We've again the same support at 0,618 fibo, and we use twice to watch if the smae number will occur, and yes, 0,18 still support. So the price could test the support and go long, or will just change direction to a long strategy, since MACD is already touching support. But our position will be: Waiting for a bigger bullish candle to buy XAUUSD or wait for the...
Resistance at 0.98857 looked at 1hour tf, and a second resistance at 0.98436. We can see we already had two retracements and can be the next consolidation area. However when we use de fibonacci we can look at 38,2% and see a future support there if not crossed, moretheless if cross it, EURUSD will short. The pair already have a strong short position since we have...
Bottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension. Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase). Monthly = Direction Daily = High or Low price 1Hour = entry According to daily timeframe we are at a low price, still forming...
Hey crew, sorry for not publishing in a long while, been busy coding trade interface stuff and getting Pythonic So here's a quick update on the crypto beauty XRPaaaay 1. This Fib channel sits nice on a longer term trend and the price action / conformity is pretty snug 2. The 200 EMA could hold but let's face it, XRP usually dumps deep after most pumps and I...
- Throughout history, the ratio for length to width of rectangles of 1.61803 39887 49894 84820 has been considered the most pleasing to the eye. - This ratio was named the golden ratio by the Greeks. - In the world of mathematics, the numeric value is called "phi", named for the Greek sculptor Phidias. - Everything is in chart. Happy Tr4Ding !
BINANCE:LUNCBUSD probably doing a wyckoff accummulation phase as BINANCE:ETHBUSD did long ago. My theory is that market do a reversal after a triple top is formed. Hence, only one top has been made so far. This is subjective to market conditions.
Interesting i article I found on the web on retracements. Different pattern but the idea is the same context. "short XA retracement particular, I realized that the B point within a Gartley-type structure that was less than a 0.618 would almost always exceed the expected 0.786 retracement of the XA leg at the projected completion point. I showed Jim this new...
EURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200. Main Scenario: If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2. Note: Technical indicators display slight bearish divergence on lower timeframe warranting...
-GBPCHF has been bearish since 5 April (500 days) -We can clearly see how price reacted to FIBO channel levels. -So now if 2 lvl of FIBO channel break down , it will go down to 2.618 lvl of FIBO channel.
You can open position with fib gann.How? find the top of bullish trend and draw a vertical line next draw a fib and draw some line from bottom of bullish trend to fib and vertical meeting point. Thank you for follow,boost and comment
The 30 min FIBO is the building block of the previous One Hour FIBO.. "not a fin advisor"
it's been few days now; ALL FIBO-s are respected.. Enjoy.. "not a fin advisor"
$gsr quarterly, using futures, has now done a perfect Fibonacci 50% retrace, and begun to build a bear hammer, or engulfing. Most reversals after a long upside trend are pretty violent. Last time inflation was this great, it took 18 ounces of silver to buy one ounce of #gold.
As of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport,...
It looks like the price of Bitcoin is forming a Double Bottom pattern on the daily chart, which would be a Bullish Pattern. We are in a pretty bad Macroeconomics environment, but if this pattern plays out, the target will be around $25.000. And this could have a more bullish effect on the price of Bitcoin mid- to long-term. The break-out target would also be...
Good morning traders! Hope you got a happy 4th of July. There was this scenario that I saw yesterday, but I didn't think it would actually happen that EURUSD would fall a lot. I guess everything can happen in the market. There's an AB=CD pattern as 0.382 retracement and 2.24 projection that coincides a little bit with the price lenght and the time leg. It just...