Scorpio Tankers Inc. (STNG) appears to be headed for a downside based on two significant factors - the impact of the oil market and the approach of Wave 3 in the Elliott Wave Theory. The recent downturn in the oil market has hit the entire industry hard, and Scorpio Tankers is no exception. As a company that operates in the oil tanker shipping industry, the drop...
The last two days have been highly bullish, wouldn't you agree? Just enough to get buyers off their wallets to deliver a devastating blow. Last week we successfully sold US30 for 500 pips. I expect more of the same this upcoming week. I've Identified 5 Different Structures that give us a price cluster, at a significant market level. Details Below. Structure...
Hey Traders ! The USDCHF Price Reached a 0.5 FIB Level ! Currently, The Price Formed a Double Top Pattern ! The Neckline is Broken 🔥 If Price Stays Under The Key Zone, USDCHF Can Continue The Bearish move ! ----- TARGET: 0.88650🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Looking for a bearish rejection candle followed by an engulfing candle. If we get our entry around the 50% level then we will place our SL above 61%. If we happen to get our entry at 61% we will place our SL 30 pips above that level.
HELLO TRADERS 💖 The EURUSD Broke The Last Higher High (1.09566-1.09734) Currently, The Price is testing 1.09028-1.09298 Support Level and 0.6 FIB Level for Creating a new Higher Low🔥 if price stays above the key zone, EURUSD can continue the bullish move ! ----------- TARGET: 1.10440🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
ETH started correction we may test 0.3 level ang go deeper then might bounce of zone 27 and get back to test zone 0.6 after which go deeper to -0.618 abra cadabra ! BUM!
Looking at Algorand/USDT 4H on Binance, it seems like there is a long road ahead for ALGO bulls. We see two recent rejects at the .5 FIB / $.24. The retracement found support on the 200MA but the subsequent bounce was unable to fully recapture the .382 FIB at $.225. I'd expect some chop between the 200MA & .382 then a drop down towards $.21. With the two...
So, imagine you're a sniper, carefully eyeing your target through your scope. Suddenly, you notice something strange - the movements of your target seem to be following a pattern! You take a closer look and realize it's the Fibonacci sequence! As any savvy sniper knows, Fibonacci retracements can be a handy tool in trading. So you whip out your Fibonacci tool...
Here is my point of view about Google. Based on my Elliott Wave, the bear trend could come back the next week (April,17) after the optimistic Bull run from March,13. We reach the the Fibonacci Ret 0.382% and the ii circle degree seems to be done after a complex correction in ABCDE. And about the Time the Ret and Projection both are pointing April, 6 and...
ES1! Fibonacci Levels on 6wk horizon. Confluence observed with PA in sustained level between Key SMAS 20, 200. Confluence observed with 0.618 and 0.5 with areas of fair value. Reliability of measure supported using linear regression with pearsons r of 0.97554. A bear flag would be confirmed with breach of sigma 2 :3888.50 and KLs 3973.75, 3515.50 (and rediscovery...
BINANCE:QNTUSDT Multiple indicators pointing to a potential price outbreak (long direction). Head and shoulders Triangle Fib retracement (for mid-term projection) THIS IS TOO RISKY FOR LEVERAGE IDEAS, TRADE ON SPOT AND WITH CAUTION. NOT FINANCIAL ADVICE.
2 ABCs on the 4h tf. Targets 100% and 161.8% are closely aligned. That's where I'm targeting.
The AUDJPY is currently in a downtrend on the 4-hour chart. On the 1-hour chart, it has broken a significant trendline and a key support level at around 88.600. I'm anticipating a retracement to this level, which also aligns nicely with the 618 Fibonacci retracement level of the latest impulsive move. To monitor price action at this level, I have set up an alert....
I drew a downward looking trendline from back in 2021 that looks consistent with the past couple of years price action. As you can see SOL retraced to the 2021 bull market .618 fib level. Breaking above the blue trendline could result (at least) in a retest of 2022 bear market 0.50 fib level. It also aligns with the $45 resistance.
Here are some Fib levels that demonstrate entry and targets for bitcoin IF we can break out of the current range (Above 29k). Best practice is to move stops up at each target as it is broken. As can be seen, there is a lot of confluence between the fib levels and support/resistance zones on the daily chart.
Bitcoin needs to close and hold above 27200 - 27300 range to continue to 33000 initial target
It seems that we are at the end of an ABCDE triangle pattern. Wave C has risen to 38% of wave A from the triangle, and considering that the waves of a triangle pattern are one-to-one related, I expect wave E to rise to 38% of wave C, i.e. in The same price as it is now. The rest of the explanation can be seen on the chart.
please use proper r&r as to not to blow your account.