattern, but when applied to Dogecoin, its reliability depends on several dynamic factors:
Strengths of the Pattern in DOGE’s Context
Historical Accuracy: DOGE has previously respected technical patterns like rounded bottoms or (THE CUP) and breakout channels (THE HANDLE), especially during alt coin rallies.
Current Setup: a well-formed cup and handle on DOGE’s weekly chart, with price rebounding from $0.14 and testing resistance at $0.2 zone which also the key resistance SMA50W and the downtrend channel (the handle)
WATCH OUT: still a possible throw-under pattern or a final bear trap liquidity below previous low!
Key Action: If breakout confirmed with volume > Follow BUY | if not, wait for retraced SMA20 or breakout support.
Always trade with affordable risk and respect your stop...
EURUSD Potential UpsidesHey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.16650 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.16650 support and resistance area.
Trade safe, Joe.
The Kiss of Death Trade & Other Reasons for EntryFollowing up on the 2618 opportunity that we looked at on the FOREXCOM:GER40 this past weekend the market has now created more potential trading opportunities to get involved.
1) A bullish bat pattern that has completed due to a result of a complex pullback into the original double bottom.
2) A potential Kiss of Death trading opportunity
3) A bigger potential bullish gartley pattern IF the current 2618 opportunity is violated.
Please leave any questions or comments below & feel free to share your opinion on the setup.
Akil
ETHUSDT 1D Chart Analysis | RSI Strength & Fibonacci TargetsETHUSDT 4H Chart Analysis | RSI Strength & Fibonacci Targets in Play
🔍 Let’s break down the latest ETH/USDT setup — bullish momentum is building with confluences pointing toward key upside targets.
⏳ 4-Hour Overview
Ether continues climbing within a well-defined ascending channel, with recent candles holding above mid-level support. Price is pressing higher from a clean bounce at the 0.5 and 0.618 Fibonacci retracement zone ($2,017–$1,899), signaling the correction has likely ended.
📉 Fibonacci Levels & RSI Confirmation
- The strong recovery aligns with rising volume and a bullish structure.
- RSI is pushing into overbought territory (above 73), often a sign of strength during trends—not exhaustion.
- ETH is now positioned for a breakout continuation move if momentum holds.
🎯 Bullish Targets Ahead
- Immediate resistance: $3,300 (1.414 Fib extension + historical supply)
- Next major target: $3,700 (1.618 extension + upper channel confluence)
- Pullback zones: $2,950 (mid-channel) and $2,017 (Fib support base)
📊 Key Highlights:
- Price is respecting the rising channel structure — higher lows, higher highs in play.
- Volume supports the breakout narrative, rising on green candles.
- RSI breakout supports trend continuation, not exhaustion.
- Targets at $3,300 and $3,700 remain actionable on a confirmed breakout.
🚨 Conclusion:
ETH is showing a multi-variable bullish setup with clear continuation potential. A strong move above $3,300 could quickly send price toward $3,700. Pullbacks to $2,950–$2,017 could offer high-risk/reward re-entry zones. Momentum favors bulls — stay alert.
